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 Jeffrey Sachs of Columbia University really lays into the banking system a few minutes into the recording. Play it!
[youtube https://www.youtube.com/watch?v=7VOWnnEphjI?feature=player_detailpage]
Link if video does not play SR 76 Wall Street
Mike “Mish” Shedlock
