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View Diary: Alan Grayson Launches: UnMaskTheFed.com (231 comments)

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  •  Kristina, thanks so much for this information, (9+ / 0-)

    and this alone needs a diary.  I would however like for you, and anyone else that wishes to be completely enthralled about how this all happened to view these two videos:  I learned so much, and it is worth the time, I can assure you.  

    On April 3, 2009 Black appeared on "Bill Moyers Journal" on PBS and provided critical commentary on the U.S. banking crisis.[3] In the interview with Bill Moyers,[4] Black asserted that the banking crisis in the United States that started in late 2008 is essentially a big Ponzi scheme; that the "liar loans" and other financial tricks were essentially illegal frauds; and that the triple-A ratings given to these loans was part of a criminal cover-up. He said that the "Prompt Corrective Action Law" passed after the Savings and Loan crisis mandated that ailing banks should be put into receivership. Black also stated that trying to hide how bad the situation is will simply prolong the problem, as happened in Japan's lost decade. Black stated that Timothy Geithner is engaged in a cover-up, and that the administration does not want people to understand what went wrong or how bad the banking situation is today.

    Black is currently an Associate Professor of Economics and Law at the University of Missouri-Kansas City School of Law. He was the Executive Director of the Institute for Fraud Prevention from 2005-2007 and previously taught at the LBJ School of Public Affairs at the University of Texas, and at Santa Clara University. Black was litigation director for the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and the General Counsel of the Federal Home Loan Bank of San Francisco.[2]

    http://en.wikipedia.org/...

    America is the only nation in history which miraculously has gone directly from barbarism to degeneration without the usual interval of civilization.

    by Badabing on Tue Oct 13, 2009 at 10:31:07 PM PDT

    [ Parent ]

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