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[Draft] Bankrupt Bank

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Wielka Slavonia
Political Columnist
 
Posts: 3
Founded: May 21, 2020
Anarchy

[Draft] Bankrupt Bank

Postby Wielka Slavonia » Wed Jun 03, 2020 8:34 am

[description] A massive investment bank, the Lehman Sisters has recently went bankrupt, sending shockwaves and panic throughout the economy. As billions of @@CURRENCY@@ have seemingly evaporated into thin air, the entire banking and finance sector has been destabilised. A group of anxious bankers, economists and activist burst through the door to your office
[validity] not socialist

[Option1] ''This crisis has the potential to spiral into a regionwide depression'' explains your chief economist @@RANDOMNAME@@, who coincidentally was also a major shareholder of Lehman's Sisters. ''We need to act now. We need to provide the banks with free cash- I mean quantitative easing- to absorb the losses and stimulate the economy back to the optimal level. We need to restore the status quo. Bail out the banks who are in trouble, restore the institutions that have gone bankrupt- I mean were neglected by- the guiding hand of the government and its wise Leader and peace and order will be restored''
[effect] Government bailouts cover banks' every expense

[Option2] ''WITH MY TAX MONEY?'' yells @@RANDOMNAMEFEMALE@@, a radical socialist activist through her loudspeaker. ''This is the height of corporate greed in @@NAME@@. All banks are untrustworthy and scheming. What we need is to make all banks state run for the public good. We can appoint some more women as CEOs of those state run banks and provide people with interest-free mortgages. Equality and justice, Leader, the revolution is here!''
[effect] Former bankers flood the homeless shelters

[Option3] ''That may be a bit extreme'' explains the @@RANDOMNAME@@, a trade economist working for OldmanCachs. ''Perhaps my employers, and the banks in general, need more regulation and monitoring. Dear Leader, there is some shady business banks do all the time, and it's clear that the lax regulations only contribute to mayhem. Have government officials be present at every board meeting to ensure business is conducted honestly. Yes it is quite invasive, especially for smaller banks and we will have to significantly expand our bureaucracy, but we ought to make hard choices''.
[effect] Banks need government permission to open new checking accounts

[Option4] ''This exactly is the problem'' Exclaims @@RANDOMNAMEMALE@@, the leader of @@NAME@@'s Anarchist society, while unzipping his backpack. ''The government wants to stick it's nose into everything and just ends up making things worse'' he continues, as he takes out cans of spray paint ''Let the banks fall. If they know they cannot rely on free handouts whenever business goes south, they will be more careful. This is a bitter medicine that we must swallow'' he finishes spraying the Anarchist logo on your desk
[effect] Government officials go on holidays during recessions

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Australian rePublic
Postmaster of the Fleet
 
Posts: 20467
Founded: Mar 18, 2013
Inoffensive Centrist Democracy

Postby Australian rePublic » Wed Jun 03, 2020 2:22 pm

Option 2- state banks are there?
From Greek Ansestry Orthodox Christian
17 Published Issues and 1 WA Resolution
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Ko-oren
Negotiator
 
Posts: 5032
Founded: Nov 26, 2010
Democratic Socialists

Postby Ko-oren » Thu Jun 04, 2020 4:32 am

Australian rePublic wrote:Option 2- state banks are there?


Good catch. #717.1 and #717.2 (arguably) make an end to the Central Bank. #250 is an already existing issue about a financial crash, so beware of overlap.
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Australian rePublic
Postmaster of the Fleet
 
Posts: 20467
Founded: Mar 18, 2013
Inoffensive Centrist Democracy

Postby Australian rePublic » Thu Jun 04, 2020 4:11 pm

Option 2- how many state banks are there?
From Greek Ansestry Orthodox Christian
17 Published Issues and 1 WA Resolution
This account is fictious. Any In-Character posts made by this account do not reflect the actions of any real world government


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