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Bill: Down With the Federal Bank
Details
Submitted by[?]: Free Democratic 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: May 3812
Description[?]:
| "Time and time again we are trying to promoted governmental transparency. Too much bad deals and corruptness." ~Ted Johnson, Head Chairman of the LCC |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: All banks are privately owned.
Proposed: All banks are privately owned.
Debate
These messages have been posted to debate on this bill:
| Date | 02:04:16, March 07, 2015 CET | From |  Federal Green Party (FGP) | To | Debating the Down With the Federal Bank |
| Message | We are opposed to any private central bank. While we certainly wish to reform our current central bank we wish to make it more democratic and accountable to the public, not less. Besides, we do support the existence of independent public banks and credit unions. Purely private banks might end up leaving consumers in poor conditions and contracts. Especially if there is increased consolidation of the banking system with fewer large banks. Private banks (as well as any private industries) only work well with competition. Too often we see consolidation of banks, meaning less competition and higher rates on loans for the people. A public bank is a great way to keep the rates relatively low, despite consolidation and lack of competition amongst private banks. |
| Date | 16:15:31, March 07, 2015 CET | From | Coalition for National Unity [CNU] | To | Debating the Down With the Federal Bank |
| Message | "The Unionists continue to support the vital work of the Bank of Solentia and her dedicated employees across the country." Ala-ad-Din ibn Haroun al-Fulan, Unionist Legislative Lead |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 186 | ||||
| no |
Total Seats: 239 | ||||
| abstain | Total Seats: 0 |
| Random fact: Particracy does not allow role-play that seems to belong to the world of fantasy, science fiction and futuristic speculation. |
| Random quote: "If we were to wake up some morning and find that everyone was the same race, creed and color, we would find some other causes for prejudice by noon." - George Aiken |