Michael Lind: Banks as Public Utilities

Posted by admin on Tuesday, January 24, 2017

Michael Lind Money Quote saying banks should be seen, not as high-profit institutions, but instead like a public utility and laws should protect consumers against high interest rates. Michael Lind said:

Banks should be low-profit, publicly-regulated utilities and laws against usurious interest rates, struck down in the U.S. in the late twentieth century, should be restored
— Michael Lind

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