What if the monetary system has been taken over by criminals?

In this interview Max Keiser’s guest, Dr. Michael Hudson, discusses Shiela Bair’s new book, which claims that our monetary system is under the control of a Wall Street “mafia”.  She ought to know, because Sheila Bair was head of the FDIC!
Here’s the link to the video:
And here’s the Amazon.con link to Bull by the Horns, by Sheila Bair:
Something to consider as you listen to Dr. Hudson—could this happen under a privately-owned, commodity-based monetary system?  I say No, it could not happen.  Perhaps we are seeing the frightening, unconsidered consequences of a fiat monetary system under the complete control of government; i.e., what if government itself is taken over by criminals?  Patrick Barron 
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