The Great American Fraud Factory ~ William K. Black Pulls Back The Curtain

After some interesting intro material, Max Kaiser talks with William Black.

Hang in for that.

In just a few minutes you’ll learn more about the REALITY of the US financial system than you could get from a Harvard MBA.


Best line:

“American business schools have all to often become fraud factories.”

Manufacture profits with doctored accounting so the CEO can get the maximum bonus.

If you can do that, you’ll never be lacking a job in the new corporate America.

But wait, there’s more…

How much bigger is today’s crisis than the Bush I Savings & Loan Crisis?

As big? Twice as big? Ten times as big?

Try forty times bigger – and the enforcement arm of the SEC is a mere shadow of what it was back then.


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