nah comeon, banks should be there to give ppl credit and perhaps a fair mortgage.
What do you think they have done all this time?
Banks, first and foremost, are private businesses. They are there to make a profit, not to serve as a helpful source of financial help. They allow people to store their money away while getting a return on their investment. They allow you to take part in secure transactions that allow for you to pay your bills, send money to other individuals and entities etc.
The problem emerges when "fat and lazy Americans", as you put it, expect the banks to somehow bend over backwards in order to cater for them. The banks are not institutions that were created to "help" the people. Their purpose is to make money.
What banks do indeed do for the the hardworking American people is provide lines of credit for small-large business owners, provide loans to folks that are looking to start their own business or buy their own homes. They also help to secure your money.
everything beyond is speculation.
here, we have negative interest opn some currencys if you keep your money at bank, whats the purpose anymore.
I can't comment on your country's present financial situation.
banks don't create wealth, they steal it somewhere else.they handle money, and take fees and whatver they can get away with..
Their purpose is not to create wealth, but to instead make a profit. Remember, banks are for-profit private institutions.
i dont have any problem with fractional reserve banking(like many morons do), thats all fine, but banks dont produce anything, they take from someone else.
They are not supposed to produce anything, they instead look to make a profit. Private bankers or traders (like myself) trade stocks in the market in order to help small-to-large companies grow. We sell pieces of those companies, which in turn allows for the funding needed to build those companies. As the companies grow, they then need to hire people to accommodate for that growth. The people they hire throughout their growth are Americans.
and i know, its the govt who go over budget and take loans from banks, the banks cant beblamed for that.
So lets not blame the banks as they are simply mediators of money, not producers of it.
as for the big companies, theres plus and minus points about them.i dont like monopolies, but ppl like to buy where its cheapest.
We have the SEC in place to counteract monopolies and it has proven to be pretty effective. People will always want to buy the cheapest product that provides the most benefit, it's the root of capitalism.
theres no easy solution for this.
bw, the banks have provenly advised investors to invest in something theyd later on speculate against.
It's called taking risks. Sometimes you take a risk and it pays off big time, other times it can fail miserably. You have high-risk and low-risk mutual funds that function in a similar fashion.
this is not nice at all.
Most economic systems aren't nice (capitalism, socialism, communism etc..), but that's what the world subscribes to. In my ideal world, money wouldn't exist and instead we would all work towards the betterment of humanity and the eradication of disease, while promoting the longevity of life, but that's simply one gay man's dream.
here, when somebody has more than 50k on his account, he will get a call from a small investment banker who will promise him nice profits and all.
Here, 50K is laughable and barely even serves as collateral for a home.
There's no easy fix galeniko, no easy way out..