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darwinist · Nov 13, 2003, 08:49 pm

No, bankers are in the banking business. Business is trade or commerce, a commercial establishment.

In Business, it is a good idea to make money. Otherwise, you do not have a business for long. The way you make money, is to sell a product or service. Normally the customer and pick and choose, which product or service he wants.

If the banks refuse to sell a service to everybody, they go out of business. Vis-visa, if a customer chooses to refuse all bank services, he/she has a huge problem.

All normal rules for commerial transactions, no longer apply to banks. The way most normal businessess make money is too mazumize their customer basis and/or sell a better product and/or better/closer locastion. etc.

All banks are inter-linked. In England each bank, has to have One Billion pounds in reserve.

I do not want to steal their banks. They would still own the banks. Plus every other service would still be at there finger tips. Loans as you mentioned, are run by credit risk. Saving account have similiar controls. Most have blocks on accounts, which means that current accounts cannot drop below zero. So how are the banks going to lose money?

Nov 13, 2003, 08:49 pm	#18 (permalink) (top)
darwinist Igneous Magma Location: Netherlands Posts: 200	No, bankers are in the banking business. Business is trade or commerce, a commercial establishment. In Business, it is a good idea to make money. Otherwise, you do not have a business for long. The way you make money, is to sell a product or service. Normally the customer and pick and choose, which product or service he wants. If the banks refuse to sell a service to everybody, they go out of business. Vis-visa, if a customer chooses to refuse all bank services, he/she has a huge problem. All normal rules for commerial transactions, no longer apply to banks. The way most normal businessess make money is too mazumize their customer basis and/or sell a better product and/or better/closer locastion. etc. All banks are inter-linked. In England each bank, has to have One Billion pounds in reserve. I do not want to steal their banks. They would still own the banks. Plus every other service would still be at there finger tips. Loans as you mentioned, are run by credit risk. Saving account have similiar controls. Most have blocks on accounts, which means that current accounts cannot drop below zero. So how are the banks going to lose money? What goes 'up', must come 'down', unless it goes around and round.