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Bill: The Banking Reform Bill
Details
Submitted by[?]: Republican Democratic Nationalist Party
Status[?]: defeated
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: December 3580
Description[?]:
| To put the financial industry under strict regulationsy, to sure safe investment of citizens funds |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates large, national banks, but small community based private banks are allowed.
Debate
These messages have been posted to debate on this bill:
| Date | 16:41:11, November 22, 2013 CET | From | Beluzian Republic Independence Party | To | Debating the The Banking Reform Bill |
| Message | Why would you forbid our existing private banks. This wont help our economy |
| Date | 17:44:21, November 22, 2013 CET | From | Republican Democratic Nationalist Party | To | Debating the The Banking Reform Bill |
| Message | The bill doesnt abolish private banks, nor does it put a quota on their existance. It simply reduces their respective sizes. Private banks are profit oragnisation (i.e. In layman's terms it is that they are ready to fill their pockets at any cost). Resulting in a possible danger in future in the financial indutry caused by mass regulation,) on the other other hand govt bank being a govt enitity put peoples needs first. This will result in safer investments leading to small but steady and consistant profits and turns putting a strong positive impact in social welfare. |
| Date | 19:43:48, November 22, 2013 CET | From | Beluzian Liberty Party | To | Debating the The Banking Reform Bill |
| Message | Why is it that profits are seen as greed and ill gotten except when the government turns a profit then it is celebrated as a surplus? Furthermore to your point that governments put peoples needs first, that is until they don't, until there is an incentive not to do so, cronyism, corruption, malfeasance. There is no guarantee that a government bank will always put people first. |
| Date | 21:10:24, November 22, 2013 CET | From | Republican Democratic Nationalist Party | To | Debating the The Banking Reform Bill |
| Message | Dear BLP Profit is good, but large private gains in massive public losses is dengerous. And Large Private banks tend to do so. Also, apart from me and Stanton all the other parties are in Govt. So are u saying u guys have a limit to which u serve the interest of the people? And also you have incentive to commit corruption? BCL is specially incharge of Financial affairs, are u suggesting that they r cheating the people? If so then we RDNP on behalf of all Beluzians, request your immediate resignation!!!!! |
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Voting
| Vote | Seats | ||||||
| yes | Total Seats: 60 | ||||||
| no |
Total Seats: 340 | ||||||
| abstain |
Total Seats: 0 |
| Random fact: Use a valid e-mail address for your Particracy account. If the e-mail address you entered does not exist, your account may be suspected of multi-accounting and inactivated. |
| Random quote: "God creates men, but they choose each other." - Niccolo Machiavelli |