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How To Rob A Bank: William Black At TEDxUMKC

Bank Robbery

The top regulator and prosecutor during the S&L crisis – professor of law and economics, Bill Black – explained at a recent TED talk that 90% of all no-document loans were fraudulent and 90% of appraisals were fraudulently inflated at the insistence of the banks.

httpv://youtu.be/-JBYPcgtnGE

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One comment

  1. So, I’m going to take this as an implication that the “Economic Crisis” is fully engineered. Being that the methods used were known about for 70+ years as a failure.
    As no one can be that stupid, to commit control fraud at such a level by accident.

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