Ergo Tax

[le roi]

Originally Posted by ergohead

Support? Some banks might feel resentful at having to pay the Government back any principle, or interest.

well if they don't like it, they can go back to the days when they lent out their own damn deposits, instead of being subsidized by the government by a fractional reserve system.

this way they'd have to pay attention to how they treated their customers, because they'd need deposits, and they'd have to pay more attention to who they loaned money to.

unfortunately this doesn't create money fast enough for Wall Street.

[ergohead]

Originally Posted by le roi

well if they don't like it, they can go back to the days when they lent out their own damn deposits, instead of being subsidized by the government by a fractional reserve system.

this way they'd have to pay attention to how they treated their customers, because they'd need deposits, and they'd have to pay more attention to who they loaned money to.

unfortunately this doesn't create money fast enough for Wall Street.

Wall Street can be embargoed for 120 days to give the banks time to re-boot.

FRN's will not be accepted anywhere.