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Will Lawmakers Avert The Next Financial Collapse?

(Photo by Robin Holland)

In this week's JOURNAL, Bill Moyers spoke with veteran regulator William K. Black about the proposed new financial reform legislation and the systemic problems that led to the economic collapse in 2008.

Black expressed disappointment with President Obama's speech on financial regulation this week, and said that the pervasive influence of Wall Street money and ideology has created what he calls a "criminogenic" environment:

"I was disappointed that [President Obama] wasn't willing to be blunt. He used a number of euphemisms, but he was unwilling to use the 'F word,' which is fraud in this. It's the word that explains why we have these recurrent, intensifying crises... A criminogenic environment is a steal from pathology - a pathogenic environment [is] one that spreads disease. In this case, it's an environment that spreads fraud... [The SEC] could have acted at any time to regulate all of these securities bankers to the extent that their problems had to do with mortgages, and they overwhelmingly caused by mortgages. They refused. They [and] the Fed refused to use that authority... There wasn't going to be significant reform or significant crackdowns in the financial sphere because the leading source of contributions to the Obama candidacy and the McCain candidacy was the financial industry... It's deeply criminogenic. And this ideology that both parties are dominated by says 'No, big corporations wouldn't cheat. Fraud can't happen. The market's automatically excluded.' It's insane. It's been falsified for 25 years by event after event here and abroad."

What do you think?

  • Black says that both Republicans and Democrats subscribe to an ideology that encourages financial fraud. Do you agree? Why or why not?

  • If government officials did not enforce regulation that was already on the books, do you think the new regulations being proposed in Washington will help prevent further economic disasters?

  • Do you expect lawmakers to act responsibly to prevent the next collapse? How are you working to encourage them?


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    Comments

    Thankyou Bill for your show. You will be horribley missed by me that's for sure. I don't know how anyone could possibley replace you and your show. You gave the show class and your insight and your genius made it work. Not to mention you and those folks behind the camera that did such a good job with thier homework! If you have'nt made up your mind with regards to some other approach to communicating your populists ideals, I would strongly suggest you think about producing or backing a humorist or satirist on pbs that shares your perspective. Your message is'nt wasted on intelligent people or misfits like myself, but it does'nt make it to folks that I associate with daily at my bluecollar employment. many that I've managed to get to watch you (mabe once) find it too much informantion in a small alottment of time and too painful to hear. This is by no means a critisizum of you or your show. I think, like others seem to be stating on your blogs. That there is a vast number of people who are'nt getting the message. Folks who'll watch network news for a half hour and then play video games or race out to the local popular chain resturant for dinner. or worse they'll get their news from a talk radio host. This makes up about 70% of people I know. I don't know what pecentage of folks are bluecollar in the U.S. but I'm sure its a significant number. All that being said....... They know thier angry. they know somethings not right in the country. But the only folks who are giving them answers in a form they can digest after a degrading abusive brutal day at their jobs is rush or glen or bob and tom. And that's scary. To be honest I know very few people who watch Public Broadcast Television. Only if thier flipping through the channels and see a lion eating a man do they stop for a minute and look. But if you could bring a satirist like Garrison K. with a political bent to the left. That would be a coup. Bussinesses the last couple of years have been heavily pushing industry ignorant but Highly educated wunderkinds up the ladder and that has caused a MAJOR hate and distrust of college educated people. Wall st. confirmed it. So yeah, dumbing it down a few notches would'nt scare them away. Alot of them voted for GW Bush mostly because they did'nt like Gore or Kerry. they refered to them as "republicrats" and hearing thier voting records they were right. But they are starting to suspect GWB and his gop allies are responsonible for alotta the countries woes right now.(finally) But NOBODY on TV has capitolized on that. Well..... just a thought. Wish you well and hope to see you on the tube again. Nick

    "it'll have sold at the 1000 point drop today...!"
    CBS news report tonight [5-6-10] "that the 1000 point drop was as a result of a "GLITH" of someone pressing the wrong button!"
    "A GLITH" provides a simple explanation to a naive public for an Economic destruction, DEPRESSION, EVICTION, CONFISCATION, UNEMPLOYMENT, WAR... etc.
    How many more buttons needs to be pushed to bring the people on their knees?
    Oh, yes, we have been reminded many times in the past, better times ahead. "The market predicts only the future" as the "WAR has been ongoing for 10 years" and the poverty, unemployment... etc. on the rise!
    "Rampage corruption" at its best!

    David F, N.A. (N.A. stands for what? "Not applicable"...?)

    Wrong, not Procter and Gamble

    but AVON Products...I'm sure that when I get the check - it'll have sold at the 1000 point drop today...

    you have NO IDEA

    how depraved "they" are when it comes to money...

    and when it's PERSONAL "god's work"...

    coupld of weeks ago, it was the electricity - shut of 2 days before the due date on the bill

    now they shut off my water 15 days before the due date on the bill

    For someone who believes that the oNLY role of GOVERNMENT is to protect the INDIVIDUAL against force and fraud,

    the lesson in this "city"?

    Government IS the source of force and fraud - they lost 6 million when Lehman collapsed - a lot for a city of 40,000 living off ONLY tourists and retirees...

    600 Trillion - yes trillion - in "paper" scams like credit default swaps...

    that's a heck of a lot of "austerity" - in Greece's case, probably going all the way back 10,000 years to the beginning of their country's official "civilization"...

    I'm playing this out to the bitter end so that I have the paperwork - which I now do - they WILL take it all and I do mean ALL.

    So don't even start paying for health insurance on your own once it runs out...that 6,800 down the toilet...

    you WILL NEED to keep that CASH in a safe deposit box somewhere - NOT in a bank account...remember, people, this is AFTER the fall

    and they WILL take away your MUNICIPLE WATER - it's a WAR now...

    AUDIT THE FED

    the plutocrats ARE "discrimination" and "racial hatred"...

    In reference to the October 19, 1987 stock market crash (Black Monday):

    Research by Professor Richard Roll of UCLA is broadly consistent with this non-U.S., internationalist perspective. Professor Roll points out, among other things, that all the world's capital markets declined sharply on or about October 19. Of the 23 major world markets, the U.S. had the fifth smallest decline -- put another way, the U.S. had the fifth best performance. The U.S. market was not the first to decline sharply -- the decline appears to have started with non-Japanese Asian markets on October 19, their time, and then followed the sun to Europe, the Americas, and Japan. The data also show no link between computer directed trading and the extent of the market decline. Professor Roll concludes that "the global nature of the October crash seems to suggest the presence of some underlying cause, but it debunks the notion that some basic institutional defect in the U.S. was the cause, and it also seems inconsistent with a U.S.-specific macro economic event."

    "There's an old saying in Tennessee -- I know it's in Texas, probably in Tennessee -- that says ...”

    Follow the Yellow “Procter & Gamble” Brick Road.

    First off, someone needs to scrub off this "code":

    http://www.pbs.org/js/ga-4bb37064.js

    and all the other sneaky "malware" infecting this site...and forget about migrating to Facebook - that's even worse...

    DCEddy wrote, "Some empathetic people take action to help the victim while others go away wringing their hands and crying "woe is me".

    And the "authorities" who have proclaimed themselves able to judge "empathy"

    swing it full back to the empathetic who DO try to do somehting about it - right?

    Jesus, the man, was an ACTIVE empatheic person - heck, even Pilate washed his hands of the verdict...

    The good people of Iowa were a revelation on Moyer's last show, weren't they?

    Inexplicable stupidity, such as the PLAN to spray liquid manure on the frozen ground, is the kind of "thing" that gives me that tazored-tribble "feeling"...

    and the dear grandmas just exchanged that look of "yikes"

    and defaulted to

    re-educating the
    "decision-makers" about protecting the water.

    I'm all for new immigrants - anyone think that a Swedish immigrant would have come up with such a PLAN for manure...?

    That's yet another aspect of the "history" of immigration that should be on the "need to know" list - USA INVITED people to come here. Sure, we invite people from India because they PAY about a quarter mil - but how about pro-actively going after some Swedes :-) Number One country in the world from many angles...

    But it's NOT about immigration. It's finding yet another didn't-think-about-this loophole for allowing "minorities" - like Plutocrats - to get away with "special" status

    and the best way to do that is to conduct experiments on the hoi poloi -

    it's the new entertainment of the plutocrats - captive communities in the lion's den of media....how cheap will you pick the cabbage for...? Who has more mouths to feed...? Who will fight the hardest...?

    So if the good people of Iowa are left debating whether man should serve money or whether money should serve man

    considering what their baseline is -

    the re-education of the ultimate sociopath, by law, the corporate personhood - about how to properly spread the manure around

    Its clear that they have to start at the bottom of the historical and philosophic rung created by the information age...

    So WHO should be afraid of "populism" taking hold after the FALL....?

    I replied, "I'm so good that they're gonna have to crucify me. It's the protocol in the bible..."
    Conversation over.
    That's how it goes AFTER the fall...
    Posted by: Anna D

    Posted by David E
    It is all about great pathos...
    When the sociopath watches a "tear jerker"; they are happy when the victim pays the ultimate price. When an empathetic person watches a "tear jerker"; they feel the pain of the victim.
    There is also a difference between empathetic people. Some empathetic people take action to help the victim while others go away wringing their hands and crying "woe is me".
    Sociopathic politicians and lawyers gleefully consider, "how can I take advantage of this situation".
    Calling victims Heroes with great gushing pathos with no intent to do anything about the situation or for the victims is the ultimate sin.
    The best of "Poetic Justice" is when the do nothing person becomes the victim of his own wrong response.
    It is, "do unto others as you would have them do unto you" NOT "do unto others before they do unto you" in a just society.

    Arrogance comes before the fall.


    Posted by: D. C. Eddy


    I believe it is the time AFTER the fall....

    Jack Martin is right on the mark when he calls it a sadistic plutocracy...

    Just the other day, when a particularly smarmy, don't care at all - REALLY - sociopath reading from the schtick script asked, "How are you?"

    I replied, "I'm so good that they're gonna have to crucify me. It's the protocol in the bible..."

    Conversation over.

    That's how it goes AFTER the fall...

    It's a lie that we have to experience iniquity in order to know good.
    Posted by: Anna D

    Posted by David E
    Sounds good to me Anna.
    We know a lot of things without experiencing them.
    Some things we want to experience and other things it is best to avoid.
    Only a fool takes pride in what they do not know.
    Some times we base our opinions on a lot of accurate information and other times we base our opinions on false information. Sorting things out is not always easy; especially when the dynamics of transition and inconsistency are involved.
    People's reasoning is not always rational.
    It is important that there be Checks and balances to correct wrong choices before they become a disaster. Human fallibility is well documented. Stubborn people who will not listen to reason are a threat to others as well as themselves.
    Reality being what it is has to be dealt with realistically.
    We need empathy in order to learn from other people's mistakes.
    It is good to realize that "there go I" but for the grace of God or if you prefer 'fate".
    Arrogance comes before the fall.

    DCEddy,

    I guess the Rosa Parks moment that the good people of Iowa remember has NOTHING to do with a plutocrat-wannabe's ability

    to divine from an internet conversation

    what might be a lack of "empathy".

    You can continue to pretend you divine "empathy" or wha'ever in another.

    But simply because you are bold enough to presume to JUDGE such a "feeling"

    means you are incapable of comprehending what REAL justice IS.

    From the most censored book on the planet:

    "Man is able to exercise scientific, moral, and spiritual insight

    prior to

    all exploration or experimentation.

    Only a personality can know what it is doing before it does it;

    only personalities possess insight in advance of experience....

    In the day-to-day life of mortal man, virtue is realized by the consistent choosing of good rather than evil,

    and such choosing ability is evidence of the possession of a moral nature."

    It's a lie that we have to experience iniquity in order to know good.

    Have no idea what you are talking about, sorry...
    I thought the most important point I made was this TRUTH:
    "They do not get to participate in their OWN country's good fortune - awash in oil money."
    Posted by Anna D.

    Posted by David E.
    Yes; you got that right!
    What is also true is that we have the same situation here in the good old USA.
    We have families living under bridges like Trolls while other people have so much money they could not spend it all in a million years.
    The least this country could do is paying people enough money to meet the cost of living.
    It is all about the numbers that create equity, justice, human values and human worth.

    What I was concerned with was the present lack of empathy for other people's disasters.


    Twain made up all 114 offenses cited as Cooper’s. Twain’s satire is so brilliant not only because he alone kept score of the evidence, but also because he manufactured the evidence in the first place.
    New York Times Columnist

    Posted by David E.
    What is there about random chaos that people do not understand?

    Everything that is not random accidents (chaos) is designed to have purpose...

    False statements that are inconsistent with reality become a source of wrong notions that cause wrong responses.
    In a volatile world; false statements cause death and destruction.

    Economics is an essential element of human organization that has to be consistent with reality in order to provide the necessary exchange of goods and services that prevents a chaotic society fighting over resources.
    We need a humanistic and efficient system of economics to assure that civilized existence is at its best.
    Lies and deception are destroying the fiber (foundation) of our nation.

    Your response proved my point as did my response to your response. I hope someday we can get past these primeval traits.


    Posted by: D. C. Eddy


    Have no idea what you are talking about, sorry...

    I thought the most important point I made was this TRUTH:

    "They do not get to participate in their OWN country's good fortune - awash in oil money."

    Which was a rebuttal to your opinion:

    "This is especially true when people are not included in the good fortune of that nation."

    Tricky stuff, this internet posting - I thought we were talking about 911...? And "terrorism" in general...

    Probably is a kindred spirit

    Beavis and Butthead

    sense of humor in the world.

    Alcoholics gradually progress to psychosis

    and drug addicts get "hooked" on being in a psychotic state.

    Take a poll - ask if it is not an acute state of social "suffering" to be the only straight one at a party

    the suffering mainly due to what all of a sudden is hilarious among the wacked out ones.

    "INCOMPETANT sociopaths" - fertile grounds for straight arrow humor...

    They really DO KNOW

    NOW

    that they can not rule the REAL world from virtual reality world.

    So they know that we know that they know...

    Yup, definitely whacked out on drugs is as valid of an opinion as yours, DCEddy...you MUST admit...
    Posted by: Anna D

    Posted by David E.
    Sure enough Anna; I had to laugh at your response too. ( :-) >

    The rub is that there are sociopaths running things that enjoy turning human disaster into political gain. There are plenty of sociopaths out there that get a high without the aid of drugs from human cruelty. Our entertainment corporations are creating a whole new level of maliciousness.
    Check out the movie "untraceable" which is the ultimate commentary on sociopathic behavior.
    The Timothy McVaigh Documentary is another commentary that commented on the reciprocal effect of sociopathic behavior.
    Your response proved my point as did my response to your response. I hope someday we can get past these primeval traits.

    DCEddy opined from something he read iin the self-help aisle :-)

    "There is a reason for "wrong response" when it comes to bad things happening to powerful nations. This is especially true when people are not included in the good fortune of that nation."

    If that really is the reason for the laughter,

    I think they were stoned on hashish or opium or something...

    They do not get to participate in their own country's good fortune - awash in oil money - like , duh.

    Yup, definitely whacked out on drugs is as valid of an opinion as yours, DCEddy...you MUST admit...

    Why did so many in the Middle East think that the video of the towers falling was "funny"...?
    Posted by: Anna D

    Posted by David E
    Possibly it has something to do with "too big to fail"...

    There is a reason for "wrong response" when it comes to bad things happening to powerful nations. This is especially true when people are not included in the good fortune of that nation.
    It is the same type of thing as when people working in sweat shops hear that their employer got robbed.

    It is also a response that is sociopathic with no concern for the people killed and injured.
    The "shock and awe" Iraq attack response to 911 was also deviant coping.
    Ther is also a good chance that the off shore oil rig disaster was no accident.
    These types of destructive behavior are sociopathic, uncivilized and counterproductive.

    The only way to avoid terrorism is to establish a humanistic, equitable and just world system that has the finances and authority necessary to correct injustice and inequity.
    Because of the present human capacity to destroy the earth and all that it contains; it is necessary to avoid conflict not create conflict.
    The efficient exchange of goods and services to meet people's needs is an essential element of civilization.

    The present antiquated system of economics has this world on a collision course.



    Mr. Laffrey,

    I'll place my Vegas bet that Billy Bob never heard the song "On the Turning Away" before :-)

    So what do Billy Bob and I have in common? Life maintenance needs. And we get that about each other across the great cultural divide...

    Yes, "something" about downtown Manhattan keeps asking for a demolition team in one way or another, huh? So little of the LABOR march for JOBS JOBS JOBS was covered by the "media" yesterday. Instead, another MANUFACTURED dog and pony show that totally obfuscates the REAL issues on the Arizona border went pounding out the airwaves in a sickeninig swell of holier than thou pontificating...

    Did I say "pontificating? Uh oh, another "conspiracy", huh? Like I mentioned before, go subpoena a certain "cult's" irreligious web sites and peek into the "forums" - they talked in "code" using the language in a book that 99.9% of the world has never heard about because of hysterical censorship. The whole sordid manipulation of human depravity to bring down the Catholic Church was ALSO discussed - in great DETAIL, as the "devil" IS in the details, eh?

    So yeah, Mr. Laffrey, you and I are not "mainstream" because of our little bits of information about stuff going on off the grid.

    Do I have to "educate" Billy Bob about ALL the details before he joins me in a reading of The Declaration of Independence?

    I don't think so. Life maintenance depends on the NOW.

    How many jobs disappeared like the Wicked Witch of the East in the Emerald City in 6 months? Was that RATIONAL? And how many jobs disappeared to slave labor countries?

    No, my friends, you can't put "Special" Olympic management to direct Olympic Labor. Especially when the GOAL of Special Olympic Management is to CLAIM the fruit of Olympic Labor as their own.

    DCEddy - PROVE your "theory", give enough money to the Haitians to manufacture the tents that "just in time" ideology can't provide. All you need is a satellite laptop in Haiti confirming "receipt" of the necessary funds for the green light, right? And - poof - tents for the hurricane season....

    When INCOMPETANT sociopaths ("Special" Olympians) rule the "energy" business, we're not done with the labor carnage and environmental damage yet...

    When Olympic Labor accomplishes something as intense as that deep drilling in the Gulf,

    only Special Olympic quality management could believe that that kind of PROCESS could be "tweaked" to provide UNEARNED PROFIT.

    There is only ONE WAY to do what they did - going that deep,

    and only ONE WAY to keep it going.

    That's the TRUTH. There is only ONE WAY to do something sometimes.

    You can't go monkeying around with "laws" without the BIG PICTURE reason...a "Republic Technocracy" is Special Olympic speak...

    The Declaration of Independence, people...they were following the rules of a Just WAR - they were spelling it out WHY:

    "The History of the present King of Great Britain is a history of repeated Injuries and Usurpation, all having in direct Object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world..."

    The "facts" are the same.

    (ie. - not the King of England but an UNSEEN Big Giant Head :-))

    Billy Bob - redo the list in "southern" for us, wouldja?

    :-)

    From the most censored book on the planet - here's an examply why - supposedly Jesus, the man, said this to Thomas, "My people take themselves too seriously; they are just about devoid of an appreciation of humor. The burdensome religion of the Pharisees could never have had origin among a people with a sense of humor. They also lack consistency; they strain at gnats and swallow camels..."

    As we all know, it ain't just the "pharisees" anymore - joining their ranks are the married couple - love money + will do anything for the money...

    Indeed, "love" is still all you need...

    Why did so many in the Middle East think that the video of the towers falling was "funny"...?

    Dear Bill and all the folks at the Journal,Sadly I only became aware of this program about 6 or so months ago when I came across it while searching for podcasts on i-tunes. I was intrigued by the episode name so the first progam i listened to was profits before patients. As much as I thought I knew about the issue, I was blown away by how much I learned in this short hour. I thought that maybe this was just an especially "good" program. I began bringing the Journal along with me a few nights a week as I walked through my neighborhood and I have yet to hear an episode that I did not enjoy. The Journal interviews offer invaluable insights and perspectives into some of the most pressing and critical social issues of our time. I truly feel that the knowledge I take away from these interviews betters my ability to positively contribute to the awareness and discussion of topics that I value personally. Mr. Moyers, this is a gift that can be measured in thanks but I believe better served with gratitude. All the best to you and everyone involved in bringing an amazing show to a gracious public.

    "We" even have a theme song :-)

    From 1987 Pink Floyd Album called "A Momentary Lapse of Reason",
    Posted by Anna D

    Posted by david E
    The reason for reason is so that people will do what is reasonable...

    I would like to propose that the United Nations designate Haiti as a trial Nation for the implementation of a Republic Technocracy based government system.
    This system would provide a systemic model for quality civil organization.
    The UN would use its resources to rebuild Haiti with hi-tech systems and economics that provide quality lifestyles in a quality environment. This would include developing Haiti's resources as a world class resort nation.

    From this role model it would be possible to establish a new world class economic system that is capable of supporting quality societies and nations with sufficient funds to do what is necessary to build necessary stable economics that can meet people's needs not serve greedy people.

    Barbara Ann Jackson:
    You're right. The fraud is top-to-bottom in the real estate banking empire. The corporate media can't and won't report the full extent of it. The courts are included because so many judges are appointed as the 2Party tools that they are. Also, their handlers have dirt on many of them, which keeps them in line.

    We can't help you today, but if we VOTE together in 2012, our Equal Party will openly and honestly fix it.

    Bill Parks: Agreed. Great comment, well said.

    The only way to fix it, though, is from the top. Both of the Parties of Power (Dems & Repubs) are fully in on the corruption and won't change it. Their SAY versus their DO are a continent apart.

    And I thank Anna D. and Billy Bob for mentioning my previous comment.

    You want to know HOW we can fix it.
    Please visit the website linked to my name.
    Sincerely.

    We can correct this financial mess in a heartbeat, by simply changing our point of view. Our present view is that privately owned banking corporations have authority to issue our nation’s money, and that we and our government are required to borrow our money from them. The financial crisis is inevitable because banks create only the principal of their loans and we must repay the loan principal plus interest. Since no one creates money to pay the interest, it must be paid from the existing money supply, leaving insufficient money in the economy to repay the loans, when they are viewed as an aggregate whole.

    We must change our point of view. We must restore our government’s sovereign authority to issue all legal money without regard to its form; we will not have a national debt; the banks shall be required to borrow all their money from our government; they will pay interest on their loans to our treasury; and the financial crisis will melt like the wicked witch in the Wizard of Oz.

    We can correct this financial mess in a heartbeat, by simply changing our point of view.

    Our present view is that privately owned banking corporations have authority to issue our nation’s money, and that we and our government are required to borrow our money from them. The financial crisis is inevitable because banks create only the principal of their loans and we must repay the loan principal plus interest. Since no one creates money to pay the interest, it must be paid from the existing money supply, leaving insufficient money in the economy to repay the loans, when they are viewed as an aggregate whole.

    We must change our point of view. We must restore our government’s sovereign authority to issue all legal money without regard to its form; we will not have a national debt; the banks shall be required to borrow all their money from our government; they will pay interest on their loans to our treasury; and the financial crisis will melt like the wicked witch in the Wizard of Oz.

    Some Home Foreclosures are Actually Disguised Real Estate Extortions (abstract from Newsblaze @ http://newsblaze.com/story/20100411123047lawg.nb/topstory.html)

    Some people think that those who fall delinquent on their mortgage debts deserve whatever happens to them. Deadbeats, is what they call us, even when becoming delinquent on a debt was an unavoidable occurrence. Some of us (like me) did not know that marriage failure would bankrupt us; or there would be medical bills; or job layoffs -but yes, some folks lived beyond their means.
    My story is not a sour grapes foreclosure story; I am not so much calling attention to loss of a home, but rather, to nearly irreparable wrongs that occurred in connection with real estate extortion. I do not have any other choice except to raise my pen and voice until vindication arrives; and authorities stop the wrongdoers from continuing their harms. Moreover, my situation has to do with lack of freedom and impediments to my ability to pursue happiness and employment to jobs of my choice.

    For 4 years, I fought through the court systems to prevent the fraudulent taking of my home. In so doing, I was repeatedly ravished by merciless litigators. They caused me lost jobs and blacklisting. I was always vilified and made to seem like a crazy outcast. I was persecuted and castigated by judges; I spent lots of ill-affordable money in legal costs; my privacy was shockingly, repeatedly invaded; I was falsely arrested; at one occasion, I was so tormented, I went to the bathroom on myself; and my freedom yet remains in jeopardy. Also, there's an amazing plethora of distorted humiliating documents and statements about me in federal court records.

    Foreclosure mill attorney A___, deliberately filed a foreclosure in the name of an entity which (GE Capital Mortgage Services, Inc) did not have standing for my New Orleans mortgage loan. Although I did not know why A____ committed that fraud and other frauds, I recognized that my home was being taken through illegal means. I filed judicial challenges, in which I asserted and proved the foreclosure was impossible due to the foreclosure plaintiff's non-existence. (I might not have been inclined to fight so hard for my home if it were not for the deceptive method in which I could lose it.) The frauds were the red flags that led me to search and find out there was no "perfected lien" on my home; and that a novated loan document was not lawfully enforceable.

    Also, falsified "lift stay" motions in my bankruptcy case were filed. However, during litigations, an Affidavit (posted on my website), signed by the "successor" mortgage company came to light. The Affidavit is PRIMA FACIE proof that the plaintiff named in the foreclosure had no standing; it proves that the attorney's purported May 2005 auction (that was held in my absence) -and the attorney's May 2005 bid and purchase of my home was not lawful. . . . Afterwards, in July 2005, in the newspaper reported that Freddie Mac paid an amount of $86,150 to buy my home from the same non-existent plaintiff (impossible!) that was named in the foreclosure. Also, notwithstanding that affidavit, Louisiana's Secretary of State corporations database shows the October 2002 extinction of that former lender when it merged. Years, later, due to Wells Fargo filing a false IRS form 1099-A for my property, I had Internal Revenue enquiries. . . .*SEE entire article @Newsblaze @ http://newsblaze.com/story/20100411123047lawg.nb/topstory.html)
    http://newsblaze.com/writer/lawg.html

    "We" even have a theme song :-)

    From 1987 Pink Floyd Album called "A Momentary Lapse of Reason",

    the song is called "On the Turning Away"...

    Indeed, MadeOff was very particular about which a--kissers he took money from...

    they have NO CLUE how to "create" jobs...

    they've been fighting for 2 YEARS

    in public

    over the pieces of "virtual reality" pie

    They're NUTZ.

    James Laffry wrote, "Booms and then Collapses are planned events. It's all simpler than we're led to believe. It's done by manipulating the money supply. The top bankers profit off the cycles coming and going."

    I agree. As long as the laws of physics and math only have this formula to follow because it DOES work this way:

    More misery for others =
    More money for ME ME ME

    then we cannot depend on math and physics to be utilized

    FOR LIFE MAINTENANCE

    in even a tribal government, much less a GLOBAL economy!

    Education is key. So now that we know that this "truism" is worshipped:

    More misery for others =
    More money for ME ME ME

    Then we can teach the next "truism":

    Banking profits represent a larger % of the economy than the assests that they represent.

    Virtual reality has replaced REALITY.

    DCEddy noted, "It follows that without civilization there would be chaos, survival of the fittest and malicious behavior by every person."

    As long as that "truism" math formula is the theological foundation of virtual reality civilization:

    More misery for others =
    More money for ME ME ME

    there IS no other option for a

    living organism (not mechanical)

    other than to speed up its own consumption of "other" living organisms.

    SOCIOPATHIC "social engineers" still have not stopped dissecting and dissing the "hippies".

    Indeed, there is a "kindred spirit" to generations of teenagers - most of it deformed by "education"...

    The first time a large group of "hires" invaded a core "life-maintenance" organization where I was at

    I realized that they brought with them a "spirit" that was all their own that was NOT rooted in REALITY.

    They make stuff up because they never knew how stuff came to be and was maintained and how "stuff-rules" serve progress.

    And now that they know that the other generations on all sides of them in the fractal of life

    KNOW that they are INCOMPETANT sociopaths

    they still do NOT care - they're just digging in deeper and have achieved the pinnacle of INIQUITY

    with their "interpretations" of civilization, law, justice, "science", politics as the art of getting things done in the material world for the greatest good,

    and the MOST VIOLENT has been their dismantling of the role of religion and philosophy

    through psychobabble.

    So, yes, civilization has a common sense reality aspect to it

    that CAN NOT be replaced with "perception is reality".

    Bottom line

    "money" is the CURRENT/power to have a living relationship with the real world that is true, good and beautiful.

    "money" as power over others - the psychopath's "reality" -

    is what we cannot continue to support.

    As noted in the Declaration of Independence, we have a DUTY to stop the madness.

    Educate everyone NOW.

    Wow! Post keep getting better & better. James Laffery sounds like a worthwhile site.

    "13 Bankers"--wonder if Goldman guys have read it?

    "The Big Short" wonder how many heart-attacks that one has caused? For Mainstreet as well as Goldman.

    Don't think Washington or Wall Street have read either as they keep acting as THEY were the injuried parties.

    Bank with a local bank (not branch of the big 6)!

    Vote out all INCOME-BENTS that did not STAND AGAINST Paulson's\Goldman's bailout!

    Bill! I am having withdrawal symptoms!!!

    Billy Bob Florida

    We've been mis-educated, mis-informed, and mis-led for our whole lives. Our parents were, too.

    Last year, I praised you, Bill Moyers and William Black, as great. Now, after a year of research, I know that Moyers and Black are self-limiting.

    My new worldview has yet to be wrong.

    Now, I'll answer the questions Moyers posted. You'll see what I mean.

    # Black says that both Republicans and Democrats subscribe to an ideology that encourages financial fraud. Do you agree? Why or why not?

    Yes, of course, I agree. The two main parties are the Left and Right arms of a criminal body whose brain is the supreme banking family. That's why even a MAJORITY of Democrats won't investigate and prosecute crimes by Bush. And the next Republican president will do likewise for Obama.

    # If government officials did not enforce regulation that was already on the books, do you think the new regulations being proposed in Washington will help prevent further economic disasters?

    Certainly not. Regulations and laws are routinely broken now. That won't change. The noise by the whole Washington DC Circus is jostling among frat mates. It's a show for the mis-educated mis-led masses.

    # Do you expect lawmakers to act responsibly to prevent the next collapse? How are you working to encourage them?

    I expect lawmakers to SAY nice things but continue to DO nothing truly good for the majority of us.

    Booms and then Collapses are planned events. It's all simpler than we're led to believe. It's done by manipulating the money supply. The top bankers profit off the cycles coming and going.

    Before last year, I wrote letters, emails, and tried to influence opinion on news websites. Last year, I began working to get lawmakers and the president to RESIGN for breaking their oath of office and for serving criminals.

    Now, in my vastly decreased ignorance, I'm working to help our citizens understand the truth and unite in 2012 for a revolutionary VOTE.

    My website, sharing what I've learned and offering the Solution, is
    www.EqualPartyUSA.org

    Bill Moyers and William Black, I invite you to consider becoming part of the Solution.

    Sincerely,
    James Laffrey

    A comment from the UK on his Susan Jacoby interview. She discusses dumbing down America and mentions the Roper Survey indicating that 23% of graduates can't indicate where key Middle East states are. She also says that the Nazis invaded Poland and attacked England. A clumsy statement from an academic: the Nazis attacked Britain as I'm sure the Welsh, Scottish and Northern Irish would like her to know.

    Black says that both Republicans and Democrats subscribe to an ideology that encourages financial fraud. Do you agree? Why or why not?

    I do not think it is what the Democrats or the Republicants subscribe to; it is a systemic economic problem that subscibes to financial fraud.
    Our economic system is based on false premises that promote fraud.
    We assume that people are honest and that they will do what is right for its citizens without regulation. People have not attained that kind of righteousness to say the least. The big fish eat the little fish until there is only one big fish left. It is necessary to maintain justice and equity or the economic system fails as it has done and will do again.
    Working people have to have enough income to support their families and their society. When the demand side of economics fails the next thing to happen is the supply side of economics fail. The demand side of economics is "too large to fail" and when it does chaos ensues.
    Our economic problem is lack of funds, wrong use of funds and an inequitable distribution of funds.
    Our economic problem is lack of funds, wrong use of funds and an inequitable distribution of funds.
    Economics is a man made system that is based on trust and fidelity. There are economic functional systems, human value systems and cause and effect market systems that must be regulated to maintain human life, social systems and a quality environment. Anything less is bad economics doomed to failure.

    The lendee is the accomplice of the lender, for without One there truly is no other.
    MJA

    Posted by DCE
    Nice bit of "if then proposition".
    It is also true that the victim is the accomplice of the criminal because without the victim there is no criminal.
    While your logic holds; your conclusion is sociopathic.
    There is more to life than logic; there is also civilized behavior. It follows that without civilization there would be chaos, survival of the fittest and malicious behavior by every person. Be careful what feed; it could turn and eat you alive.
    At the present
    time "Noblesse Oblige"(the obligation of the Noble) has been replaced by "buyer beware" in a "cut throat" society.
    Without compassion, we are no more than a mechanical machine.

    Without regulation everything is legal even if it is immoral. It's true however that regulations have to be enforced and penalties must be severe for non compliance. The SEC, Credit rating agencies and in certain cases politicians both sides were and are getting direct cash money from Wall street and banks for political purposes.
    Now where I come from that can be perceived at worst as Bribery and at best not particularly moral! Especially if you sit on the Senate or House Finance or Banking Committees.
    The bill lacks adequate penalties, for being in breach of the regulations.
    Regards,
    Hodgson.

    The lendee is the accomplice of the lender, for without One there truly is no other.

    =
    MJA

    Posted by: Michael J Ahles


    Agreed. The primary ONE

    LOANER

    would then be the first one tocover his naked butt about a million years ago - the first "product" for which money needed to be created...

    some would say the OneLoaner is Allah, Yahweh, God the Father...etc...

    So to follow the logic, then We are ALL loanees.

    We are all ONE.

    Scheesh, for all your puffs of existentialism, I thought you'd get that

    The ONE LOANER of Earth...

    don't tell me....

    no way...

    really...?

    (I'm practicing twitting)

    Sack the Gold

    BELIEVES

    he is God of the Loan?

    Ethan Allen: Thanks to your advice about placement and mulching I finally have some rhubarb clusters that are producing well this year. Too bad the Journal has not offered that kind of specific practical advice to irate citizens.

    Campaign finance reform, the fantasy panacea of the upper middle class, ain't gonna cut it. Besides our several forms of impending doom (including the drill-spill, drill-spill and then drill-spill some more in the Gulf, and the watering down of financial reform leading to stronger oligarchy) we have an intransigent majority on the Supreme Court that when they are not playing Supreme Christian Council (crosses and guns OK in national parks) interpret the Constitution as self -negating. Neglecting to bring law into context of the current situation is suicidal culturally, economically and ecologically. If any group are loyal servants to the speciating (seceding from the human race) oligarchy it is the 5 justices who have perverted the meaning of conservative to : Kissing wealthy butts. Maybe they'll expire from the next swine flu wave and we'll be saved for another round of class warfare. If not, the working people and the unemployed are meat.

    I just attended a "death panel" for a senior friend conducted by Rev. Davenport at Cleveland County Hospital. Making a living will is forbidden by many Congresspersons. The preacher did a great job of describing some extraordinary means of life support. Even I was awed by the helplessness and panic one might feel when a trachea tube is inserted. I think I'd rather die than remain on ventilation for an extended time. That's what the USA is on I guess- financial ventilation. Vince shoots dying livestock to minimize suffering: He is a principled farmer who respects life.

    People like Anna and I need a farm, not an Orgasmitron.(Woody Allen-Sleeper) Don't pass the Orb, Ethan... unless Bill Moyers wants it. Does the Resistance have enough recruits for sex yet?

    Sharing the Blame

    The lendee is the accomplice of the lender, for without One there truly is no other.

    =
    MJA

    Artie 4-26 1:10pm if TBTF failed there would have been 8.5% unemployment, small banks would be the only loan makers (but loans they would make), INCOME-BENT politicans would have to look to citizens for campaing funds, Stupid Idiot Ivy League CEOs would be on the un-employment lines---after getting out of jail---the stock market would be priced at reasonable levels,AND
    Brooksley would be awarded the RECALLED medal Bush GAVE Greenspan, AND
    Anna D would again be happy!

    If only...

    Billy Bob Florida

    We better understand quickly that the same mechanics responsible for the rigging of the financial system and the hollowing out of journalism is also at work dismantling public education, and for the same reasons. We better start connecting the dots to understand who profits from this demolition, why and how.

    Bill Moyers' Journal is over. Long live Bill Moyers. Now let's get even angrier and busier.

    While were at it, we might as well tune in to David Sirota on Colorado's AM 760. He does a good job of keeping the fire in the belly burnin'.

    Yes indeed "he will be missed."
    The "crises in EUROPE are spreading" rapidly, the
    GREECE, PORTUGAL, SPAIN, BALKAN and others. With an ongoing
    war, ponzy scheme economy in Europe and US, it will take more than just
    a ""shiny light to get us through the darkness!"

    "Will Lawmakers Avert The Next Financial Collapse?" No.
    I do not believe it is possible "to Avert a Financial Collapse" from what I have seen so far in my life.
    With market down by 213 points, unemployment, oil spilled, closing plants, factories, war, eviction etc. we are not too far from a meltdown and crises. It has been more than one year and a half, nothing has change or accomplished.
    No action has been taken to stop "Fraud". The justice system is corrupt.
    The "Debtors in Possessions" as a person have unlimited constitutional rights. The Bankruptcy courts have consistently violated the "Individual Rights."
    Rights that "MUST" be and "should have" been protected under the Constitution are none existence!

    The Journal has once again demonstrated what a truly wonderful and valuable program it really is, and how much it will be DEEPLY missed. Mr. Black has really "hit the nail" as to the root causes and implications of our financial problems. As a business school graduate myself, the only emphasis in the classroom is the maximization of shareholder wealth, with little regard as to whether that financial return on investment is in the best interest of the shareholder and the larger society as a whole. Short term profits, quarterly benchmarks and bonuses are the only things that seem to matter today. The problem really boils down to human nature; our own self-interest and short-sightedness. If we ever hope to stop these financial calamities and reclaim the American Dream, we're going to have to hold our pillars of the community (including our elected leaders and business community) to a higher standard, and this requires that those who fail to live up to those standards face severe punishment. It is never fun to acknowledge our shortcomings and deny ourselves what is in our own (short-term) self interest for the betterment of ourselves and society, but if we hope to continue to grow as a free and productive society, then these are things that we must do. I hope we end up with responsible financial reform (bring back Glass Stegal, end "naked" CDOs), and I hope that we can acknowledge our short-comings and responsibility to one another, but I'm not holding my breath. Thanks again Mr. Moyers for all that you've done to help "shine a light" as we stumble throughout the darkness, you will be sorely missed.

    THIS simple FACT

    is what ALL "reform"

    needs to address.

    THIS:

    "The banking system lends only the principle of those loans, and yet requires the repayment of the principle plus interest, meaning the banks are

    ALWAYS OWED MORE MONEY THAN EXISTS IN THE ECONOMY.

    Do NOT deviate from this FACT.

    Deeply ciminogenic is a FACT in such a system - what other option is there? NONE.

    If the FED and Bernacke did not SUCK OUT as much as they had PLANNED for to pay off the mercernary army

    then LEAVE and go get it elsewhere.

    MJA's two cents still PROVES that DELUSIONAL systems of finance DEPEND on psychobabble.

    EVERYTHING ever accomplished over generations of OLYMPIC LABOR

    in the way of BUILDING CIVILIZATION,

    according to what the FED DOES

    is TOO EXPENSIVE, MJA.

    DOes that make sense to anyone...?

    What would happen if these three people got together in a room...? That's what is going to happen SOONER

    rather than later...

    Quotes:

    WILLIAM K. BLACK, "It's deeply criminogenic. And this ideology that both parties are dominated by that says, "No, big corporations wouldn't cheat. Fraud can't happen. Market's automatically excluded," is insane. We now have the entitlement generation as CEOs. They just plain feel entitled to being wealthy as Croesus with no responsibility, no accountability. They have become literal sociopaths. So one of the things is, you clean up business schools, which right now are fraud factories at the senior levels, right?

    WASHINGTON — Failing to curb federal budget deficits would do "great damage" to the U.S. economy in the long run, Federal Reserve Chairman Ben Bernanke warned Tuesday.

    MJA - Rather than regulating the banks to avoid another finacial collapse I think it wise to simply regulate ourselves. Had we only lived by our own means or purchased only what we could truly afford, the bubble would never have been created, nor would it have burst.

    Self Regulation

    Rather than regulating the banks to avoid another finacial collapse I think it wise to simply regulate ourselves. Had we only lived by our own means or purchased only what we could truly afford, the bubble would never have been created, nor would it have burst.

    =
    MJA

    Mine is a simple and as much as a product of public education as it could be!!! It is defined as this.
    I being a normal citizen looking out on a corupt world of piddly thieves and liars see them burn in a justice system that is seemingly right in a due process of legal and true faction in which our forefathers created.
    (NO COMPLAINTS THERE)
    However when the Government muscles in their version of the mob. Not killing immediatly yet in a slow and torcherously sick way such as depriving hard working law biding people such as you and I by robbing your food off the table of your blood traded achievments and forcing the unsubstanting menace of taxes that ...ARE NOT LAW.. for survival.
    The facts are they broke the LAW! The facts are they thumbed their nose at their purchasing the Government we trusted!
    The facts are they run free!!!
    destroying and steeling the souls of you and I to this day and please God not forever more.
    How do we destroy these fascist greed cyborgs?
    apparently these cheesy mindless weak individuals who live of despair and not food must be destroyed through jailing.
    I love the comment of the three strikes your serving life behind bars!!!
    Im sure that would be great incentive to make us a prouder nation...
    Sincerely,
    Jon M Price

    ☼ Regulate ...Regulate ...Regulate! ...and, the People need to be able to Regulate the Regulators! ◄:)
    ☼ So, on the Bright Side, the Sociopaths of Wealth are Grabbing their "Boards" and Yelling: "Serf's Up!" ◄:)
    ...Well, It's a Good thing that we have the Purveyors of Perception [Media & PR people among others], to convince us how Good this will be for US! ◄:)
    ☼ But Bill, on top of that, we will losing you ...You, who reminds Us that when They talk about "An incoming tide raises all boats" ...You won't be the voice in the Wilderness to Remind us that Most of Us Don't have Boats! ◄:)

    In September of 2008, Bernanke, Paulson, et al. told us that our economic system would collapse if TARP/bailout did not occur. Can anyone tell me what would have happened and where we would be now IF we had let the TBTF institutions actually fail?

    CAMPAIGN FINANCE REFORM...
    It is what it is.
    We cannot have justice and representation in our country again until we eliminate the root of all evil, MONEY. GET IT?

    James Monroe Powell wrote, in part, "In fact, as Professor Black correctly points out, within this illicit culture of white collar crime ethical behavior was not only frowned upon, it was punished by the higher ups profiting from the fraudulent transactions. However, since many of these white collar criminals held degrees from prestigious institutions, their actions were not only adopted as standard practice by other institutions, but served as the accepted business model for our financial system."

    And so now what?

    What kind of "jobs" are such people going to "create" to put people back to "work"?

    In an oliGOPolic market, everything will depend on what one considers to be "god's work" - Mr. Hawkings, the TV physics guru, is warning earthlings not to talk to aliens...so what kind of "science" is going to be funded now...?

    Detroit, according to the "math" being done on th elink provided by Mr. Moyers, will NOT get back to the same employment numbers unti 2038, according to the "numbers" as they stand now.

    So does that mean that anyone who is 30 years old in that part of the country might not have a "job" until they are 58 years old...? They have to lie, cheat and steal, become a Jim Jones religious leader, get into the drug and weapons and sex slave trades for "job security" until an oligarch decides it's okay to manufacture a better battery in Detroit?

    The oilgrifters, er, oligarths already said "...your job ain't coming back..."

    No matter how you look at it, it WAS a conspiracy to bring down the infrastructure of the PEOPLE'S civilization in the USA, as contrasted with what the "corporation person" considers to be "civilized".

    How many years are we going to keep warming the air under our noses with talk about "Iniquity 101"...?

    James,
    The more that I contemplate the situations that our country faces, the more that I believe our political governance is a being existing outside of our interests and control. Our government seems to have become the “Great Circle of Life”: a dependent, compulsory relationship between government and significant outside entities which requires an exchange of influence (through the direct exchange of monies, or the interchange of influential persons/positions) for the purpose of producing desired outcomes for the parties. I’m pessimistic whether we will truly look for, and find the solutions to our economic / financial crisis given this political arrangement.

    Fraud is openly occuring in courts, with the judges assistance. Cases are not being adjudged on the merits, and open, "judicially noticed" fraud schemes are prevailing in court.

    In my case, a stolen modular homes title was extorted, under color of law...creating an ongoing crime by the attorney. The thief has retained use of the stolen house, unfettered by law enforcement (refusing to give honest services of public office investigating crime) since 2003. Thief admitted to planning the unautorized control, delivering value to the storage buiness owner at his residence and making a "Quid Pro Quo" that entirely disregards notice and a public sale legal requirements of the storage business.

    They hired a lawyer to disguise their act as lawful. He created a cover up "sale" on August 18, 2003 to account for theft reported July 15, 2003. It is a "fraudulent artifice".

    The refusal of the couty authorities to investigate and pursue crime, reported in July, then willfully assist the attorney, influencing the judges involved is prohibited by judicial Canon, yet breached often for political purpose . The cover up scheme was detailed in the initial complaint filing in a clear request that the "sanitizing scheme" is fraudulent and does not provide the burden of proof for theft a month earlier.

    The scheme has one purpose, to make a "better" title, under color of law. The scheme has extorted the title to my property, and the thief was given title to the stolen house, after receiving the information the defense pleading was clearly fraudulent.

    The court has ignored more than 10 judicial notices of the fraud scheme, then certified upon appeal, knowing the defense pleadings are fraudulent, (a federal crime by the judges doing the act), knowingly allowing fraud to prevail, (see 18 USC 1017,1018).

    Kai,

    Regarding your idea of an “aversionary government”, I think that you’re implicitly referring to what appears to be our government’s aversion to fulfilling its part of the Social Contract. As Rousseau forwarded within his essay, “The Social Contract”, men agree to exit from the state of nature, where they are all free to do as they please - which includes defrauding others - by removing themselves from this amoral primitive condition in order to gain the benefits of societal cooperation, collective action, and the legal protections afforded by a Democratic Republic from foreign or domestic threats.

    However, the monied interests, which heavily influence congress, desire “to have their cake and eat it to.” In other words, they want the protections afforded by government, bale out money, but they do not want to be subject to any of the laws which constitute government. Although this position is somewhat around the bend, many politically influential businesspersons hold to it steadfastly.

    As an end result, you end up with a farcical financial system with a perverse incentive system which rewards failure, quantity of loans instead of quality of loans, and a corrupt and utterly selfish culture who’s sole aim is personal monetary gain even at the expense of others. In fact, as Professor Black correctly points out, within this illicit culture of white collar crime ethical behavior was not only frowned upon, it was punished by the higher ups profiting from the fraudulent transactions. However, since many of these white collar criminals held degrees from prestigious institutions, their actions were not only adopted as standard practice by other institutions, but served as the accepted business model for our financial system.

    Wasn’t an IMF loan the ultimate goal? Just another piece to the puzzle. http://news.bbc.co.uk/2/hi/business/8641631.stm

    Thank you so much Bill Moyer and all of your guests for presenting this information. I use to work in corporate America, and saw the very corruption you speak about up close and personal. It is very sad how those of us who would have liked to have changed the system either left or were chased out. I'm just glad that the truth of how Wall Street operates is finally coming out. I hope new legislation will bring about the needed change. But, again thanks for all that you have done to bring it to the public's attention. It was an excellent show!

    James,
    It seems that our country suffers an “aversionary” government: adverse to what is needed, adverse to what is right. The influential factors of political or ideological deference matter more toward the repealing of laws (regulations) or the indignation for their enforcement than supplying a safe and secure economic system. Given its severe outcome, at some point we should recognize that our financial / economic system is a deliberate design. It was given the purpose of making money for those whom wish to control it, and those whom benefit from the sale of its control. I think that Bill Black’s point about “control fraud” deserves a more broad application in terms of a systemic political treatment. Professor Black makes clear that the failure of the firm is not a failure of the fraud. While a company is left is ruin, its officers will still have retained all of their personal wealth derived from the fraud. In the broad picture, the same can be said for our country: even though our economy is in ruin, those whom are influential still retained all of their personal wealth derived from the frauds that brought it down.

    Another great show! Mr. Black's three strikes law sounds like it could be the solution to get rid of corrupt lobbying. I wish Congress would pass this before anything else.

    Mr. Moyers,
    We need your legacy of placing the best amongst us, before us, to continue unfettered.

    "Jack Martin" & "Anna D",
    Get a room.

    BOB LEVINE WROTE, "In the macro when nationalized these same factors recognize systemic genocide for negative eugenics."

    AND then I asked him,

    "Don't know exacly what you are talking about when you say "negative eugenics"...?

    Breeding large numbers of "autistic" people...?

    Details, details...Mr. Martin.

    I'm SERIOUS, go get the

    EVIDENCE

    from the religious sites..

    c'mon, go back and watch cable TV POLITICAL shows to REMEMBER how freekin' "religious" everyone was as Martha got set up...

    Mr. Black, what "they" reveal about themselves in their code-conversations about the "global" world order

    will make you re-think your MILDER, more tactful "literal sociopaths" diagnosis.

    Everytime you witness the depth of their MENTAL/EGO depravity,

    they DO manage to go lower...be warned...

    "Jack Martin" goes by many names as (IT) info-tech psycho in charge for RELIGION psycho ops...

    hilarious one-liner from "Men Who Stare At Goats" - "Sir, what is the practical application of this exercise...?"

    Make sure to sip some "celestial Seasonings" tea as you read on, 2005 was THE banner year...start there and go back and forth...it's a "fractal"

    :-))

    Black says that both Republicans and Democrats subscribe to an ideology that encourages financial fraud. Do you agree? Why or why not?

    As to the extent which both parties subscribe to Professor Friedman’s failed paradigm of non-governmental intervention in free markets is debatable, but what is not debatable is the fact that this non-regulatory paradigm, which is squarely posited on the naive notion of self-regulation, has recently been proven to be not only economically false, but inherently dangerous to free market systems.

    For the most part, the paradigm assumes a naively optimistic view of human nature when it asserts that rational men will inevitably pursue their self-interest, and free markets, if allowed to, will regulate themselves. Apparently, this self-regulation is the natural result of a drive by executives to avoid the preverbal gallows of bankruptcy, and in so doing are compelled by the market into behaving ethically.

    However, in the real world, men do not necessarily behave rationally, or ethically. Especially, when it concerns making more money, they have and will engage in risky behavior even at the expense of others. In fact, it has been blatantly demonstrated that the drive for maximizing one’s profits will, and has compelled most businesspersons to become involved in transactions which even Professor Friedman would consider fraudulent.

    At any rate, both parties now find themselves wondering why perfectly rational businesspersons would behave so irrationally? And, questioning whether individual actors should be perfectly free within the marketplace to do anything that they chose, or should some restraints be placed on those market actors? As I see it, criminals detest laws or regulations because they are inherently lawless, but for the lawful actor, the regulations, which some may consider a nuisance, are there to protect them from the unethical confidence trickster out to game the system, and make a profit at the expense of others and the government.

    If government officials did not enforce regulation that was already on the books, do you think the new regulations being proposed in Washington will help prevent further economic disasters?

    Simply put, those government regulators, who of their own volition chose to look the other way, and failed to do their due diligence while in office should be demoted, forced to resign, or terminated. Next, the watchdog needs to be given back his teeth, and this false ideology of self-regulation needs to be exposed for the hoax that it is.


    Do you expect lawmakers to act responsibly to prevent the next collapse? How are you working to encourage them?

    Although you would expect that it would be in their self interest to do so, I won’t naively assume that most will act responsibly. So, I would like to thank Bill personally for providing concerned citizens like myself with a place to “grind their axe” and express their worries about this great experiment we call America.

    Best of luck in all your future endeavors,

    James

    Will Lawmakers Avert The Next Financial Collapse?

    Mr. Black's analysis was accurate and refreshing.

    For a general overview of the evolution of subprime mortgage-backed credit derivatives, visit:

    http://donovanlawgroup.wordpress.com/2010/02/19/how-credit-derivatives-brought-the-u-s-economy-to-the-brink-of-a-second-great-depression/

    Mr. jack Martin,

    Man, how you doing?!

    Missed you like Lara Croft would miss the games with the killer robot toy

    But what a disappointment, that's all you got in the way of a

    NON-FACT-BASED

    apolopy

    for the INIQUITY

    of the "elite", Jack Martin?

    Hmmm, it looks like the psychobabble skirmish is winding down since you have no

    EVIDENCE

    to offer that you are SANE, yourself.

    What was in that kool aide?

    Jack Martin came out of the hiding to fire the bullet (take note, DCEDDY, the most ambitious psychos will be firing now)

    "As usual Anna D. has found a fertile analogy: that autism is a plot to produce drones, but I doubt increasing autism is any more than another degrading externality of the ideology Bill Black criticizes. The Polish exhibit nothing special in their fight for daily survival (They are a diverse amalgam genetically and culturally and have no monopoly on the Black Market.). So Pat Ager and Anna like the fetish of voting (especially absentee, from the struggle, voting) as a substitute for reasoning.
    It is the difference akin to the gap between multiple choice and essay questions. Race to the Top (a gentler No Child Left Behind)leads to the Gomer Pyle method of test taking, and produces mental cripples and monsters, making Anna's autism conspiracy redundant."

    Since we are required to post an email address, if any REAL peace officer BELIEVES there could be something to the FACT that certain internet religious sites were/are the "managers" of this hell on earth

    (seriously, they BELIEVE that we don't have the right to take care of this PLANET ala the ONLY way it can be done - by having a piece of property assigned to you. Look at the EVIDENCE of what corporation person did to the land to "create" the "interest" on the principle in the FRAUD game of "where is the money....?" Talk about someone NOT deserving to "own" property!)

    I can provide TONS of evidence and direct you to the religious blogs where this is all PROVEN - get the subpoena ready...

    Indeed God works in strange ways...and the Poles always get a break, dumb luck, no doubt...so when looking about the planet at all the other "diverse amalgams", they (the "elite" who did not die in the crash?) will probably decide that their immediate neighbors -

    north south east and west -
    are the better choice of "devil"...similar EXPERIENCES lead to similar UNDERSTANDING of what it means to have "literal sociopaths" running around without regulation playing "Emperor With No Cloths"...

    although a large proportion of those who "voted" for Obama will probably "fall in love" with the naked fantasy all over again...and not hear a word he's saying.

    Escalated the opium war, and got the IRS a new "penalty" source of cash through "health care" reform...what a hero to the "minority"...

    Both stories tonight were great. Your comment about being asked about sanity while in the supermarket is quite appropriate. The question is who will let us see this insanity when you leave. Great show. Good luck and thanks. And you look, think and sound great, and at 76. Wow!

    i suppose the optimist will say, Bill Moyers will be replaced by as bright a light. yet, the 57 year old in me responds, "not necessarily so." Our history and current times are filled with long rooms of prolonged darkness. you have been a valued companion and teacher along the path of my living Bill. Thank you for sharing your rare gifts!

    The thought process will continue with Bill Moyers in a lesser role. The scariest thing this week was the cultural observation by Dr. Black that commercial ideology has not been tempered by recent dislocations and that business schools continue to turn out "monsters" because of their prevailing ideology. I liked especially when Bill Black quoted from a widely used economics textbook to the effect that regulation is unnecessary because marketplace fraud corrects itself. This is true; but only from an oligarchical point of view: An archetypal example of "half-truth."

    If one adds the testimony of Talkback poster Bob Levin to that of FCC commissioner Michael Copps we understand how the Internet is closing around the human mind rather than providing an open range. Cyberspace begets mostly monsters too because it's nature is detrimental to the human thought process which is as fragile as the natural ecological world. As early as the 1960s television had been revealed as "the plug-in drug" (Marie Winn) and Jerry Mander was cursing the commercialization of emotion which had made him wealthy. What is the Internet but the CRACK version of the cocaine we call TV? Maybe Crack has its place in anesthetizing the wounded mind... I can't say.

    Poster Pat Ager might be correct if the majority of citizens had any assets to speak of, but Oligarchy means all the mercury has gone to the bulb and this is a super-cooled economy of wage slavery for 80% of workers, Syncophantism for the servants of the Elite, and eventually a shrinking Elite as they inbreed and cannibalize.

    As usual Anna D. has found a fertile analogy: that autism is a plot to produce drones, but I doubt increasing autism is any more than another degrading externality of the ideology Bill Black criticizes. The Polish exhibit nothing special in their fight for daily survival (They are a diverse amalgam genetically and culturally and have no monopoly on the Black Market.). So Pat Ager and Anna like the fetish of voting (especially absentee, from the struggle, voting) as a substitute for reasoning.
    It is the difference akin to the gap between multiple choice and essay questions. Race to the Top (a gentler No Child Left Behind)leads to the Gomer Pyle method of test taking, and produces mental cripples and monsters, making Anna's autism conspiracy redundant.

    Bill Moyers Journal has been a crutch for some, training wheels for others, and a harmless amusement for most. Bill would be the first to admit this truth. Things are not as bad as I feared in that the Journal continues swimming the polluted, mind-killing ocean we call Internet, and no silly fool has suggested Bill Black and Michael Copps run for President and V.P.

    This forum began to look like an old Robert Crumb Comix from the 70s, with lurid-extreme caricatures fighting out their immutable natures, after about 5 years: Predictable but Naughty. The majority of us must please the Oligarchy in our daily actions like a rat pushing a bar to get a pill and so this forum preserved the fiction of our personhood and our free will. Bill Moyers indulged our hopeless fantasy hopes in a ruined and justiceless Hell. Bill Moyers is loveable and smart, but for those who have surrendered their minds to the commercial illusion, he is one "ratbastard" (delaying the wage slaves in their incessant bar pushing).That's a paradox, but them's the facts. Most Americans can no longer keep their own "journal"(due to prevailing injustice and unfairness: our screwed up socialization) and so comes the implosion of half-assed democracy. Bill Moyers has been a keeper of the definitions of basic concepts, and there lies his contribution. Who among us will remember these things when he's gone?

    From reading this forum, it’s clear to me that most of us appreciate the knowledge, perspective, candor and passion that Bill Black brings to the discussion of our financial crisis. And while I very much appreciate the opportunities to listen to Professor Black on the “Journal” I am struck by the fact that the larger, more predominate broadcast and cable media cannot see the opportunity to reveal the lessons that Professor Black can present to the American people. We talk about the subornment of the regulators (i.e. the Government); and rightfully so. But what about the press coverage of our economic crisis? To what degree has our press have been suborned by the influence of money, from the greater profits of “entertainment” media?
    Our “watch dog”, the only enterprise constitutionally protected against the intrusions of government, is missing in action in terms of effective coverage of the financial-economic -political crisis. When the National Inquirer can be in the running for a Pulitzer Prize because of their investigative reporting of John Edwards, it’s time to ponder whether our “watch dog” has died from an infestation of fleas. Curiously, when Martha Stewart was up on insider trading charges, the Press were like sharks in a sea of blood. Bernie Madoff recently became fashionably notorious; captivating hours programming.
    Yet, here the rest of us are floundering in a sea of governmental ineptitude, fashioned by sightless ideological opportunists and the prominent financial elite. And the Press? Well, can’t see them from this sinking ship.

    The only thing the average American citizen can do to protest this financial system is to "vote with their wallets". They can remove all of their cash,credit, investments, etc from the 6 major banks.
    Use local banks and local investments. Pay off their credit cards and pay off the monthly balances as they occur. The congress/senate are incapable of producing reform in the best interest of the American people.

    Three Strike rule for Corporations, YES. Plus deny any corporation from making political contributions if they are convicted of a felony, YES.

    If corporations want the rights of citizens then they must follow the rules PERIOD. We the people must be protected against criminal activity. This is a primary role of our government.

    Bill ~

    You told us last week that your reason for leaving "The Journal" is simply that it is time to go. I respect that, but please know that your presence as one of the very few remaining voices of reason in the arena of public discourse will be sorely missed! I cannot imagine a time in this country's history when such a voice was more vitally needed. But, go you must, and I will swallow hard and hope for the best.

    As a small gift to you, I am sending along the following poem by the Chinese poet Wang Wei. Entitled "Leaving Wang-Chuan Cottage," the tender sentiment expressed in these lines must be very much akin to what you are feeling as you leave your PBS "cottage."

    "Sadly, with deep longing to stay on, I drive my
    carriage
    Out of the pine trees twisted with vines. . .
    I must endure the sorrow of leaving these
    green mountains,
    But can I forget their blue streams?"

    Thank you for the many hours of insightful, thought-provoking, and informative programming that you have provided and may your memories of "blue streams" be as fonf, numerous and long-lasting as those that you have given us!

    Dennis Cabral

    Love the idea! 3 STRIKES LAW for Corporations!!! I can see the jail house food line where Goldman Sachs gets a scoop of sloppy grub, J.P. Morgan Chase snarls at Citi Group for their corn bread, The Dresner Co. afraid to go into the shower area...oh, what a dream it would be!

    Great show ! Better yet, Outstanding ! Both guest were like bright lights in in a political and financial world encompassed in a darkness of self serving greed and immorality.
    See you next Friday ,Bill..thanks.

    WILLIAM K. BLACK, "It's deeply criminogenic. And this ideology that both parties are dominated by that says, "No, big corporations wouldn't cheat. Fraud can't happen. Market's automatically excluded," is insane. We now have the entitlement generation as CEOs. They just plain feel entitled to being wealthy as Croesus with no responsibility, no accountability. They have become literal sociopaths. So one of the things is, you clean up business schools, which right now are fraud factories at the senior levels, right?

    They create the new monsters that take control and destroy massive enterprises and cause global economic crises, cause the great recession. And very, very close to causing the second Great Depression. We just barely missed that. And there's no assurance that we've missed it five years out."

    Just like the Navajo language was used as code during WWII, the ENTIRE One World Order Scheme was being managed on a handfull of "religious" websites...

    Are we finally at a place in time where we can be certain that the truth is going to be stranger than fiction?

    Yes, the "shorts" won on the "liar's loans".

    But that IRRATIONAL and IMMEDIATE shedding of jobs leading to a prolonged 20-25% unemployment rate

    is how the "longs" are going to WIN the same amount of property and money as the "shorts".

    As noted, "they" started firing everybody

    who was STUPID enough

    to not play the game with them a while back..

    and collected all the psychobabble needed to do it en masse as they passed the baton to Obama.

    So now how do we all

    fee-ee-ee-ll

    about "literal sociopaths" being the fresh new crop of "Masters of an Insane Universe"?

    I was in Poland, Mr Moyers, not as a reporter but as a student. It wasn't "imagination". They were doing everything needed to maintain their REAL civilization under a "black market" type of operation - following their own rules. They had figured out that everything was going to crash so they ignored the rules and lived by why worked - the "black market"...sorry to break the romantic bubble - things work differently in countries where everyone has the same cultural touchstones with which to speak to one another. No struggle for "unity' it's already there.

    Hate to say it but Grandpa, a Siberak, and his buddies from WWII placed bets on WHEN "communism", or wha'ever-ism, would CRASH.

    Following their own rules is ALSO what the banksters are doing/have done...

    Except they are doing it to establish a total-klepto-arianism regime...inevitable that we need to invent crazy words to go along with crazy ACTS.

    Does anyone know whom to write at PBS to complain about the demise of NOW? And to request that a similar format for BMJ continue?

    Who would listen? They still need our money, don't they?

    Bill,
    You have been the ONLY one asking the questions I wanted the answers to. You would shake your head and roll your eyes when the answers came -- as if you knew what your guests were saying was true but you still didn't want to believe it. WHO will be brave and caring enough to continue to ask the questions? You have been one of my greatest Teachers.

    I think the Republicans are out there somewhere in "make money" land. As for the demacrats I think they were so WOWED by Clintons success against great odds they became sold on the "bargaining" statey of the Clinton years. This has lead to a rejection of taking the tact of being a true statesman off the table for Pres. Obama. When your surrounded by theives you have to resort to the lowest commone denominator to make deals in congress Obama is surrounded by these Clintionite democrats that believe that powerful bussinesses can help them achieve the most basic of gains they wish to get. And buffer them from public opinion. After all the networks, during the Bush years did drive home the fact that they were soley agianst anything that might even hint at what they call "socialism" as being a negative trait in any politician. As for government enforcing regulation... I'm doubtful. Even if the demacrats do achieve a degree of regulation. Unless new laws are enacted the next bunch of political plunderers that gets voted into office this comming election cycle will do just what G.Bush's crony's did and put us right back to square one. Do I think the lawmakers in washington will fix anything? Sadly no. Thier gonna want to raise our taxes to do this work and everyone will get pissed. And rightly so. We're spending BILLIONS of dollars on wars we know we can't win and on a USSR sized military industrial complex. We're giving tax breaks to MILLIONAIRES so they won't leave america and go overseas like Halaburton did. So they're not contributing by any means to the country. And we're asking people like me who made only $12k last year to balance the budget. And then guilting folks who have it far Worse then I do that if you want these things you gotta pay for it. No... Washington is like a bunch of teenagers who's parents have given them a credit card. They're prone to spending the money as to make themselves look sharp and make thier friends love them. But not to pay the bills. We have 15% unemployment in Michigan here. I got online to the DNC to ask them why listed in "goals" the unemployment problem was'nt listed. This was a week ago and all I've gotten from them is computerized e-mails asking me to contribute money to what I deem as abstract causes seeing I need an income YESTERDAY. like global warming,healthcare and booger picking or whatever. I believe the e-mails I've sent the last 2 years to my congressman and my representatives and to the dnc have fallen on deaf ears. I know they have as I always get automated e-mail responses and some of them I've found later were'nt even from the politicians or the PARTY I sent the original messages to. But from conservative groups using ambigious language to fool me into donating money to them. I feel powerless like David up against Millions of Goliaths, While my fellow demacrats look on dissinterested or fearful or perhaps preoccupied with the booger picking bill in congress.

    In response to a previous comment:
    To say that lack of regulation was not the cause of the lack of market discipline may be true when it pertains to the investors. For it was more a case of them being defrauded not lacking discipline with there investing which caused there losses. But when it comes to lenders and wall street bankers, you would be surprised how self disciplined a person can be when faced with prison time for breaking laws or regulations. To say there is no need for regulation, and that the markets will police themselves is to deny human frailty, including selfishness and greed in this world and to deny the abysmal history of not regulating markets of the past. It is to me, being either very naive or being totally misinformed and brainwashed by the corporate propaganda machine.(Fox News etc.) Greed begets more greed and the largest corporations and the Wall Street banks have figured out a long time ago that lobbying congress carries by far the greatest return on investment. Since they by far, have the most to spend on lobbying, they are now in control, and by getting congress to remove or reduce regulation or add regulations that favor only themselves, the richest of the rich have a huge advantage over everyone else. The richer, more powerful (and greedier) they get, the more they lobby and it becomes an even more non competitive market. A vicious circle now exists that will eventually cause the destruction of there so called "free market" which is even now, a farce. And our government is nothing more than a corporate conglomerate oligarchy. There is now just a few big fish in every sector of our economy eating up all the little fish. From Wall Street banks, to health insurance companies to pharmaceuticals,to agriculture and food producers, to big oil companies, to defense contractors etc. etc..all of these cartels have an overwhelming majority of market share. This is what causes "too big to fail" and therefore the moral hazard requirement. Either we bail them out or have a global depression that would make our GD of the 1930's look like a picnic.
    These big CEO's know it and plan on it, and therefore can afford to take such big risks with other peoples money, making themselves the big winners and our tax payers the loser. Yes the home buyers and the investors all bought into the scheme. But only because they were all defrauded. Deceived and lied to, and kept in the dark about the derivatives that were being used to bet against them. Which makes the case for more regulation, transparency and oversight of these potential crooks, not less deregulation as you imply. I also personally think they should bring back the 90% corporate income tax. They never really paid that because of all the loopholes in the tax laws, and it would help prevent the "too big to fail"/moral hazard dilemma, by capping how large a corporate conglomerate could get and therefore, maintain some bit of a real "free market". Let's also start enforcing anti trust laws again which have been ignored or been made totally useless since Saint Reagan took office in 1981.
    And lets start supporting union wages or living wages again instead of destroying them as we have been doing since Saint Reagan thought it was so cool. It is what built the middle class and the power of the consumer which is what really drives our economy, Not credit cards and risky loans, or tax breaks for the rich who will not invest in more production or services that nobody has the money to spend on. Trickle down has never worked and never will and is anti productive fiscal policy that has been a big contributor of our huge national debt, and a dismal outlook for our economic future and our childrens
    future.
    Daver

    Dear Mr. Moyers,

    As you mentioned, the programming staff asked you to stay on until they had set up a similar program. We are two of your weekly viewers and are doubtful programmers will find a reasonable replacement. Unfortunately, we don't easily encounter fact finders and insiders like the two guests on last night’s program, 04/23/10.

    Both of your speakers were on point, Mr. William K. Black on Fraud, and FCC Commissioner Michael J. Copps on 'free' "broad band" communications issues. These discussions are at the forefront of our personal concerns as we plow through thickets of written & web 'news' for any in-depth investigative reporting or commentary.

    We are very appreciative of your work and hope the staff won’t abandon its audience. What a shame if, as the media has finally found its educational mission, it now dismisses a “Bill Moyers Journal” standard in continuing this primary civic responsibility.

    Lastly, age 70+ is considered young when someone is focussed and deliberative; a great health and fitness example for all.

    Gratefully,

    S. K. Blow & G. Blow

    Bob levin wrote, "Re: Ongoing COINTELPRO operations, the CIA Torture Paradigm, the terrorism and torture of government whistleblowers under the constant threat of death.

    Since leaving the FBI and becoming a government whistleblower, I have been sanctioned for the past decade by illegal ongoing COINTELPRO operations. In a few weeks when I publish my full story online, one section will explain the egregious criminality and conspiracy of Comcast, Inc. and their participation as an unconstitutional and anti-American actor within COINTELPRO.

    What has happened in America is the creation of a media or more accurately a propaganda ministry employed by corporatists for the delivery of classic counterintelligence reverse methods for the application of the tactics, techniques and technologies that have remained in the testing and development phase since CIA MK-ULTRA.

    These evolutionary replications have been layered throughout the total fabric of human existence. In the micro they erode the individual sense of self-identity in human beings to convert a once meaningful life into an existence of adjunct human slavery within a virtual death camp environment. In the macro when nationalized these same factors recognize systemic genocide for negative eugenics."

    Don't know exacly what you are talking about when you say "negative eugenics"...?

    Brreding large numbers of "autistic" people...?

    Yes, language games have been played. Especially with the words "religion" evolved over time...

    I see no difference in origin, purpose and results

    of "secret" CIA programs

    and the first iteration of such a program in the language of its time

    that exists as a "hoax" document called "The Protocols of the Learned Elders of Zion".

    Freedom of religion (AKA freedom of speech)

    used to be able to fix the loose screws, so to speak,

    in any REAL civilization (as contrasted with tribalism and kleptocracy)

    and that's why The Declaration of Independence came into being.

    Look, a "Just War" is just that - JUST.

    The ULTIMATE insanity, the ULTIMATE perfidy, the ULTIMATE iniquity

    is revealed in the hubris of psychotic minds

    in BELIEVING that

    TRUTH BEAUTY AND GOODNESS

    have NO RIGHTS

    to exist on this PLANET.

    Sorry, but that's just nuts.

    Remember this hippie song...?

    "There's a new Mother Nature taking over

    And she's getting us all..."

    Congratulations for the global lesson on how to create poverty in 10 easy steps.

    Fraud fraud and more fraud.

    And to argue that it is "legal"...?

    C'mon.

    Big bowl of crazy...

    We're going to have that war for the material world.

    Declarations of War are made without "permission" for the FREEDOM to wage them.

    When you fire the first shot, the laws of physics should have convinced you by now that the other side fires the last shot.

    Mr. Bill,
    May your retirement be as rewarding as your professional career has been--too bad we won't be along.

    The pinnacle of your career arrived just in time for Mainstreet to have a voice that was strong, independant, and timely.

    Thanks so much!

    Billy Bob Florida

    PS William Black was a great guest for your next to last show, brave, both from the past and current, clear spoken, and credible.

    Through the years you have enriched my life in many ways and introduced me to many people I would probably have never known of,(Joseph Campbell, my favorite.)
    I wish you joy in whatever your next endeavor. Thank you not just for the journal but for all your years of caring about the human race. Love and peace.

    Goodbye Mr. Moyers, you will be sorely missed. I have followed you and your work for my entire adult life. Well and probably since before that. I remember your days with President Kennedy so it's almost like we are lifelong friends. I've learned from you for at least that long. So I can honestly say that you've helped shape my world view and I learned how to "speak truth to power" from you. I confess that I'm not as erudite or patient as you are.
    Style, intelligence, diplomacy, the deft turn of phrase, and dang I'm going to miss that.
    Thank you Mr. Moyers. For everything.
    respectfully and sincerely,
    don nash
    Layton, Utah

    Bill, thanks for everything. You will be missed in a deep sense that echoes in the chasm left by my father's recent passing. He was a man, like you, who had a keen eye for truth and the courage to speak on its behalf. Go forth and do those "things" knowing that one fan, and many others I’m sure, will be smiling from the root of joy toward the memories you will be bringing to yourself and to those you share them with. The clever bankers, financiers, ruthless capitalists, politicians, etc... will continue their games and in the spirit of Joseph Cambell we "the American People/global community" will strive to dive into the rough and tumble dance of life and celebrate its opposing passions with our full vitality, shining our beacons on truth with a civility that doesn’t poison the well or fall prey to the schemes that tend to divide us. Imua!

    I'm really sad to hear you'll be retiring. You've long been a beacon of light and a bastion of truth. You deserve a break and I wish you the very best. But now I worry about who we'll be able to trust.

    Good bye Bill. Enjoy your retirement. Thanks.

    Another wonderful show this week. But I was so sorry to hear you say your Journal is ending this month. THANK YOU! for everything you have done. You will be so missed. I have to believe you when you say you are leaving on your own will, but I saw this week on NOW, that next week will be their last week as well. It makes one wonder, especially as it feels we need these programs and information now more than ever.
    Best wishes for your future plans.

    Thank you Bill for your journal. You have been an oasis of truth in a desert of lies. Who will speak for the good people now? Good luck to you going forward. Pete......

    Thanks Bill and Mr. Black for all your efforts. For me politics is not the solution to the problems of our democracy, freedom is.
    "Let freedom ring."


    A True Patriot

    It was the sound of chains rattling
    That begged me to stop, to turn, to see
    An American flag flapping violently with the wind
    Pulling on the chains that bound it
    Fighting to be free

    It was the sound of chains rattling
    That caused me to see
    A flag struggling for liberty
    A true patriot
    Another like me

    =
    MJA


    A BBC journalist recently stated something to the effect of: Yes, we all know the investment bankers are very clever, but they are still criminals, right?

    Mr. Black stated:

    "There's a huge part that is economic ideology. And neoclassical economists don't believe that fraud can exist. I mean, they just flat out -- the leading textbook in corporate law from law and economics perspective by Easterbrook and Fischel, says -- I'll get pretty close to exact quotation. "A rule against fraud is neither necessary nor particularly important...."

    "....Do you want to look at these seemingly respectable huge financial institutions, which are your leading political contributors as crooks?"

    Let me put it this way. Do you use strength to hurt people because the strongest might say it is OK? Of course not. So why would democrats and republicans use trickery to hurt people because the most clever tricksters say it is OK? It is not OK. It is criminal to commit fraud. The principal of Caveat Emptor was never meant to justify fraud.

    I will write my representatives. I will vote. I will stay informed.

    Bill, please don't go.

    Every friday night after your show, I say to my husband, that was the best show ever, and then the following friday comes and I say the same thing. I am already feeling the loss. Getting home from work on a friday night, knowing there was Bill Moyers to look forward to was for me, exciting. His leaving PBS is the coup de grace, but I understand he needs to move on.

    I enjoyed both stories tonight, but the second story with the former FEC commissioner really got to my gut and I made a promise that I was going to get proactive and hopefully wake up my friends to do the same. Commissioner Copps really spoke to me last night because I feel the same way as he does about the serious lack of journalism in this country and the evil forces out there who will take the last bastion of freedom of speech away from us.

    Everyone needs to get involved. It's time to wake up America.

    Drop dead, spammer. There is no way I will ever buy anything from you.

    As always, thank you Bill Moyers for providing an engaging platform for truth to be spoken to power.

    You have week after week drawn out the best insights from the most incisive, courageous, humane and heroic voices.

    Through the many dark nights of the Bush years, I turned to you as a weekly reminder that the whole world had not gone insane.

    While others were shouting, you were listening.

    While others beat the drums of war and obedience, you shone a light on the lies and made clear the consequences.

    You gave space for the likes of Howard Zinn to remind us of the best of who we've been, and the best of who we can still become -- if we are willing to get informed, speak out, organize, not lose heart.

    I have deeply appreciated the way that for 30 minutes you lead your guests through a devastating critique of Wall St./insurance corporations/corporate media/warmakers, then in the next 30 look deeply into life and death with a poet, a preacher, an author.

    When others turned to glib, sanitized, commercialized, sound-bite fueled "news", you went much deeper.

    Thank you for showing us the best of journalism, the importance of true journalism -- leading people to think critically about the issues that affect our lives, and to do something about it.

    I will miss your weekly presence tremendously. It feels like a huge loss. It is a huge loss.

    Still, your message week after week, year after year was clear. Seek and speak the truth, gather with others so moved, and take action; but don't forget to read a poem, a novel, or watch a good movie.

    May the many seeds of peace, justice, decency, fairness, integrity, history, poetry, and humanity that you have planted on your show and in your life germinate and grow in all of us who have had the good fortune to learn from and to be inspired by you and your guests.

    For the sake of her future, I pray that my 3 year old daughter grows up in a world filled with people of your character and integrity.

    Thank you Bill Moyers.


    It's down to one now; Charley Rose. Between the two of you I felt like I was getting real in depth journalism and not just FOX FLASH. Your guests brought much needed insight into relevant issues. Our Nation is in REAL trouble, truly " A Parcel Of Rogues In A Nation". Our leaders don't lead, they just get re-elected.Your commentary, insight and intellect will be missed.

    Bill Moyers the world needs more genuine human beings like you.

    Re: Ongoing COINTELPRO operations, the CIA Torture Paradigm, the terrorism and torture of government whistleblowers under the constant threat of death.

    Since leaving the FBI and becoming a government whistleblower, I have been sanctioned for the past decade by illegal ongoing COINTELPRO operations. In a few weeks when I publish my full story online, one section will explain the egregious criminality and conspiracy of Comcast, Inc. and their participation as an unconstitutional and anti-American actor within COINTELPRO.

    What has happened in America is the creation of a media or more accurately a propaganda ministry employed by corporatists for the delivery of classic counterintelligence reverse methods for the application of the tactics, techniques and technologies that have remained in the testing and development phase since CIA MK-ULTRA.

    These evolutionary replications have been layered throughout the total fabric of human existence. In the micro they erode the individual sense of self-identity in human beings to convert a once meaningful life into an existence of adjunct human slavery within a virtual death camp environment. In the macro when nationalized these same factors recognize systemic genocide for negative eugenics.

    Bob Levin

    http://www.facebook.com/profile.php?id=1137352056&ref=profile

    I was very relieved to hear that the end of the Journal was your decision. I well remember when NOW was taken off the air due to politics; at least that has not happened this time. Perhaps it makes it a bit easier of all of us who will miss your incredible reporting. The range of issues and guests has been an inspiration. All the best in your new ventures.

    I hope there is no statute of limitations on FRAUD.

    I don't believe in punishment - it's too late for that - how about restitution from these crooks' bank accounts (that may be off shore) and assets. Public hearings to expose their actions. What have we become when "gaming" is valued above ethics and the common good.

    There is a Quaker saying that is fitting here - "We can abolish nothing but we can render it unnecessary."
    Let's get creative - my goodness, shame is not enough.

    The best to Bill and his wife. We will miss you. Love

    A broader perspective.
    Looking back at America's history, there were plenty of scandals in the industries of the past. What is different now, however, is how dependent we have become on a just and fare corporate America, and how it interacts with a global society. When scandals appeared in the past, in the 1890's or the 1920's, only a small percentage of us, maybe 6%, lived in the cities. The rest of us lived on farms. Today it is the converse.

    As Bill Moyers leaves the hardhitting reporting of Moyer's Journal, he is several years younger than my mother and father.
    At my age, I have the living legacy of my grandparents that guided my formative years, and instilled in me the virtues of hard work and honest dealings. Like most of America, they lived on a farm. For our grandparents, these ideals were reflected in the small communities in which they lived, and the reputations built with neighbors,families and friends, and local markets,often for generations. Today, a 25 year old will have a multitude of jobs. The young professional must sacrifice personal integrity to mingle their identities with the corporations they work for. They voluntarily uproot themselves from local generations of family, and move accross the country to follow their corporate livlihoods.

    There is just as much corporate corruption then as now, but the corruption of industry and corporate America was something removed from the heartland. Today it is a reflection of our personal livlihoods and reputations.
    As we have moved from farms to cities we have moved from a local community to a multinational sensibility.
    Like it or not we are all in the belly of the beast, in some sense. Reputations and entities are giants, and corporate personhoods embodies tens of thousands, and interact with billions.

    The even handedness of our laws took generations to evolve. We now live in a commerce landscape that is changing so fast,and is so linked and interdependent, that only those with a sophisticated vested interest, i.e. large multinational corporations, can sit through the labarythine processes with the consistency to effect a self interested outcome.
    Do we have, as a people, the will to patiently exert a concerted effort, a counterveiling force, so that our nation and our livlihood charts a course that promotes freedoms on a human scale? Can our corporations be money makers as well as honest brokers and community partners? That is a question that can be answered, in this fast paced corporate world, in a fortnight, or a quarterly earnings report, or an election cycle.
    Thanks to BillMoyers and his marvelous crew for bravely planting seeds and sewing hope, empowering citizens to take a broader perspective than the 24 hr news cycle.Thanks for the faith in the citizen, to absorb a nuanced argument, and come up with a mature outlook

    Who's going to take Bill's place to keep us informed? Thank you, Bill. The way to fix our government is to replace our legislators. They will never enact term limits but the voters can at every election. Major corporations fund their campaigns and turn them into puppets. Only the voters can change the system.

    Both stories tonight were great. Your comment about being asked about sanity while in the supermarket is quite appropriate. The question is who will let us see this insanity when you leave. Great show. Good luck and thanks. And you look, think and sound great, and at 76. Wow!

    Hi Bill ...thank you for your many years of service to INDEPENDENT broadcasting .. I watched and listened to your interview with Mr Black on the incredible dishonesty and downright FRAUD at the very top of the Investment and banking Industry, and also at the top of government and what the government itself did to prevent PROPER regulation of these Industries. Mr. Black called them criminals and SOCIOPATHS ... they only care about making as much MONEY as possible and in the shortest possible time .... they could care less whether they completely destabilize the economy and drive us all to a second great depression, as long as THEY get out with their ill-gotten gains before the "crap hits the fan" ... I watched your program with a kind of horrified fascination which would be the equivelant of watching a TRAIN coming down the tracks to a section where a BRIDGE has been washed out, and unable to do anything to prevent it... we are not "out of the woods" yet, and we may still "fall over the cliff" into another Great Depression ... Bill, thank you for what you have done ...I will really MISS your friday night interviews ....take care of yourself, I hope you have a healthy and long retirement .... Greg (Calgary, Alberta, Canada)

    GET BLACK!!!

    Then give him a handshake & thank him for his expertise & desperately needed voice.

    Mr. Moyers who will give voice to the people like Black? As oppose to giving voice to people like Summers.

    We need you & people like you & there are too few.

    However I wish you well & know that you have earned this time, ten fold over.

    Best wishes, for enjoyment & fulfillment,

    Stephanie A. Phillabaum

    Real hard hitting, honest professional discussion with specific facts from both of the guests tonight. This is exactly what we has been degraded to almost non-existence in journalism in the past 15 -20 years. There must be a replacement for the Journal that has these qualities. Michael Copps' call for public media must be heard, or the truth behind disastors like the Great Recession will never be heard, and we will be doomed to repeat these disastors, or worse.

    New rules will just be a thing to get around and the fraud will continue. If a panel, maybe headed by Mr. Black, were appointed and allowed to determine which of these people have committed treason by their harm of a large number of Americans, punishment would be swift and, resultantly, there would be no more fraud.

    I can't do better than echo Maria's comment.
    But with NOW leaving the air, too, who will we have left?

    Bill
    As a past interloper and now a rabid fan, I will truly miss you!
    Your courage and intellect to develop programs on a very broad independent range of social, political and economic topics is a scarcity in today's directed media advocacy and brainwashing.
    I hope one will follow to pick up your heavy and unresolved works in progress!
    I will cherish your wisdom.
    Walt Knepper

    What we already know about banking fraud... http://raenergy.igc.org/bankingfraud.html
    We have a way out with the global vote _ a covenant between ourselves _ WeThePeopleIsm 1775 planet wide...
    Lowest Common Denominator in human equality is a covenant between ourselves to go where no one has ever gone before...
    http://raenergy.igc.org/globalvote.html
    Raleigh Myers

    Thank you for the light you have shed on complex topics, for the research and investigations of serious issues, and for holding our public officials to account. In short, thank you for speaking for us all. I dread the silence that your absence will create, but I wish you well in your retirement.

    Easy money attracts crooks. Always has; always will. To think otherwise is to be a fool.

    Whistle-blowers:

    I wish someone would bring up fraud that is occurring in the precious metals markets: gold and silver with the London traders: Andrew Maguire

    Thank you Bill for all your service!

    Dr. Black is one my favorite guests...


    My vote for who follows you goes to Naomi Klein!

    If I were to pinpoint a single problem hamperig our US government that must be acknowledged it would be lobbyist. Judging from the dynamics of health insurance "reform" the senate was largely responding to the interests of the corportists. Likewise, the Democrat senators and the executive branch are largely corportists. The current President surrounds himself with Goldman Sach alumni. Mr. Blacks' reference to the Wrecking Crew refers to a book by Ford which holds the premise that to sum it up by the likes of carl rove, you hold the baby under the water until it drowns. Rove is the goebbles of the americian empire. I have little faith that the whores in Washington will be effective in bringing a semblance of real respect and control to our banking system. I don't think this administration or congress are earnest enough to convince me that their interests are main street's interests. I hope they are capable of surprising me. Bill Moyers I have enjoyed your show and found your professionalism stimulating. I will miss you and your show. Enjoy your future endeavors. I've been a silent fan for a long time

    Sorry to see that the journal is coming to an end. For the last few years I was looking forward to see Bill on Friday nights. I can honestly tell that I really enjoyed Bill's professionalism and honest reporting and I really enjoyed the serious coverage of important issues and news. I will miss your reporting.

    --Sam

    As I've written so many times before. and did just last week, the problem is not with the neoclassical proposition, it is holding it in an environment of Keynesian/monetarist easy money, because the moral hazard and the absence of market discipline is due entirely to that, not to the absence of regulation. The Fed and the rest of the govt believed as much as the home buyers, real estate agents, lenders and builders in house-flipping, and indeed, thought it represented real value increase, just as they do about an increase in stock prices or it seems in any other price. It is due to the fundamental idea that possessiveness, not productivity is wealth.

    thoughtful, intelligent, insightful programming. you will be missed. God bless you in your retirement and thank you for all you have given.

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