Five Steps To Fixing Greece's Debt Problem - lewrockwell.com
Excerpt from this article:
"Assets currently held by the Greek government in banks should be sold
off and Greece should then make a clear distinction between true
depository institutions and loan banks.
Depository banks would function in a manner similar to that of a
storage facility where customers are charged fees for the storage of
items such as furniture, boats, clothes, books, etc....However, 100-percent equity-financed loan banking should remain
available and open to competition. Customers would need to keep in mind
that putting money in a loan bank would be like putting money in the
stock market. You know you risk losing everything. Such banks, or
investment trusts, would be like any other business and this industry
would not need any more special regulation than the potato chip
industry.
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