atans1

These kind of start-ups will never be allowed to take-off here

In Uncategorized on 07/01/2013 at 6:41 am

The central bank will not allow these “financing” and trading biz.

http://dealbook.nytimes.com/2012/10/22/in-london-nimble-start-ups-offer-alternatives-to-stodgy-banks/?nl=business&emc=edit_dlbkpm_20121026

While I can understand why, their absence means that the banks will continue dominating SME financing, and we get pathetic returns on bank deposits.

http://www.economist.com/blogs/schumpeter/2013/01/lending-club

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  1. The Economist has been the Bible of PAP elites since the days of MM Lee,let’s hope that present elites get some badly needed inspiration to do their jobs properly.

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