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Windfall taxes and bailouts aren't the policies that create a healthy banking sector. Instead they should worry about crafting better regulations and having com
by megaman821 3y ago
Windfall taxes and bailouts aren't the policies that create a healthy banking sector. Instead they should worry about crafting better regulations and having competition for where people's savings go.
- femiagbabiaka 3y agoWhat would you say is an exemplar of a healthy banking sector?
- megaman821 3y agoA healthy sector would have banks with balance sheets large and diverse enough to smooth over small economic disruptions like a bad bank investments or increased customer withdraws, and banks would offer customer savings rates much closer to overnight lending rates.
- hello_moto 3y agoThis is a one-off tax if I read that correctly...
- scotty79 3y agoIdeally you make things more fireproof. But that's not an argument for not putting out things that are in flames at the moment.