On Bill Moyers' Journal, William K. Black explains how a US banking culture of fraud led to the current economic crisis. The transcript is at
http://www.pbs.org/moyers/journal/04032009/transcript3.html
Earlier this week, the Financial Accounting Standards Board (FASB) relaxed Mark to Market accounting procedures which will ensure more corporate fraud in the future.
http://seekingalpha.com/article/129309-the-market-celebrates-pro-bank-fraud-measure
