Triple aaa, the death threat.
Friday's video featured Nassim Taleb calling our financial leaders "literally incompetent."
friday 14 August 2009, by Greg Roy, found at stocksonalert.com
Hello ,
I hope your Monday is much better than average.
Friday's video featured Nassim Taleb calling our financial leaders
"literally incompetent." Today's video echoes that theme.
When talking about Timothy Geithner, Lawrence Summers, and other financial
"authorities," the speaker states, "They have no useful skills...
everything they did was wrong... their entire track record is of failure their
entire lives."
Now, I've been saying those things over and over, but I'm just a nobody.
However, the man in today's video has monumental credentials.
It's easy to dismiss what I say, but it is not so easy to dismiss what this man
says.
Who is he?
William Kurt Black. The former Director of the Institute for Fraud Prevention
now teaches Economics and Law at the University of Missouri, Kansas City. During
the savings and loan crisis, it was Black who accused then-house speaker Jim
Wright and five US Senators, including John Glenn and John McCain, of doing
favors for the S&L's in exchange for contributions and other perks. The
senators got off with a slap on the wrist, but so enraged was one of those
bankers, Charles Keating — after whom the senate's so-called "Keating
Five" were named — he sent a memo that read, in part, "get Black —
kill him dead."
You see, corruption runs deep in our financial system. And when a regulator with
a backbone takes his job seriously, those committing the crimes would rather
kill to keep their millions than be prosecuted, go to jail, and lose their
ill-gotten gains.
In the video, Bill Black tells of the death threat.
That was back in the days of the Savings and Loan "crisis." The total
losses back then: $3.4 billion. The total cost to the taxpayer: $0.
Today we are talking trillions of dollars, not a measly $3.4 billion. That's
chump change by comparison.
It's a long video, running over 90 minutes. But it's worth watching, and
definitely worth sharing with anyone you know who believes that our financial
and banking problems have been solved.
Back in his day, Bill got felony convictions on over 1,000 senior insiders who
committed white collar crime in the S&L scandal. And there were only 3,000
S&Ls!
And if you think corruption was rampant back then, wait till you hear him
describe it now.
Our financial system is absolutely loaded with fraud, corruption and rot.
That's not just me saying that, it's also the man that Ronald Reagan tasked with
cleaning up the S&L debacle.
My thesis is simple:
Get ready for Financial Crisis Round 2.
Nearly every forecast that I made earlier this year is unfolding daily in the
mainstream financial news: increased foreclosure rates, commercial real estate
sinking rapidly, unemployment rising, and other countries seeking alternatives
to the U.S. Dollar.
Round 2 of this crisis will be worse than Round 1.
This financial disaster is not over -- the financial system remains broken and
insolvent (watch today's video for all the proof you need), -- and to date
nothing in our financial system has been genuinely fixed, only covered up.
Our leaders are not taking proper corrective action, but simply lining the
pockets of themselves and their friends while digging a deeper economic hole for
the rest of the country.
Round 2 of this crisis is going to be a much, much more severe calamity than
what we’ve seen so far. Please, please take action to prepare now, while there
is still time to act.
Very soon, that time will have run out. I believe August will be the last month
of relative calm before the upcoming storm.
Americans simply NEED to know about the con that is going on within the
financial system, and about the crisis that is about to befall them.
Americans also need to know that when Round 2 hits, the solution is not to give
the wealthy money men and their cronies trillions more in bailout money courtesy
of every hard-working American.
We should not be giving the very same people who caused this crisis more money
and power.
We should prosecute white collar crime, not reward it!
At StocksOnAlert.com, I’m not only dedicated to keeping you informed about all
the behind-the-scenes details of this unfolding financial disaster, but to help
you successfully navigate through it by providing accurate and objective
financial information -- so that you and your loved ones will emerge on the
other side of the crisis with much more wealth than you have today.
Unfortunately, most gullible Americans will be driven to the poor house by the
broken actions of our broken government.
In the meantime, insiders and their cronies who are well-connected are running
off with trillions of dollars, courtesy of the soon-to-be broke U.S. Taxpayer.
Of course, I will be continuing to sound the alarm every step of the way, and I
may even get some help from a former bank regulator who was willing to do his
job in spite of a death threat.
Have a great day!
Greg
P.S.: Read also Golmann Sachs next Pump and Dump Scheme pdf report
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