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If the GP had made a more nuanced argument that sort parts of the financial sector are not really providing a valuable service, likely nobody would've disagreed
by breischl 13y ago
If the GP had made a more nuanced argument that sort parts of the financial sector are not really providing a valuable service, likely nobody would've disagreed. But what he actually said was:
> If you are making money, but not a product then you are stealing from someone.
Which is just plain wrong for at least two reasons already mentioned. Since then you've just been nitpicking at people pointing out the wrongness.
- dkuntz2 13y agoExcept that carbocation didn't point out anything. Carbocation tried to expand the scope of the original statement, which itself is wrong.
- tptacek 13y agoNo, the GP made an indefensible generalization as an attempt to sidestep a technical argument on the value of liquidity and financing, and when they got called on it you pretended to a specific argument they never made.