April 5, 2009 archive

Massive Fraud at the Epicenter of U.S. Finance

Bill Moyers Journal:

In an explosive interview on PBS’ Bill Moyers Journal, William K. Black, a professor of economics and law with the University of Missouri, alleged that American banks and credit agencies conspired to create a system in which so-called “liars loans” could receive AAA ratings and zero oversight, amounting to a massive “fraud” at the epicenter of US finance.

But worse still, said Black, Timothy Geithner, President Barack Obama’s Secretary of the Treasury, is currently engaged in a cover-up to keep the truth of America’s financial insolvency from its citizens.

Gosh.  Why would a Wall Street insider like Geithner be reluctant to admit that Wall Street criminals turned the US financial system into a giant Ponzi Scheme?

I’m stumped.

Fortunately, Professor Black has an explanation . . .

Late Night Karaoke

No Missiles Here

Guantanamo! (Update)

Update:  Some of you have seen the documentary, some have not.  At any rate, if you would like to share your thoughts about it, why not do it here?  Some comments are already remarking on it at the bottom.  It would be interesting to see how others think and feel about this documentary, as well.

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Tomorrow,  Sunday, April 5, 2009, National Geographic Society, will air a documentary entitled “Inside Guantanamo,” 8 PM CST or Wednesday, April 8, 7 PM CST – Check your local listings.  *Also, there are other optional times for viewing.

The video below is a panel, with Chris Wallace hosting, from FOX News.  Note the National Geographic logos. in the background.  In his opening remarks, Wallace refers to the detainees as some of the most notorious!  I have only watched bits of it, as right in the beginning, this Col. Donald Woolfolk (now retired), in charge of interrogations at Guantanamo, categorically denies there was any torture during his tenure there.  I had to shut it down, I became so angry.  Then, I watched a little here and a little there.  I have always admired National Geographic in so many respects, but when I heard this comment from the Col., I became concerned, “will National Geographic do a whitewash of Guantanamo? Have they sold out, too?”  Those thoughts prompted me to try and find out who are the directors, trustees, etc.  I found this, which is quite interesting, I think.  Tracy Wolstencroft is an appointment to the Board of Trustees.  He has been a partner at Goldman Sachs since 1994.   Also, I watched a little of the preview on NGS — I am concerned that it may turn out to be a kind of a neutralization of reality.

Well, we can’t be sure what the purpose of such a panel is, and, maybe, National Geographic will be an honest documentary — we’ll have to wait and see.

Video follows!

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