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> 2) If banks acting in this manner is the standard... why? Why isn't a firm carving out the "niche" of not being assholes? How much are you, personally, willi
by Kalium 11y ago
> 2) If banks acting in this manner is the standard... why? Why isn't a firm carving out the "niche" of not being assholes?
How much are you, personally, willing to pay this year for the services of a "not assholes" bank? I'm not sure I'd be willing to pay very much, myself. I'm not in a position to be putting a large number of digits of funds under management. I wonder if those who are may be more interested in returns than in the non-financial value of not being an asshole.
- ArtDev 11y agoIt may take a while but it will happen. There are many people like me who have shifted all their banking to credit unions, including home loans. When the time comes for me to inherit financial products, the first thing I will do is shift investments away from sketchy companies like Gold Man Sacks.
- cm2187 11y agoIn fact if you shop at Walmart, you specifically go for the "asshole" supermarket who will squeeze every penny from their employees and their supplier, and will sell you the cheapest knock off that still passes FCC/FDA regulations. Doesn't seem to turn off that many people. That being said reputation is important in banking and I like to think that investors are a bit more skeptical than before the crisis. Not that it is very difficult.