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An alternative way of banking

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    #152
    smurgen
    Registered Users Posts: 6,933 ✭✭✭smurgen


    Kevin Bacon wrote: »
    Would this not be a regulation issue rather than the system itself? Corruption would be prevalent in any system you would care to create, unfortunate fact of life.


    yes but the complexity of modern banks facilitate corruption.making banks more transparent would help reduce the amount of corruption. reinstalling the glass steagall act would go a long way to tackling this.it wouldn't sort out all the problems but it would reduce a lot of the systematic risk


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    #153
    Fr_Fitzexactly
    Site Banned Posts: 85 ✭✭Fr_Fitzexactly


    IM0 wrote: »
    so in short you have no alternative!

    I mentioned two and you just tell me then I have none. Its like the haters of the occupy movement who keep insisting they have no solutions.

    People would rather stick with the devil they know.


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    #154
    Fr_Fitzexactly
    Site Banned Posts: 85 ✭✭Fr_Fitzexactly


    bluewolf wrote: »
    And when they can't pay SW or public workers?

    Then they won't get paid, simple as. I dont expect it to happen much because this system will encourage them to be a lot more careful. No more costly white elephant projects commissioned just before election to leave a pile of debt for the next crowd.


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