Bank Fraud and Cover Up
London, UK - 6th April 2009, 09:30 GMT
Dear ATCA Open & Philanthropia Friends
[Please note that the views presented by individual contributors
are not necessarily representative of the views of ATCA, which is neutral.
ATCA conducts collective Socratic dialogue on global opportunities and threats.]
Bill Moyers (PBS) interviews Bill Black to note "Economic & Financial Meltdown is driven by Fraud":
What we are amazed with is the genesis and mechanics of bank fraud and deceit explained by Bill Black in his interview. Simply put:
"Liars' Loans" were advanced to "NINJAs = No Income, No Job, no Assets!"
Bank says, "We don't check!"
which results in a bonus driven Ponzi scheme!
[ENDS]
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Contingency Alliance is a philanthropic expert initiative founded
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