Monday, April 6, 2009

"Liar's Loans" And The Rating Agencies

http://www.alternet.org/workplace/135161

Please take the time to copy down this link and read this story, an internview by Bill Moyer with William K. Black. Bill Black gives you in one interview what I have been writing about for more than a year now. This professor of law and economics knows what he is talking about and Americans need to read this.

3 comments:

moneythoughts said...

Not only did I read the whole interview with Bill Black, but I printed out the complete interview, wrote a hand written cover letter and sent it to President Obama. If the Obama administration gets enough copies of this interview in the mail, letting them know that people are getting the word on the fraud the banks, the investment bankers and the credit rating agencies played on the American people, I think we may see some action on this issue. We have the power to ask our government to take action and not to bury this fraud on the American people. The whole effort cost me a little ink, paper, a large envelope and $1.15 postage. Who wants to join me and send this interview to The White House?

Unknown said...

I'll do it. Bill Moyers is a respected voice in D.C. - rare for anyone who has actually spent any time there. And I'm a big fan.

moneythoughts said...

Now if we can get another 998 people from around the country to do the same things, I bet they get concerned. That interview should get some play on the TV news programs, but I am sure it will not. There is some really big money behind this fraud and the guilty don't want to see the inside of a court room.