Sunday, April 05, 2009

Economist: US collapse due to fraud, Geithner covering it up

In an explosive interview on PBS' Bill Moyers Journal, William K. Black, a professor of economics and law with the University of Missouri, alleged that American banks and credit agencies conspired to create a system in which so-called "liars loans" could receive AAA ratings and zero oversight, amounting to a massive "fraud" at the epicenter.

read more | digg story

No comments: