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Banking Reform Summary of the above link: The banking system should be remade in the image of Limited Purpose Banking (LPB). LPB advocates modeling the entire banking industry after the mutual fund industry. Banks would manage these funds for a fee, but only consumers and investors would own shares in them. For example, [...] The more things change, the more they are the same. In a drought, the river may dry up, but the lay of the land stays the same. When the rain returns, the waters will flow the same way. The structure of the Finance industry (the lay of the land created by laws, technology, [...] |
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Copyright © 2012 Joel E Lewis - All Rights Reserved |
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