On July 18, 2008, popular author and reporter William Greider, an expert on the shenanigans of Wall Street, “The Fed” and the Stock Market, gave an interview to PBS’s Bill Moyers on an array of topics that have literally brought the U.S. economy to its knees. (1) On the broadcast, he referred to the predatory lending practices, which have led to the notorious “Housing Bubble.” He said the schemes were sourced by the “sin of usury!” Mr. Greider explained: “It is rich people taking advantage of poor people by lending them money on terms, that are sure to fail...People of great wealth and their institutions, like banks, naturally have the power to overwhelm people of lesser means. And you can’t allow that in a decent society. It won’t survive,” he predicted.
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