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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Matt Stoller</author_name><author_url>https://www.nakedcapitalism.com/author/matt-stoller</author_url><title>Bill Black: Green Slime Drives Our Financial Crises | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="pSx5BkEQjj"&gt;&lt;a href="https://www.nakedcapitalism.com/2012/04/bill-black-green-slime-drives-our-financial-crises.html"&gt;Bill Black: Green Slime Drives Our Financial Crises&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2012/04/bill-black-green-slime-drives-our-financial-crises.html/embed#?secret=pSx5BkEQjj" width="600" height="338" title="&#x201C;Bill Black: Green Slime Drives Our Financial Crises&#x201D; &#x2014; naked capitalism" data-secret="pSx5BkEQjj" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>Bill Black, the author of&#xA0;The Best Way to Rob a Bank is to Own One&#xA0;and an associate professor of economics and law at the University of Missouri-Kansas City. Cross posted from&#xA0;New Economic Perspectives.  &#x201C;Pink slime&#x201D; just had its fifteen minutes of fame.&#xA0; BPI, the producer of pink slime, calls it &#x201C;Lean Finely Textured Beef.&#x201D;&#xA0; BPI&#x2019;s slogan is &#x201C;expect a higher standard.&#x201D; Pink slime starts with fatty tissues that are inherently more likely to be repositories of salmonella and&#xA0;e coli&#xA0;infections.&#xA0; The tissues are shredded and rendered and most of the fat drained off.&#xA0; The pink slime, however, is still more likely to be infected after this processing and that makes it dangerous and can make it smell spoiled.&#xA0; BPI&#x2019;s &#x201C;innovation&#x201D; was to gas the pink slime in Mr. Clean (ammonia) to try to kill bacteria and reduce the stink.&#xA0; The resultant pink slime is then frozen into bricks and shipped in bulk.</description></oembed>

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