/biz/ - Business & Finance

>>58293082
>To begin with banks should always maintain strong reserves and invest (loan) as prudently as possible. Banks don't crash when they're properly run but greed and incompetence runs rampant in the sector
Totally agree!
A strong banking system is of utmost importance to modern civilization. This means using the banking breakthroughs pioneered in the Italian Renaissance, like fractional reserve banking, but using it well. Both a lack of fractional reserve banking, and its abuse for mere speculative investment, is detrimental to civilization.