spike at hal.com
Tue Feb 21 17:58:14 EST 1995
Brian K. Yoder (byoder at netcom.com) wrote:
: Strict oversight? By whom? Why? What short of absolute insanity (or
: government regulations) could cause a bank to print more demand certificates
: for its gold than there's gold to pay it back with? Of course someone
: could try to pull a scam where they essentially drained all the money out of
: the bank and fled, but laws against fraud and oversight by a board of
: directors would be far more effective and far more sensible than unleasing
: an army of pointless clueless useless bureaucrats on the banking system.
I think someone forgot about the recent S&L debacle. In many instances,
exactly what you describe was done.
Laws against fraud and oversight by BODs don't penalize if they flee to a
country w/o an extradition treaty w/ the US.
Spike White | spike at hal.com | Biker Nerds From
HaL Computer Corp | | HaL
Austin, TX | '87 BMW K75S, DoD #1347 |
Disclaimer: HaL, do you want me to speak for you? No, Dave...
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