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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
Trudy Lieberman reports on the failed promise of the Affordable Care Act, Sarah A. Topol explores Ukraine’s struggle for a national identity, Dave Madden spends a week in Hollywood’s toughest comedy club, and more
Number of insect fragments allowed by the FDA in a standard jar of peanut butter:
It emerged that, in trying to count her rings, marine geologists had accidentally killed a 507-year-old clam named Ming.
A resident of Chalk Level Township in Missouri discovered the bodies of three dogs packed inside dog-food bags.
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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.”