Daily Archives: February 4, 2016


How Many Lies Can the WSJ Pack into a Chart on Liar’s Loans? 1

William K. Black has a second article in his series, this one titled How Many Lies Can the WSJ Pack into a Chart on Liar’s Loans?

If you don’t read this article you have no way of knowing just how fraudulent Wall Street has been, nor how clueless are the people that Barack Obama put in charge of prosecutng Wall Street. I had the “pleasure” of engaing one of these clueless appointees in a Facebook exchange.

Here is an excerpt from the article.

I have discovered even more amazing indicators of fraud in my pro bono efforts on behalf of alleged fraud “mice.” One of the largest home lenders in America ordered its staff – in a passage that they put in all-caps to highlight its importance – never to verify the borrower’s income on liar’s loans even when the underwriters could have done so without any expense. In particular, while the underwriter was permitted to call the employer and verify the borrower’s employment, the underwriters were forbidden to verify the borrower’s income even though they had the boss on the phone line staring at the employee’s records. Everything about liar’s loans screams “accounting control fraud” by the lenders’ controlling officers.


Hillary Clinton Explains the Clinton Foundation

Crooks and Liars has the video excerpt I have been looking for from the CNN Democratic Town hall

At about 3:35 into the video below, Hillary Clinton said about the billionaires,

They could care less about income inequality. They salve their consciences by giving big money to philanthropy. And, you know, getting great pictures of them standing in front of whatever charity they have donated to.


Is she trying to describe the purpose of the Clinton Foundation? I have often thought that the billionaires might do good works by giving philanthropy, but they might have done much better by not stealing the money from the middle-class in the first place.

One also has to wonder if the Clintons have any self-awareness at all.