It's time to institute 'limited-purpose banking'
by Laurence J. Kotiokoff and John C. Goodman
May 24, 2009
The Obama administration's strategy to address the economic crisis may be making the problem worse. Its plan - bailing out one financial institution after another and rebuilding the old system pretty much as was - treats the symptoms, not the disease, and will leave us fiscally and financially weaker.
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