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You should be upset. Why is it that only select few can have reserve requirements and make interest on free loans from the central bank. It's a direct transfer
by marshallp 14y ago
You should be upset. Why is it that only select few can have reserve requirements and make interest on free loans from the central bank. It's a direct transfer of wealth to the chosen few.
- tptacek 14y agoIf you believe that, why would you want to run an algorithmic automated trading system?
- Evbn 14y agoAnyone can start a bank, you just have to do the work to meet the requirements.
- marshallp 14y agoIs it as easy as possible? Can you borrow straight from the central bank at the low interest rates? The more regulations/expenses you put in the way the less competitiveness there is and the more unfair it is (hence giving free money to the powerful). (Also, will I get a bailout?)