Re: William Black: Fraud is the basis of ALL profit in the banking industry at this point.

with all respect, capitalism can be ethical, it is what helped the europeans evolve and defeat the arabs for world power.

the arabs let their religion take over capitalism, while the europeans included capitalism with religion.

the western world would not have been without capitalism, the problem is crony capitalism.

banking with honest and fair competition is innovative, good loans are sent out, the economy is improved.

crony capitalism banking is what is today after glass steagall ended and all regulation of a fair market.