Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.

Former banking regulator William Black speaks about rackets and fraud in the financial sector. He says Wall Street’s fraudulent CEOs looted with impunity, were left in power, and were granted their fondest wish when Congress, at the behest of the Chamber of Commerce, Fed Chairman Bernanke, and the bankers’ trade associations, successfully extorted the professional Financial Accounting Standards Board (FASB) to turn the accounting rules into a farce.

Source: YouTube, May 23, 2011 (hat tip: Global Investor Blog).

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William Black on Wall Street fraud was first posted on May 26, 2011 at 10:30 am.
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