Deprecated: Function get_magic_quotes_gpc() is deprecated in /home/customer/www/ufppc.org/public_html/libraries/fof30/Input/Input.php on line 99 United for Peace of Pierce County - VIDEO: Expert charges systemic fraud behind US financial crisis & subsequent cover-up (Moyers Jrnl.)
On Fri., Apr. 3, 2009, Bill Moyers interviewed for half an hour Bill Black of the Univ. of Missouri-Kansas City, a former bank regulator and former director of the Institute for Fraud Prevention, a consortium of organizations and companies committed to multi-disciplinary research. -- Black charged banks, ratings agencies, and other financiers with deliberate and systemic fraud. -- Black said Congress has been complicit in the cover-up, and that U.S. Treasury Secretary Timothy Geithner and others like him, because they are “scared to death of a collapse,” are “absolutely” deliberately “covering up” the extent of the problem. -- Moreover, he said that Geithner testified falsely to Congress during his confirmation hearings. -- Black said he is disillusioned by the policies adopted by President Barack Obama in the financial sphere, though he supported his candidacy: “First, the policies are substantively bad; second, I think they completely lack integrity; third, they violate the rule of law.” -- “The tragedy of this crisis is that it didn’t need to happen at all,” Black said....
MOYERS 1/3: SHARING THE BLAME FOR THE ECONOMIC CRISIS?