Thursday, August 18, 2011

Who is Doing the Looting?

Sure low lifes are on the streets of the UK looting shops, but the bankers are in "the City" and doing their looting quietly via the big banks and their schemes to defraud the public and the government.

Here's the discussion in the Keiser Report on RT:

This is an excellent comparison how petty criminals are frog-marched and punished (jail!) while the fine-tailored banker criminals are patted on the head and excused (bailed out!).

The interview with William K. Black is well worth watching at 15:00 into the video.

Don't believe fraud at the top? Read this bit from the Washington's Blog:
SEC Attorney Reveals that Agency Has Shredded Documents for Decades to Cover Up Wall Street Fraud

What should we make of the new revelations by Securities and Exchange Commission attorney Darcy Flynn (background here, here and here) that the SEC has been shredding documents for decades?

As many commentators have noted, the SEC did this to cover up fraud on Wall Street.

The Entire Government Strategy Is To Cover Up Fraud

William K. Black - professor of economics and law, and the senior regulator during the S & L crisis - says that that the government's entire strategy now - as during the S&L crisis - is to cover up how bad things are:
The entire strategy is to keep people from getting the facts.

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