Karl Denninger: "We Need to Stop the Looting [of Taxpayers] and Start Prosecuting [the Looters]"
Part 1 Karl Denninger, who offers his commentary on the markets at market-ticker.org, speaks on the economic crisis at Liberty Alliance's stop in Tallahassee, Florida. http://www.youtube.com/watch?v=LNaBYZ6IDWk For more information on Liberty Alliance, go to this link: http://americanlibertytour.com/ Selected Quotes: "Credit has expanded in our economy in the last 28 years faster than the economy has grown in every year but one . . . . Eventually, it's going to blow up." "We have to return to sound credit and sound banking." "All the people who broke the law need to go to jail." "We need to stop the looting and start prosecuting instead." Part 2 http://www.youtube.com/watch?v=yvvZlguz2fg Selected Quotes: "Henry Paulson, our Treasury Secretary at the time, went to the SEC in 2004 and had them remove the leverage limits from the investment banks. Formally 14 to 1, he had them take it off so they could put on as much leverage as they wa...