Briggsy

Three Reasons Why Investors Should Worry About Bank Nationalization

Banks can process the checks I write and safeguard my deposits. I will pay them a small fee for doing that. But their lending activity is just parasitic. Go to a lottery-based lending model operated by Treasury, perhaps with banks as dispensary agents. Lending without the mark-up. Fair. Risk distributed on the basis of chance, not upon some claim of superior business judgment or outright favoritism.