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IPFS News Link • Economy - Economics USA

Bill Black on Lehman Failure: We Need to Be Blunt

• Daily Paul

With all new financial reforms and regulations on the horizon, one needs to wonder, what the hell were the regulators doing through all of this? Here is the testimony of a real regulator, with a proven track record of cleaning up messes created by fraud in the banking system. Perhaps, all we really need, is more regulators like Mr Black.

April 20, 2010 — Bill Black's eye-popping opening statement at House Financial Services hearing on Lehman Bros. failure.

For more see his written statement to the Committee [pdf].