D
DesEsseintes
Guest
...and the British Parliament - or at least the Commons - at its incredibly rare, non-partisan, thoughtful best. It is very very long, but extremely worth reading through if you have time. Some wonderful contributions, which make me wish these people could debate like this all the time, instead of about once a decade.
What do we do when fractional reserve banking means banks at the time of the crisis held less than 1.5% of their value in reserves? What do we do when banks create 97% of our money and all but 92% of that remains within the financial services industry? Are banks to big to fail? How do we protect the consumer without rendering the taxpayer liable to enormous debts?
Maybe this is all whistling in the wind, but by God I'm glad it was at least debated. Not, of course, that it seems to have done any good, and it was 6 months ago now.
What do we do when fractional reserve banking means banks at the time of the crisis held less than 1.5% of their value in reserves? What do we do when banks create 97% of our money and all but 92% of that remains within the financial services industry? Are banks to big to fail? How do we protect the consumer without rendering the taxpayer liable to enormous debts?
Maybe this is all whistling in the wind, but by God I'm glad it was at least debated. Not, of course, that it seems to have done any good, and it was 6 months ago now.
