This is worth watching. Former S&L regulator Bill Black guested on Bill Moyer’s Journal recently and the discussion they have about the mess in the economy, how it was driven by fraud , and how the work now to fix the problems continues down a fraudulent path. Anyone surprised by that? I certainly hope not.
Black was the S&L regulator who named names during the S&L fiasco, naming some US Senators, including John McCain, for their roles in that mess.
Black doesn’t pull any punches and I’m sure what he says will get your blood a boiling. It should.
The transcript of the interview is here and the video of the interview is here..
