Part 1:
William K. Black, former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s, gives his analysis of what went wrong on Wall Street and his critique of the Geithner bailout. Nobody has been arrested, no "crime" has been identified.
After the dot.com bust the criminals were duck-walked in front of the cameras so that people could see justice in action. This time around the bankstas are demanding their bonus money! This time crimes as a hundred tims as large, and the government has rolled over and said, take the money! Worse, the government -- via Geithner's bank plan -- is pleading with the bankstas to come up with more fraud to "solve" the economic crash. Funny!
As Black points out, there are currently one-fifth the number of FBI agents investigating fraud in this Wall Street crime spree compared to the number of agents investigating the Savings and Loan fraud of the 1980s.
Part 3:
Notice that Black makes the following charges:
- The administration has broken the law by not putting these banks into receivership.
- Congress and the Administration have failed to call for a Pecora investigation.
- Both the Bush and Obama administrations have hidden their actions with AIG to funnel money to favoured banks.
- They have not gotten rid of the people that caused the problems: the CEOs and CFOs and high executives that caused the problems.
- They continue to hide the losses instead of finding out the real losses.
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