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Sunday, March 24, 2013

Bill Black : Financial Fraud From Cyprus to London to New York



The financial industry brought the economy to its knees, but how did they get away with it? With the nation wondering how to hold the bankers accountable, The Real News interviews Bill Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of what went wrong and his critique of the bailout.
"If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Thomas Jefferson
NEWS ON BUZZ
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