Bill Black explains why one of world’s largest investment firms Goldman Sachs is questioning the “efficacy of capitalism” and why its CEO is terrified of a Sanders presidency.
Former Secretary of State Hillary Clinton, in her debate with Senator Sanders minutes ago, said that she went to Wall Street and told them to stop their “shenanigans.”
The WSJ is so clueless that it appears to think the return of fraudulent liar’s loans via fraudulent loan brokers is an obviously sensible example of von Hayek’s “spontaneous order.”
The second sentence begins the lies with an important lie.
Given that the best study of liar’s loans during the crisis found a fraud incidence of 90% — this is a startling proof of how openly addicted to fraud the “big money managers” remain.
How fraudulent is finance even now? The Wall Street Journal reports that “big money managers” want to bring back “liar’s loans.”
Will those who led the financial system into crisis ever face charges?
Wall Street billionaires are freaking out about the chance that Bernie Sanders could be elected President. Stephen Schwarzman, one of the wealthiest and most odious people in the world, told the Wall Street Journal…
Former S&L regulator Bill Black and Public Banking Institute founder Ellen Brown say Hillary’s track record gives no indication that she will fulfill any promise in her 2016 campaign to implement regulations on Wall Street.
Bernie Sanders Decries Lack of Wall Street Prosecutions