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[Washington Babylon]

Real Financial Reform

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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.

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