5/27/09 Meria Interviews Bill Black, Asso. Professor of Economics & Law, Missouri-Kansas, white collar criminologist and former financial regulator recently seen on Bill Moyers. Failing banks – the tip of the iceberg; should we have bailed out AIG? Who did AIG bail out with our money? Can we prosecute CEO’s? Can we recover? housing – the usual financial bubble; the S&L crisis; optimized fraud; FBI in 2004 warned of epidemic of mortgage fraud; fraud from the top down; 30-45% under water in their mortgages; corrupt lenders; recession and prime loans; Geithner continued Bush’s bad policies; Privitization – Fannie, Freddie & Who else? the Glass Steagall Act; we need a Pecora investigation; deregulation; Bernanke; Greenspan; the Federal Reserve – shouldn’t be a private entity; Bush & Obama fought showing us who we bailed out (Goldman Sachs, Foreign banks, etc); “state socialism for the rich, led by capitalists”; what we can do.
No bailout for us!
