morality type question

Siogfinsceal wrote:

in response to hullaballoos rant there - theres always one with a big conscience!!!
i wouldnt care how high the banks rates went after cuz id be rich ;-) hehheh
sides banks are a joke - basically they ask us to kindly give them our hard earned and promised to mind it for us. In retunr they get to use our money in the meantime to make themselves more money. Fair enough so you would think that they would be rewarding us fo rthe privilage of using our money but instead they feckin charge us for as much as looking at how much we have the thieves. it defies all logic to me

Yeah, good man. Why do people use them then? The reason is that we couldn't possibly manage to create the same sort of revenue ourselves from the money if it isn't pooled so that some other body (the banks) can invest it. We need them to do this to support our economy. Now, all of the liberals here are going to up and shout anti-capitalist stuff at me, but in reality, the banks are fundamentally communist in nature. All of the peoples money is pooled into a fund which makes us all proportionately richer.

Ironically, I'm listening to Pink Floyd's 'Money' as I type this.

toffeapple wrote:

Hmmm...they dont share profits with us do they? I think this was high lighted by record profits in the banks this year...

You have to look at the bigger picture: when banks prosper, they share the wealth by offering higher interest rates on savings and lower repayments on mortgages.

Also, those profits they recorded (and others like them) mean that the post-boom recession in the Irish economy had a soft landing, and meant that none of us have to eat our hats, as it were.