Bank of N.Y. said charging for big cash positions (cbs)

johnyj

Legendary

Offline

Activity: 1848
Merit: 1000

Beyond Imagination

Bank of N.Y. said charging for big cash positions (cbs)

August 05, 2011, 01:52:25 AM

#1

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

Why bitcoin will appreciate forever: https://bitcointalk.org/index.php?topic=277275.msg3244038#msg3244038

markm

Legendary

Offline

Activity: 2142
Merit: 1000

Re: Bank of N.Y. said charging for big cash positions (cbs)

August 05, 2011, 02:06:40 AM

#2

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-

Browser-launched Crossfire client now online (select CrossCiv server for Galactic Milieu)
Free website hosting with PHP, MySQL etc: http://hosting.knotwork.com/

ruski

Full Member

Offline

Activity: 280
Merit: 100

Re: Bank of N.Y. said charging for big cash positions (cbs)

August 07, 2011, 02:02:35 AM

#3

Quote from: johnyj on August 05, 2011, 01:52:25 AM

Cash hoarding is the main enemy of economy growth

Why hello there, Keynes.

∨∧∨∧∨∧∨∧∨∧∨∧ [ BRAVO ] Send and receive anonymous and instant payments with the power of blockchain ∨∧∨∧∨∧∨∧∨∧∨∧
∨∧∨∧∨∧∨∧∨∧∨∧∨∧ Website / Whitepaper / Telegram / Twitter / Facebook / Reddit / Instagram / Medium ∨∧∨∧∨∧∨∧∨∧∨∧∨∧

BTC_Junkie

Member

Offline

Activity: 97
Merit: 10

Re: Bank of N.Y. said charging for big cash positions (cbs)

August 07, 2011, 05:03:18 AM

#4

Wow, how common is that? Does charging to hold chash happen often?

12jAZVfnCjKmPUXTszwmoji9S4NmY26Qvu