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>> FEDERAL RESERVE SYSTEM Latest News

MAY 25, 2013 - Zero Hedge

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Bill Black: Our System Is So Flawed That Fraud Is Mathematically Guaranteed

Submitted by Adam Taggart via Peak Prosperity blog, “When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it." - Frederic Bastiat Bill Black is a former bank regulator who played a central role in prosecuting the corruption responsible for the S&L crisis of the late 1980s. He is one of America's top experts on financial fraud. And he laments that the US has descended into a type of crony capitalism that makes continued fraud a virtual certainty - ... Read More

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