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Bill: De-regulation of banking system Act
Details
Submitted by[?]: Hulstrian Labor Party
Status[?]: passed
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: April 2659
Description[?]:
| Freeing up the momevment of capital while giving the government the right to set interest rates. Also gives citizens the choice of government security or greater returns with the riskier private system |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates large, national banks, but small community based private banks are allowed.
Current: The government operates large, national banks, but small community based private banks are allowed.
Proposed: The government operates a central bank and all other banks are private.
Debate
These messages have been posted to debate on this bill:
| Date | 20:21:11, October 31, 2008 CET | From |  Konstitutionelle Monarchie Partei | To | Debating the De-regulation of banking system Act |
| Message | If a finiancal crisis would happen in this nation, there will be a high risk of those private national banks to fall leaving the central government to pick up all the pieces with just one single bank. With several large national banks, it will create a buffer for the effective local community based banks if they would face any crisis. It\'s too risky to put so much national private banks in the market. Note that this current law made the national surplus spike 3 billion dollars after it was passed, a good sign of the policy we have in place. |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 493 | ||||||
| no | Total Seats: 157 | ||||||
| abstain | Total Seats: 0 |
| Random fact: Cultural Protocols should generally be reflective of RP conducted within the nation and should not significantly alter or modify the ethnic, religious or linguistic composition without considerable and reasonable role-play or other justification. |
| Random quote: "The basis of a democratic state is liberty." - Aristotle |