The Position of the Post Office Savings Bank and How to Deal with Its Deficit of �11, 000, 000 (Classic Reprint) - Couverture souple

Alfred Marks

9781333221843: The Position of the Post Office Savings Bank and How to Deal with Its Deficit of �11, 000, 000 (Classic Reprint)

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ISBN 10 : 1333221843 ISBN 13 : 9781333221843

Editeur : Forgotten Books, 2018

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�diteur: Forgotten Books
Date d'�dition: 2018
Langue: anglais
ISBN 10: 1333221843
ISBN 13: 9781333221843
Reliure: Broch�
Nombre de pages: 76
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The Position of the Post Office Savings Bank and How to Deal With Its Deficit

Alfred Marks

Edit� par Forgotten Books, 2022

ISBN 10 : 1333221843 ISBN 13 : 9781333221843

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Vendeur : Forgotten Books, London, Royaume-Uni

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Paperback. Etat : New. Print on Demand. In this book, the author dissects the problematic history of the Post Office Savings Bank (POSB), highlighting its origins as a charitable institution that was soon leveraged to prop up national finances. As a result, the POSB deviated from its founding principles and attracted middle-class depositors seeking higher interest rates. The author meticulously details the POSB's perilous financial predicament, revealing a massive deficit of millions and a lack of a cash reserve. The book argues for substantial reforms to secure the bank's stability, including reducing interest rates, limiting deposits, and creating a gold reserve. It also emphasizes the need to safeguard the savings banks from the Treasury's undue influence and restore them to their original mission of serving low-income depositors. Ultimately, this book offers a compelling analysis of the POSB's failures, providing valuable insights into the dangers of fiscal mismanagement and the importance of adhering to sound banking principles to protect the interests of depositors and promote financial stability. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N� de r�f. du vendeur 9781333221843_0

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