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Occupy wall street movement. his name is carn 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. carn ross, thank you for joining us. >> thanks for having me. >> what is the overall idea of there being an alternative ...

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...

>> just got a chance for one more quick question. you followed the banking stuff for so long. >> sure. >> europe now in real crisis. the same kind of questions of where's the regulators, the bank capital, a few years after they should have learned from our own meltdown. stress tests being planned here again for our banks. are you optimistic or pessimistic that europe can get its act together and why? >> well, i'm rapidly becoming more pessimistic given that people have been saying for a long time now that europe can get it together and will get it together and still has shown no signs of doing...

Does this portend of something more to come? >> it may. here's the deal. i'm not sure this is partisan. i do expect some members of the tea party on the right to vote no on this thing. there's two kinds of compromises. one is one you don't like and one is truly dangerous. there's some campaign finance stuff in here i don't like but i'd support it in order to keep the government running. this is dangerous to measure, this banking stuff. we just went through a horrible recession based on the fact that a lot of people in the banking sector were basically playing gambling casino on wall street. an...