Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
JakeS:
Retail banks should not be run for profit.

Retail banks are unnecessary - and in fact moribund - intermediaries. Retail banking - ie credit creation and clearing - is a necessary utility function.

JakeS:

Retail banks are utilities and should be run by the government, like all other utilities.

I do not believe Government should run utilities.  I think that an optimal enterprise model for utilities is a cooperative of service providers in partnership with a cooperative of service users, within parameters set by government.

I believe that such a "Not for Loss" utility model is both possible and necessary.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sun Feb 22nd, 2009 at 04:50:02 PM EST
[ Parent ]

Others have rated this comment as follows:

Cat 4

Display:

Top Diaries

Manufactured outrage

by Frank Schnittger - Sep 17
1 comment

DUP decline continues

by Frank Schnittger - Aug 29
19 comments

The American Dream

by Oui - Aug 22
29 comments

Islamic State Khorasan Province

by Oui - Aug 24
84 comments

Occasional Series