William Black: Bailouts Transfer Wealth from Middle Class to Monied Class

by: Edward Harrison

In the video below, William Black, a well-known Associate Professor of Economics and Law at the University of Missouri – Kansas City and former top regulator at of the Federal Home Loan Bank Board during the S&L crisis, holds court.

His basic premise: the bailouts have been a massive transfer of wealth from the middle class to the monied class. He can be a very entertaining speaker. Watch this video for a few interesting tales and ideas. It runs just under 100 minutes.

Dealbreaker says bank robberies are down, but Black has a different idea of what a bank robbery is. Catch his book “The Best Way to Rob a Bank Is to Own One” at Amazon.

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