Posted 1 year ago on Oct. 15, 2011, 7:59 p.m. EST by e2b
This content is user submitted and not an official statement
Has anyone thrown out there the idea of creating a non profit investment bank? I mean the banking system as a whole enjoys a situation of monopoly - or oligopoly to be more precise. Investors seeking to fund some activity and companies who look for funding have to go through them, because they provide good credit guarantees (especially with the bail-outs). However the price the customers pay is far too high and money is taken from the true economy funding and given to investment banks. In a functioning capitalist world, competition should arise and financial margins go lower and lower, making the financial sector no more lucrative than any other. So why not create one ? Why not do what the banks do, for far less money? It's not that complicated after all...