Thursday, March 11, 2010

Understanding the basics #1

Every once in a while, I am reminded that the overwhelming majority of my fellow citizens know almost nothing about how banking works.  In this video, a guy named Konczal explains the reasons why we had bank regulations in the first place. Must viewing for folks who find banking confusing.

Michael Konczal on a 21st Century Glass-Steagall (MMBM) from Roosevelt Institute on Vimeo.

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