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Forget the Dodd bill. Read about and listen to Richard Duncan, who several years ago predicted the collapse of the housing bubble. Now he wants to break up the big banks and turn them into utilities. Duncan, author of the new book, “The Corruption of Capitalism: A strategy to rebalance the global economy and restore sustainable growth,” says the U.S. does not have a capitalist economy, but a “statist” economy.
Also watch CNBC’s analysts, who have been wrong about everything since the beginning of time and were relentless cheerleaders for the stock market and housing bubbles, cover for the banks. Pathetic.
More from Ken Silverstein:
Ratio of military recruiters to college counselors at East Los Angeles’s Roosevelt High School:
The majority of young Swedish women are attracted to both men and women.
“My body was quite happy,” said ISS mission commander Chris Hadfield. “I learned to talk with a weightless tongue.”
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“This is the heart of the magic factory, the place where medicine is infused with the miracles of science, and I’ve come to see how it’s done.”