Imagine a genuine government bank -it would have wiped the floor with those offering insane salaries to their top managers.
I don't think you have to imagine one: just look at what the Scandinavians do - or used to do until the politicians were browbeaten into thinking this was "unfair" competition to the private sector....aided and abetted by EU directives, unless I am much mistaken..... "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
As now of course private banks get this subsidy as well, one might rethink the idea. Der Amerikaner ist die Orchidee unter den MenschenVolker Pispers
