He is a former investigator with the US Justice Department. He quips that when he worked for Justice, they weren’t sophisticated enough to conclude that the best way to manage an unstable banking system was to leave the criminals in charge. In the interview, he addresses the “systemic risk” of the banking sector in the US, and how the bulk of the at-risk institutions are here in the US. He also calls out the elephant in the room, that fraud is the basis of ALL profit in the banking industry at this point.
Saturday, April 2, 2016
William Black: Fraud is the basis of ALL profit in the banking industry at this point.
William Black, author of “The Best Way to Rob a Bank Is to Own One” talks with Greg Hunter.
He is a former investigator with the US Justice Department. He quips that when he worked for Justice, they weren’t sophisticated enough to conclude that the best way to manage an unstable banking system was to leave the criminals in charge. In the interview, he addresses the “systemic risk” of the banking sector in the US, and how the bulk of the at-risk institutions are here in the US. He also calls out the elephant in the room, that fraud is the basis of ALL profit in the banking industry at this point.
He is a former investigator with the US Justice Department. He quips that when he worked for Justice, they weren’t sophisticated enough to conclude that the best way to manage an unstable banking system was to leave the criminals in charge. In the interview, he addresses the “systemic risk” of the banking sector in the US, and how the bulk of the at-risk institutions are here in the US. He also calls out the elephant in the room, that fraud is the basis of ALL profit in the banking industry at this point.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment