Standard & Poor’s criminal activities proven by William K. Black
law ) recorded on June 11th 2009 the great american bank robbery William K. Black, the former litigation director of the Federal Home Loan Bank Board who investigated the Savings and Loan disaster of the 1980s, discusses the latest scandal in which a single bank, IndyMac, lost more money than was lost during the entire Savings and Loan crisis. He will examine the political failure behind this economic disaster, in which not only massive fraud has taken place, but a vast transfer of wealth …
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And the that high ranking boss gets an 8 figure bonus.
Rotten to the core.
naughty naughty naughty…..!
It’s okay… I will survive.
I have the gold and the silver.
No. I don’t live in America.
Chinese people start to buy silver now. It’s becoming a trend.
Maybe the money did not go out for loans the money was used up by bush and co. for illigal wars and another oil projects….
Another problem that we probably wouldn’t have if the main 3 rating agencies weren’t under a government oligopoly.
Very good presentation by William Black. As the poster notes, the entire 2 hour presentation with Q&A is available at the site he links.
Beyond the ratings agencies, William Black explains that Larry Summers and Timmy Geithner are not fixing the problem, they are merely hiding it.
Imo, this will lead us to ruin.