How Fraud Corrodes Weak Market Regulations Governed by Market Fundamentalism

1. Excellent and illuminating exposé.💯👌

2. Prof Black, has there been an accounting of the # of suicides/murders directly cause by the 80-90s Saving & Loan Fraud? because with the republican 2000s financial fraud there were at least 10K suicide/murders which even that there has been no complete investigation. i also don't see how it is NOT accessory to murder on the financial institutions? it's laughable when i hear obama called a "progressive". At least 5000 Americans committed suicide DIRECTLY JP/Morgan, Goldman Sachs/Wall Street criminal acts. http://money.cnn.com/2013/09/18/news/economy/financial-crisis-suicide Another at least 5000 committed suicide/murder in Europe http://www.dailymail.co.uk/health/article-2655170/The-financial-crisis-caused-10-000-suicides-Europe-North-America-study-shows.html Prof. Black was also being too kind because he didn't mention Neil Bush, H's son was board of director on Silverado Savings and Loan https://www.nytimes.com/1990/09/22/business/fdic-sues-neil-bush-and-others-at-silverado.html

3. what's actually being demonstrated here is the MASSIVE problem of over intellectualizing. we're all ruled and ruined by the elite's reliance on their intellectuals to over complicate and convolute EVERYTHING! this ridiculous over complication creates confusion, flexible interpretation, broad application and all this makes the system easier to corrupt, rig, cheat and loot! they don't teach economics in college anymore – they teach capitalism. even as they quickly scan over socialism they use capitalist terminology, capitalist jargon, capitalist principles and concepts and capitalist gobbledygook and convolution to "explain" socialism. the elite thrive and profit from the corrupt consequences hidden, but strategically placed and ignored in this convolution of capitalism. equalism says – SIMPLIFICATION, not still more complication, is the ONLY means of achieving a just society and TRIE human rights.

4. I lost so much in an employee-forced participation of a percentage of my income into a mandatory retirement fund before the S&L scandal unfolded. I could smell it coming but I was not allowed to withdraw my contributions. Argh! I lost almost everything.

5. capitalists, bankers and investors are just nazi's who pretend they are human

6. These days there are so many channels/media outlets that honestly I thought 'The Real News', could be one of them, but was surprised to find a series of brilliant lectures intending to educate the people of the 'Myths of Market Fundamentalism'. 'How Fraud Corrodes Weak Market Regulations Governed by Market Fundamentalism', is not the last word. I hope this will give rise to many prosecutors like Muellers and Rosensteins and lock up many Trumps.
   The Drama started with Reaganomics (demand side economics) and opened the floodgates of corporate looters and profiteers, backed by Jewish pilferers and rapists of limited global resources , enforced and encouraged by 'meritocrats (economists and bankers) while Allan greenspan kept sounding alarm bells (falling on deaf politicians' ears) producing idiotic child molesting and pussy grabbing womenizers (republicans) to kill the American dream promising 'draining the swamp'.
   The bottom line is the people must wake up and fight, like during the mid-term. PERIOD.

7. this guy's forced merriment at the ludicrousness of these crimes he enumerates makes him a terrible presenter.
   just stick to the story and stop the amateurish performance.

8. but all capitalism is based on myths. the myth that the elite are better than the rest of us and deserve and earn their wealth. the myth that greed, self-interest and the accumulation of private wealth helps all of society. the myth that capitalism is any different than aristocracy and feudalism. and the myth of adam smith's "invisible hand." its all a load of rubbish and proven so in our day to day lives. what I don't understand are the fools who continue to cling to these lies, support their own slavery and defend their slave masters.

9. Should we just make Bernie Madoff a federal financial advisor then?

10. One of the few truth tellers. Bill Black is a hero. David going up against Goliath. His words hold true for 911 complicity of global institutions.

11. Keynesianism culminated into the Great stagflation, market fundamentalism culminated into the Great Recession. So which new alternative ideology should organize business and economic activity?

12. The University of Chicago, and the elite universities do not educate, they indoctrinate adherents into their religion. There probably was no crash in 2008 — it was actually a heist.

13. Bill is great, entertaining with common sense analysis of economics – wish I'd been able to have someone like him as a prof in college. We need a revolution – or we will all be homeless.

14. https://youtu.be/PZ_XSd1SXXk

15. Best Santa, ever.

16. This is brilliant. Black lays out the religion of free market fundamentalism in all its Satanic glory. Greed is good? Eat your heart out, Gordon Gekko. How about "Fraud is rational"? Capitalism doesn't just incentivise fraud- it mandates fraud. The stuff about Greenspan and his fellow acolytes is priceless. These people actually raise up fraud as the highest goal of their sacred system. Thanks, Real News. You're about to get my money again, in the form of an annual contribution.

17. America's business model is fraud!

18. Could it rightfully be said that all the corrupt banksters that were/are too big to fail/jail/prosecute and those whom persuaded there be no regulation etc that THEY Have Committed TREASON? After all they knew how bad the situation was and they knew it could cripple the United States of America. It actually crippled the world…
    Perhaps THEY can be thrown in jail yet, For TREASON. I dont think there is a statute of limitations on Treason is there?

19. "Money" is just a piece of paper. It hasn't been worth anything since the U.S. moved off the gold standard. Think about what's happening now…(sanctions against other countries who are now planning on making and using their own currency.) Who loses? Think.

20. Great clip about vampiric crony capitalism. Bailed out bankster crew continues to screw and ruin me and you.

    Gambling with savers deposits thanks to more Trumpian deregulation of financial services.

    Banksters have their utopia, where's yours ?

21. Thanks for this. US Corporate Media fails us.

22. " We saw something, We said something, Then things got strange." -Lol..

23. Financialization is code for extracting capital (wealth) from the population giving almost nothing in return..

24. Bill Black is my favorite Santa Claus because he wants to put the bankters in jail!

25. wonderful shirt

26. From the beginning of Capitalism there has been the contradiction of "The interests of the Aristocracy, the owners of property, established wealth vs. the interest of the Merchant and Venture Capitalist." In Marx's critique of Capitalism he warned that circulation of interest bearing Capital will win out over productive Capital circulation because interest bearing circulation is fraud. Marx also warned that technology will reach a point where it no longer serves productive circulation but becomes a service to its own perpetuation. In the 300 years of Capitalism it has experimented with interest bearing Capital circulation and it has failed miserably. In the 1970's outsourcing US manufacturing lead to the Financialization Genie being let out of the bottle. After reading Prof.Black's book I believe the only reason there were convictions in the S and L saga is because Reagan was going senile. I believe Bush senior got the boot after one term because he let the convictions happen on his watch. Financialization and productive Capitalism are in contradiction and whether we call it theft, deception or Fraud the idiot and chief in charge has created crisis that is leading to catastrophic failure.

27. I think I might actually have a crush on this fearless hobbit of a financial regulator!

28. of those convicted was there asset forefiture , was all money stolen taken back, resolution trust is stiil on the books

29. The title, your opening statement, then you say "backwards." Then without any seemingly valid thought being applied to any of this… you read some shit that bolsters my point… "Our system is a fraud as it was intended to be, so the cowards can do their dirty work." The supposed system is there so we can do what were doing now…being destracted with bullshit.

30. Freemarketeer reasoning; if we don't hold murderers accountable, it's OK. Eventually, they will murder enough people that other people will ostracize them so there's no one for them to kill. The reasoning taken to it's logical ends.

31. Without a third party, the middle class will be lost!!! Both political parties are looting us now…

32. Bill Black FTW!

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