http://online.wsj.com/article/SB10001424052748704477904575586320312052784.html?mod=WSJ_hpp_sections_realestate
So now we have a problem.
We they start from square one and begin again or will they blow off their constituents after the elections over?
From his office overlooking the gold-gilded Iowa State Capitol, Tom Miller is confronting the reality of how hard it is to get all 50 state attorneys general to agree on anything.
One hurdle: Ten of the 12 state attorneys general on the foreclosure investigation's executive committee are running for re-election or will be leaving office in coming months. Arizona Attorney General Terry Goddard, California Attorney General Jerry Brown and New York Attorney General Andrew Cuomo, all Democrats, are in election races for governor Tuesday.
George Orwell once said: In a universe designed by deceit, The truth is an act of Revolution
Showing posts with label investment fraud. Show all posts
Showing posts with label investment fraud. Show all posts
Monday, November 1, 2010
Tuesday, October 19, 2010
'Inside Job': Rampant Conflicts of Interest, Cronyism Led to 2008 Crisis, Charles Ferguson Says
http://finance.yahoo.com/tech-ticker/'inside-job'-rampant-conflicts-of-interest-cronyism-led-to-2008-crisis-charles-ferguson-says-535519.html?tickers=MET,AIG,XLF,FAZ,SNE,%5EDJI,%5EGSPC&sec=topStories&pos=9&asset=&ccode=
No actually it's more than 20 years.
The same thing can be and was said in 1989.
Another massive coverup "YOU" paid for.
Another carbon left imprint by the Bush family.
The collapse of Lehman Brothers in September 2008 sparked a global financial crisis that pushed the U.S. economy into the worst recession since the Great Depression. Two years later, billions upon billions of taxpayers’ dollars have been spent on government bailouts to save the banks that started the contagion, yet not one person has been held accountable or slapped with criminal contempt.
In his new documentary Inside Job, filmmaker Charles Ferguson ,spoke to some of the biggest names from Wall Street to Washington to academia to get a first hand account of what caused the 2008 financial meltdown and how the financial system reach its breaking point.
Ferguson points to 20 years of deregulation, rampant greed (a la Gordon Gekko) and cronyism. This cronyism is in large part due to a revolving door between not only Wall Street and Washington, but also the incestuous relationship between Wall Street, Washington and academia.
No actually it's more than 20 years.
The same thing can be and was said in 1989.
Another massive coverup "YOU" paid for.
Another carbon left imprint by the Bush family.
As co-author of a similarly titled book, I must comment. We wrote Inside Job: The Looting of America’s Savings and Loans in 1989. And reading this newest iteration of such, I have to say, not @#$% thing has changed. Congress is still asking the same questions: “Where were the auditors?” and “Where were the regulators?” And the answers are the same as well. The auditors and rating agencies, were on the take. The regulators were both asleep at the switch and actively discouraged from doing their job by politicians and industry groups. Now I await the third iteration of Inside Job. Stephen Pizzo.Reply.
The collapse of Lehman Brothers in September 2008 sparked a global financial crisis that pushed the U.S. economy into the worst recession since the Great Depression. Two years later, billions upon billions of taxpayers’ dollars have been spent on government bailouts to save the banks that started the contagion, yet not one person has been held accountable or slapped with criminal contempt.
In his new documentary Inside Job, filmmaker Charles Ferguson ,spoke to some of the biggest names from Wall Street to Washington to academia to get a first hand account of what caused the 2008 financial meltdown and how the financial system reach its breaking point.
Ferguson points to 20 years of deregulation, rampant greed (a la Gordon Gekko) and cronyism. This cronyism is in large part due to a revolving door between not only Wall Street and Washington, but also the incestuous relationship between Wall Street, Washington and academia.
Labels:
Charles Ferguson,
Inside job,
investment fraud,
Stephen Pizzo
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