Explosive Video on Fractional Reserve Lending and Bank Corruption at Philadelphia Fed Conference

At an economic conference at the Philadelphia Fed, academics gathered to discuss fixing the banking system, including ending fractional reserve lending. The video is quite entertaining to say the least.

Professor Professor Jeffrey Sachs of Columbia University really lays into the banking system a few minutes into the recording. Play it!
  


Link if video does not play SR 76 Wall Street

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
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