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Prepare to be not surprised - the answer is:
fraud fraud fraud fraud fraud fraud and fraud.
Interview with William K. Black.
And well worth a watch it is but it's a half an hour which may challenge some of the shorter attention spans and it is on PBS so some may object to that on political grounds so maybe I should just give the main thrust of the message.
The financial collapse is caused by fraud and is currently being covered up. The crooks that caused it are being appointed to fix it and all they do is take tax payers' money and give themselves bonuses.
And this bit is my own take on the situation. If Obama were serious about curtailing the bonuses all he would really have to do is call for an investigation and then not only the bonuses, but all of the property of all of the CEOs and other top executives could be confiscated as proceeds of crime : and maybe Obama and the bankers know that which is why he can be so hard-assed on the bankers.
fraud fraud fraud fraud fraud fraud and fraud.
Interview with William K. Black.
And well worth a watch it is but it's a half an hour which may challenge some of the shorter attention spans and it is on PBS so some may object to that on political grounds so maybe I should just give the main thrust of the message.
The financial collapse is caused by fraud and is currently being covered up. The crooks that caused it are being appointed to fix it and all they do is take tax payers' money and give themselves bonuses.
And this bit is my own take on the situation. If Obama were serious about curtailing the bonuses all he would really have to do is call for an investigation and then not only the bonuses, but all of the property of all of the CEOs and other top executives could be confiscated as proceeds of crime : and maybe Obama and the bankers know that which is why he can be so hard-assed on the bankers.