William Black, author of “The Best Way to Rob a Bank is to Own One”, professor of Economics and Law at (that bastion of Fascist, Communist, Socialist, Leftist thought) the University of Missouri-Kansas City makes the following assertions:
• Today, in 2011 there are 1/8th the number of the FBI agents working a financial crisis that is 70 TIMES larger than the ‘Savings & Loan’ crisis of the 1980s. (The largest scandal in U.S. HISTORY, at the time.) Said FBI agents are NOT looking at the ‘Big Folks’ (CEOs, CFOs) on Wall Street but rather at the ‘little folks’.
• Mr. Black and the other Savings & Loan investigators made “over 10,000 criminal” prosecution referrals in the 1980s compared to the Bush/Obama administrations which have made zero (0) prosecution referrals as of 2011. For a crime wave that is 70 times larger.
• In Sept 2004 (Bush Administration and 100% Republi-con TOTAL control of the U.S. House/Senate) the FBI warned, in open testimony in Congress that there was (currently!, 2004) an “EPIDEMIC OF MORTGAGE FRAUD” that would cause a “financial crisis”.
• The ‘Alan Greenspans’ of the world (TOP financial REGULATORs) were chosen to occupy their jobs BECAUSE they were the “leading OPPONENTS of EFFECTIVE REGULATION” ….. so guess what? They did NOTHING in 2004 and we ‘got’ the current economic crisis for some and the current Depression for many others.
William Black on Jailing Bankers:
http://www.youtube.com/watch?v=4XJe7O-3QBc&feature=player_embedded#!
To learn more click below (ignoring the first minute or so):
http://www.alternet.org/newsandviews/article/683470/former_financial_regulator_william_black%3A_occupy_wall_street_a_counter_to_white-collar_fraud/#paragraph2
Further interview on MSNBC's Dylan Ratigan program with William Black & David Degraw:
http://www.youtube.com/watch?feature=player_embedded&v=Y3oP1aN5FVM
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