My Letter to the Finance Minister of Canada.

[ironchef]

Thank you, I will continue to support governments around the world.

Did you send your suggestions to the US Government?

 

[morganist]

Yes for the worse.

What is happening today is gubmint control. The market place if left alone knows better.
Banks (and Central Banks) that can't cut should fail. Period.

Good for every other industry (when the gubmint doesn't step in there too) good for them.

Either way banking has changed a lot since most the recommended banking books were written. Now it all about managing repayment and shifting debts to low interest paying loans. The banks make money on the transfer fees. That is what banking has turned in to.

 

[morganist]

Did you send your suggestions to the US Government?

Yes. Linked to below.

http://morganisteconomics.blogspot.com/2020/01/letter-to-president-of-america.html

I might send an email to the Finance Minister too. I will look in to it over the next couple of days.