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Moyers 1/3: Sharing the Blame for the Economic Crisis?

April 3, 2009 Bill Moyers Journal Sharing the Blame for the Economic Crisis?... William K. Black, former senior bank regulator  
 
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bobbincygna (7 months ago) Show Hide
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really bad loans pay better?

What is he talking about?
goatfish07 (7 months ago) Show Hide
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Bad loans are riskier loans. Because of higher risk, higher interest rates are placed on the loan. Higher interest rates mean more money for the lender, thus they pay better.

This was why everyone got in on this. The powers that be made up phony credit, like they always do, and extended it to every Tom, Dick, and Harry.

Houses were falsely appraised and overvalued, paving the way for bigger loans with high interest rates. A win-win for everyone...except us, the lawful bunch.
bobbincygna (6 months ago) Show Hide
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> A win-win for everyone...except us

...and the banks
donnadarko (8 months ago) Show Hide
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He just wanted to be President and is bought and paid for by Wall Street and oil companies.
cincinnatusnow (8 months ago) Show Hide
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The question is what the hell is Obama's part in all of this? Is he part of the solution or the cover ups?
cincinnatusnow (8 months ago) Show Hide
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This is what the tea parties should have been all about.There were a few there that protested this sort of thing,but too many were focused on Obama bashing and taxes instead of the causes of the mess we are in that are spoken about here.
vt4ps3 (8 months ago) Show Hide
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no they weren't the tea parties were done by grassroots activists, the type of people who support william black and ron paul. Mainstream media turned it into an Obama bashing spectacle, especially Fox News.
cincinnatusnow (8 months ago) Show Hide
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It was a mix.The parties seemed to get hijacked and the focus was on the spectacle not the issues.Makes you wonder if that was their intent-to steer attention away from those really responsible for the mess and to discredit the protests.The powers that be get nervous when light is shown upon their misdeeds.They manipulated the situation as they always do.
7Hook (8 months ago) Show Hide
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You are supposedly interested in this topic, but looking for information about it on CNBC, CNN or Bloomberg? Man, that is just beyond idiotic.
7Hook (8 months ago) Show Hide
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Excuse me? What did I hear and read at 1:10? That a banker, supposedly someone who is law abiding, actually wrote in a memo, (ie a piece of evidence), to kill another human being?
How many people could write a memo directing someone to kill someone else and not be charged with a crime? And what things does this banker discuss and order that he doesn't put down in memos? Strong bit of evidence, besides OTC derivatives, that bankers are above the law, and very arrogant about it.

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