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What you fail to comprehend is that the clearing system is useless without the banks that use them.
by vladimir on Fri May 22nd, 2009 at 09:10:52 AM EST
[ Parent ]
The clearing system is what you use to pay your bills and receive your income.

You don't need investment banks for that, but you do need deposit accounts and debit cards.

The brainless should not be in banking. — Willem Buitler

by Migeru (migeru at eurotrib dot com) on Fri May 22nd, 2009 at 09:13:30 AM EST
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