Friday, May 27, 2011

Banking not fixed yet

http://www.economist.com/node/18681970

Do you think that we will ever get to a point when banks are truly 'safe'?
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5 comments:

  1. Chris DendrinosMay 27, 2011 at 7:39 AM

    To me any new regulatory change is going to be hard fought by banking officials. Furthermore, they will be looking for any loop hole possible. As for safe, Banking is the process of taking educated, reasoned risks and reaping the benefits when they pays off. Regulation will certaining help to prevent these overly risky trades, but I dont think banks will ever be safe. There is too much profit potential in being unsafe.

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  2. Dane CareyMay 27, 2011 at 11:24 AM

    Okay, Richard posted this at 6:35am, and HC posted hers at 3:58am...was there a party last night or what?!?

    check out this video, for your next late night endeavors:

    http://www.youtube.com/watch?v=CuCxLjZQJqs&feature=related

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  3. BethMay 27, 2011 at 5:47 PM

    Well said, Chris. A little scary, but a great point.

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  4. Andrew ManorMay 27, 2011 at 9:18 PM

    I agree with Chris on this...banks will never fully be "safe." It never has been and never will be, but they are essential for any economy. I think that they are safer now than ten years ago because of how much scrutiny the banking world is under after the crisis broke out.

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  5. MattMay 29, 2011 at 2:29 PM

    I also agree with Chris, there is way too much profit potential for banks to be unsafe. Banks will never be completely safe becuase of the money incentives associated with educated risk... and guess what, the risk will always be there. However, if all banks take on as much risk as possible competition would quickly eliminate many of these banks, and if competition doesn't regulation will.

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