Beyond the Bailout: Clean Up Wall Street |
Tuesday Dec 09 2008
By David Korten | Website
Read the previous post in this series.
The first item of business is to get the immediate crisis under control. Wall Street institutions have long claimed their trading activities create wealth, provide the funds that keep business moving, increase economic efficiency, and stabilize markets. The financial meltdown pulled away the curtain to reveal a corrupt system that runs on speculation, the stripping of corporate assets, predatory lending, and asset bubbles like the real estate and dot-com “booms.”
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Written by eldering at The Great Turning
Tagged with: economic_stimulus_package glass_steagall wall_street
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