Posts tagged: Financial Meltdown

Quantitative Easing Explained

By Cheryl, September 23, 2010 9:29 am

Cute cartoon characters explain the financial meltdown in about 6-mins — highlights include:  how the Fed is a front for “the Goldman Sachs”

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The Best Way to Rob a Bank Is . . . Own One!

By Cheryl, July 19, 2010 8:27 am
This is the title of a book Bill Black wrote about the Savings & Loan Debacle back in the 1980-to-90’s
There are many insights in this conversation between Bill and Bill.  And even though it was taped in 2009, it is amazing how little action has been taken by the administration to remedy the financial crisis.

“We’re failing to learn from our mistakes” — says Black, and nails it when he says this meltdown is as much a moral crisis as a financial one – demonstrating a systemic lack of integrity.

“The financial meltdown was driven by fraud at the highest levels.”

“We should learn how to better deal with fraud, instead we’re covering it up to “create confidence.”  The cover-up is so successful- we don’t have the facts. We need to know the facts to make intelligent decisions.”

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