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| User Info | Rebuttal To Mish: FRL; entered at 2009-05-07 18:29:42 | |||
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Piranha Posts: 67 Registered: 2008-11-20 
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"It's just not kosher for full reservists, because they think that the coal mine title lien collateral is not the same as $10k cash in hand." It's not. If you want to assume the risk of it being same-as-cash, then you risk being insolvent at any given time if you're not sensible. Banks make enough simply on the interest rate arbitrage and fees. That's why they should be a public utility. If they want to be private, then there should be no interest arbitrage granted by being a Fed franchise. They should only make broker fees and all paid interest on loans go directly to depositors. 2009-05-07 18:29:42
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