On Thursday in Washington, the Financial Crisis Inquiry Commission reported it's findings. And guess what? They found blame everywhere they looked ...but they couldn't see the fraud for the sleeze.
You can download this 696-page whitewash here. Or you can watch the TELL-IT-LIKE-IT-IS video below. The Bill Black videos that Prof. Hudson refers to can be found here.
You should be angry! Very angry!!! Not only did the big banks and banksters avoid indictment for the mega-crimes that crashed the western world's economies, but they also get to walk away with between $13- and $23-TRILLION of our taxpayer money dished out to cover their gambling debts.
The American working poor and middle class have just been tacitly reduced to serfdom ...and this is BEFORE they start cutting Social Security and Medicare to "reduce the deficit" that resulted from the greatest reverse-Robin-Hood rip-off in history!!!
Just how long are we going to tolerate this, folks?
You can download this 696-page whitewash here. Or you can watch the TELL-IT-LIKE-IT-IS video below. The Bill Black videos that Prof. Hudson refers to can be found here.
You should be angry! Very angry!!! Not only did the big banks and banksters avoid indictment for the mega-crimes that crashed the western world's economies, but they also get to walk away with between $13- and $23-TRILLION of our taxpayer money dished out to cover their gambling debts.
The American working poor and middle class have just been tacitly reduced to serfdom ...and this is BEFORE they start cutting Social Security and Medicare to "reduce the deficit" that resulted from the greatest reverse-Robin-Hood rip-off in history!!!
Just how long are we going to tolerate this, folks?
theREALnewsnetwork .
January 28, 2011
Inquiry Doesn't Call Crisis Systemic Fraud
Michael Hudson: Financial Crisis Inquiry Report fails to call for criminal prosecutions against Wall Street
Bio
Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971). ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East. Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law.
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