In all western countries including the US, Canada and all of europe it is impossible to get a lisence to hold money in big amounts. In the US Wal-Mart have been trying for five years. Also as soon as companies get bigger then a few hundreds millions dollars they are forced to go public or loose standard privaliges.
Who is in controll of this invisible govermentmant?
2006-09-05 05:29:42 · 2 answers · asked by Piffle 4 in Politics & Government ➔ Politics
I was unaware of this limitation. Probably because I don't have a hundred million dollars laying under my mattress. Most banks only insure you for $100,000 as an individual anyway, but there are better ways to collect interest on high returns for your money so it wouldn't be worth it to put in into a bank account that is ony yielding 1 to 1.5 percent.
2006-09-05 05:35:32 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Where ya been the last 200 years?
1/2 of 1% of the population owns 99% of the wealth. What do you think?
2006-09-09 01:39:04 · answer #2 · answered by answerer 2 · 0⤊ 0⤋