"Fraud" Cause of Financial Collapse!

This is a must see interview that pierces deep into the real reasons behind the collapse of the financial markets, and why the so-called "bail outs" are corrupt.


Bill Moyers (respected American journalist) 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.

"Fraud is deceit. And the essence of fraud is, 'I create trust in you, and then I betray that trust, and get you to give me something of value.' And as a result, there's no more effective acid against trust than fraud, especially fraud by top elites, and that's what we have."

- William K. Black