VIDEO

Bank Regulator William K. Black Interviewed by The Young Turks

    Famed bank regulator William K. Black, a consumer-protection hero of the savings and loan scandal of the 1980s, speaks with The Young Turks radio show about the massive banking fraud perpetrated on the American people and the futility of the Obama administration's bank rescue plan.

    For more information read: Robert Scheer | Cashing In on "Government Sachs".

Comments

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Now we know why the bankers

 Thu, 05/07/2009 - 10:23 — Wilbur N.Rhodes (not verified)
Now we know why the bankers so generously supported the Obama campaign. Have we been solds out again?

Wake up people!!! Why is it

 Thu, 05/07/2009 - 13:09 — Rod (not verified)
Wake up people!!! Why is it so hard to believe that Obama is changing nothing?

So US is been sold out by

 Thu, 05/07/2009 - 23:18 — Matthew Little (not verified)
So US is been sold out by the banks. Who started it in the first place.

I am not (nor have I ever

 Sun, 05/10/2009 - 17:38 — CharlyAndy (not verified)
I am not (nor have I ever been) a Communist but a hint at the root of this problem is the famous Red Scare that swept the world before the Bolsheviks had a chance to murder, terrorize and bring Russia to its knees. The Rulers were scared s$$$less that the lumpen proletariat would "rise up and throw off their chains." These Rulers (their families) are still calling the shots. Read "Who Rules America" by John McConaghy (Longmans Green, 1934.). It is out of print so you hacve to do a little searching but it puts this situation in focus. The US is a money-making machine for these guys and they don't care about morality or fairness and there's never enough.

good work

 Sun, 05/10/2009 - 21:59 — Anonymous (not verified)
good work

Mr Obama, why would you not

 Wed, 05/13/2009 - 15:39 — Anonymous (not verified)
Mr Obama, why would you not get rid of mr Geithner and replace him by a Mr Black we heard about? Please?

Great analysis, Mr. Black.

 Thu, 05/14/2009 - 07:39 — Anonymous (not verified)
Great analysis, Mr. Black. So clear, and understandable; however, when it comes to Rubin and Summers advising Obama, I'm surprised that you don't mention the Chicago School. Doesn't it stand to reason that Obama would have had dealings with them before.

Sold out again - Obama's

 Wed, 05/27/2009 - 18:52 — Anonymous (not verified)
Sold out again - Obama's just another part of the corporate party - best democracy money can buy. And Wall Street bought Obama.

The banks took out insurance

 Fri, 05/29/2009 - 17:18 — davis (not verified)
The banks took out insurance policies at AIG against the liar loans, so when the loans defaulted, which they knew they would, they would cash in their insurance policies at AIG and get both the property and the money to pay off the property back. AIG is in trouble because of these insurance policies called Credit Default Swaps. CDS policies. This is accounting fraud and I just completed a course in Auditing. These companies are public and they are audited by CPA firms and their financials are filed at the SEC. Demand to see the money trail and then hold both the Auditing Firms and the CEO's who caused these thefts accountable. Save Obama from his entanglement with these people by going over his head. Call for, and write letters that ask for the full Balance Sheet, Income Statements and historical general ledgers of each bank and AIG and the back up so that we can see whose money went where and how these banks are making money off of our tax payers dollars which we need for services in this country: education, health, roads, technology, jobs. This has got to stop and Obama cannot do it alone. He will be assassinated if he tries, methinks.

You folks haven't figured it

 Sat, 10/31/2009 - 03:14 — Anonymous (not verified)
You folks haven't figured it out yet? The BIMMETs were used to induce the 537 elected to bring about the BIMMET frauds that robbed America of its equity. Who are the BIMMETs? Bankers, insurance, media, military, energy and entities with state franchises, copyrights and patents, and of course the traders and their packing technologists.