An Amazing Indictment of Obamanomics: Banks That Don’t Want Deposits

Cato Institute ^ | August 26, 2011 | Daniel Mitchell

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The whole point of disintermediation is that the money doesn't go through a bank.

I sell you my car on a private contract or for cash, no bank involvement whatsoever.

You give me cash for a start-up, I pay you back directly in cash or products, no bank involvement whatsoever.

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