Bill Moyers Journal - How Wall Street Destroyed the System
Submitted by JoeDanger on Sun, 04/12/2009 - 17:58
I liked this interview, very candid and direct.
The financial industry brought the economy to its knees, but how did they get away with it? With the nation wondering how to hold the bankers accountable, Bill Moyers sits down with William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of what went wrong and his critique of the bailout
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This is a Coverup for a Coverup!
While it sounds like he did a lot of research, William Black missed the CORE issue of all banking fraud; regulations which promote fraud in general such as:
1) The Federal Reserve banks being allowed to counterfeit money.
2) The fraud of fractional reserve banking - loaning 10 times what you have.
3) The government removing risk through the FDIC.
No matter how much regulation there is, a system will always fail when the core regulations allow counterfeit and fraud.
Ron Paul's Convention Speech
Ron Paul's Convention Speech
This program is brought to you by
Do you really believe this program is open and honest is educating the public?
When I have watched this program and at the end or the beginning they say this program is brought to you by chevron (Rockefeller money) and the Rockefeller brothers foundation, etc
I think I know how to tell what view is to be put into the minds of the public.
If you do not know much about the power and influence of the socialist foundations that fund a lot of pbs then I suggest you type in www.taxexempt foundations and power.org
Liberty is our campaigns gift to the world it is our manifest destiny.
Freedom is a movement who's time has come. Our campaign will lead to world wide freedom.
Liberty is our campaigns gift to the world it is our manifest destiny.
Freedom is a movement who's time has come. Our campaign will lead world wide freedom.
THE FED DID IT.
THE FED DID IT.
Ventura 2012
william black1. supported
william black
1. supported BO
2. believes there was too little regulation
The slogan press on has solved and always will solve the problems of the human race. No person was ever honored for what he received. Honor has been the reward for what he gave.
- Calvin Coolidge
Are these things filtered
Are these things filtered before making headline news on Daily Paul? A former bank regulator tells us exactly what's wrong with the economy, and hey, no mention of the government anywhere!
Yes, let's blame voluntary enterprise and advocate even more power to the state! All this man is doing is looking at the byproducts of past government intervention.
I feel that a more accurate
I feel that a more accurate description of the shortcomings of the system and the source of lot of present day corporate malevolence can be found in this video.
It's a twenty minute clip entitled "What's Going Wrong in the Stock Market" and does a lot more justice, I think, to the issue of company greed and how government policies aid in shaping it.
except that it wasn't wall street
it was our government that destroyed the economy.
Our government created
Our government created "regulations" that allowed Wall Street to wreck the system.
"You are a den of Vipers.I intend to rout you out and by the Eternal God I will rout you out."
For an informed citizenry, individuals must discard the television set in favor of the acquisition of information via either books and/or the internet. An uneducated populous will remain in ignorance and thus continue to suffer the sharp ax of tyranny.
I dunno, I would call 1%
I dunno, I would call 1% interest rates "deregulation".
Ventura 2012
Bill Moyer worked for Lyndon Johnson and was
one of the architects of the "Great Society."
Ask him who the greatest president is and he'll say it was FDR.
NO BECK - NO ALEX JONES - NO KEYES - NO MOYER - NO ABDICATION - NO AUTORITIES
Octobox
*&^ Constitution --- Constitutional Rationality
Google: "bill moyers hatchetman" and "Bill Moyer Smugness"
Octobox
*&^ Constitution --- Constitutional Rationality
Bill Moyers will find no quarter in "my house."
Octobox
*&^ Constitution --- Constitutional Rationality
Bump! Great interview... worth watching!
In Peace & Liberty,
Treg
This guy just doesn't get it ....
Who rated these securities?
Note:
Rating agencies are exempt from liability by a law written and passed by congress. That means that regulation caused it, not the lack of regulation.
THE DESTRUCTION OF REGULATION DID NOT CAUSE THIS!!!
I will grant him the accurate statements about corporations lobbying for bad regulation, but what did he expect?
Just bring back government protection of property rights with no corporate exemptions and we will have a near perfect system.
WAHOR!!
http://www.dailypaul.com/node/48994
WAHOR!!
http://www.dailypaul.com/node/48994
Black explains it very
Black explains it very pointedly and directly. No beating around the bush here, direct cause-effect-reaction. It would almost lead someone to believe that they wanted to crash the system.
"You are a den of Vipers.I intend to rout you out and by the Eternal God I will rout you out."
For an informed citizenry, individuals must discard the television set in favor of the acquisition of information via either books and/or the internet. An uneducated populous will remain in ignorance and thus continue to suffer the sharp ax of tyranny.
what caused the crisis?
Did Lack of Regulation Cause the Financial Crisis?
After thinking about the Lew Rockwell article above by Weiner,
once again, this whole mess can be, in part, blamed on the 17th Amendment. When the fox (Sen. Dodd who got $250K from RBS) guards the henhouse, what do you expect? Senators are rewarded handsomely for looking the other way. Who knows what the Republicans got when they were in control. Party doesn't matter. 1913 was a disasterous year for America: Income tax, 17th Amendment & the Federal Reserve. 2013 would be a great year to get rid of all 3.
Nice find
Thanks.
Superb!
Jaw dropping half-hour, well worth the time.
Joe - this is an excellent,
Joe - this is an excellent, excellent interview.
Thank you for posting.
Michael
Now we should all contact
Now we should all contact the FBI and demand federal Investigations...
Daryl
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