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What's Wrong with the American Financial System?

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Added: 28-05-2009
From: insiderexclusive ( Send PM )
(157) | (0) | (0)

Description:
In this in-depth interview, Andrew Entwistle, Managing Partner of Entwistle & Cappucci LLP; William Black, a former S&L regulator, best-selling author of The Best Way to Rob a Bank Is to Own One and Professor of Economics and Law at the University of Missouri - Kansas City; and Steve Murphy, Host and Producer of the Insider Exclusive, analyze what's wrong with the American financial system.. Andrew, Professor Black and Steve expose how the collapse of government regulation creates an environment for bankers and executives to act with impunity. But it was more than greed and incompetence that hurt our financial system - it was fraud. By creating triple-A rated bonds out of ¡°liars' loans¡± - loans without verifying income, assets or employment - the federal government and the banking system set the stage for disaster in the real estate market and the broader economy. This drastic reduction in regulation is now responsible for the biggest banking crisis since the Great Depression. Andrew, Professor Black and Steve get to the heart of these financial shenanigans, and reveal the cost of governmental indifference.. William Black is a former S&L regulator, best-selling author of The Best Way to Rob a Bank Is to Own One and Professor of Economics and Law at the University of Missouri - Kansas City. He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics. Bill is also the author of The Best Way to Rob a Bank is to Own One (University of Texas Press 2005), an insider's account of the savings and loan debacle of the 1980s. You can contact Andrew Entwistle at 212-894-7200, or http://www.entwistle-law.com. William Black at http://www.law.umkc.edu/faculty/black.htm.
Channels: Legal News 
Tags: legal  fraud  economy  financial  crisis  meltdown  sub-prime  money  investor  wallstreet 

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http://www.legalshowtime.com/video/58/Whats-Wrong-with-the-American-Financial-System

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