Daily Archives: May 5, 2010

Easy money times are fertile soil for fraud

Posted on May 5, 2010 by Danielle Park

More evidence that Canadian real estate and Canadian banks have not escaped scandal amid the excessive lending and lax standards of the past few years. CBC reports a fraud suit just filed by BMO on a large fraud ring that … Continue reading →

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Bill Black: Obama needs to use the "F" word about the banks

Posted on May 5, 2010 by Danielle Park

Bill Black spoke to Bill Moyer's Journal (in Moyer's last week with PBS, retiring at age 75): Watch the clip from April 23, 2010 here. “Fraud is deceit. And the essence of fraud is, “I create trust in you, and … Continue reading →

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Meredith Whitney on Bloomberg radio

Posted on May 5, 2010 by Danielle Park

Meredith Whitney was a guest on Bloomberg radio last night discussing the shell game of the banks and the coming second wave of the US housing slump. About those insisting housing and credit have stabilized, beware she says “banks and … Continue reading →

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