Topic: Savings And Loan Crisis

Financial expert Bill Black appears on the Bill Moyers Journal to discuss his book, "The Best Way to Rob a Bank Is to Own One." Black argues that the current economic meltdown is driven by elite fraud, deceit, and the betrayal of trust. He describes a "Ponzi-like" system where CEOs make bad loans to generate short-term bonuses, inevitably leading to long-term disaster.

A report in the San Francisco Express details historical allegations linking Speaker of the House Nancy Pelosi to Charles Keating during the Savings and Loan crisis of the 1980s. The article suggests Pelosi received campaign donations from Keating's associates, a connection that has largely disappeared from contemporary public discourse.