March 1, 2011, 12:01 a.m. EST
Four time bombs that will blow up Wall Street
Commentary: Too late to jail bank CEOs; only revolution will succeed
By Paul B. Farrell, MarketWatch
Phi Beta Iota: Highlights include extimate that US is 44 trillion in debt; that nothing and Administration does will stop Wall Street–this is now so bad the author believes a revolution (as in swarming homes and offices and demanding the return of ill-gotten wealth) will do. We do not agree. Yes, it is bad. No, recovering the stolen money will not do. The silver lining in all this is the obvious decrepitude of governments and corporations; the now obvious toxic nature of information asymmetries and data pathologies; and the less obvious but emergent need for a) restoring the integrity of the US Electoral process through Electoral Reform 2.2 ; and b) creating the Autonomous Internet so as to achieve Panarchy and create a prosperous world at peace in which transparency eliminates corruption, fraud, waste, and abuse, starting in the USA.
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