States Have Granted Big Banks the Right to Seize Your Property
A recent study by Jack McPherrin from Heartland explores how state legislatures, in adopting provisions of the Universal Commercial Code, have enabled “too big to fail” banks to seize the private retirement accounts of both individuals and institutional investors during times of crisis.
H. Sterling BurnettH. Sterling Burnett, Ph.D., is the Director of the Arthur B. Robinson Center on Climate and Environmental Policy and the managing editor of Environment & Climate News.
Jack McPherrinJack McPherrin is The Heartland Institute’s research editor, as well as a research fellow within Heartland’s Socialism Research Center.