Obama "JOBS Act" is a Fraud with William Black -27:38
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Obama “JOBS Act” Is A Prescription for Fraud & Financial Fraud
Is A Prime Jobs Killer
With
William Black, professor of economics and law at
the University of Missouri, Kansas City, author of
"The Best Way to Rob a Bank is to Own One," and deputy staff director of the national commission
that investigated the cause of the savings and
loan debacle.
The Jumpstart Our Business Startups Act, (JOBS),
the cynical bill that emerged from Congress and was
signed by President Obama has been described by
its opponents as something only a financial scavenger
could love – claiming it will add to the unprecedented
level of financial fraud by our most elite CEOS that
have devastated the U.S. and European economies
and cost over 20 million people their jobs. William
Black dissects the "JOBS Act" and reveals why it is
a recipe for fraud.