These lectures will explain how the present American banking system Is a cartel-like structure, created and managed by the government, and why that structure Is now crumbling. Special attention will be paid to the mounting crisis among the savings and loan associations. Dr. Sennholz will argue that banking should be open to the free competition of all and that genuine banking reform would not––as is currently being proposed by the FSLIC––be at the expense of the taxpayers.