Professor William K. Black explains everything you ever wanted to know about the mortgage-crisis & financial meltdown that the bullshit mainstream news media will never tell you: It was and is a fraud problem, not a business cycle problem. And CEOs, their lobbyists, and bought-off members of Congress are the ones who are ultimately responsible.
In this videoclip he lays it out to the Occupiers in L.A. and does it better than it's ever been done before.
"What caused the financial crisis? The Big Lie goes viral" -- Vampire Banker Hunter, Barry Ritholtz exposes the monumental lies of the banksters.
The Keiser Report: Max Keiser discusses Barry's article with Barry himself in this videoclip. It is the second segment on the video, and it is excellent.
More on the $600 million theft/fraud of MF Global and its CEO, John Corzine. Warren Edward Pollock explains how "The Court Closed the Door To MF Global Customers." Major players like MF Global are desperately trying to make sure that fraud charges will never stick. For if they did, it would lead to potentially enormous losses in the derivatives market. And that ain't gonna happen -- not as long as the courts stay bought. As Thom Hartmann explained in a recently emailed newsletter:
According to a new report released by several voting rights groups, corporate special interests organizations are spending huge amounts of money to influence state supreme court elections. Just three pro-business groups -- the Ohio Chamber of Commerce, the Business Council of Alabama, and the Illinois Civil Justice League -- have spent 13 times more money on judicial elections than has the ENTIRE national labor movement.
What are the expected results of this corporate buyout of the courts? Ever more court decisions will give corporations the right to pollute, to mettle in politics, and even to engage in genocide abroad, with immunity from civil suits.
So much for an impartial judiciary -- we are now on the verge of having a corporate judiciary.
Stop the corporadoes and banksters before they completely end our democracy: End the Fed
According to the U.S. Constitution, Congress is supposed to create and control our money supply. So why doesn't it? The power to create and control the supply of money is the most important human power on earth. So why did the US government, in direct violation of the U.S. Constitution, **give it away** to a privately-owned third party, a cartel euphemistically and misleadingly named the U.S. Federal Reserve Bank? And are we not, now, paying the price -- a very steep price indeed -- for this enormous mistake, this colossal violation of the US Constitution?
This violation, this enormous mistake, has led to vast indebtedness, of our country and many of us individually, all of which indebtedness serves no other purpose than to feed our bankster elite, steadily and continuously transferring an enormous share of our national wealth (the fruits of our labor) into their private accounts. They are like parasites that are in the final stages of bringing down their host. And we are their host and witless victims. Collectively, our society and our nation currently serve as their host.
In this video, Libertarian presidential candidate, author and documentary film maker Bill Still explains the details of what has happened and what must be done. He traces through the roots of our nation's, and the world's, main financial problems, and provides a plausible solution to these problems.