Wiiliam Black / Max Keiser

[JohnQPublic]

http://www.youtube.com/watch?v=_txiRtAbeaI

[Plastic]

Weird, no sound on my end.

[keehah]

Worth watching, so here is a better quality version: http://www.youtube.com/watch?v=pdWo9Ob2DHc

http://en.wikipedia.org/wiki/William_K._Black

Background

Black is currently an Associate Professor of Economics and Law at the University of Missouri-Kansas City School of Law. He was the Executive Director of the Institute for Fraud Prevention from 2005-2007 and previously taught at the LBJ School of Public Affairs at the University of Texas, and at Santa Clara University.

Black was litigation director for the Federal Home Loan Bank Board (FHLBB) from 1984 to 1986, deputy director of the Federal Savings and Loan Insurance Corporation (FSLIC) in 1987, and Senior VP and the General Counsel of the Federal Home Loan Bank of San Francisco from 1987 to 1989, which regulated some of the largest thrift banks in the U.S.

Savings and Loan Scandal

Black was a central figure in exposing Congressional corruption during the Savings and Loan Crisis. He took the notes during the Keating Five meeting that were later published in the press, and brought the event to national attention and a congressional investigation.

According to Bill Moyers,
"The former Director of the Institute for Fraud Prevention now teaches Economics and Law at the University of Missouri, Kansas City. During the savings and loan crisis, it was Black who accused then-house speaker Jim Wright and five US Senators, including John Glenn and John McCain, of doing favors for the S&L's in exchange for contributions and other perks. The senators got off with a slap on the wrist, but so enraged was one of those bankers, Charles Keating — after whom the senate's so-called "Keating Five" were named — he sent a memo that read, in part, 'get Black — kill him dead.' Metaphorically, of course. Of course."

Published works

Black is the author of, among others, The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S&L Industry, 2005, University of Texas Press, ISBN 0292721390.

[Horn]

Is it still possible to even finger anyone anymore, soon they'll should be going on 5 years away from the actual instances

Statute of limitations will be up soon.

[keehah]

Is it still possible to even finger anyone anymore, soon they'll should be going on 5 years away from the actual instances

Statute of limitations will be up soon.
Its worse than that. Starting just after the 9 minute mark he explains what socieity has become.

Oldspeak (http://theoldspeakjournal.wordpress.com/2011/08/22/shock-doctrine-in-practice-the-connection-between-nighttime-robbery-in-the-streets-and-daytime-robbery-by-elites/): “When your most elite, most powerful members of the society adopt a strategy of plundering, then they will develop a morality that doesn’t simply permit plundering, but valorizes it. And when that happens, the moral structures of the society will inevitably deteriorate. In the upper classes that leads to polite looting. In the under classes that leads to street looting. -William K. Black

[Horn]

Its worse than that. Starting just after the 9 minute mark he explains what socieity has become.

Oldspeak (http://theoldspeakjournal.wordpress.com/2011/08/22/shock-doctrine-in-practice-the-connection-between-nighttime-robbery-in-the-streets-and-daytime-robbery-by-elites/): “When your most elite, most powerful members of the society adopt a strategy of plundering, then they will develop a morality that doesn’t simply permit plundering, but valorizes it. And when that happens, the moral structures of the society will inevitably deteriorate. In the upper classes that leads to polite looting. In the under classes that leads to street looting. -William K. Black

What's the problem?

I've never know a different world in my 42yrs.

[JohnQPublic]

Welcome to the third world fellow Americans.