Was Fraud At The Center Of The Financial Crisis?

The world economy crashed in 2008. What caused this crash?

I’m watching the PBS Frontline story of January 22, 2013 about why no Wall Street executives went to prison for this.

The first sentence says: “Fraud and potential criminal conduct were at the heart of the financial crisis.”

Nonsense! The root of the financial crisis was in the American federal government forcing banks to extend loans to people who were unlikely to repay such loans.

About Luke Ford

Raised a Seventh-Day Adventist at Avondale College in Australia, Luke Ford moved to California in 1977. He graduated from Placer High School in 1984, reported the news at KAHI/KHYL radio for three years, attended Sierra College and UCLA, was largely bedridden by Chronic Fatigue Syndrome for six years, and converted to Judaism in 1993. From 1997-2007, Luke made his living from blogging. Living by Beverly Hills (Alexander90210.com), he now teaches the Alexander Technique (moving the way the body likes to move). Lessons cost $100 each and last about 45 minutes. In 2011, Luke completed a three-year teaching course at the Alexander Training Institute of Los Angeles. His personal Alexander Technique website is Alexander90210.com. Luke is the author of five books, including: » The Producers: Profiles in Frustration » Yesterday’s News Tomorrow: Inside American Jewish Journalism
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