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

[johnyj]

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

[markm]

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-

[ruski]

Cash hoarding is the main enemy of economy growth

Why hello there, Keynes.

[BTC_Junkie]

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