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Other People's Money, and How the Bankers Use It

Chapter 1: OTHER PEOPLE’S MONEY AND HOW THE BANKERS USE IT
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About This Book

The author analyzes the concentration of financial power and the influence of bankers over corporations, tracing how pooled capital and interlocking directorships enable control of industry and public resources. Through documentary examination and case studies he documents conflicts of interest, wasteful practices, and mechanisms by which investors' funds are diverted to benefit managers and financiers. He combines statistical and legal reasoning to explain causes and consequences, and proposes remedies including greater transparency, limitations on interlocking ownership, judicial and regulatory oversight, and protections for small investors to restore accountability and align financial institutions with the public interest.

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Title: Other People's Money, and How the Bankers Use It

Author: Louis Dembitz Brandeis

Author of introduction, etc.: Norman Hapgood

Release date: August 31, 2018 [eBook #57819]

Language: English

Credits: Produced by Turgut Dincer, Charlie Howard, and the Online
Distributed Proofreading Team at http://www.pgdp.net (This
file was produced from images generously made available
by The Internet Archive)

*** START OF THE PROJECT GUTENBERG EBOOK OTHER PEOPLE'S MONEY, AND HOW THE BANKERS USE IT ***

OTHER PEOPLE’S MONEY
AND HOW THE BANKERS USE IT


OTHER PEOPLE’S MONEY
AND HOW THE BANKERS USE IT

BY
LOUIS D. BRANDEIS

NEW YORK
FREDERICK A. STOKES COMPANY
PUBLISHERS


Copyright, 1913, 1914, by
The McClure Publications

Copyright, 1914, by
Frederick A. Stokes Company

All rights reserved

FASCo March, 1914