The Swiss banking system

I would suggest that we can’t move too far toward the Swiss banking system as we desire our banks to take risks to keep the economy moving forward. If we only loan to the most credit worthy and hold considerable reserves our economy will suffer greatly. Part of the American system is taking a chance and failing. This goes for banking as well. They loan money to less credit worthy entities and charge more for it. This allows them to make more profit, another American ideal. The Swiss are not the global engine of growth. They make cheese and live in the mountians listening to a Jazz festival. 😉

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s