Monday, January 23, 2012

Bill Moyers (w/ David Stockman) On "The Bankstas"

The thing I detest about self-serving, 'coming-clean' tale-tellers and lesson-learners like Stockman is how they retrospectively polish their own apples. In this case, Stockman conveniently overlooks the notorious, infamous, criminal, fraudulent manipulations of real estate and building loans by the Savings & Loan industry, famously led by one of the Sons of Bush, which began in the early '80s while Stockman was himself still preaching the gospel of supply-side, trickle-down enrich the rich economics which in a "purer" form he still seems to advocate for even today. Though he does at least endorse the re-introduction of the limitations removed when Glass-Steagall was repealed by the "bank-stahz" back in the day.

David Stockman on Crony Capitalism from on Vimeo.

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