Bill Black is amazing. Non-nonsense and no bullshit.
Why isn’t he running the Fed? Oh wait, why isn’t he supervising the shutting down of the Fed?
2007/2008 was only a side-show. We’re in much worse shape now. Debt is 30% higher, leverage higher, margin higher. The mother of all collapses is coming.
The banksters are the biggest criminals in the history of the world.
Steve Hogan
May 24, 2014 10:32 pm
Sorry, but I don’t buy the notion that deregulation was a primary cause of the meltdown. Without zero percent interest rates, QE, and bank bailouts, none of this shit would have occurred.
I’m supposed to believe that the Fed and SEC would have halted this stuff had they had more regulatory power? Please.
Mike Moskos
May 25, 2014 12:23 am
Can you believe this made the Fed? He was on Chris Martenson’s podcast some time ago; worth a listen if you want more detail.
Bill Black is amazing. Non-nonsense and no bullshit.
Why isn’t he running the Fed? Oh wait, why isn’t he supervising the shutting down of the Fed?
2007/2008 was only a side-show. We’re in much worse shape now. Debt is 30% higher, leverage higher, margin higher. The mother of all collapses is coming.
The banksters are the biggest criminals in the history of the world.
Sorry, but I don’t buy the notion that deregulation was a primary cause of the meltdown. Without zero percent interest rates, QE, and bank bailouts, none of this shit would have occurred.
I’m supposed to believe that the Fed and SEC would have halted this stuff had they had more regulatory power? Please.
Can you believe this made the Fed? He was on Chris Martenson’s podcast some time ago; worth a listen if you want more detail.
U can’t rob banks anymore. The banks rob U.