naked capitalism Tue 2009-10-13 20:47 EDT
Guest Post: The REAL Battle Over America's Banking System
...the battle isn't between bankers versus outsiders. It is between the giant New York money-centered banks and the rest of the country...monetary reformers argue that letting banks create credit and money and then charge high interest rates creates massive levels of debt for states and taxpayers. They argue that the power to create money should be reclaimed by the government and taken away from the private banks...
America's banking system; Guest Post; naked capitalism; real battle.