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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
Number of countries thought to possess chemical weapons:
Placebos are more effective if the drugs for which they stand in are said to be more expensive.
In Torrance, California, an African grey parrot named Nigel, who once spoke English with a British accent and had returned home after a four-year absence, began asking for someone named “Larry” and speaking Spanish.
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“I hope that after reading the following pages the leaders of the Y. M. C. A. will start a campaign to induce good young men to do nothing. If so, I shall not have lived in vain.”