Sir John Vickers: Reforms will mean a banking system that is self-reliant so "taxpayer is never again on the hook for losses that banks make"
Comments
How to deal with the banksters-limit monetary growth to the economic growth rate. Forbid banks to lend money they don't have.Raise interest rates to either 5% or 3% above inflation,whichever's the higher.Help savers for a change. Aim at zero inflation.Creat new money debtfree.
How to deal with the banksters-limit monetary growth to the economic growth rate. Forbid banks to lend money they don't have.Raise interest rates to either 5% or 3% above inflation,whichever's the higher.Help savers for a change. Aim at zero inflation.Creat new money debtfree.
Posted by: mark taha | September 13, 2011 at 02:46 PM