The Great Geithner Coverup
Economist William K. Black of the University of Missouri appeared in an interview on PBS last week with Bill Moyers. He pulls no punches in spelling out who is really responsible for our current economic disaster, and why our own Treasury Secretary is leading the charge to keep the truth covered up. Please be sure to watch the full interview (link below) and share it with all your friends. HOMEWORK: Full Moyers interview with WIlliam K. Black: www.pbs.org Raw Story article that inspired this video: rawstory.com ###
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ANd do tell me, how does Blacks thesis hold up
if applied to Fannie and Freddie.
Looks like the same thing to me. Yet, the American public is STILL quite about the continued losses that pile up daily at Fannie and Freddie.
with regulation there would be no boom . no regulation was a deliberate stratergy by the brokers , ceo’s & all the way past paulson & white house! they could have had regulator bodies years ago.. why dont the experts do the right thing? because thier all enjoying your money buying and selling amongst them selves. rating agents faulsifying the credability of toxic loans, increasing the borrowers debt which in the end thier mortgages & loans should have been protected and not held responsible!
Bernanke, Geithner, Rubens, Summers, Goldman Sachs, JP Morgan & the Federal Reserve Bank know exactly what they are doing by collapsing the US Dollar:
The purpose of this financial crisis is to take down the U.S. dollar as the stable datum of planetary finance and, in the midst of the resulting confusion, put in its place a Global Monetary Authority [GMA - run directly by international bankers freed of any government control] -a planetary financial control organization” – Bruce Wiseman
Currently, the world is forming ad-hoc currency baskets for trade in order to get away from the contamination, which is the US dollar, (google: Shanghai Organizational Coop); & setting up for a new World Order Currency
Meanwhile, the USA has Stockholm Syndrome, where the terrorized population through Obama actually supports their terrorist: Last week Obama is actually giving more power to their captors, the Federal Reserve Bank, rather than prosecuting them
European & American state aid is interlocked into the International Bank of Settlements, which is tied to World Bank, which is tied into the IMF, which is like all things: Tied into Goldman Sachs!
AIG is run by Edley of Goldman Sachs!
All roads lead to: Goldman Sachs!
Why don’t sheeple want to be independent of Goldman Sachs & JP Morgan?
Instead their lives are dictated to by a bunch of arbitrage wielding sycophants & sociopathic criminals who profit by destroying the system!
Hidden from news last week:
Americas 6th largest financial collapse: Colonial Bank!
The FDIC is run by Sheila Bair, a Lawyer, and the dean at the Isenberg Institute. Her and her staff of Zio-clowns are not about to arrest the directors, the executive management, the auditors, or the investment oversight board.
This clueless clown belongs behind the counter of a McDonalds. He is cooking the ‘Health Scheme’ where doctors, hospitals, and Hispanic immigrants get a $ trillion dollars.
Take money from the competent & give to incompetent?
Daschle, Killefer, & Geithner tax-cheats!; Berney Madoff fraud; Barney Frank was arrested for running a male prostitution ring from his own house when he was supposed to have oversight of Freddie Mack; Sen Dodd for mortgage fraud; US Trade Rep Ron Kirk a tax cheat; etc
Tax-exempt foundations are used to conceal and protect wealth from taxes, and to reward corrupt politicians who “went along.”
Is it now time American citizens break the law?
legal principles called rights can be used to determine what is too much. Its a common practice in many countries actually.
individuals deciding how they want to live is another concept called freedom
don’t you see the inherent problem with statements like “less dictating”…I mean like you said, who gets to decide what is too much? well I’m a firm believer, of letting Countries set up their own system, Socialist, democracy etc. and let individuals decide where and how they want to live instead of trying to get everyone to live under one system…
I am all for laws that establish and protect rights
this does not mean having no laws
but it definitely means less dictating to others who they should live their lives.
i totally understand, appreciate and vehemently disagree with you…because what you’re basically saying is you want to live in a world with NO laws, and have people do whatever they please…I think if you really sat down and considered what type of world we would have with no laws, rules or regulations, you would be able to envision what type of chaotic world this would be.
i’m challenging the whole concept of “public” airwaves. Why should government be deciding what is transmitted through the air when it does not have the right to decide what words can come out of your mouth?
The question is a moral society according to who? Are you against free speech if people are going to say things you think are immoral?
People have the right to express themselves. There is no right to interfere with the expressions of others.
so you don’t think there should be any allowances and prohibitions on what can be said over public airwaves? are you telling me that it should be left up to the individual and anything goes? I can’t see how you can create a moral society this way…You can’t have it both ways…you can’t have a moral and ethical society while letting any and everyone to do what he wants…there has to be some guidelines, some parameters…no?
The problems begin when rights are violated. When regulation violates someone’s right to their property, its wrong.
For example, instead of deciding for itself what should be done with the airwaves, the FCC should enable ownership of the available bandwidth and ensure these are not violated and that their use does not step on other rights.
There is no justification for regulating what people can say over these airwaves anymore than there is for printing press police.
i appreciate where you’re coming from…I view LAW as regulation…..but I guess what you’re saying is when regulation contradicts law, the problems begin…I agree with that wholeheartedly…Regulation in my opinion should compliment LAW not provide loopholes for it…so my overall point was regulation in and of itself is not a bad thing if used properly…I guess the proper use has been our problem throughout the years
There is a proper role for LAW and that is the enforcement and protection of basic rights.
Not imaginary rights such as the right to force someone else to pay for your health care, but real rights like the right to own a printing press and do whatever you please with it.
regulation is interfering with business arrangements people make amongst themselves. regulation is government using force to decide things rather than people deciding for themselves what they will do.
Also, Congress makes laws, while regulations are written by entities like the FCC and these get arbitrarily changed all the time when a new president comes in. So regulations are really against the rule of law. Legal principles re not followed, but decisions of appointed officials are.
things never change until the moment that they do
i see no problem with that…bad businesses should be allowed to fail..but that has nothing to do with what i was talking about…
you regulate by letting bad business fail, this flushes out the system… not by bailing them out and then creating new “rules”
if you open a small business and you dont make money you fail and another person takesover and tries to turn it into a profitable business. this is what drives competition, creativity, and productivity.
I agree it can be changed and I hope eventually it will…I dont expect that to happen any time soon.
That doesn’t mean the decision making system cannot be reformed to interrupt these bad patterns.
That takes an education project to be sure, but it can only begin when people believe it can be done.
I agree that the current system is not free market capitalism.
But I would argue that the current system is the inevitable outcome of unregulated capitalism – where economic and political power is usurped by a small elite.
What looks like gov interference is really the elite using gov to their own advantage.
The laws are passed in congress, but the will driving what is passed is outside in the think tanks and lobbies of the elite.
Your politiciians are hostage to the elite.
I guess capitalism is unviable IF you think the current American system is capitalism. It is not!
Capitalism is limited government and a free market. We don’t have either. In a free market, government doesn’t manipulate interest rates to create financial bubbles.
In a free market, government does not lend money to people regardless of their ability to pay back. It doesn’t lend money at all.
No, this is not capitalism.
It is really is a mess and difficult to see how it can be fixed. PR is probably better I agree.
Capitalism as we have it today guarantees rule by a financial oligarchy. Power concentrates in few hands. Capitalism is a flawed system; and I believe it is not viable going forward.
I tthink the oligarchs know this too and their NWO will be basedd on a different system.