The document proposes rebooting the financial infrastructure by creating simple, limited purpose banking through grassroots innovation. It argues the current banking system is too complex, risky and reliant on too-big-to-fail banks. It advocates creating small, specialized financial institutions focused on transparency and limiting risk, such as mutual funds for cash, loans, or other services. These would be regulated based on a formula rather than arbitrary capital limits. Grassroots innovators and activists could pioneer new community-based financial tools and push regulators to support small-scale experimentation.
225. PHOTO CREDITS
• http://en.wikipedia.org/wiki/File:Trapezus.png
• http://www.flickr.com/photos/michaelroper/1983104/
• http://www.flickr.com/photos/yannic/3338219365/
• http://www.flickr.com/photos/clankennedy/2440414620/
• http://www.flickr.com/photos/35822266@N03/3318376935/
• http://www.flickr.com/photos/danube/19409384/
• Wired, City of London - ahem you’re CC right?
226. ABOUT ME
• http://twitter.com/PelleB
• pelle@stakeventures.com
• http://stakeventures.com
• http://agree2.com Agree2 my startup - Reach Agreement without Paper, Pen and FedEx