Michael Hudson

#OccupyWallStreet Calls For a Public Option in Banking

Michael Hudson speaks about the #OccupyWallStreet movement and why there is as call for a public bank option. This is not a full transcript of his speech but highlights key points that he makes:

The government is in the hands of a financial lobby.

The 99% are disgusted with politician’s being for sale to the highest lobbiest. We’re disgusted with debt overhead and we’re disgusted with administrators…. The system doesn’t work.