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News Link • Obama Administration

The Ongoing Cover Up of the Truth Behind the Financial Crisis May Lead to Another Crash

• Zero Hedge
 

 

  Washington’s Blog.

William K. Black - professor of economics and the senior regulator during the S & L crisis - says that that the government's entire strategy now - as during the S&L crisis - is to cover up how bad things are ("the entire strategy is to keep people from getting the facts").
 
There has been no honest examination of the crisis because it would embarrass C.E.O.s and politicians . . .

Instead, the Treasury and the Fed are urging us not to examine the crisis and to believe that all will soon be well.
 

 

The gravest economic crisis since the Great Depression has been covered in the media largely from the top down, told primarily from the perspective of the Obama Administration and big business, and reflected the voices and ideas of people in institutions more than those of everyday Americans…

 

 

PhD economist Dean Baker made a similar point, lambasting the Federal Reserve for blowing the bubble, and pointing out that those who caused the disaster are trying to shift the focus as fast as they can:

 
 
The current craze in DC policy circles is to create a "systematic risk regulator" to make sure that the country never experiences another economic crisis like the current one. This push is part of a cover-up of what really went wrong and does absolutely nothing to address the underlying problem that led to this financial and economic collapse.

Baker also says:
 

 
 
"Instead of striving to uncover the truth, [Congress] may seek to conceal it" and tell banksters they're free to steal again.
Much more at site

1 Comments in Response to

Comment by Asel Wood
Entered on:

Community organizers out of Chicage are dragging our country down to a huge depression. Those of you who care about your future and this country need to get  your votes out. Also, demand that ACORN not get anymore tax $$$$$$$$$$$ that enforces illegal voting and other corruption.


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