Photo caption: Ralph Nader. Photo by Sage Ross.
Former PBI Chair Walt McRee discusses with Ralph Nader why public banks should be the future of banking on the most recent episode of the Ralph Nader Radio Hour.
They also discussed Ellen Brown’s new book Banking on the People, which Nader included in his list of Highly Recommended Books for 2019 Summer Reading. Nader comments:
“[W]hat we have here is out of control corporate bank socialism. Namely, they reap the profits using other people’s money. They enrich themselves at the top of the company. They make money from money, which isn’t a very productive enterprise. And then they send the bill to Washington when their whole edifice collapses.”