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Author Topic: Bank of N.Y. said charging for big cash positions (cbs)  (Read 803 times)
johnyj
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August 05, 2011, 01:52:25 AM
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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

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markm
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August 05, 2011, 02:06:40 AM
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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.

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August 07, 2011, 02:02:35 AM
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Cash hoarding is the main enemy of economy growth

Why hello there, Keynes.

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August 07, 2011, 05:03:18 AM
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Wow, how common is that? Does charging to hold chash happen often?

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