How it happened and how we are being lied to about the meltdown

This is a smart and simple explanation of how the crisis was result of greed and fraud. In an interview on Bill Moyer’s show Mr. Black — the senior regulator during the S&L crisis & now a prof of economy and law at U. of Missouri explains the problems plainly and simply. In less than half-an-hour he explains what went wrong, why and why what we’re doing won’t work. This interview is in three parts, look to right side of youtube for parts 2 and 3.-Lou