So they so do not lose money like that in miscounts I guarantee. It would be a massive amount. I don’t know what will happen for sure but without congressional action im sure the banks will petition the fed for more pennies and if the executive still insists there is no demand it will just be another ingnore the law kind of thing.
Fair. We’ll have to see how it plays out. My gut is that the demand probably won’t be there, but we’ll just have to see.
But to be clear, we’re talking about a brick and mortar bank losing between $10-40 a day. Compared to the overall quantity of money moving through it, that feels like it should be negligible. That’s, like, one to two tellers leaving an hour early.
But yeah, the way this should be done is through an act of Congress. Agreed on that. This should really be an easy piece of bipartisan legislation, and the fact that Congress is so broken as to be unable to pass it is a huge indictment in its own right.
well each branch losing some small amount per day every day year over year. things like this are very significant for businesses. walmart drove businesses into over seas manufacturing to save a few cents on multi dollar items.
So they so do not lose money like that in miscounts I guarantee. It would be a massive amount. I don’t know what will happen for sure but without congressional action im sure the banks will petition the fed for more pennies and if the executive still insists there is no demand it will just be another ingnore the law kind of thing.
Fair. We’ll have to see how it plays out. My gut is that the demand probably won’t be there, but we’ll just have to see.
But to be clear, we’re talking about a brick and mortar bank losing between $10-40 a day. Compared to the overall quantity of money moving through it, that feels like it should be negligible. That’s, like, one to two tellers leaving an hour early.
But yeah, the way this should be done is through an act of Congress. Agreed on that. This should really be an easy piece of bipartisan legislation, and the fact that Congress is so broken as to be unable to pass it is a huge indictment in its own right.
well each branch losing some small amount per day every day year over year. things like this are very significant for businesses. walmart drove businesses into over seas manufacturing to save a few cents on multi dollar items.