Economist: US collapse driven by ‘fraud,’ Geithner covering up bank insolvency
In an explosive interview on PBS’ Bill Moyers Journal, William K. Black, a professor of economics and law with the University of Missouri, alleged that American banks and credit agencies conspired to create a system in which so-called “liars loans” could receive AAA ratings and zero oversight, amounting to a massive “fraud” at the epicenter of US finance.
Obama Wants to Control the Banks
I must be naive. I really thought the administration would welcome the return of bank bailout money.
• Worse Than The Great Depression... Hyperinflation Is Coming! Own Gold & Silver! Real Money-Real Protection!
Stiglitz: Bank Plan Makes Taxpayers Suckers
Nobel laureate economist Joseph Stiglitz lambastes the Obama administration’s plan for ridding banks of toxic assets as a boon for Wall Street and a bust for Main Street.
Mass protest in Rome over financial crisis
Several hundred thousand workers, pensioners, immigrants and students filled a Rome park on Saturday in protest at the Italian government’s handling of the financial crisis.
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