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I was daydreaming earlier on how these mega-big banks can get away with everything (HSBC, Barclays, DB, MS, BAML, etc. etc.) and how nice would it be if all the
by HenryBemis 6y ago
I was daydreaming earlier on how these mega-big banks can get away with everything (HSBC, Barclays, DB, MS, BAML, etc. etc.) and how nice would it be if all these super complex scheming products that are leverage upon leverage upon leverage would disappear tomorrow..
These mega-big banks and their practices, ranging from LIBOR manipulation, scamming retail banking practices, scamming their own IB/FX customers..). And they get away with it.
As much as I dislike religion (I love the notion of Faith, but I dislike the self-identified 'representatives of gods'), I believe that the most ethical type of Banking is the Islamic Banking (again, not about the religion)(gods that give cancer to little kids to "test their faith" are not my type of gods).
- rowawey 6y agoI didn't downvote but I talked to my mechanic, a Sunni Muslim from Iraq via Dubai, about this very topic last year. He said they all charge fees unless you're from an important family and know a money lender. It's kind of a scam because they're more or less just like every other bank.