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| Apr 07, 2010 1:22 pm |
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re: Fixing the financial system? |
Ken Hilving
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Seems to me that any of this could be implemented without any new regulatory effort, and offered to the general public using "transparency" as the key marketing focus.
Bank deposits, held in cash, would not gain interest and would have a service cost for the operation. Inflation would reduce the value. Yet the deposits would be more convenient to use (checks, ATM) and secure (bank vault versus mattress). As an alternative, the amount of deposits involved in loans or investments versus held in cash is something a bank could keep its depositors aware of.
The uninsured loan approach seems like an incentive for local banks to work with those they make loans in partnership. A defaulted loan becomes a real loss, and changing terms to reduce or prevent that loss becomes mutually beneficial.
Insurance should work that way, and like bank deposits any split between premium payments held in cash and cash invested is something the insured should know.
So, anyone know of any banking or insurance companies that do this today? Private Reply to Ken Hilving (new win) |
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