What the Judiciary Committee Should Have Heard

Econintersect:  William K. Black is one of the world’s leading experts on banking and financial system fraud, with years of hands on experience investigating banking criminal activity.  He delivered invited testimony before the U.S. Senate Judiciary Committee on Wednesday, 07 March 2012.  The session had 5 witnesses and lasted 105 minutes.  Black’s testimony was cut off after 7 minutes and 20 seconds!

What the Senate Judiciary Committee should have heard was revealed in a discussion one day later in an interview with Jay Ackroyd on blogtalkradio.com.  Hear the “testimony” after the ‘Read more’ break.

(For larger image of how banks have served the public interest, click on the cartoon.)

Prof. Black’s interview is in the second hour of the program.  Advance to minute 61 to start.

Did you listen to the full hour?  Now go back and listen again.  The entire structure of the malfeasance that cause the financial crisis and that continues to this day is outlined in this hour.

This is the testimony that the Judiciary Committee should have heard.

John Lounsbury

Sources:

• William K. Black Virtually Speaking with Jay Ackroyd (blogtalkradio.com, 08 March 2012)

• William Black: Washington Testimony (GEI News, 08 March 2012)

• William Black Testifies Before Senate Judiciary Committee (GEI News, 07 March 2012)

Hat tip to Roger Erickson.