Ellen Brown: Truthout Oct 14th http://truthout.com/public-option-banking-another-look-german-model/1318444344 Michael Hudson: Real News Video Oct 7th (later on after OWS around 4:30) http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=7412
Public Option in Banking: Another Look at the German Model
Friday 14 October 2011
by: Ellen Brown, Truthout | News Analysis
Publicly owned banks were instrumental in funding Germany's "economic miracle" after the devastation of World War II. Although the German public banks have been targeted in the last decade for takedown by their private competitors, the model remains a viable alternative to the private profiteering being protested on Wall Street today.
One of the demands voiced by protesters in the Occupy Wall Street movement is for a "public option" in banking. What that means was explained by Dr. Michael Hudson, professor of economics at the University of Missouri in Kansas City, in an interview by Paul Jay of the Real News Network on October 6: ... http://truthout.com/public-option-banking-another-look-german-model/1318444344
Ellen Brown
Ellen is an attorney and the author of eleven books, including Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free. Her websites are webofdebt.com and ellenbrown