In my last post I lavished basketball announcer Bill Raftery accolades upon one Charles Bowsher for having the integrity, the moral fortitude and well, just the onions, to stand up (via his resignation in disgust over the suspension of mark to market rules) for what is right or rather, against what is morally wrong.
Well, today I stand up and holler another Bill Raftery March Madness special, "Onions.... double order !" for one William K. Black, author of the book "The Best Way to Rob a Bank is To Own One". His interview by Bill Moyers on PBS is absolutely must viewing and can be seen here.
Please take the time to view it. I beg you. If only there were more who would stand up like these 2 men, Bowsher and Black. We need people like them, IN POSITIONS OF INFLUENCE AND VISIBILITY to save us from the den of vipers and thieves.
I don't know if any of you caught the news, I think it was on Friday, that GM is back lending into the sub prime market via auto loans (re:spur sales). Funny what a business can do when it is not on the hook for the consequences, but rather the taxpayer is. Question, is it really a sale if the person you sell your product to has no chance in hell of paying, ever? Laughable if it all were not so morally bankrupt and tragically sad.
The other news is that the President Obama has announced that the government will stand behind your automobile warranty if any of the manufacturers go bankrupt. Gee, you think there might be just a tad bit of warranty fraud in the upcoming months? I'll take the over on that and spot you quite a cushion on the bet cause you'll need it.