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Yes, all states should have a national investment bank. It would also greatly help managing change -say kickstarting a network of batteries change stations for electric cars.
Of course, in Europe the state involvement sometimes looks like an investment bank. So in a way we have some of it. So let's ACTUALLY have it. Then other investment banks are free to compete agains the Government one, and we'll see if they are truly more efficient (maybe that's why we don't have it yet -they don't want to display the likely answer).

And let's make sure that it is not allowed to have a trading P&L on its own funds. Better, no trading P&L at all.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Sun Sep 28th, 2008 at 04:17:56 AM EST
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