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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The Triumvirate of Wall Street/ the Fed/ and US Politicians is Crumbling

Fleeing a Tsunami by frankie_8 / FreeDigitalPhotos.net

“Months ago, I warned that a tsunami of litigation was going to be coming to Wall Street and Washington.”

“Indeed, the only reason this process hasn’t already reached a fever pitch is because the benefits of not talking for most of those who were in on the corruption still outweigh the consequences of keeping their mouths shut.”

“It’s too early to know, but one thing is for certain, the litigation is beginning to shift from minor players to major players at the core of the Financial Crisis.    Graham Summers, Phoenix Capital Research

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Lyndon LaRouche on bankrupt European banking system : No More Bailouts!

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A high level former U.S. government economic official yesterday confirmed the plans for a Fed mega-bailout of Eurozone banks.

“Geithner’s Plan to Bail Out London’s European Banking System Will Destroy the United States.”   LaRouchePac Continue reading