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Bill: Banking Reform
Details
Submitted by[?]: Beluz People's Party (BPP)
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: September 4135
Description[?]:
| The BPP wishes to guarantee the security of our economic system with sound monetary policy. |
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 | 12:50:03, December 13, 2016 CET | From | Freedom Socialist Party | To | Debating the Banking Reform |
| Message | Greeting, friends of the BPP! We will vote yes as of now based in our party's perception of Beluzia's need to incentivate small business and enterpreneurs, and not just because of our leftist program. Small business' success not only represents an more diverse distribution of wealth, but also helps creating new jobs to our community. Well, with big private banks dominating the market, small business have harder times obtaining loans, according to our studies. Credit access in markets dominated by big banks tends to be lower for small businesses than in markets with a relatively larger share of small banks. One reason is that big banks rely on computer models to determine whether to make a loan. Because the local market conditions and the circumstances surrounding each borrower and his or her enterprise are so incredibly varied, this standardized approach does not work very well when it comes to understanding the nuances of risk associated with a particular small business. By drawing on qualitative information – getting to know the borrower, learning about the business, and understanding the local market – small banks can better assess risk and successfully make loans to a wider group of small businesses. Because big banks are run from afar, it’s impossible, or at least very expensive, for them to obtain the kind of qualitative information about risk that local bankers pick up naturally by being part of the community and interacting with borrowers. As a result, there are no economies of scale in small business lending; just the opposite. Small banks are, on average, more efficient small business lenders and make a better return on their assets. Considering those nuances and thinking our economic plans going forward, we of the PCP feel this bill should pass, and that's not just because of some blind left-wing "hate" toward the big banks. We think it will be an more efficient and smart economic growth program for our country. Dr. Rodrigo Carvalho PhD in Economy, Professor and Researcher of International Macroeconomics and Development Economics Co-Founder of the People's Coutinho Party |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 173 | ||||
| no |
Total Seats: 324 | ||||
| abstain | Total Seats: 0 |
| Random fact: Before choosing a nation, you may wish to research it first. For more information on the cultural backgrounds of the nations, please see the Cultural Protocols Index: http://forum.particracy.net/viewtopic.php?f=11&t=6365 |
| Random quote: "It is the absolute right of the State to supervise the formation of public opinion." - Joseph Goebbels |