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General News    H1'ed 5/19/10

The Financial REFORM As A Game Of Three Card Monte

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Phase three: Pick up the winner in your right hand. Use it to point to the two losers which are face up on the table, saying something like "You don't want either of these two cards, you want this one." As you point to the losers, press the corner of the winner down against them, bending it.

William Black, the former bank regulator who has exposed control frauds, and who says they are at the center of the crisis, also says he is being ignored by most major US media outlets. After a story about him appeared in FAZ, a mainstream German publication, he wrote: "It's interesting that while the video of my House testimony about Lehman, the Fed, FRBNY, and the SEC went viral on the web, led to Bill Moyers scrambling to interview me, and led to this FAZ interview it has not led to any story in the major U.S. press other than Bill Moyers Journal."

I have had a similar experience promoting my film Plunder The Crime of Our Time.

As you say "this", hold the winner up so that the spectators see the bend edge on. Make sure they see it! Drop the winner face down, turn down the losers, and do the bend corner switch described above. After doing this, you have a loser to your left with a bent corner, which they think is the winner, the winner in the middle, and another loser to the right. Now, pick up the loser on the right with your right hand, and the one with the bent corner on the left with your left hand. Hold your right hand still as you sweep your left hand over and drop the card with the bent corner to the right. As you make this sweep, glance up at your audience and you should see everyone's head move as they follow the card they think is the money card.

Germany is outlawing naked short selling. China is warning of a global crisis that is "more serious that we thought." A Federal Reserve official says our economy will suffer for years.

"A top Federal Reserve official, Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto, warned Tuesday that one consequence of the Great Recession will be a "new normal" in which Americans have lower expectations..."

May 19 (Bloomberg) -- The U.S. may fall victim to bond "vigilantes" targeting indebted nations from the U.K. to Japan in a potential second stage of the financial crisis, New York University professor Nouriel Roubini said"."

"History would suggest that maybe this crisis is not really over. We just finished the first stage and there's a risk of ending up in the second stage of this financial crisis."

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News Dissector Danny Schechter is blogger in chief at Mediachannel.Org He is the author of PLUNDER: Investigating Our Economic Calamity (Cosimo Books) available at See
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