Forget Reform, Galbraith Wants a "Total Restructuring" of Wall Street

Capitalism is retarded!!! Figure it out fellows.

right on !!!!!!!!!!!!!

Discipline ?!?!!?!? These morons all they care about is to buy bigger houses in the Hamptons.

Hey, idiot Prof, you were wrong about nationalizing the banks, and are just a radical liberal prof who doesnt know how to run a business. Go hide in your little office.

There will be no reform or only a token appearance of reform. The too-big-to-fail banks are taking more customers from the too-small-to-succeed banks that are being allowed to fail. Money talks and Wall Street is calling the political shots.

We don't have pure capitalism in this country. We are ruled by oligarchies. There is no level playing field for small businesses. This is the case in most sectors of our economy. It kills off competition, the life blood of true capitalism.

Interesting, genius. What, praytell, would you propose as an alternative?

This is good - make smaller,brake up, make "to small to fail" Remember good old days, it was less risk because banks were not trading in stock market so much. Investment Companies did and I think this should be spin-off back to investment companies. Banks should not gammble our deposit. These are our people deposit. Also , government agencies would have less financial risk. Taxes- No No , but proper regulation and simple- Yes, Yes

Can't comment on this unil I hear what Fox News thinks about it. Talking points to follow.....

greed is embeded in wall street and those that work there,,

Breaking up the financial system will never happen. We'll be lucky to get any change at all. The political system is too dependent on contributions from the big banks and wall street. Now that things are looking good again and the big banks were bailed out, it will be business as usual.

Capitalism can work if the Fed keeps there fat little fingers out of it. The big crooked banks should been left alone to fail like they should have and smaller honest banks will take over their business. That is what the FDIC is for anyways.

It Ain't gonna happen WS will not allow it. They will always keep stuffing their pockets with $$$$$ // Besides They tell The Govt. what to do

Why won't these morons go somewhere where they believe academics should plan the economy, and leave us alone? The academic is at his core a little creature twisted by hate and greed because under a free system he is paid less than an Oprah.

Many major countries have been 'settled' from 2,000 to 4,000 years. In a mere 300 years America has surpassed them in every economic measure solely because of Capitalism. Those who perfer Socialism or Communism can move to Cuba or any Socialist/Communist Country, earn $4 dollars per day if lucky, get free health care, and, like Obama's half-brother, live in a 3 x 9 meter goat hovel. Try it! You'll like it!

These big banks are NOT capitalism. They are fascist! Collusion of government with big business against the interests of the American people. This is Corporatism not Capitalism that is the problem. The government has failed in its duty to protect citizens against unfair practices that are already against the law. All the reform BS is just that - BS designed to make "US" think that something is being done for the benefit of "US". Ya, right! Dems vs. Reps is just a distraction as they both dance to the financial elite and large corporations. Until we get rid of the Fed and lobbyists are are screwed.,..

These big banks are NOT capitalism. They are fascist! Collusion of government with big business against the interests of the American people. This is Corporatism not Capitalism that is the problem. The government has failed in its duty to protect citizens against unfair practices that are already against the law. All the reform BS is just that - BS designed to make "US" think that something is being done for the benefit of "US". Ya, right! Dems vs. Reps is just a distraction as they both dance to the financial elite and large corporations. Until we get rid of the Fed and lobbyists we will continue to be screwed like the sheeple we are...

Very good suggestions but the Govt. is too weak to implement anything that ruffles Wall Street,s feathers.

For some reason, saying "strategic vision" and associating that with this administration just doesn't sound right. This administration is strategically challenged to begin with, then they would have to get the Senate and House to work together... like that's gonna happen in our lifetime. It comes down to enforcing the current set of regulations and holding the violators responsible for their actions. Of course, it would also mean several State Attorney Generals, The leads in the SEC, several Senators and House members would have to be put on trial, but isn't that what should happen when you break the laws????

The government is unresponsive to the people, rendering their protests utterly futile. Millions of people protested the Vietnam war for years and it had absolutely no effect on government policy. That war finally ended only because objective economic reality made it impossible to maintain the necessary levels of government spending to support it. Today's wars are following a similar course. They will continue until reality bites. Basically, the people have only one effective means of redress left, which is to withdraw from economic life. Voting has not worked. Given withdrawal from economic life requires considerable personal sacrifice, people do not readily engage that option. However, in a general economic collapse, they often find it has been engaged for them, albeit involuntarily. Nevertheless, regardless of how it is engaged, the economic contraction that obtains when people withdraw from economic life will ultimately promote recovery by starving and killing the parasites that have been drawing off its life blood.