Bill Black: Green Slime Drives Our Financial Crises

Yves Smith reposts Bill Black: Green Slime Drives Our Financial Crises .

The reference to the green slime about the pink slime which was secretly added to meat for human consumption.

Black appears to argue that the cycle of financial crises is due to insufficient regulation.

Lenin, in Imperialism: The Highest Stage of Capitalism (Penguin UK. Kindle Edition), says that:

Bourgeois scholars and publicists usually come out in defence of imperialism in a somewhat veiled form, and obscure its complete domination and its profound roots; they strive to concentrate attention on partial and secondary details and do their very best to distract attention from the main issue by means of ridiculous schemes for ‘reform,’ such as police supervision of the trusts and banks, etc.

(Kindle Location 1753-1756)

The real problem is the existence of financial Capitalism, itself.