Monday, April 6, 2009

What Went Wrong: Banksters!

Fraud is Deceit...I create trust in you, then betray that trust, and get you to give me something of value.  Calculated dishonesty revealed.

"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." 

BILL MOYERS: Welcome to the Journal.

For months now, revelations of the wholesale greed and blatant transgressions of Wall Street have reminded us that "The Best Way to Rob a Bank Is to Own One." In fact, the man you're about to meet wrote a book with just that title. It was based upon his experience as a tough regulator during one of the darkest chapters in our financial history: the savings and loan scandal in the late 1980s.

Take the time to click on the paragraph above to understand how banks have deliberately set out to make bad loans in order to produce great personal wealth in the bankers and CEOs of the banks.  

Be not deceived.  God is not mocked.  Whatever a man sows, that will he also reap.

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