Jimmy Stewart Is Dead: ending the world's ongoing financial plague with limited purpose banking|
Today's financial system - with its limited liability, insider rating, political kickbacks, director sweetheart deals, non-disclosure and internal corporate raiders - was built for hucksters. Professor Laurence J. Kotlikoff will argue on Wednesday 17 February that limited purpose banking (LPB) takes the con out of Wall Street's con-job by limiting banks, insurers and other financial corporations to their legitimate purpose - financial intermediation.