I' ve decided to become a commercial bank...! - Home Brew Forums
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Old 11-12-2008, 07:17 PM   #1
beergears
 
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I will be accepting deposits next week, and the Treasury bailout paperwork should be out by then.

If you send me beer, I will make proper appointments to the BOD.

Year-end bonuses, baby!
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Old 11-12-2008, 07:25 PM   #2
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American Express Banks on Federal Help - BusinessWeek

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On Nov. 10, the Federal Reserve approved American Express' application to become a bank holding company. Until now, AmEx couldn't use the same tools as its rival credit-card companies to raise cash. Under the government's bailout plan, banks regulated by the Federal Reserve could rely on cheap funding from the Fed and from other efforts by the government to prop up the banking system. Also, these banks can compete for deposits from bank customers, another relatively cheap form of funding.

 
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Old 11-12-2008, 07:28 PM   #3
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RC, this is unfair, you are distracting my customers...
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Old 11-12-2008, 07:30 PM   #4
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I want a clock radio toaster.
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Old 11-12-2008, 07:31 PM   #5
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Sorry but its a sad state of affairs

How about Bank of Homebrewers or BoH we trade in Hop futures.

 
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Old 11-12-2008, 07:33 PM   #6
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Quote:
Originally Posted by olllllo View Post
I want a clock radio toaster.
Outdated. Now it is more like:

"Do you want a bank with your toaster?"
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Old 11-12-2008, 08:03 PM   #7
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Aah, capitalism at its finest, taking advantage of the swift transformation of the economy to socialism!

And I'm going to start an auto company, so I too can take advantage.
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Old 11-12-2008, 08:10 PM   #8
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I wonder what is happening in the virtual worlds (Second Life etc.).

Are they mimicking today's real life, or did they regulate finance laws better in the first place...?
Is there an Alsaka, and who rules it?
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Old 11-12-2008, 09:32 PM   #9
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I'm feeling really unhappy about making the mortgage payment on time and not having any credit card debt. I think I'll go buy all the rest of my AG equipment new, on credit, then not pay it.

 
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Old 11-12-2008, 09:36 PM   #10
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I've been a merchant banker all my life! (English cockney rhyming slang joke)

 
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