Was this mess a result of fraud?

Apr 05, 2009 15:40



William K. Black On Fraud

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economics

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bord_du_rasoir April 6 2009, 19:55:32 UTC
Someone else on my friends list just posted the full interview in YouTube form:
http://madamealexis.livejournal.com/1375311.html?mode=reply
I haven't looked at it yet.

Basically, where I'm at with all this is I took a look at this:

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redliner April 7 2009, 04:48:36 UTC
I agree that it's a systematic problem. The good thing about going after individuals is that then someone pays, perhaps serving as an example to others and creating a sense of justice, but the bad thing is that the system usually survives in tact to corrupt more individuals.

Of course, some individuals are more prone to corruption than others, wouldn't you agree?

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