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Banking with the Abyss feat. Nathan Tankus

TRASHFUTURE

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Is Uninsured Deposits Just Money?

With the revelation that uninsured deposits are just money, it sort of blows a whole in the side of the entire commercial bank business model. How come lending, lending and payment facilitation and just money storage? How come these are all the same organization? There's actually a very good argument to be made for things like postal banking or even for things like the Fed just providing these services directly.

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