Thursday, April 9, 2009

The ponzi of ponzi schemes. And you thought Madoff was bad.

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, Bill Moyers sits down with William K. 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.

This is a very revealing video. Don't watch it unless you have time to listen. It's 30 minutes long. So grab a cup of java, then click the link.

"Fraud of unparalleled magnitude"

Listen to this interview with Dylan Ratigan before his job ended at CNBC.