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Residental / Commercial Mortgage Backed Securities
Failing to see that commercial money 
creation was behind the flood of money in 
the new financial world, bankers and 
financiers congratulated themselves on the 
amount of money they were making. 
As money markets have grown, bringing 
together a wide range of financial 
organisations including the banks, the 
privatised financial system is effectively 
creating money for itself. 
Mary Melor, The Future of Money (Pluto Press, 2010), p.53
Global Finance Money and Power - Lecture Eight: Futures and Options
Global Finance Money and Power - Lecture Eight: Futures and Options
Global Finance Money and Power - Lecture Eight: Futures and Options
Global Finance Money and Power - Lecture Eight: Futures and Options
Global Finance Money and Power - Lecture Eight: Futures and Options
Global Finance Money and Power - Lecture Eight: Futures and Options
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Global Finance Money and Power - Lecture Eight: Futures and Options

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  • 81. Failing to see that commercial money creation was behind the flood of money in the new financial world, bankers and financiers congratulated themselves on the amount of money they were making. As money markets have grown, bringing together a wide range of financial organisations including the banks, the privatised financial system is effectively creating money for itself. Mary Melor, The Future of Money (Pluto Press, 2010), p.53