Comments on: Getting the unbanked on bikes http://blogs.reuters.com/felix-salmon/2011/12/27/getting-the-unbanked-on-bikes/ A slice of lime in the soda Thu, 23 May 2013 07:30:35 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: y2kurtus http://blogs.reuters.com/felix-salmon/2011/12/27/getting-the-unbanked-on-bikes/comment-page-1/#comment-34506 y2kurtus Wed, 28 Dec 2011 01:45:01 +0000 http://blogs.reuters.com/felix-salmon/?p=11653#comment-34506 Bikeing and banking are two things which should both be expanded due to their obvious social merit. Biking reduces congestion and pollution, and boosts health. Banking increases access to capital and is a much better system of facalitating commerce than cash, coins, pawn shops, payday lenders, or loan sharks. The issue I have with the unbanked or underbanked is that without direct goverment intervention there is no business model underwhich they can be profitably served by a bank. All current evidence asside, banking is an inherantly profitable business. My community savings bank would not be much worse off if we were forced to open free debit card accounts or e-statement savings accounts for anyone who applied. Like all banks we depend on the implicit subsidy of FDIC insurance. Opening a few thousand unprofitable accounts seems like a fair tradeoff for that ongoing privelage. Bikeing and banking are two things which should both be expanded due to their obvious social merit.

Biking reduces congestion and pollution, and boosts health.

Banking increases access to capital and is a much better system of facalitating commerce than cash, coins, pawn shops, payday lenders, or loan sharks.

The issue I have with the unbanked or underbanked is that without direct goverment intervention there is no business model underwhich they can be profitably served by a bank.

All current evidence asside, banking is an inherantly profitable business. My community savings bank would not be much worse off if we were forced to open free debit card accounts or e-statement savings accounts for anyone who applied. Like all banks we depend on the implicit subsidy of FDIC insurance. Opening a few thousand unprofitable accounts seems like a fair tradeoff for that ongoing privelage.

]]> By: Dollared http://blogs.reuters.com/felix-salmon/2011/12/27/getting-the-unbanked-on-bikes/comment-page-1/#comment-34503 Dollared Wed, 28 Dec 2011 01:12:17 +0000 http://blogs.reuters.com/felix-salmon/?p=11653#comment-34503 Felix, such a twofer! The unbanked on bikes! How about they also do double blind wine tastings while on their bikes! Felix, such a twofer! The unbanked on bikes! How about they also do double blind wine tastings while on their bikes!

]]> By: FifthDecade http://blogs.reuters.com/felix-salmon/2011/12/27/getting-the-unbanked-on-bikes/comment-page-1/#comment-34498 FifthDecade Tue, 27 Dec 2011 18:26:14 +0000 http://blogs.reuters.com/felix-salmon/?p=11653#comment-34498 By the way, Happy Christmas Felix! Have a great New Year. By the way, Happy Christmas Felix! Have a great New Year.

]]> By: Harpstein1 http://blogs.reuters.com/felix-salmon/2011/12/27/getting-the-unbanked-on-bikes/comment-page-1/#comment-34497 Harpstein1 Tue, 27 Dec 2011 17:11:11 +0000 http://blogs.reuters.com/felix-salmon/?p=11653#comment-34497 Wait, why would they file a police report after essentially charging you for the bike? If you were just billed $1,000 (almost certainly more than it the bike is worth) for the bike, how can it be considered stolen... Wait, why would they file a police report after essentially charging you for the bike?

If you were just billed $1,000 (almost certainly more than it the bike is worth) for the bike, how can it be considered stolen…

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