Why are Banks so evil?

>>1570420
Because Bernie and Chief Warren say so!

>>1570428
What? They regularly commit fucked up shit.

The latest being the Wells Fargo scandal where a federal investigation alledges approximately 2 million accounts opened falsely.

And the CEO selling over $60million in stock options just before the fraud was reported on...

Oh and all the bank bailouts which mean they're not really operating in the free market as any other business would. How can you possibly defend that?

>>1570437
>bailout

"No Questions Asked LOAN"

>>1570445
What?

Can you write more than 4 word nonsensical posts?

>>1570446
People like to think the banks were given free money. They were given a loan, which has been paid back.

>>1570449
No other businesses gets those though

When you fuck up, your business is done. When it comes to banks it seems they can just invest people's money, charge fees, regularly commit fraud and then get bailed out in the end

because they are now ran by the government

>>1570451
When you fuck up and get a loan to turn your business around and then turn it around and pay the loan back with interest, I'd say that's a good thing and not a failure.

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>>1570451
>No other businesses gets those though
except the auto industry you mean, right?

>>1570456
>2 million accounts falsely opened by wells fargo employees

>Result: 5k lowlevel employees fired, CEO made a fuckton of money and wells fargo fined measly 185million

Why do people think this is fair again? I guess it's no wonder everyone hates banks

>>1570464
Those employees were going to fired regardless and it was easier to say that they fired them over this rather than cutting out the fat of the business.

>>1570459
But muh poor folks in Detroit!

>>1570464
>Why do people think this is fair again?
pretty sure they're in big trouble with the law for that. How is anyone saying that it is fair? How is your point relevant in any way?

>>1570468
Oh wow $185million fine!!! How steep! Big trouble with the law!

It's not like they made $86billion in revenue for 2015...

I can honestly see why credit card and other kinds of banking fraud is going up exponentially over the past few years. Banks are pieces of shit

>>1570467
According to employee testimonies they talk about the ridiculous sales pressure to create new accounts

>>1570484
That's called being in sales, fag.

>>1570492
Yeah no big deal when banks create accounts xD

Why are you such a cuck for banks?

>>1570484
banks also fail and lose ppl those jobs. and no one wants 2 hire u if u worked at a bank that failed. even if u were a good guy .its a 2 way street.

>>1570451
>No other businesses gets those though
Not only wrong, but pathetically misplaced. What about the industries that get outright subsidies: utilities, oil & gas, telecom, agriculture?

The Republicans continue to funnel your tax dollars into failing industries to prop up their biggest donors.

>>1570497
I'm such a cuck for them because no one understands how credit markets work or how capital flows through an economy. All they do is get emotion when they see grammy has to contact the FDIC to get her $24.78 back.

>>1570509
There's a reason credit unions and index funds are getting so much more popular over dealing with the corrupt finance and banking industry

>>1570513
You're absolutely right.

>>1570420

Because they're not productice. They live by making bets on loans and derivatives. Rent seeking is not necessarily "evil", but its clearly one of the uglier sides of Capitalism.

Also, solely responsible for 2008 and the long-lasting pain inflicted on people around the globe, leaving their governments with much higher public debt than before.

>>1570543
Wow, you should work for MSNBC.

>>1570552
Go suck out the retail bank's creampie from your wife's pussy

>>1570543
Only '08? You're being generous. Banks and specially central banks are literaly responsible for every recession since the great depression.

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>because they are now ran by the government

>>1570552
>>1570558
If you two fucks had a civil discussion, things might have been learned. The fact is Banks are filled with dirty, greedy fucks.
However, they are also a necessary establishment.