Financial reform advocate Ellen Brown makes a strong case for publicly owned banks, which, she reasons, are in society’s best interest. While she cites several examples of effective public banks, she doesn’t explore the inefficiencies often associated with government entities. Nevertheless, getAbstract recommends Brown’s cogent – though perhaps oversimplified – argument to bankers, policy makers and depositors interested in banking reform.
In this summary, you will learn
- Why public ownership of banks could repair many of the banking industry’s shortcomings,
- What flaws privately owned banks exhibit, and
- How many global banks have experienced success under the public ownership model.
About the Speaker
Ellen Brown is the founder and president of the Public Banking Institute.
Comment on this summary
Customers who read this summary also read
Matthew Goldstein et al.
The New York Times, 2016
Neil Bhutta and Daniel Ringo
Federal Reserve Board, 2016
Simon A. Rego and Jennifer L. Taitz
Liberty Mutual Insurance, 2016
Michael Kumhof and Zoltán Jakab
Finance & Development Magazine, 2016