[bebopcrew420]

(2010.Apr.04 10:58 AM)konyen Wrote:  Idea. new concept to al

Currently AL Bank had a monopoly. You can only deposit money in there and have a set interest rate. What if we have a bank or 2 to own by players.

Features

That bank can have its own competitive interest rate.
Loans (rules and risk applies)
Youth program to help new players
Hold money for Fantasy football/pool/contests


Loans*
The bank will loan out money with interest.
Contract(email) will be sent to zen for record and acknowledgement
If loan is not paid back, the back has the right to go into collections (hospitalize) with added interest. After 3 months, and still no repayment the bank will calim insurance as a bad lose. Zen will be the insurance company and will freeze account and repay 80-90% of the original loan amount (10-20% is the risk the bank will lose for making interest)

What do you guys think?

No, having your company insured to give out loans, but not the average person creates an unfair advantage. Maybe if there were other types of businesses, but I vote against this idea. Bank idea is good, zen bailing you when you get burned is not. Your just adding another thing for her to worry about just to benefit yourself