Discussion of the “Bankers’ New Clothes” and Popular Regulation

There will be a “pre-meeting” from 2-3 PM this Sunday before the regular weekly meeting of OWS Alternative Banking.

We will have a lively, I hope, discussion of the proposal for requiring that banks raise much more of their funding from stockholders. The recent book, “The Bankers’ New Clothes” argues that this would be an important step to enhance financial stability and get rid of “Too Big To Fail” banks.

Josh Snodgrass will lead the discussion and also put it in the framework of “popular regulation” that will be simpler, more democratic and more effective than the current regulatory structure.