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Utopia Talk / Politics / California starts public banking
Habebe
Member
Wed Oct 06 18:28:21
They will fuck it up.

For fucks sake they went broke selling weed in CA!!!
murder
Member
Wed Oct 06 19:23:34

It looks like the USPS is going to dip their toe in it as well. Anything that runs those payday lenders out of business is fine by me.
Habebe
Member
Wed Oct 06 19:48:13
Murder, So usury laws?

I get the idea, it could be done well.But it won't they're going to go all equity and fuck it up.

For chists sake they need to bail out legal drugs.
jergul
large member
Wed Oct 06 20:20:25
Sort of clutching at straws there to argue that private companies needing a bailout proves public companies are bad.
Habebe
Member
Wed Oct 06 20:23:21
Jergul, Im not arguing that.North Dakota seems to do fine with state rune banking.

My argument is that California Beauracracy is bad.

Im not against state run banks, Im just saying CA government will fuck it up.
Habebe
Member
Wed Oct 06 20:26:24
As a matter of fact I would argue the the non government related drug business in CA is doing great.
jergul
large member
Wed Oct 06 20:34:25
Why then does it need a 100 million dollar bail out?
Habebe
Member
Wed Oct 06 20:38:04
Probably has a lot to do with the word equity.
Habebe
Member
Wed Oct 06 20:41:05
Mugabe tried equity farming in the bread basket of Africa.Famine shortly followed.
murder
Member
Thu Oct 07 12:29:52

Look at the positives. Those marijuana dealers will now have a place to do their banking. :o)

Forwyn
Member
Thu Oct 07 12:39:20
"Why then does it need a 100 million dollar bail out?"

Because it's cheaper to run a grow under the table and change venues when the bureaucrats catch on with their cheerful letters than to pay the exorbitant fees and taxes.
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