Wywiad Billa Moyersa na PBS ... jak najefektywniej ukrasc mase
Byc posiadzaczem banku a reszta to juz dziecinna zabawa:
WILLIAM K. BLACK: Well, the way that you do it is to make really bad
loans, because they pay better. Then you grow extremely rapidly, in
other words, you're a Ponzi-like scheme. And the third thing you do
is we call it leverage. That just means borrowing a lot of money,
and the combination creates a situation where you have guaranteed
record profits in the early years. That makes you rich, through the
bonuses that modern executive compensation has produced. It also
makes it inevitable that there's going to be a disaster down the
WILLIAM K. BLACK: All of those checks and balances report to the
CEO, so if the CEO goes bad, all of the checks and balances are
easily overcome. And the art form is not simply to defeat those
internal controls, but to suborn them, to turn them into your
greatest allies. And the bonus programs are exactly how you do that.
BILL MOYERS: If I wanted to go looking for the parties to this, with
a good bird dog, where would you send me?
WILLIAM K. BLACK: Well, that's exactly what hasn't happened. We
haven't looked, all right? The Bush Administration essentially got
rid of regulation, so if nobody was looking, you were able to do
this with impunity and that's exactly what happened. Where would you
look? You'd look at the specialty lenders. The lenders that did
almost all of their work in the sub-prime and what's called Alt-A,
BILL MOYERS: Yeah. Liars' loans--
WILLIAM K. BLACK: Liars' loans.
BILL MOYERS: Why did they call them liars' loans?
WILLIAM K. BLACK: Because they were liars' loans.
BILL MOYERS: And they knew it?
WILLIAM K. BLACK: They knew it. They knew that they were frauds.
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