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I'd love to hear you expound on that theory. I find it really unlikely that anyone would trust a private corporation in that role.
by setpatchaddress 11y ago
I'd love to hear you expound on that theory. I find it really unlikely that anyone would trust a private corporation in that role.
- prostoalex 11y agoPrivate corporations already underwrite bonds (and related debt products like pensions, corporate loans, annuities or mortgages). A deposit in a bank is not completely different from a customer loaning money to the banking institution (at low or zero interest) in exchange for on-demand funds availability.