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Money and Finances
Reply to "Investment banking revenue keep soaring"
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[quote=Anonymous][quote=Anonymous]Two things: (1) A large part of q3 profits were driven by consumer spending, which we want (insert all the necessary qualifications here) (2) It's misleading to say that "banks made money". Banks don't make money, shareholders make money. Owners make money. Stakeholders are typically beneficiaries. It's certainly awful that people are out of work. But that's always the case to some degree. And so in this situation I'd ask: what's the alternative you're suggesting? Or are you just griping because you read some economic headline?[/quote] I think OP means that bankers make too much money for what they do, considering they mostly cater to themselves, rich clients, and don't particularly care about poor clients. It's the standard inequalities gripe. Which I can understand. Economic inequality is pretty dire in modern societies that built democracies purposefully to try and bring prosperity and decision-making to all. [/quote]
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