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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:
Perspective — October 23, 2013, 8:00 am
How pro-oil Louisiana politicians have shaped American environmental policy
Postcard — October 16, 2013, 8:00 am
A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits
“A progressive Europe—the Europe of sustainable growth and social cohesion—would be one thing. The gridlocked, reactionary, petty, and vicious Europe that actually exists is another. It cannot and should not last for very long.”
Percentage of Americans who believe that the population of the United States exceeds one billion:
Scientists explained why breast milk does not turn breasts to bone.
A pit bull was shot in Milwaukee after being mistaken for a lion.
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“Shelby is waiting for something. He himself does not know what it is. When it comes he will either go back into the world from which he came, or sink out of sight in the morass of alcoholism or despair that has engulfed other vagrants.”