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To: mishedlo who wrote (100881)	8/15/2009 3:40:13 PM
From: Elroy Jetson	Respond to of 116555

That's a great solution so long as everyone can adjust themselves to paying $20 to $50 a month for a checking account, depending on the level of services they desire. Currently these fees are lower, and most avoid paying them, because the bank lends out their deposits. In Switzerland there are banks which don't lend out your savings. They charge 1/2 of 1% annually to keep large deposits. You can visit your cash in the vault anytime you wish. .

To: mishedlo who wrote (100881)	8/15/2009 3:42:44 PM
From: philv	Respond to of 116555

You are speaking heresy, say it ain't so! The fractional reserve banking system would not be as fractional as before! And what about profits? If they can't lend out demand deposits which pay no interest to the depositor, well, its just a revolutionary idea. Lending out money deposited, especially the juicy large current account corporate demand deposits is the entire concept of banking which you're ruining. Gee, they even lend out overnight deposits. You know what they did to heretics don't you? <g>