Banking to End as We Know It?

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  1. #1
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    Banking to End as We Know It?

    NEW - Saule Omarova, who has said she wants to "end banking as we know it," will be tapped by the Biden admin to run the Office of the Comptroller of the Currency as soon as this week (Bloomberg)

    Omarova also wants to move consumer banking to the Federal Reserve from private institutions.
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    Gym Derelict


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    It's called FinTech.

    And yes, physical banks are going bye bye in just 5-10 years.

    We will be cashless society in that time.

    Embrace technology!

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    Gym Derelict


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    One thing I disagree with, feds will not take over banking system.

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    Quote Originally Posted by no it isnt View Post
    According to you guys we will be lucky to piss with our own dicks in 5 to 10 years.
    Depending on age, it *is* a concern...

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    Quote Originally Posted by Skip Foursome View Post
    One thing I disagree with, feds will not take over banking system.
    Do you say that because the "bankers" control the fed? I'm trying to read between the lines in your statement, but I'm pretty tired today.

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    Gym Derelict


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    No I'm stating that there will be same players in ten years from now including JP Morgan, Wells Fargo, Bank of America and so on.

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    First American bank of China! Just scan the chip in your arm to purchase or deposit. Gonna be lit

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