Former top bank regulator and UMKC Department of Economics Professor William Black says there is no hiding the cesspool that is Wall Street. Black says, “People on Wall Street agree that the system is rigged.  You get them into a bar, they will say the same thing.  When Bernie Sanders says the business plan of Wall Street is fraud, that’s simply an accurate, objective fact.  That is their key profit center . . . and it’s not just here.  The United States has been in a competition with the United Kingdom (UK) for decades now on this race to the bottom with the City of London and Wall Street.  The UK Parliamentary Inquiry, which is run by the Tories, found as a fact that . . . all of the retail profits of the largest banks in the United Kingdom came from the deliberate or ‘mis-selling’ of products to customers. . . . They deliberately ripped off entrepreneurs.  They deliberately ripped off their customers, and the Tories found it represented all of their retail profits. . . . You are talking in the range of $80 billion.” Read more…