Banks

[Furik Lamatt]

ok here is the news. Yliakum Banking Network, and the Bank of Hyldaa have combined. We will now be just one bank.

[Parallo]

What happened to them having ridiculous rates and such? Did they buy you out?

[Furik Lamatt]

No no one bought anyone out, it was a formal meeting that led to this decision, besides with 300k not much would buy me. The compromise is that rates will changes, etc, I am vice president meaning that we both decide how this bank works.

[LARAGORN]

so much for healthy copetition 

[Donari Tyndale]

It is healthy, since we are  now two to decide about the banks and to analyze faults.

[Parallo]

Did you consult shareholders before this merger?

[Donari Tyndale]

We did not, but it will not be a change for investors, for them everything will remain the same.

[bilbous]

Maybe I'll start up a bank too, if you want to merge with me I'll need to be chairman of the board...

Hokay now? S'allrite.

[Phinehas]

Just what I was thinking, Bilbous. I'm starting a bank, too. Is it to late to get board membership?

[bilbous]

I'll stack the board and we'll pull a Bush on this thing...Is there a deposit insurance company to pay our debts for us once we've skimmed the assets off?

Oh wait, was that a Clinton? Somehow I think they both were involved in the S&L debacle down south.

Close but no cigar?

[Parallo]

But surely since the shareholders are gambleing their money on you they should be at the very least asked for their opinion, no? Its partialy under new leadership!

[Donari Tyndale]

We merged because Furik understands something of banking. It might not have been correct, but since we are trying to get established, concurrence will be deadly.

[LARAGORN]

I'm with you bilbous and Phinehas, the 'PS savings and loan'
I've got 1389.5 tria, when can we get started ?

[Datruth]

I think banks will only work from guild to guild.

Loaning out big amounts as well as trusting the person to give it back doesn't seem like a good idea at this place in time, and would be best done withing guilds.

You cannot force people to pay the money bank, and you also cannot know how much each person can afford to pay back, some people can pay back 100k at a time, others 3k, and me about 30k maybe 50k per week.

Again, it all depends on who your customers are, and i feel that banks will have alot of trouble getting off the ground and not getting ripped off.

The only people i think who can truly start a bank are Tipore and Gharin, and a few others, they can afford to lose the money lol

~~Datruth

[Parallo]

Have you ever left your own home? There are banks everywhere and they don't have a 'guild of customers!' I'm sure that there are more than two people capable of starting a bank.