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Title: Bank of N.Y. said charging for big cash positions (cbs) Post by: johnyj on August 05, 2011, 01:52:25 AM http://www.marketwatch.com/story/bank-of-ny-said-charging-for-big-cash-positions-2011-08-04 (http://www.marketwatch.com/story/bank-of-ny-said-charging-for-big-cash-positions-2011-08-04)
This news caught my attention, I think if all the banks start to charge saving accounts, then people would rather hold their investments. But it turns out it is only a charge by the insurance company Cash hoarding is the main enemy of economy growth Title: Re: Bank of N.Y. said charging for big cash positions (cbs) Post by: markm on August 05, 2011, 02:06:40 AM Wow, the depisit insurance is actually paid for by the banks!
Amazing! I always figured they let the taxpayers take care of that for them. -MarkM- Title: Re: Bank of N.Y. said charging for big cash positions (cbs) Post by: ruski on August 07, 2011, 02:02:35 AM Cash hoarding is the main enemy of economy growth Why hello there, Keynes. Title: Re: Bank of N.Y. said charging for big cash positions (cbs) Post by: BTC_Junkie on August 07, 2011, 05:03:18 AM Wow, how common is that? Does charging to hold chash happen often?
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