Sunday, January 22, 2012

On the Proper Place Of Banking

Hullabaloo:

"If the chief executive turned down his bonus it would “demoralise” staff members and would send a signal that they now effectively “worked for an arm of the civil service or a utility, rather than for a bank”.

'via Blog this'

I think we would be much better off as a society if banking acted much more like a utility.

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