At 6:44 PM -0800 on 3/6/00, bram wrote:
> Why aren't the banks lobbying heavily to get rid of those laws so they can
> save money? Or do they appreciate the increased barriers to entry to their
> industry?
Yes, and yes. :-).
Remember what Milton Friedman said, regulations only benefit the regulated,
rarely the consumer.
The only way to really change the rules is to pull the rug out from under
them. Crypto helps. :-).
Cheers,
RAH
--
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R. A. Hettinga <mailto: [EMAIL PROTECTED]>
The Internet Bearer Underwriting Corporation <http://www.ibuc.com/>
44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'
