BILL MOYERS JOURNAL | William K. Black | PBS
Posted By: admin | 2009.11.10
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 Bill 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. This show aired April 3, 2009. Bill Moyers Journal airs Fridays at 9 pm on PBS (check local listings). For more: www.pbs.org … economy “wall …
25 Comments:
fruticetum / August 11, 2009 3:20 am
Funny how Moyers isn’t nearly as interested in Fannie Mae’s role in the financial meltdown.
becauseicare2 / August 14, 2009 6:16 pm
As Black points out, it was not just wall street, it was Washington as well.
babygirl669 / August 17, 2009 12:49 am
its absolutely sick… I have seen video after video on the Financial Scandal – There is a Paulson and Geithner in every major developed economy around the world.
The truth is out there, but the average Joe is not sharp enough or doesn’t have the urge to investigate it.
What the world needs is a single truth source… One entity that puts everything together in which all people learn and unite – At the moment, it’s too divided and that is why they are winning.
Peace,
BG x
chitons21 / August 20, 2009 9:42 pm
If you folks had voted for Ron Paul instead of the crooks I can pretty much guarantee you that this thing would be on the right track by now.
But instead we will probably vote in palin in 2012 or some bimbo equally unqualified instead of getting someone in there that has education, experience and morality like Ron Paul.
Paolo7219 / August 22, 2009 4:16 pm
Forgive me for stating the obvious here: the markets were deregulated by criminals who KNEW that these deregulations would cause a crash. They just didn’t care. Phil Gramm and his wife Wendy are a prime example. Gramm gutted regulations while in Congress–and then joined UBS. The credit rating agencies are NEVER again to be trusted. Alot of people need to be arrested for credibility to be restored. This is the George W. Bush legacy.
Paolo7219 / August 22, 2009 4:22 pm
This scandal was NOT caused by people believing in some flawed economic system/theory. This was purely criminal behavior. People like Phil Gramm knew FULL WELL what would happen. Gramm gutted regulatons while in the US Senate–and then joined the Swiss bank UBS. Then there is Gramm darlking bride Wendy. She of the Commodities Futures Trading Commission (CFTC). Why are there not more folks like Bill Black? ALOT of people are going to need to be arrested and jailed fro these banking crimes.
Paolo7219 / August 22, 2009 4:30 pm
BOTH Democrats and Republicans are responsible for this scandal. That said, if you tabulate the corruption along party lines, the Republicans are largely responsible. Phil Gramm, R-TX is a good example. Gramm gutted regulations–and then joined the Swiss bank UBS. Don’t get me started on Gramm’s wife Wendy. This disaster is one of the REAL legacies of the George W. Bush legacy. ALOT of people need to be arrested/jailed. And where was our “objective” media in all this??
Noisycowonline / August 23, 2009 2:14 am
The same people that caused the financial collapse for their profits are the same people the American people have decided to put all our trust in now.
It is the banksters at the private Federal Reserve that is defrauding us. They have not slowed down. They won’t stop until they’ve bled us dry.
This is like hiring Ted Bundy to look over your family.
Sundrumify / August 25, 2009 10:46 am
Could not agree more.
Great, that we are at least connected through the Internet. More and more people wake up and clearly state, no more!
Namaste,
Lisa
HoughMorris / August 26, 2009 12:44 am
now take 2 trillion dollars and divide it by inhabitants of this planet…
ziggy784 / September 5, 2009 9:25 pm
The private mafia cartel known as the Federal Reserve,needs to be outlawed,and the crooks in D.C. arrested for co conspiracy with the banksters.the U.S. treasury can print debt free money and end inflation and deflation forever.
myheadhurtsnow / September 6, 2009 12:57 am
I know this is old, but..
Think about it. The regulators caused this by flooding the system with loose credit, and by encouraging risky loans. Can anyone deny that? Why are you all trapped in the Hegelian dialectic?
myheadhurtsnow / September 6, 2009 1:05 am
Without regulators like the fed, banks would not make “liar’s loans.”
Why do you think banks used to investigate loan candidates before loaning to them? Why do you think they give anyone credit now, and don’t care?
It’s the fed and government involvement. It’s obvious.
tjfgermany58123 / September 8, 2009 8:31 pm
The USA is deeply in debt to China, Japan, ect. Average Joe American bought stuff he couldn’t afford to pay back. USA prints money and gives it to the failing banks that made bad loans. Average Joe give what stuff he can’t pay for back. So, who got the shaft? Not the banks. Joe American lost his equity and property. He also as a citizen must pay the USA debt. How you force a poor citizen to pay a debt? Taxes? or Inflation? I never heard of infation without representation.
screamingskull / September 22, 2009 1:18 am
Fannie Mae had very little to do with it. Fannie Mae doesn’t make financial regulations or print money.
Renegen1 / September 24, 2009 2:39 am
Not all regulators are created equal. The Fed as a regulator is like giving Al Capone regulation over crime. So it’s useless. You can have all regulation in the world given to the Fed, sells a lot of newspaper, but the truth of it is that regulation will never be enforced. Ya “government” was part of the problem, but who IS government? It’s lobbyists these days. You must take care of corruption.
ReneODeay / September 24, 2009 11:05 pm
You actually think American people trust anyone in our government anymore? at least the ones who aren’t still drinking the koolaid.
ReneODeay / September 24, 2009 11:07 pm
bought.
only small media with no outside owners can afford to be honest. and where are they?
indigoallstar / October 10, 2009 7:02 am
Cannot look at Obama the same again, Im outta koolaid and switching to OJ (no pun intended).
hoboboxerjoe / October 12, 2009 11:56 pm
What exactly do you mean by that?
Acecool444 / October 14, 2009 7:14 am
“TREASON”:
1. the offense of acting to overthrow one’s government or to harm or kill its sovereign.
2. a violation of allegiance to one’s sovereign or to one’s state.
3. the betrayal of a trust or confidence; breach of faith; treachery.
1. Treason, sedition mean disloyalty or treachery to one’s country or its government. Treason is any attempt to impair the well-being of a state to which one owes allegiance; the crime of giving aid or comfort to the enemies of one’s government.
nodesnetwork / October 18, 2009 9:35 pm
This video proves that the “conspiracy of fraud” was much broader than we suspected and continues under the Obama administration’s “cover-up” out of fear of economic collapse.
I think we should prepare ourselves for the collapse because it appears to be the only thing that will stop the conspiracy.
metalschooldrill / October 29, 2009 3:19 pm
US went fraudulent since year 1999. The economy has “recovered”; the majority lost. THey knew most people were maxed out financially & hyperinflation was bound. 1999 had the most immigration to fix up the place & to undermine labor power. McCain intentionally lost
PersianPaladin / November 2, 2009 4:30 am
EXCELLENT interview.
GoldHealth / November 10, 2009 3:21 am
The essence of what this courageous man said is: 1. the repubs and dems are in bed with the corporate elite to rob america. 2. criminal activity has occurred and nobody is being held accountable or even investigated. 3. Congress and the president (Bush, Obama, whoever) are corrupt. 4. corporations run the government. The only question is what are Americans willing to do about these criminals. Thank god for courageous people like Bill Moyers and the guy who he interviewed.