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there are different banks and they are run by different people and no they do not run the world

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Q: What family runs the banks and do they run the world?
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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.


Whats wrong with this sentence Banks are for keeping money and investing money safely and in addition to that banks also loan money to individuals and businesses?

It's a pretty bad run-on. It should be: Banks are for keeping and investing money safely, and loaning money to individuals and businesses.


When banks run out of money to loan to people where do they get more money?

Either from other banks or their own particular government. In the worst case they can borrow from other banks outside the governance of their local control. It's a great merry-go-round of displaced irresponsibility. We all loose. ~JCF


In order to be sure banks were well run and to give the people confidence in the banking system Roosevelt declared a .?

bank holiday


What is the position of sbi in world banks?

sbi is a government bank, initiated in the sub - continent by the British East India Company as Imperial Bank of India Rechristened as State Bank of India by the indian Republic in the year 1955. Nationalisation of Banks refer to the private Banks being taken over by the Government of India. The Nationalisation of the Banks was partly responsible for the breaking of the Indian National Congress Party.Mr. Morarji Desai resigned from Mrs. Gandhi Govt due to the Nationalisation of Banks, However Mr. Desai did endorse the policy of Mrs. Gandhi after coming to power in this respect. Thereby the well run entreprenuership of Banking Industry remained in shambles.

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What was the reason for the Franklin Delano Roosevelt and congress started the emergency banking act in 1933?

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People feared they would lose their money, so they took it out of banks they believed were about to fail.