How hackers can help us defeat Wall Street

How hackers can help us defeat Wall Street

By Paul B. Farrell
MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) — “American capitalism is broken,” warns economist Peter Morici. Worse, American government is broken with “two bankrupt political parties bankrupting the country,” warns Stanford political scientist Larry Diamond. Why? Because Wall Street is broken: Our engine of capitalism is broken.

Morici warns that Wall Street’s insatiable gluttony is strangling America’s 8,000 regional banks: “About 3,000 regional banks face extinction, and ordinary Americans can only borrow money at government run Fannie Mae and Freddie Mac or at extortionist rates on big-bank-controlled credit cards.” Time to counterattack, or the clock runs out.

Continued. . .