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I didn't say that you should trust banks. I'm saying it's not good for society if people don't. You're painting the lack of trust as a win. It's not. It's a net
by vinceguidry 8y ago
I didn't say that you should trust banks. I'm saying it's not good for society if people don't. You're painting the lack of trust as a win. It's not. It's a net loss for society.
- jstanley 8y agoI don't see how that is internally-consistent. If (?) you agree that it's a bad idea to trust banks, why do you think it's a good idea for everyone to trust banks? If banks are not trustworthy, everyone who distrusts banks is making the right call. More people making the right call is a net win for society. After all, all society is is a bunch of people.
- vinceguidry 8y agoI don't know how this isn't being communicated. It's not a bad idea for you if you don't trust your bank. It's bad for society if you don't trust your bank. I don't think you have an obligation to fix banks or trust banks that shouldn't be trusted. Banks should act in a way that engenders trust from their customers. Banks are not ordinary businesses, this is why they're regulated so heavily. Society needs more bank regulation so that people can trust them more. That is what I am arguing that is good for society.
- jstanley 8y agoGot it, thanks.