Thursday, April 30, 2009

corruption is in the air...

This is one of the best, most informative segments I have yet seen regarding the current shock waves in our economy.


The financial industry 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 William K. 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.

"Treasury Secretary, Paulson created a recommendation group to tell Treasury what they ought to do with AIG. And he put Goldman Sachs on it...Even though he had just been CEO of Goldman Sachs before becoming Treasury Secretary. Now, in most stages in American history, that would be a scandal of such proportions that he wouldn't be allowed in civilized society." -William Black

More as it comes.

1 comment:

Reedbeck said...

Happy Memorial Day brother! We're thinking of you and enjoying your blog and updates. We will see Kris in Vegas soon, then off to Seoul in mid June. You look great. Stay safe -Reed and Fam