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Alternative systems that carry attributes, characteristics which are much better. that they're democratic, they're transparent, they're accessible to everybody. the current banking system, for instance, is very hard for poor people, often excludes the most marginalized people in our society. that is more equal. a banking system that's fairer, transparent, more accessible. these things are possible if we can imagine a bank that does that through the occupy movement. >> through the occupy movement is the part of this that is so important. i think. because i think when we think about the occupy m...

Occupy wall street movement. his name is carne ross, author of "the leaderless revolution: how ordinary people will take power and change politics in the 21st century." mr. ross is best known as the diplomat who quit his post in the british government in protest of the iraq war. he now runs a non-profit group called independent diplomat. on this banking stuff, he is working with a part of the occupy wall street movement that calls itself the alternative banking working group. carne ross, thank you for joining us. >> thanks for having me. >> what is the overall idea of there being an alternativ...

There is a variety of alternative systems. one thing we know about how the condo projects were financed, you can get credit if you show you sold a certain number of units. this is true of the early overseas developments like toronto and panama. you can get credit if you can show you sold a secondcertain percentage of the units. that the where the russians are to be found is in some of those presales. that's how in panama they got the credit. they got sterns to issue a bond by saying they sold a bunch of units to a bunch of russian gangsters and of course, didn't put that in the under writing i...