If you were put in charge of the IMF, World Bank, the Federal Reserve and could set new rules for banking, what reforms would you make, what institutions would you abolish, what new institutions would you create, and what would be the new laws of world finance under your regime? Any why?
2007-05-02 11:13:10 · 4 answers · asked by jubil07 2 in Social Science ➔ Economics
I would give the GAAP more authorities to monitor accounting principals of corporations.
Additionally, I would urge cooporation on setting General Accounting Standards for all the Nations in the World. It seems that there's a lot of crooked stuff going on with the reporting of country's GNP's.
2007-05-04 13:15:12 · answer #1 · answered by Giggly Giraffe 7 · 0⤊ 0⤋
How about when a check is drawn on the same bank in the same district, makes funds available immediatley. For example, if you have an account at Wells Fargo, and your depositing a check drawn on another Wells Fargo in the same district. Make those funds available that same day. Doing so would lessen the amount of overdrafts customers make.
2007-05-02 21:26:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I would make the penalties for early withdrawal even more severe, like imprisonment. A deal is a deal.
2007-05-02 18:18:47 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Stop loaning to the US
2007-05-02 21:38:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋