'Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world' Unknown
William Black: 'The finance sector is a huge parasite, it transfers wealth from the poor to the wealthy'
Alright, you've watched the above video, To rob a country, own a bank Pt2 from The Real News.
Now, if there is nothing decent on the free to air TV channels & you have the inclination & have some spare time, take a look at this next video, 'The Great American Bank Robbery' by William Black at the Hammer Museum. It may be a couple of years old and a bit lengthy but we thought it to be relavent.
"William K. Black, the former litigation director of the Federal Home Loan Bank Board who investigated the Savings and Loan disaster of the 1980s, discusses the latest scandal in which a single bank, IndyMac, lost more money than was lost during the entire Savings and Loan crisis.
He will examine the political failure behind this economic disaster, in which not only massive fraud has taken place, but a vast transfer of wealth from the poor and middle class continues as the federal government bails out the seemingly reckless, if not the criminal.
Black teaches economics and law at the University of Missouri, Kansas City and is the author of The Best Way to Rob a Bank Is to Own One.." Quote: UCLA
It's painfully obvious that governments have failed to control and adequately regulate finance institutions. I for one have had enough of banks with their cohorts of 'gamblers', speculators, call them investors and shareholders dictating my standard of living by their government sanctioned incompetence.
Perhaps Leo Panich was right;
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