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You’d figure bank stocks would be performing better, considering they’re capturing so much purported profits.
by 3fe9a03ccd14ca5 6y ago
You’d figure bank stocks would be performing better, considering they’re capturing so much purported profits.
- ScottFree 6y agofair enough. Updated to specify the entire financial sector, not just banks.
- logfromblammo 6y agoCapturing other companies' profits is just step 1 in the plan to put as much of that money in your own pockets as possible. If you're willing to "steal" from other companies, why wouldn't you also "steal" from the owners of your own company? Why pay a dividend when you can pay bonuses?
- parenthesis 6y agoIn many listed financial companies it is certain employees and management who do well financially, rather than the shareholders.
- sweeneyrod 6y agoAs Matt Levine puts it, investment banks are kind of like socialist collectives run for the benefits of their workers.