We’re “Chumps” in the Bank Bailout Farce

4.7.09

“We won’t close the banks that desperately need to be closed, we won’t look for the crimes and report them…this is the subsidy of all history and it will go to the richest some who are not Americans…”

This is an excerpt from a video interview of William Black, a former bank regulator and current professor of Economics and Law at the University of Missouri at KC. He also has many unkind things to say about Geithner and others in charge of regulating and directly states that – “Summers is probably the real problem…”

Watch:

Chris Grande