William Black -- The System Implosion Already Happened

Professor William Black is a former financial regulator and an expert in white collar crime. According to Professor Black, the financial system is headed for an even bigger collapse. As a major warning sign, Professor Black points to Treasury Secretary Jack Lew's recent complaint about no money for regulation in the recent budget deal. Professor Black says, "Jack Lew is the anti-canary in the coal mine because Lew has been gutting regulation for virtually all of his professional life. . . . Lew is saying, my God we've gone so far we're going to cause the collapse of the system. . . . You know when Jack Lew keels over, you know that carbon monoxide has already killed everybody reasonable." Professor Black goes on to say, "The system is ungovernable . . . It has already largely imploded." Join Greg Hunter as he goes One-on-One with Professor William Black, who recently updated and re-released his popular book "The Best Way to Rob a Bank is to Own One."