Therefore, micro-lending is an idea that is good we’re able to learn how to get it done.

Therefore, micro-lending is an idea that is good we’re able to learn how to get it done.

And maybe that is something who has become either subsidized or it offers to be a not-for-profit kind endeavor.

Ted Michalos: Yep. And so they chatted about this, municipal bonds in which the cash is placed into a pool. My nervous about all those forms of programs are, is you end up eating up more and more of the money because from administrative costs that they tend to get out of hand and. And that’s not a dig at our system that is social’s just the fact. The longer you have got system set up, the greater high priced it becomes to manage.

Doug Hoyes: Yeah, the thing you have to state in regards to the banks is they understand how to generate income.

Ted Michalos: they could turn a nickel in to a dime.

Doug Hoyes: That’s right, or 25 % more often than not. Your average big bank that is canadian now has revenue of approximately a billion bucks or maybe more every quarter. […]