Problem :: Nationalize the banks.

Nationalize the banks.

2,873 Views / Posted by Patrick McCarthy

Breaking up the big banks into a greater number of smaller, local banks would inevitably lead to the most successful of these banks purchasing and consolidating their weaker competitors again into fewer, larger entities. I propose consolidating the current big banks into a single entity and nationalizing it, creating a nonprofit, credit union type National Bank of the United States, in which every citizen would be a "shareholder," without any priority shares, and receive a dividend at the end of each fiscal year.

Supporters: Patrick McCarthy, Reddit User Person

Opponents: Patrick Warner, Matteo Kausch