The Black Fraud and Finance Report on the Real News Network. Bill is discussing Charles Keating.
Listen to Our Podcast- Randy Wray on Krugman and the Frustration of the Heterodox April 28, 2014
- Fred Lee Talks About his Contributions to Heterodox Economics April 18, 2014
- Feb. 27 Podcast with Randy Wray February 27, 2014
- Bill Black and Randy Wray October 21, 2013
- Political Theatre and the Government Shutdown October 2, 2013
- Randy Wray: The Taper, the Debt Ceiling and the Prospects for Growth September 23, 2013
- Stephanie Kelton Talks with Warren Mosler September 4, 2013
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“the highest return on assets is always a political contribution”
great quote.
I’m surprised to hear you say that the political class has not learned the lessons. I think they’ve learned them just as well as the banking class. Corrupt the leaders of the system that would have prosecuted you, and you’re home free.
It is conceivable that before the house of cards came falling down, the regulators, although some might have been worried about liars loans and securitization, might not have connected the dots of the corruption. There is no excuse now, however. The current leadership has been bought. There’s no other explanation.