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GT athletic dept has amassed $229 million in debt
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<blockquote data-quote="RLR" data-source="post: 199587" data-attributes="member: 486"><p>I don't think anyone in the banking industry really cares what the public thinks. To the extent that they do care, they'd much prefer that the muppets click on the bait rather than spend that time learning what a leveraged buyout is. Or looking up AIG's dividend history. Or learning what the bailout actually paid for.</p><p></p><p>But even all that is beneign compared to the unholiest of questions - do debt & interest still need to exist? Digital currencies can do to monetary policy what the Internet did to telecommunications. Ignoring political hurdles, digital money could solve the liquidity trap & defeat the ZLB iff the units of currency were coded to expire. (Essentially, this would mean hitting savers with the "stick" until they invest their money instead of offering carrots to the hoarders of capital to invest their $)</p><p></p><p>@BigBankFanBoys I hope you're right, especially now that this is a thing <a href="http://www.americanbanker.com/news/bank-technology/congress-just-abandoned-data-privacy-but-banks-can-restore-it-1078492-1.html" target="_blank">http://www.americanbanker.com/news/bank-technology/congress-just-abandoned-data-privacy-but-banks-can-restore-it-1078492-1.html</a></p><p></p><p>@GTFans sorry for the off topic ramble. I'll self-Censor myself from this thread henceforth</p></blockquote><p></p>
[QUOTE="RLR, post: 199587, member: 486"] I don't think anyone in the banking industry really cares what the public thinks. To the extent that they do care, they'd much prefer that the muppets click on the bait rather than spend that time learning what a leveraged buyout is. Or looking up AIG's dividend history. Or learning what the bailout actually paid for. But even all that is beneign compared to the unholiest of questions - do debt & interest still need to exist? Digital currencies can do to monetary policy what the Internet did to telecommunications. Ignoring political hurdles, digital money could solve the liquidity trap & defeat the ZLB iff the units of currency were coded to expire. (Essentially, this would mean hitting savers with the "stick" until they invest their money instead of offering carrots to the hoarders of capital to invest their $) @BigBankFanBoys I hope you're right, especially now that this is a thing [URL]http://www.americanbanker.com/news/bank-technology/congress-just-abandoned-data-privacy-but-banks-can-restore-it-1078492-1.html[/URL] @GTFans sorry for the off topic ramble. I'll self-Censor myself from this thread henceforth [/QUOTE]
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