Article

2011-07-19 Europe

30 million Europeans have no bank account

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Posted by Fred 2011-07-19 00:00|| || Front Page|| [3 views ] Top

#1 Bank account is a human right?

Posted by g(r)omgoru 2011-07-19 02:48|| 2011-07-19 02:48|| Front Page Top

#2 In Germany, at least, anyone can open a savings account at the post office, without needing to go to a bank. This appears to me a bid to get more money into banks, to bolster their balance sheets. But admittedly I don't understand financial things, so perhaps it's something else.

Posted by trailing wife 2011-07-19 09:36|| 2011-07-19 09:36|| Front Page Top

#3 More like a financial leash, as Fred said.

Posted by Pappy 2011-07-19 10:58|| 2011-07-19 10:58|| Front Page Top

#4 Once you accept the premise of positive rights, their ranks will become legion, grom. As populous as the whims of the activist class can breed them, really. The main reason, really, why libertarian ideologues emphasize negative rights ("things that can't be done to you") vs. positive rights ("things that must be done for you").

Posted by Mitch H. 2011-07-19 13:51|| http://blogfonte.blogspot.com/ 2011-07-19 13:51|| Front Page Top

#5 A lot of banks are becoming very nervous, because their business model has been transcended by other financial service companies. Why keep your money in a virtually non-interest bearing account at a bank?

Banks only function today because of financial exchange inertia. That is, individuals and corporations are only dealing with banks because they have always dealt with banks.

Comes a better mousetrap, and banks go the way.

Posted by Anonymoose 2011-07-19 14:23|| 2011-07-19 14:23|| Front Page Top

#6 Mitch,
("things that can't be done to you") vs. positive rights ("things that must be done for you").

Rapidly followed by "things YOU must do for us".

Posted by AlanC 2011-07-19 15:34|| 2011-07-19 15:34|| Front Page Top

#7 "Rapidly followed by "things YOU must do for us"."

"Rapidly followed by," hell, Alan. That's the first thing the Lefties want. :-(

Posted by Barbara 2011-07-19 16:15|| 2011-07-19 16:15|| Front Page Top

#8 ...still waiting for the bitcoin economy...

Posted by Iblis 2011-07-19 17:33|| 2011-07-19 17:33|| Front Page Top

#9 Tha Amish never complain about banks, interest rates, gIvernment debt, stock market and they are doing just fine. Maybe they
should get 50 million with no accounts.

Peolple also use their smart phone as a payment vehicle.

Posted by airandee 2011-07-19 20:56|| 2011-07-19 20:56|| Front Page Top

#10 The Amish never complain about banks because they make only deposits, not withdrawals.

Posted by Nimble Spemble 2011-07-19 21:49|| 2011-07-19 21:49|| Front Page Top

23:28 rjschwarz
23:22 JosephMendiola
23:21 S
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22:52 trailing wife
22:44 USN,Ret.
22:43 trailing wife
22:36 trailing wife
22:35 JosephMendiola
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21:54 Pappy
21:49 Nimble Spemble
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21:37 Nimble Spemble
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19:54 My two cents