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Interview with Paul Moore on what bank CEOs actually understand

Interview with Paul Moore on what bank CEOs actually understand

Source: Positive Money (UK)

Paul Moore is the man who warned Halifax Bank Of Scotland they were about to go under back in 2005. Naturally the board of HBOS ignored him. The 20 minute interview with Paul Moore (link below) reveals just how the banks operate and why leaving them with the power to create money can be disastrous. He answers some crucial questions like “Do the guys at the top of the banks understand that bank lending creates new money?, “Do they consider the impact they have on the economy?”

Video-Link: http://www.youtube.com/watch?v=Sn_tP87QDnU&list=UU82By0y-2ZdjigNu5bWY4LQ&index=1&feature=plpp_video

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