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Bill: Sensible Banking Bill
Details
Submitted by[?]: Sozialdemokratische Partei
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: April 4647
Description[?]:
Proposals to end predatory interest rate charges and to ensure the sustainability of banks. |
Proposals
Article 1
Proposal[?] to change Policy on the charging and collection of interest on loans
Old value:: Banks and financial institutions charge interest on loans and are regulated
Current: The central bank determines the policy on charging interest on loans (if one exists)
Proposed: Charging interest on loans is illegal
Article 2
Proposal[?] to change Reserve requirements for bank loans
Old value:: There is a fractional reserve requirement for bank loans.
Current: There is a fractional reserve requirement for bank loans.
Proposed: There is a full reserve requirement for bank loans.
Debate
These messages have been posted to debate on this bill:
Date | 00:22:18, October 09, 2019 CET | From | Libertärer Kommunist Partei | To | Debating the Sensible Banking Bill |
Message | We vote no. While loans are a dangerous practice, in times of crisis, they are necessary. How else are banks supposed to make money? The current system we have allows for profit and affordable loans that do not completely consume the loan receiver. |
Date | 10:13:31, October 09, 2019 CET | From | Sozialdemokratische Partei | To | Debating the Sensible Banking Bill |
Message | That's an extremely bizarre argument coming from a so called "Communist" party. - Grüne Alternative parliamentarian |
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Voting
Vote | Seats | ||
yes | Total Seats: 34 | ||
no | Total Seats: 716 | ||
abstain | Total Seats: 0 |
Random fact: "OOC", "IC" and "IG" are commonly-used acronyms in Particracy. "OOC" refers to comments, discussions and actions which are out-of-character, meaning they are done player-to-player rather than party-to-party. "IC" refers to in-character interactions (ie. party-to-party). Similarly, "IG" means in-game, although this term may also simply refer to what happens in the actual game interface, as opposed to on the forum or elsewhere. "RP" just means "role-play". |
Random quote: "Catch a man a fish, and you can sell it to him. Teach a man to fish, and you ruin a wonderful business opportunity." - Karl Marx |