King
intermoderate
Atlas Star
Posts: 29,356
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« on: October 27, 2015, 12:31:14 PM » |
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I think our banking system is quite good. The real problem is investment banking that sort of makes money just to make money.
The cleanest solution is to institute a progressive capital gains taxes based on holding length, which would go after day traders, speculators, shorters, etc. and reward true investment.
I would also attempt to design some sort of federal-private partner system to incentive banks to take more chances on small business loans. There are several possibilities here, and I am no expert to determine the best one. I would like to see credit unions expand, however. Perhaps raising the NCUA insurance rate and lowering the FDIC rate to get more money into them would be simple solution.
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