10 WAYS THE AMERICAN ECONOMY IS BUILT ON FRAUD

     Fraud has become so endemic in this country that it's woven its way into   America’s DNA. Here are 10 ways the American economy is built on fraud:
1). Accounting Fraud: Last year, America’s leading banks were insolvent. They had tens or hundreds of billions in losses on their books, and the only way to wipe those losses out would be to either a) own up to the mess, raise enormous amounts of money on top of all the bailout money; or b) get out a big fat eraser, and wipe those losses off the books as if they never existed.
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