Tuesday, May 12, 2009

William Black on PBS - reference for myself & anyone else - from April 3,2009

When you have time, take a half hour or so of you life and watch this. This never hit the mainstream media. I sent it to my congress people and never heard a thing, except for the one canned response that had nothing to do with the interview. Bill Moyers interviews William K. Black, the former senior regulator who was a part of the S&L crisis. He talks about the current banksters and how our current mess happened. I love the name of his book - "The Best Way to Rob a Bank Is to Own One." Link to video here. Just reported on CNBC the EIA (Energy Information Agency)projects crude prices to average $51.00 dollars a barrel for 2009. Oil is currently trading at $58.35, down .15. The S&P has bounced off the 900 area resistance several times today, but finally broke through and is now at 898.55 as of 12.25. The oil news might have done the trick. Oil stocks and commodity stocks were up earlier due to crude up and dollar down.

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