YET ANOTHER CALL for full-reserve banks (the biz model denied by the Fed just before the bank runs hit & calls started coming in for exactly that from far & wide). The world is upside down! @custodiabank proposed this. Hey Fed, you have power to reverse! hbr.org/2023/03/how-pa…
@CaitlinLong_ @custodiabank But it would destroy the fractional Reserve Banks...
@CaitlinLong_ @custodiabank Completely agree w you. Can you start operation and simply operate w extremely high capital ratio while waiting for Fed charter?
@CaitlinLong_ @Bitcoin @custodiabank @Jason this is the type of bank you want. How can you help?
@CaitlinLong_ @custodiabank You don’t give them enough credit, Caitlin. They WANT the banks to collapse and to consolidate into a handful of large, “systemically important” banks, which will have complete command and control of the “global” economy. This is the FED’s exit ramp. Their CBDC pays the toll!
@CaitlinLong_ @UnfrznCavemanMD @custodiabank Where would homeowners go to get mortgages under this model?
@CaitlinLong_ @custodiabank Full-reserve banks are a worthy consideration even before this crisis. We all know the reason they bounced Custodia is just bc no official want to risk their reputation or career for an innovation. No upside, all downside for them.
@CaitlinLong_ @custodiabank Implementing this into an economy that has exploded with so much soft money would be trying to put a used firecracker back together and try to use it again as if it was new again.