Re:Radical Swiss financial reform campaign faces defeat
by notahacker on Sunday June 10, 2018 @06:27AM
(#17277475)
I don't think there's much consumer demand to have their money locked up for 25 years like a typical mortgage a bank offers its customers though. Someone's got to do the maturity transformation, and it's not like the economy is safer if that's done by pension funds and/or an aftermarket for mortgage-backed securities instead of the banks actually making the lending decision...
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Re:Radical Swiss financial reform campaign faces defeat
by yayana on Sunday June 10, 2018 @07:27AM
(#17277619)
I would have a lot of interest in getting my money paid back over 25 years with 7% interest. Getting it paid back with 0.01% is a problem and it is essentially caused by allowing Banks to loan on margin..
The problem I see with this law is that as a Swiss law it can not have the intended result. But globally reforming banking this way would probably be very effective at fixing the absurd state of global economics.