Explosive Video on Ending 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 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. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

Mish’s Global Economic Trend Analysis

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

Las Vegas Sands says "likely" violated U.S. corruption act

A logo of Sands is seen on a gaming table inside a casino on the opening day of the Sheraton Macao hotel at Sands Cotai Central in Macau September 20, 2012. Las Vegas Sands deceived a Nevada court in an attempt to stall a lawsuit by the former head of its Macau operations, a state judge ruled on Friday, fining the casino operator and abridging its right to object in a fight over key evidence.

Credit: Reuters/Tyrone Siu

Reuters: Business News

Las Vegas Sands says "likely" violated U.S. corruption act

Car crash videos you can"t stop watching, and why Russian corruption is to blame

You’re wondering…perhaps…how it is that we’ve got so many great videos of that meteorite over Russia?

Turns out there’s so much corruption over there in the courts and in law enforcement in particular that the only protect yourself against false charges or claims of liability is to have proof. Hence everybody has a dash-cam in their cars.

And some of the videos they wind up with — Russians not being the world’s best drivers — are not to be believed.

Latest Stories on Marketplace.org

Car crash videos you can"t stop watching, and why Russian corruption is to blame