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They are being regulated because it is likely they will try to get more money from customers, which will put the economy out of shape
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∙ 14y ago
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What are the reasons why banks are regulated?
Banks are regulated because banking requires a certain amount of trust in the institution in which citizens place their savings. It's seen as a right of the public to have reassurance that their money is being handled responsibly and will be available to withdraw as needed.
Why did the first and second banks of the US fail?
1. How were banks regulated between 1836 and the civil war?
What are the reasons for privatization of banks?
Banks have always been private. The government only wants control of them as of late. Banks did receive public insurance because of the run during the depression, but they have always been private, never a need to privatize.
How many US banks have been robbed?
46 banks have been robbed in USA.
What does regulated company mean?
Regulated companies were associations of merchants banded together for a common venture requires the company to have a licences and there are regulatory bodies that govern such company (government bodies that look after that industry) for public safety reasons. Jobs that require a licence are called regulated occupations. Regulated occupations include nurses, doctors, engineers, teachers, accountants and electricians. You need special education and experience before you can get your licence to work in most regulated occupations.
What are the reasons why banks are regulated?
Banks are regulated because banking requires a certain amount of trust in the institution in which citizens place their savings. It's seen as a right of the public to have reassurance that their money is being handled responsibly and will be available to withdraw as needed.
How do banks function in the US?
Banks are regulated by a general set of regulations outlined in the United States law. Banks, for example, are regulated on the amount of APR they can set for loans. This keeps banks "in-cheque"(pun intended) and disallows them from taking advantage of people.
Why did the first and banks of the US fail?
1. How were banks regulated between 1836 and the civil war?
Why did the First and Second Banks the US fail?
1. How were banks regulated between 1836 and the civil war?
Why did the first and second banks of the US fail?
1. How were banks regulated between 1836 and the civil war?
What are the reasons for privatization of banks?
Banks have always been private. The government only wants control of them as of late. Banks did receive public insurance because of the run during the depression, but they have always been private, never a need to privatize.
What does over regulated mean?
its been regulated too often
Why is it banking is not like any other business enterprise?
Generally, banks are regulated by Federal laws. They often are federally chartered. Some banks are State chartered and State regulated. Therefore, that makes them vastly different that, say, a car dealership, or a pet store.
What were the reasons for the great depresion?
the banks went bankrupt
Shouldn't the banks be more strictly regulated -- the taxpayers are having to bail the banks out for making bad investments that put deposits at risk?
Traditionally there is no real problem when the wealthy take risks with the assets of those with litle power. If the banks were regulated they would have to be regulated by laws created by the very people that take the risks with their deposits. and that would be socialism. ANSWER That won't happen - the banks are controlled by the same people that control the lawmakers and the economy. The U.S. economy has been controlled by the Federal Reserve since 1914. This is an illegal system that siphons power away from the voters and "We the People" that started this country. Things won't get better until there is another revolution in the U.S. Investigate the revolutionary ideas of U.S. Congressman Ron Paul and you will start to get the picture.
How many US banks have been robbed?
46 banks have been robbed in USA.
How are state commercial banks regulated?
Despite the increasingly relaxed regulatory climate, U.S. state commercial banks are subject to a range of regulations at the state and federal level. In addition to the federal regulatory bodies that oversee national banks, each state.
