doctorow at December 27th, 2013 18:00 — #1
jardine at December 27th, 2013 18:10 — #2
China's former chief economist has excoriated the nation's banking system, which charges high fees and maintains a greedy-large gap between its deposit interest and lending interest rates.
That sounds like Canada's banking system.
stephen_schenck at December 27th, 2013 18:11 — #3
maintains a greedy-large gap between its deposit interest and lending interest rates
You sure this is just about China?
fuzzyfungus at December 27th, 2013 18:15 — #4
I would be happy to supply them with capitalist running dogs, a breed noted for its efficiency and entrepreneurial tendencies..
raybert at December 27th, 2013 18:19 — #5
That sounds like EVERY banking system ever.
But I must say, replacing bank chiefs with small dogs would be an improvement in many ways.
jsroberts at December 27th, 2013 18:22 — #6
Such a business provides no value, and is merely parasitic on the people: "With this kind of operational model, banks will continue making money even if all the bank presidents go home to sleep and you replaced them by putting a small dog in their seats."
Yeah, not sure that's going to help:
myopichumanist at December 27th, 2013 18:24 — #7
To be fair, he's both. You'd have to send him home to sleep, which means you can't replace him with himself.
william_holz at December 27th, 2013 19:13 — #8
OOH! Can we replace all three branches of government with random fifth graders while we're at it?
It can't help but be a massive improvement!
space_monkey at December 27th, 2013 19:14 — #9
Sounds like the inevitable result of letting for-profit entities practice fractional reserve banking. It just might be a more novel situation over there than it is here.
actionabe at December 27th, 2013 19:21 — #10
This is why I laugh when people say "Communist China" with a straight face.
lava at December 27th, 2013 19:39 — #11
so their government officials are not scared of their bank executives the way they are here?
antdude at December 27th, 2013 19:43 — #12
Which banks do not have this problem?
ronaldpottol at December 27th, 2013 22:03 — #13
Kinda longing for the traditional 3-4-6 banking plan. Pay 3% on deposits, get 6% on loans, and on the golf course by 4pm. Looking better and better.
iheartbeijing at December 28th, 2013 01:12 — #14
China as Discworld, eerily appropriate.
raybert at December 28th, 2013 06:33 — #15
Here I am with a DNRC necktie on my tie rack and I failed to see this...
cservant at December 28th, 2013 16:00 — #16
I always thought it was 3-6-3 rule. 3% to savers, 6% for loans, out the door by 3 o'clock for golf.
doctorow at January 1st, 2014 18:00 — #17
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