You ever find cool stuff that is ironic

[RodISHI]

Looking for informational links for another thread I came across a present I had not even known was out there...

I've been whining about fraudulent banksters since 2002.

PBS put this out on my birthday. Nice video too! and the guy is in Missouri. That is within driving distance.

William K. Black, author of THE BEST WAY TO ROB A BANK IS TO OWN ONE It's not just banks!

April 3, 2009

William K. Black suspects that it was more than greed and incompetence that brought down the U.S. financial sector and plunged the economy in recession — it was fraud. And he would know. When it comes to financial shenanigans, William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s, has seen pretty much everything. (I don't have any doubt, it is more than a suspicion for me)

Now an Associate Professor of Economics and Law at the University of Missouri, William K. Black tells Bill Moyers on the JOURNAL that the tool at the very center of mortgage collapse, creating triple-A rated bonds out of "liars' loans" — loans issued without verifying income, assets or employment — was a fraud, and the banks knew it.

And while there is no law against liars' loans, Black points out that there are, "many laws against fraud, and liars' loans are fraudulent. [...] They involve deceit, which is the essence of fraud."

Only the scale of the scandal is new. A single bank, IndyMac, lost more money than the entire Savings and Loan Crisis. The difference between now and then, explains Black, is a drastic reduction in regulation and oversight, "We now know what happens when you destroy regulation. You get the biggest financial calamity of anybody under the age of 80."

911 is one of those ironic numbers for us also...Our house sets on land that is patent #911. My one machine that was designed to fail from the factory toppled over on 9/11 as the engineer from the manufacturer was there setting it up.