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

from WashingtonsBlog

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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: