WILLIAM K. BLACK: "FIRE HOLDER, FIRE GEITHNER, FIRE BERNANKE" 10-25-2010

[emilnomel2009]

Dust off the guillotine, and sharpen the blade!

[Yelzoe4]

Great interview!  CNN would have done differently...

Bill Black offers a much more comprehensive approach to this criminal and apocalyptic fraud banksters manage to hide for years

[crlwllns]

About 1 year later, "b.of. a., along with j.p.morgan, unloaded their derivatives (gambling bets?) onto the f.d.i.c." I heard that when euro/zone fails, the american taxpayer will be holding the bill, ! (Sounds rather criminal, & NOT even ask the people 1st?)

[dejanvul]

@TheRedCapitalist

The rule of law is the "past glory, outdated legal principles and paradigms" which - not Bill Black - is "harboring a worthless sense of morality". If you're happy about that executed "final solution to the-rule-of-law problem", then you're the one who's glorifying even earlier "past glory"? :)

Maybe Mr. Black would sound more convincingly to you if, instead calmly displaying facts, he exaggeratedly emphasizes a bunch of baloney, just like, i.e., "the philosopher" Ayn Rand? :))

[chervilant]

Countrywide marketed "SISA" loans. SISA stood for 'stated income, stated assets' and allowed potential homebuyers to "state" their incomes and assets, without being required to provide substantiation!

The sub-primes created by the Big Five lenders (Washington Mutual, Chase, Wells Fargo, Bank of America, and Countrywide) were a bad idea from the get go.

[chervilant]

"We've allowed perpetrators and predators that are abusive and dangerous to take over and inflitrate the very fabric of America. They've violated our constitutional rights and we need to wrest whatever we have left of the American Democratic Republic out of the hands of these criminals."

So TRUE.

[4390100]

They cannot arrest these people because their crimes are too big to fail.

[dawoderpfeffer]

Why should Holder, Geithner and Bernanke get fired?

They did EXACTLY the job they were supposed to do.

Just not the job they were signed up to do ;-)

[whereismybailouttv]

Fire Geithner. Then fire Ratigan.

[centurion180ad]

Here we go, nonattorney strait talk.

[Beingreal40]

William Black- They only one left in America you can trust to tell the truth.

[zmcg]

@Beingreal40

Actually some other good people to listen to are Seymour Hersh, Chris Hedges, Michael Hudson, staff of The Nation, and Democracy Now, and probably many others I have yet to discover.

[Beingreal40]

@zmcg

Thanks.

[andmaketherain]

I respect and admire William K. Black. I am surprised they have not assassinated him.

[farmboycarl]

Just imagine how great this country would be if we lived under the protection of the laws Mr. Black proposes enforcing. It is a national disgrace that the majority of the legal profession provides no more service to the victims of these crimes than to charge us fees to process the loss of our homes. This government has failed in its duty to protect its citizens, and it should be removed by any means nessesary. THANK YOU DYLAN!

[pretorious700]

@farmboycarl Money changes everything. I know it's a cliche', but if you look at the history of human nature, governments begin to fail when the leaders discover they can raid the public coffers and buy power.

[mandaladouble]

@farmboycarl Fuck the government, what about the bankers?

[eyewitness043]

Great stuff.

[agenthelios1]

Bernanke is a dog shit !



[blaster904]

Bill is the man. He once showed up to a class wearing a polo w/ Keynes on the print. He isn't a link in the chain... he is the chain.

[Wreckoncile]

I personally abhor the TARP and bank bailouts and don't think it is a legitimate govt power. However, it should be noted that the people that are getting foreclosed on are the precise ones who perpetrated the fraud in the system by pretending to have income higher than they did in order to qualify for a home that they couldn't afford. Such people need to be foreclosed on, those properties liquidized in order to ascertain the market bottom, and only then can the recovery truly occur.

[TheRedCapitalist]

a lowly journalist, a poor (associate) professor and a housewife with speech impediments and literacy issues. whining about the most powerful institutions in the world. hahahaha, good luck, peasants - you will all starve to death before there is any recourse.

[radicalsquare]

@TheRedCapitalist

You will be rightfully embarrassed once you bother to look up who William K. Black is. His research was directly responsible for 1000s of prosecutions during the Wall Street scandal in the 80s. He's a former regulator, a lawyer and author. He's arguably the most qualified to discuss this. Before you start insulting people you should look at your ignorance.

[TheRedCapitalist]

@radicalsquare

my point has nothing to do with his qualifications or performance. whether he was successful for prosecutions during the S&L crisis is irrelevant. fact is, he is still a poor associate professor. and now in the age of regulatory capture and forbearance, his work is not even remotely relevant any more.

a true dinosaur - still clinging to past glory, outdated legal principles and paradigms - and worse, harboring a worthless sense of morality.

[radicalsquare]

@TheRedCapitalist

I don't care what your point is regarding Mr. Black being a "poor associate professor" or a woman stumbling over a few words somehow, for if you choose to engage in this discussion on such a petty, irrelevant level of discourse, offering nothing constructive, you obviously don't care about spreading information about the level of fraud in the banking system and Wall Street. That is what this story is about, yet you only offer personal insults and offer nothing substantial.

[TheRedCapitalist]

@radicalsquare

I do care. Its great - and I hope it goes on and on in perpetuity. As a side show, I'd be more than happy to watch peasants like you die face down in the mud.

[rollingklouds]

>peasants like you die face down in the mud.

If your Chinese peasant ancestors did just that, you didn't have to watch others do the same.

>now in the age of regulatory capture and forbearance...

That's what the drunk driver said to the police officer at the time arrest.

>harboring a worthless sense of morality...

That's what the commander of imperial army of Japan scoffed about in Manchuria.

>clinging to past glory

but clinging to the hope for a future 'glory...

Macro: Musical chair

[chisler000009]

@TheRedCapitalist You're such a fucking chicken shit it's incredible .....

[rollingklouds]

@radicalsquare I like the term late Sherman Skolnick used to call the big-thieves, Lowlives.

Interesting that the guy calls Bill Black a 'poor associate professor.'

A pretty 'lowlife' comment.

Inferiority complex is right underneath the superiority complex; it works as their foundation. A truly honorable person cares to have neither.

Right?

Right!

: )

[chisler000009]

@TheRedCapitalist It's always funny to see pathetic wannabe's like yourself. You're the worst breed of loser. Actually willing to suck corporate cock, and betry the most basic principles of morality because you're dumb enough to think that it might, someday, pay off. Buddy, everyone wants to hang with the cool rich kids, I understand .... but at some point you should probably take a good honest look at yourself, pour a nice warm bath, get inside of it, and slit your wrists .........

[TheRedCapitalist]

@chisler000009

oh what, you are some tough guy? come after me then asshole - because i will be taunting your stupid ignorant peasant face in perpetuity. haha. and yes, you will die face down in the mud along with your retarded family along with all the other peasants.

[pretorious700]

William K. Black didn't go far enough. Impeach Obama. Who hired these crooks?

[seesitnow4sure]

Dont fire them , arrest them.

[mandaladouble]

@seesitnow4sure What about execution?

[andmaketherain]

@seesitnow4sure What about capital punishment?

[andmaketherain]

I am surprised they have not assassinated William K. Black yet.

[lindirig]

Our GVMNT is aiding and abeting this syphilis!!

[davids11131113]

FIRE GEITHNER FIRE BERNANKE, AND ARREST THEM!

[scottblur]

they need to replace the word"fire" with "lynch" !!!

[davids11131113]

@scottblur I agree, although Im in favor of a 2 minute fair trial for tham all before theyre lynched up, just for shits n giggles.

[early2it]

Fuck America we need to defeat these assholes once and for everyone

[Doenietmeermee]

over the years mr black starts to look as a real sailor in the morning waking up on deck in force 9 :)

[FrancescaGianna]

If tomorrow all the things were gone, Id worked for all my life. And I had to start again, Id thank my lucky stars, to be livin here today. Cause the flag still stands for freedom, and they cant take that away. And Im proud to be an American, where at least I know Im free. And I won't forget the men who died, who gave that right to me.

[drkevincampbell]

Bankers really don't care. They will continue to steal and the government will do nothing. Why? Because the bankers own the government. Nothing will ever change. American people are debt slaves from cradle to grave.

[fee1776]

It is going to be tough for the average citizen to demand justice because the ruling class will stifle the effort. However the bankers (one faction of ruling class) did screwed another group of ruling class (investors). Let PIMCO, Blackrock and other major investors sue the crap out of the banks with mortgage security putbacks. Maybe some ambitious state attorney general might make some prosecutions. Other then that it will be tough.

[thugsugly]

There all broke already. HSBC BOA are insolvent. There all fall guys.

[centervilletn]

BOA is going to be the fall bank for all the toxic assets that didnt get cleared up with tarp.

[Hendo1974]

Bankers with syphillis!LOL!

[MrKillswitch88]

@Hendo1974

Who knew it was even possible hahaha, let the bastards rot from the groin on up.

+1

[bertly71]

@Hendo1974 They are in the brain deterioration stage and close to madness.

[yaplonglong]

Unknown to the US public - mortgage backed securities were packaged as AAA+ mini-bonds sold to the Asian public through local banks. Mas and pas bought them for their retirements. When Lehaman Bros went down under, the mini-bonds also went up in smoke. The holders (earning a paltry 4%) sued the banks; in the end they paid up - 50cents to the initial $. Not only the banks were making off with the people in the US, they also scammed the people in the world. I hope they will catch up with them.

[ANTIDALLARD]

Thanks Tray

[emerson134]

Yeah let's starve some savers for some more champagne & caviar! Geez..why didn't we think of this before?!  Duh!...

[michielma]

FIRE these lying fraudsters! They profit, the people hurt!

[Bozo1360]

@michielma

Fire?

Throw their asses in prison where they belong!

[michielma]

Its just a human mistake, a minor hiccup, oeps! Just a paperwork glitch. Yeah right, outright FRAUD you mean!

[scanlonized]

I knew it was all fake. Just like QE1 and QE2... it's all fake. Stock market just a big ole ponzi schem. Madoff aint got nothing on these clowns. Larceny

[BeantownJim]

$250 million in TARP to Fannie/Freddie Someone call Dodd or Frank or Maxine Waters