Mr. William K. Black is currently Associate Professor of Economics and Law at the University of Missouri, Kansas City School of Law. Mr. Black was the former Director of the Institute for Fraud Prevention, and the head regulator appointed by President Ronald Reagan to clean up the savings and loan crisis in the early 1990's.

It was Black who accused then-house speaker Jim Wright and five US Senators, including John Glenn and John McCain, of doing favors for the S&L's in exchange for contributions and other perks. The senators got off with a slap on the wrist, but so enraged was one of those bankers, Charles Keating -- after whom the senate's so-called "Keating Five" were named -- he sent a memo that read, in part, "get Black — kill him dead."

In the video below, Bill Black tells of the death threat.

That was back in the days of the Savings and Loan "crisis." The total losses back then: $3.4 billion. The total cost to the taxpayer: $0.

Today we are talking trillions of dollars, not a measly $3.4 billion. That's chump change by comparison.

And with that much more money on the line, you can bet that the corruption is that much more rampant.

It's a long video, running over 90 minutes. But it's worth watching, and definitely worth sharing with anyone you know who believes that our current President or his administration has solved the financial crisis. It should be noted that Mr. Black is a Democrat and actively campaigned to help elect President Obama.

Back in his day, Bill got felony convictions on over 1,000 senior insiders who committed white collar crime in the S&L scandal. And there were only 3,000 S&Ls!

And if you think corruption was rampant back then, wait till you hear him describe it now.

Our financial system is absolutely loaded with fraud, corruption and rot.