Bill Moyers interviews Bill Black, a former regulator involved in the liquidation of the S&L’s.  Hat tip Option ARMegeddon. Mr. Black details how liars’ loans were used to defraud as regulators never examined loan files under the Bush administration.  The recent attempts to cover up the banking problems by Geithner and company is one focus of his attention:

“Geithner is…covering up. Just like Paulson did before him. Geithner is publicly saying that it’s going to take $2 trillion — a trillion is a thousand billion — $2 trillion taxpayer dollars to deal with this problem. But they’re allowing all the banks to report that they’re not only solvent, but fully capitalized. Both statements can’t be true. It can’t be that they need $2 trillion, because they have massive losses, and that they’re fine.”

There is much more.  How can the American people fix these guys?  …check out the video (1 of 3):