Sunday, August 12, 2012

Bethany McLean Demonstrates her Profound Lack of Understanding of Control Fraud, Gresham's Dynamics, and Justice

In this painful CNBC segment, former Goldman Sachs employee Bethany McLean provides a heartfelt apologia for her much-maligned former employer. Bethany says it is time for us all to move on for the good of confidence in the economy.

In the process of prostrating herself for GS, she demonstrates her complete lack of understanding of control fraud, Gresham's Dynamics, and how white collar crime can be pursued.

Bill Black attempts to address McLean's dilettantish assertions, but he is not given the chance to get into the complexities of the issue by snickering host Maria Bartiromo.

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