In the 12th century banks were created to support business. In modern times they have failed the business community by buying and selling businesses for short term profit without consideration of the affect on society - PARASITES.
2006-12-01 00:20:36 · 13 answers · asked by ian d 3 in Politics & Government ➔ Politics
Banks are a neccessary evil.
My Grandmother told me never trust a lawyer, or a banker. And she was right.
2006-12-01 01:07:28 · answer #1 · answered by Villain 6 · 1⤊ 0⤋
Banks... in their general form are a necessary part of the current civilized culture. I think you may have confused banks and their role in our society with the actions of those who run them.
Banks provide the necessary services of storing, transeferring, investing and lending of money.
Your statement about the them buying and selling businesses is not about the function of a 'bank' as it is about the actions of the individuals who run a particular bank.
Don't blame the banking system as a whole for the actions of a few. Another thing to consider is the when an investment group 'purchases' a business, that business was sold to them by the owner of that business. The owner knew full well when they sold the business that their were selling to an 'investment group' who viewed the business as just that, an investment, not as an entity of people and families.
Therefore, if your looking to place blame for the types of actions you speak of, place it where it belongs, on the Business Owners and the PEOPLE who make the decisions for the bank.
Hope this answers the question
2006-12-01 00:27:46 · answer #2 · answered by wrkey 5 · 0⤊ 0⤋
I hate banks! I worked for one for over 4 years and all they are concerned about are sales, targets, cross selling and making as much money as possible. The values of the high street bank and even the bulding societies have changed. They are no longer a support system but more like an indutsry that creates a stigma about the benfits of financial services! rubbish! xxx
2006-12-01 00:24:52 · answer #3 · answered by SARA H 4 · 2⤊ 0⤋
nowadays, probably the latter. apart from savings accounts, having a bank account unfortunately is the one and only choice we have. but some of the charges that banks make is at times ludicrous. i understand that the staff needs to have their wages paid- yet for them to be paid by charging customers to withdraw their own cash is a utter rip-off. ideally, we would be better if all of us had our own trust fund- something similar to a bank account perhaps. probably there will be less hassle and bother because of it. these days, most banks couldn't give a monkey's about their customers. in an ideal world, it would be possible for banks to be non-existent because the majority of people are totally dissatisfied with them, anyway
2006-12-01 01:01:11 · answer #4 · answered by Anonymous · 0⤊ 0⤋
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2016-12-13 17:55:56 · answer #5 · answered by ? 3 · 0⤊ 0⤋
I used to think in my naivety that banks performed a useful service.
I have come to realise that their one and only concern is to make money hand over fist and the more the merrier.
2006-12-01 00:27:18 · answer #6 · answered by Raymo 6 · 0⤊ 0⤋
A bank is a shop that sells you money. Trouble is, they have a much higher opinion of themselves than can be justified by their actual function. Load of bankers!
2006-12-01 00:28:41 · answer #7 · answered by Avondrow 7 · 1⤊ 0⤋
Parasites. They take your money, fill their pockets,charge you every time you are over the limit they agreed.Just Parasites.
2006-12-01 04:22:49 · answer #8 · answered by Anonymous · 1⤊ 0⤋
Banks have to make money otherwise what would be their purpose? I hate them personally because they charge for everything.
2006-12-01 00:22:35 · answer #9 · answered by Scatty 6 · 1⤊ 0⤋
You mean there are other considerations other than robbing them.
Hmmmmm, had not considered that...
2006-12-01 04:31:49 · answer #10 · answered by manforallseasons 4 · 0⤊ 0⤋