Replace bank chiefs with small dogs: Chinese top economist


#1

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#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.


#3

“maintains a greedy-large gap between its deposit interest and lending interest rates”

You sure this is just about China?


#4

I would be happy to supply them with capitalist running dogs, a breed noted for its efficiency and entrepreneurial tendencies…


#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.


#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:


#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.


#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!


#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.


#10

This is why I laugh when people say “Communist China” with a straight face.


#11

so their government officials are not scared of their bank executives the way they are here?


#12

Which banks do not have this problem? :stuck_out_tongue:


#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.


#14

China as Discworld, eerily appropriate.


#15

Here I am with a DNRC necktie on my tie rack and I failed to see this…


#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.


closed #17

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