US collapse driven by ‘fraud,’ Geithner covering up bank insolvency


In an explosive interview on PBS’ Bill Moyers Journal, William K. Black, a professor of economics and law with the University of Missouri, alleged that American banks and credit agencies conspired to create a system in which so-called “liars loans” could receive AAA ratings and zero oversight, amounting to a massive “fraud” at the epicenter of US finance.

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One thought on “US collapse driven by ‘fraud,’ Geithner covering up bank insolvency

  1. Pingback: William K. Black Criticizes the Bailout Plan — Might Destroy the Obama Presidency « RECLAIM.org

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