CelticFrost
SasqWatch
- Joined
- April 2, 2011
- Messages
- 3,381
I'm afraid your explanation isn't convincing.
Banks and investment firms represent an authority and a big part of their function is to counsel their customers based on their superior insight into financial matters.
That doesn't mean consumers are without guilt - but they don't represent the core of the problem - and any individual consumer means nothing next to a bank in terms of the power to influence the market.
As for your questionable drug analogy, it would be appropriate to consider the banks as the drug dealers trying to persuade ignorant children to do drugs, because it's safe.
Obviously, that's not the whole truth - but it's far more accurate than your example.
To compare grown adults to children. I am sorry if people don't take enough care to be educated in how to handle their money.
To put any of the blame on the banks is just outrageous. They are there to do a job and it is up to you the person to know when is enough is enough.
Really if you liquid during an crash of a stock market it is the best time to buy and hold on to those stock not sell them.
It is a very tiresome argument to blame others for affairs you should be looking after.
- Joined
- Apr 2, 2011
- Messages
- 3,381