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TECHNOLOGOS PROPOSING ALTERNATIVE FINANCIAL SYSTEM  FRAMEWORK  CHALLENGING  TREASURY SECRETARY GEITHNER OUTLINED PATCHWORK  OF RESTORATION OF OLD FINANCIAL SYSTEM INSTRUMENTS AND INSTITUTIONS AS VOID  STRATEGICAL GLOBAL OUTREACH TO JUMPSTART ECONOMY BY STABILIZING DYSBALANCED &  DYSFUNCTIONAL FINANCIAL SYSTEM.   Technologos proposing design robust and resilent banking infrastructure  with priority of financial intelligence and  redundancy features by creating prototype model through economic psycho science institution to define how to monitor and control a new financial order architecture by taking in account feasable cognitive insights of mental and psycho processes where information technology construct intelligent finance models infrastructure global topology and new financial theory of global monitoring framework analising phony market ideologies fallacies  View and  as renown economists Roubini and Taleb, who predicted the global economic downturn even called for a nationalization of banks to stop the financial system meltdown while Nobel prize-winning economists Joseph Stiglitz and Paul Krugman  who thinks this crisis is out of control and there is no reason to think there is any spontaneous mechanism for recovery  “To solve the current economic problem, the government must be willing to run up a 40 percent budget deficit,  the risk of not doing it is greater than running up the debt required to do it , Krugman said. 
The financier George Soros have challenged market fundamentalism ideologies and criticize inadequate old policies solutions to imminent global financial crisis created by the WS banks  and not willing to participate with gov proposal to invest in it’s chimeric gov-private investment fund to save the failed banking industry. Financial bailout plan  should consider nationalizing the troubled banks it is assisting in the plan thinks Stiglitz  so  the bailout program thus far was flawed.  “It’s very strange to have a system of capital allocation when the ones allocating the capital don’t bear the risk…that’s not capitalism, that’s not a market economy. So all the theories about why a market economy will work well have been totally destroyed by the role the government has taken in absorbing risk” View NOBEL PRIZE ECONOMY WINNERS WEBCINEMA AS ANTIDOTE and to Greenspan fallacy legacy of financial meltdown with his acceptance of conceptual flaw in the financial  system.  View  Madoff Affair Hearing in Congress where SEC  which epitomize the financial monitoring institution folly or fallacy on mock Trial by inquisitive senators  while the principal  whistleblower  Markopolos testifies.
  Subcommittee criticises senior staff members at the Securities and Exchange Commission as irresponsible and inapt to respond to tipster Markopolos’s on Madoff Ponzi scheme exposure critiques, which he summarized in his testimony – the agency “is nonfunctional and, as witnessed by the Madoff scandal, is harmful to our capital markets and harmful to our nation’s reputation as a financial leader.”


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