Collusion between the government and the financial sector to cover up the perilous state of the banks’ balance sheets has been a running theme in the current economic crisis. As I mentioned in my previous posting on the foreclosure fraud mess, it appears that the scale and scope of systemic fraud that has been uncovered by the foreclosure fraud scandal may simply be too great and widespread to be papered over any longer. In one of the most revealing news segments I’ve seen in a while, MSNBC’s Dylan Ratigan spoke with blogger Lisa Epstein and savings-and-loan scandal regulator William K. Black this afternoon, and Black gave a rather detailed and fiery explanation of what’s going on these days. The video is well worth watching through to the end:
Fantastic, do watch if you have the time.
No comments:
Post a Comment