Dr Vincent Cable, a Member of the British Parliament and ex-Chief Economist of Shell, compared investment banking to a casino. Respectfully it seems to me that he holds too benevolent view upon the financial industry. In fact the modern investment banking business is operated like a casino whose owner lends tokens to punters at a very high interest rate. However the punters’ loans and interest become only payable to a casino owner out of their winnings.
No sane casino owner would have ever accepted such a self defeating business model. Yet the banks are such casinos. Banks’ stakeholders (shareholders and depositors) are such casino owners. And bankers are the punters.
No sane casino owner would have ever accepted such a self defeating business model. Yet the banks are such casinos. Banks’ stakeholders (shareholders and depositors) are such casino owners. And bankers are the punters.
Yeah, I think too that the financial system was turned into a pyramid. It was planned. And I know one way how not to depend on anybody and to have good money. It's casino. Here you will find best websites nz online casino Of course, it's a risk to play, but if you win, you will have a lot of money.
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