Tuesday, December 14, 2010

Failing to Prosecute Wall Street Fraud Is Extending Our Economic Problems

from Washington's Blog


More empty rhetoric from financial experts designed to divert attention away from their participation in, and support of, a system which has inevitably evolved into the sociopathic monster that it is. Most of these people are all talk and no action simply because they are a creature of the system and they have done very well by it. The most sincere among them would like to reform the system which, of course, is like trying to train a wolf to become a vegetarian.
Bill Gross, Nouriel Roubini, Laurence Kotlikoff, Steve Keen, Michel Chossudovsky and the Wall Street Journal all say that the U.S. economy is a giant Ponzi scheme.

Virtually all independent economists and financial experts say that rampant fraud was largely responsible for the financial crisis.