From William Black:
A recent study confirmed that control fraud was endemic among our most elite financial institutions: Asset Quality Misrepresentation by Financial Intermediaries: Evidence from RMBS Market. Tomasz Piskorski, Amit Seru & James Witkin (February 2013) (“PSW 2013”).
The key conclusion of the study is that control fraud was “pervasive.”
In your opinion, why are they? This is truly scary.
By what authority are the Banks allowed to create money in direct prohibition to Art. 1 Para 10 Cl.1 of the United States Constitution