Economist: The Financial System Is Broken And Corrupt. Big Banks Are Crime Gangs. Obama Is Backing De-Criminalization Of Fraud, And Doesn’t Want To Create Jobs, But Instead Wants To Reduce Wages By 30%

Sunday, October 9, 2011
By Paul Martin

by WashingtonsBlog
October 9, 2011

Prominent economist Michael Hudson explains that the financial system is so fundamentally broken and corrupt that the message of the Occupy Wall Street protesters can’t be reduced down to a handful of “technocratic fixes”.

Hudson also said:

Banking should be a public utility (Background)
Bank of America, Wells Fargo and Citibank are crime gangs (Background)
Obama is backing de-criminalization of fraud (Background)
Obama doesn’t want to create jobs; instead, he wants to reduce wages by 30% (Background)
Geithner is just a bank lobbyist, and shouldn’t be in charge of treasury (Background here and here)

The Rest…HERE

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