The Great American Bank Robbery - William Black

The Great American Bank Robbery is a lecture by William Black, a professor of economics and law, a former regulator, and author of The Best Way to Rob a Bank is to Own One.  This video features about one third lecture, one third discussion with the moderator, and one third Q&A with the audience.  

*(If you are unfamiliar with the with the subprime mortgage-CDO-CDS debacle check the primer below the video)

He covers the sheer insanity that we currently face in the realm of the subprime mortgages, their derivatives, and the total and complete fraud in the corporations, regulators, and government agencies involved.

Jaw-dropping, mind-blowing stuff.  Ignore it at your own peril.

*If you are unfamiliar with the with the subprime mortgage-CDO-CDS debacle check out this primer:
http://docs.google.com/present/view?id=ddp4zq7n_0cdjsr4fn

Although I despise Glenn Beck, he does a decent presentation of how Goldman Sachs is our Treasury department and the roles Goldman and AIG played in this whole mess


If all this seems just too much to be true, read any three articles from The Market Ticket and you will see that, in fact, not only is it true but it is still happening and it is accelerating.