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Why do we need private banks at all? | 133 comments (133 topical, editorial, 0 hidden)
large investors (none / 0)
Many of the large investors are managers of OPM who aggregate many small deposits and/or retirement accounts. The purchasers of the worst CDOs included a lot of German banks who took the money from the deposits of their savings and corporate depositors and invested them in trash marked by GS or, worse, in the case of DB, their own subsidiaries.

I think it would also be useful of those accounts could find a safe home outside the banking system.

by rootless2 on Tue Feb 28th, 2012 at 06:08:42 PM EST
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Why do we need private banks at all? | 133 comments (133 topical, 0 editorial, 0 hidden)
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