Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (466461)	3/26/2009 9:13:52 AM
From: Taro	Read Replies (1) of 1574260

Banks are collapsing and will be replaced by virtual facilities over time. Middle-men are going away. I agree. Just like nobody any longer needs a travel agency to buy their flight tickets, eventually we don't need large office banks with a bunch of clerks telling us yes or no. Anybody with a decent credit rating should be qualified for a decent first loan of reasonable size. When he performs on that and thus maintains his credit rating, why wouldn't the same lender qualify him for a bigger loan next time? And so forth. It's as easy as that and it could and should all be handled on line by artificial intelligence. Artificial yes, but most likely a lot better than much of what those clerks can offer us in today's banks. Some fraud, sure, but don't we have that now? Taro

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