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Why is this frustrating? The banks make a profit this way, just like you described. They are not public services. Banks that operate with alleged "systemic raci
by lazyjones 6y ago
Why is this frustrating? The banks make a profit this way, just like you described. They are not public services. Banks that operate with alleged "systemic racism" are bound to lose out on profits to banks that don't, therefore the case for it isn't very strong in this situation.
- papaf 6y agoThey are not public services. And yet the public does bail them out which suggests a symbiotic relationship with the economy and that banks have some responsibility to the greater whole.
- lazyjones 6y ago> yet the public does bail them out Involuntarily, due to corruption of public officials. Don't read too much into it. There have been some attempts to run banks in an "altruistic" manner. I don't know of a successful one, just failures.
- hannasanarion 6y agoCorruption has nothing to do with it. Giving extra aid to the people on top while ignoring the people who are struggling is ideology, not corruption.
- Apocryphon 6y agoThey are all around you. They are called credit unions and community banks.
- dlkf 6y ago> Involuntarily, due to corruption of public officials. Don't read too much into it. Haha! "Please disregard any obvious counterexamples to my broken ideology."
- lazyjones 6y agoThe "counterexample" is an interpretation of events based on wishful thinking, I was stating known facts. How is governments saving banks proof of their higher purpose or morals? Saving them saved a few rich clients and shareholders while distorting the market by rewarding badly managed banks.