2009: The Ongoing Cover Up of the Truth Behind the Financial Crisis May Lead to Another Crash

by Washington’s Blog Global Research, October 15, 2009 Washington’s Blog William K. Black – professor of economics and the senior regulator during the S & L crisis – says that that the government’s entire strategy now – as during the S&L crisis – is to cover up how bad things are (“the entire strategy is to keep people from getting the facts”). Indeed, as I have previously documented, 7 out of the 8 giant, money center banks went bankrupt in the 1980’s during the “Latin American Crisis”, and the government’s response was to cover up their insolvency. Black also says: There has been no honest examination of the crisis because it would embarrass C.E.O.s and politicians . . . Instead, the Treasury and the Fed are urging us not to examine the crisis and to believe that all will soon be well. PhD economist Dean Baker made a similar […] Read More