I'm not sure how the clip below managed to elude being posted here thus far, except perhaps due to a perceived need to remain compliant with board rules by remaining "on topic". I submit, however, that sometimes it's difficult to separate issues, so hopefully I'll be forgiven for this apparent transgression. The clip features Bill Black being interviewed by Bill Moyers. The analogous conditions between the telecoms and the financial services industries (if not also myriad other domains, as a reflection of a larger shift in the value system that now seems prevalent in so many facets of modern society, which, through various means of extension, very few can claim to be completely innocent of having partaken**), which we've been discussing here with increasing frequency, can be gleaned below. Prepare yourself to have your socks blown off:
A discussion with Bill Black, author of The Best Way To Rob A Bank Is To Own One - April 3, 2009
pbs.org
A complete transcript of the interview in text form is available beneath the screen.
hat tip: TRIG
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** There's a certain amount of fair-weatheredness that creeps into the calculus here, I'm finding. Witness, I tend to empathize with acquaintances who appear to have been screwed by the vagaries associated with the administrative shams we've discussed. Yet, however, I also find myself cheering on those who appear to stand a chance in obtaining awards. What can I say?
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