Isn't it a type of criminal forgery? http://www.bigeye.com/bankers.htm
2007-11-01 17:28:11 · 4 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
I also think it's unethical for the government to print more money than it can back up with the federal reserve. Have a weak dollar and a nice day somehow!
2007-11-02 02:20:24 · update #1
No, not ethical!
2007-11-02 03:42:45 · answer #1 · answered by sandra b 5 · 0⤊ 0⤋
It's not a bit unethical. It's how the banking system works. Don't you think it's unethical for the government to print money they don't have? I don't think you understand the concept of money. Try looking up some real economic articles rather than this random stuff from interest groups' websites.
2007-11-01 18:54:12 · answer #2 · answered by Anonymous · 0⤊ 1⤋
I read your link and there's a kernel of truth to it. Yes, it is un-ethical for banks to lend money they don't have (if you do it, it's a "pyramid scheme"), but, they can do it legally.
Banks fail all the time and you and I end up paying for it.
2007-11-01 17:36:15 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Bankers get the money covered, if only on paper. they have a guarantor that agrees to cover them.
2007-11-01 17:43:30 · answer #4 · answered by sensible_man 7 · 0⤊ 0⤋