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Did Wall Street take over the Treasury? Bank crisis exposes public realities of private banking

Geopolitical Economy Report

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The Importance of Banking in the Economy

Michael Wolraich: If banking doesn't help the economy, what is the purpose? We need a source of credit. The most credit is for financial speculation, not to finance productive capital investment," he says. "Are we going to have finance capitalism or are we going to go back to industrial capitalism evolving into socialism?"

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