On Tue, 10 Dec 1996, Huge Cajones Remailer wrote:
On Tue, 10 Dec 1996, Huge Cajones Remailer wrote:
I believe that ten, or a hundred, or a thousand people should be able to pool their money and lend it to whomever they please for whatever reason they like.
That, essentially, is what a bank is. I do not believe the government should dictate which people you, or your bank, are allowed to lend to.
Create a bank where the identity of the customers are unknown and you solve the redlining problem.
I can imagine a bank whose depositors are not known. I can also imagine a bank which itself operates anonymously.
How would people borrow money against real estate and remain anonymous? It seems to me that the borrower cannot do so if the real estate will act as collateral.
What is to stop deeds from being issued in digital bearer certificates?
Also, how would an anonymous bank foreclose on a mortgage?
A revocation of the certificate, of course. Really, you must get a bit more creative. -- Forward complaints to : European Association of Envelope Manufactures Finger for Public Key Gutenbergstrasse 21;Postfach;CH-3001;Bern Vote Monarchist Switzerland