Black: Accounting is the “weapon of choice” for elite financial frauds

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“‘Geithner is not simply wrong about fraud playing no significant role in prior crises. His senior staff is also wrong, or unwilling to speak truth to power. Geithner is not slightly wrong, he is grotesquely wrong. The fact that he is so wrong a quarter-century after the facts on fraud were made public would be disturbing for any official, but for the U.S. Treasury Secretary who has just seen the global economy crushed by an orgy of accounting control fraud by the world’s most elite bankers it is terrifying.

They find the truth beyond inconvenient because it threatens their fraudulent big finance contributors. William K Black PhD

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