Government Bailouts “Coverup” according to Bill Black

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Bill Black in this interview and article talks about the government’s “pretend and extend strategy.” Refers to bailouts as a massive coverup. States “Animal House Rules in play: Will it work? It’s better than telling the truth.”

“If that’s true we’ve got to get rid of capitalism,” he warns, “because if we can’t recognize losses in a capitalist system we have no future.”

Geithner “Burned Billions,” Shafted Taxpayers on CIT Loan, Prof. Bill Black Says

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