3 ms·
It's the money of other citizens. People don't realize it but money doesn't always gets invested from wealthy individuals. It could very well be from pension fu
by negamax 13y ago
It's the money of other citizens. People don't realize it but money doesn't always gets invested from wealthy individuals. It could very well be from pension funds, mutual funds etc. So it's not that banks are getting hurt but other normal citizens. Also, stop painting banks as evil.
- nl 13y agoIt's the money of other citizens. People don't realize it but money doesn't always gets invested from wealthy individuals. It could very well be from pension funds, mutual funds etc. Pension & mutual funds are big enough to force banks to act differently, and haven't. They should bear the risks associated with that behaviour. stop painting banks as evil Why? Their behaviour in the lead up to the 2008 financial crisis was unethical (to say the least), and their behaviour after 2008 has shown a complete lack of regret.