Originally posted by jkoder
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Previously on "Banks: interesting view from Duncan Bannatyne..."
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Originally posted by jkoder View PostNever rated DB much, he's certainly not Alan Sugar or Richard Branson. I guess his comments go along way to explaining this.
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Someone needs to tell him where we are with this - and then order him out!
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Originally posted by BrilloPad View PostThere often are no middlemen. And the banks only borrow/lend when they need to/have excess funds.
If Bannatyne thinks it is so easy he should open a bank.Last edited by MPwannadecentincome; 22 February 2009, 23:35.
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Originally posted by Doggy Styles View PostHold on. If banks weren't allowed to lend to each other, they'd all have to ensure that their funds were solvent. That is, that they don't lend more than they've got in deposits.
Why is that a bad thing?
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The supermarket analogy does not hold well methinks - I imagine not all banks are like supermarkets. Some may be, but others are probably more like smaller grocery stores who have to buy fruit and veg from a wholesaler, so I can see the need for wholesale banks and retail banks.
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Hold on. If banks weren't allowed to lend to each other, they'd all have to ensure that their funds were solvent. That is, that they don't lend more than they've got in deposits.
Why is that a bad thing?
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Never rated DB much, he's certainly not Alan Sugar or Richard Branson. I guess his comments go along way to explaining this.
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Agreed - stick to simple business models a la Ice Cream vans and Reggae-Reggae sauce you gobtulipe sweaty-sock!
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Originally posted by MPwannadecentincome View Posthttp://business.timesonline.co.uk/to...cle5733424.ece
So that's why the govt. need to rescue so many banks!
Just like recessions make companies look at their organisational structures and strip out layers of management, shouldn't banks do the same and strip out some of the middlemen?
If Bannatyne thinks it is so easy he should open a bank.
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Banks: interesting view from Duncan Bannatyne...
http://business.timesonline.co.uk/to...cle5733424.ece
We need to stop the banks lending to each other.” Isn’t one of the economy’s main problems that inter-bank lending has all but collapsed? “No, no, no. The system would be much better if they stopped lending to each other. They’re just sending the same pot of money around and around and every time someone takes commission out of it. I don’t see why they do it . . . Supermarkets don’t lend fruit and veg to each other.
I don’t want Bank A to lend to Bank B to lend to Bank C. I want them to lend to me!Tags: None
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