Bernie Sanders To Introduce Bill To Break Up The Big Banks

[Economy 52,845]

 

​According to your logic one state-owned bank would be the best  highly regulated, no competition.

If banks are unable to grow after a certain percentage of GDP, the problem is fixed with competition and continuous higher interest rates.

​Well, Im not completely against State-Owned banks. Would be safer... and if anything, Governments could have mroe direct influence on the economy and market rates. ATM Central Banks can only influence market rates with their "benchmark rate" but its effect is limited, they cant force specific rates in private banks

 

However, that may not be legal in most Nations because most developed Nations have a rule in which Government and Central Bank is to be seperate. Also Central Banks arent suppostu manipulate currencies and stuff past a certain point (forgive me i dont know all the rules in detail)

 

So a State Bank like in China in many Nations just wouldnt be legal because the Government would have to much direct power in credit and currency creation. But i do support the concept if it was legal

 

You know im mostly Capitalist. I dont like over-regulation... I like competition, i like the market to work it self out...

 

But with the financial sector in particular my opinion is different cause its kind of unique. And its not just me. The Conservative Right Winged party in Canada (currently in power) that usually is regulation lacking also singles out the financial sector as needing special attention and that some rules that apply to other sectors are different in the case of the financial sector

 

Of course this is an opinion... But its not an opinion without reasoning