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Bill: Central Bank Act

Details

Submitted by[?]: Williams Family

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: September 3306

Description[?]:

Forms a central bank - controlled by the government - and leaves the rest of the banking industry to the private sector.

Proposals

Debate

These messages have been posted to debate on this bill:

Date05:46:16, May 19, 2012 CET
From Beluz Democratic Karavist Party
ToDebating the Central Bank Act
Message"Banking" should not be an industry to take advantage of the people.
Small community-based private banks are already allowed. These include regular banks and credit unions that are run privately to allow storage of personal funds, etc.

Allowing too many big banks will just dilute the strength of democracy by limiting the power of the bank controlled by the government. The people elect the government.
Other big banks will monopolize property; we cannot tolerate that.
In a matter of years, more than 50% of properties, vehicles, and big assets, will be owned by bank owners. Do you think anyone would be able to start a bank? No! Only a few oligarchs would control the entire "industry" you would want banking to become.

Date05:55:09, May 19, 2012 CET
FromWilliams Family
ToDebating the Central Bank Act
MessageYou're assuming that the banking industry will become corrupted and take advantage of people? I disagree... Banking - just like any other industry - can prove advantageous because of competition among banks for clients. While it has happened in the past that big banks try to use their status in unethical ways, we can't ignore the fact that a thriving banking industry can provide great contributions to our economy in the form of jobs, and opportunities for people to invest their savings in a diverse range of options and financial instruments provided by competing banks.

Date12:25:29, May 19, 2012 CET
From Beluz Democratic Karavist Party
ToDebating the Central Bank Act
MessageIt's not going to be corrupted, but it will take advantege of people. The entire point/idea of the industry is taking advantage of people.

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Voting

Vote Seats
yes
  

Total Seats: 57

no
  

Total Seats: 42

abstain

    Total Seats: 0


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