All DUers should be watching William Black on Bill Moyers now

[malaise]

This is some crazy fraud that went down.

[malaise]

1. Says it was all one grand Ponzi

and it was all fraud enabled by Bush's rating agencies.

[L. Coyote]

16. Sharing the Blame for the Economic Crisis?

April 3, 2009
Sharing the Blame for the Economic Crisis?
http://www.pbs.org/moyers/journal/blog/


Discussing the roots of the economic crisis with Bill Moyers on this week’s JOURNAL, former regulator Bill Black said that much of the blame lies with lenders for issuing “liars’ loans,” in which borrowers’ claims about their financial situation were not verified.

[omega minimo]

2. kickin it with Bill

:hi:

[malaise]

3. Hi there

:hi:
This is freaking scary.

[omega minimo]

5. PST here, lookin forward to it

[slipslidingaway]

4. Watching....FBI warned of mortgage fraud in 2004, who could

known.

:shrug:

Speaking of Brooksley Born now and the involvement of Summers, Rubin and Graham on the law to not regulate derivatives.

[malaise]

7. Shit UBS now

we gave them $5billion after they defrauded the government so the taxpayers paid the fine.

[slipslidingaway]

11. Yeah that was nice n/t

[AnnInLa]

6. I am......kick!

Doesn't relate to much of anything, but guess what I bought some time ago? One of those little bitty 8" TVs to put on my computer desk so I could watch political TV the same time as I cruise the lefty websites. It has a great, sharp picture....can't believe I'm so pleased with a TV, of all things. Anyway, nice to watch Bill Moyers and be here on DU at the same time without even having to turn my head...talk about lazy!

[malaise]

8. Perfect

Geithner is covering up for them.

[slipslidingaway]

9. Geithner -"I've never been a regulator" We know :( n/t

[erpowers]

10. Why Are they Not in Jail

This makes me ask why is the government not suing these people. It seems that a number of the people involved in this finanical crisis should at least be under investigation with the government threatening to sue them.

[malaise]

12. Biggest cover-up in history

because they're scared shitless. I think it's because of the international implications but truth will out.

Bush fucked this country beyond belief and Obama needs to expose it.
AIG was being used to bail out the favored banks.

[SeattleGirl]

13. It's a little difficult when it's only 6:30 on the west coast.

:)

[malaise]

14. Don't miss it

The most elite institutions in the country were engaged in fraud.
And it didn't need to happen at all.

Get rid of the people who caused the problem. Stop hiding the losses.
Wow -that was scathing.

add.

[Delphinus]

43. Will find online.

Thanks.

[lordsummerisle]

20. I know what you mean...

you have to have patience on the West Coast.
I often get annoyed when I sit down to watch the previous evenings Daily Show and there's already a DU discussion about that day's show going on that I won't be able to see until the following day...

[chollybocker]

15. Thanks, malaise

Just flipped over; heard: 'The Reagan administration's role was to cover up the losses.' Yessiree!

[malaise]

17. You can watch the entire half an hour here later

http://www.pbs.org/moyers/journal/04032009/profile.html

[slipslidingaway]

18. Hedge Fund Paid Summers $5.2 Million in Past Year

posted the link in that thread, thanks.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=8319145&mesg_id=8319145

[malaise]

29. Thanks for that link

Shakes head.

[proud patriot]

19. not on til later here on the west coast

:hi:

[Gin]

21. Geithner....-"I've never been a regulator" ...truer words were never spoken

[lonestarnot]

23. What time and where? PBS?

[proud patriot]

30. yes

http://www.pbs.org/tvschedules/

[corpseratemedia]

22. great show the whole thing

including interviews with Glenn Greenwald and Amy Goodmann regarding the msm after that.

[malaise]

26. They were great n/t

[scarletwoman]

24. Oh, I am SOOOO pissed about all this!

Don't anyone DARE tell me not to criticize Obama about the bullshit bailouts of Wall Street! I'll tear their fucking heads off!

Good grief, we are SO being screwed! :nuke:

[scarletwoman]

25. *kick* (nt)

[bbgrunt]

27. Krugman, Stiglitz, Galbraith, and now W. Black all saying the same thing--

It must by now be apparent that Geithner and the rest of this bunch of gangster must go.

[malaise]

28. Yep

Black scared me the most.

[scarletwoman]

31. Yes, but you're not supposed to object -- it makes you an "Obama basher".

:argh:

sw

[malaise]

32. Since when did we care who objects

I don't even argue with them. I just post my views - who dislikes them tough.

It's time for the truth to be made public. The cover-up and allowing the corrupt foxes to guard the hen-house won't work.

[EFerrari]

40. Oops!

[IDemo]

33. I missed Black to cook dinner

but Glenn Greenwald and Amy Goodman are a great duo in speaking about the duties of a free press.

[EFerrari]

34. Glenn and Amy ROCKED the house. (And, the Black interview

is on Bill's website to stream.)

[L. Coyote]

35. Starting now on the Coast

[Duppers]

36. k and r nt

nt

[merkins]

37. WOW .. Unbelievable Riveting Interview !

I had to keep pausing the video and backing it up to re-listen .. I just could not believe my ears to what I was hearing. I truly think we are at a fork in the road for this nation, and if we let this whole crap load of fraud and deceit continue we are just another gangster capitalism state along the lines of Russia, and we've lost the Republic. I love and voted for Obama, but this is just as damning on him as it is on Bush. This video needs to be disseminated as wide as possible and maybe it will help light a roaring fire in the House of Reps or failing that the citizens with pitchforks in hand.

[Blue_In_AK]

38. That was amazing.

Now what do we do about it?

[malaise]

39. For starters send it to everyone we know

including Rachel and KO

[Solly Mack]

41. Thanks!!! for the links and everything!!!!

K&R

That was good!!!!

[DKRC]

42. Emailed the link to everyone I know

and hope it goes viral.
We're probably going to crash PBS when everyone hits it.