Re: econ #1
Lance McLain <lance-X3DuywwxauBWk0Htik3J/[email protected]>
| Newsgroups | gmane.music.dadl.ot |
|---|---|
| Message-ID | <[email protected]> |
On Dec 15, 2010, at 1:39 PM, nicholas a. evans wrote: > On Wed, Dec 15, 2010 at 12:08 PM, Bruce Geerdes <[email protected]> > wrote: >> everyone in the circle *does* provide services or goods. I noticed >> there were no bankers or fund managers in there. ;) > > Well, banks and funds *do* provide valuable services to their > depositors and investors (as well as their borrowers and shareholders > and the companies in their portfolio), at least in theory. Valuable services such as? Right now I'm having trouble seeing what service they provide. > Whether providing value is their focus or in proportion to their > compensation is another matter entirely. As is whether they use their > positions of power to cheat and swindle those they are supposedly > servicing. Banks used to be called "Trusts" for a reason. regards, -Lance -- dadl-ot mailing list http://mail.thehood.us/mailman/listinfo/dadl-ot_thehood.us http://news.gmane.org/gmane.music.dadl.ot