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The information on Groklaw is not intended to constitute legal advice. While Mark is a lawyer and he has asked other lawyers and law students to contribute articles, all of these articles are offered to help educate, not to provide specific legal advice. They are not your lawyers.

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Accidentally Released Documents Show How Goldman et al Engaged in Naked Short S | 200 comments | Create New Account
Comments belong to whoever posts them. Please notify us of inappropriate comments.
Accidentally Released Documents Show How Goldman et al Engaged in Naked Short S
Authored by: Anonymous on Monday, May 28 2012 @ 04:51 AM EDT
But if you did that then who would you get to do the job?

I doubt anyone else would want it.

[ Reply to This | Parent | # ]

Accidentally Released Documents Show How Goldman et al Engaged in Naked Short S
Authored by: jeremyg on Monday, May 28 2012 @ 05:53 AM EDT
It explains why banks' opening hours are at most equal to everyone else's office hours

Quite the opposite. If psychopaths were making decisions on bank branch opening hours most branches wouldn't be open at all as they are no longer cost effective. The financial costs of maintaining a presence on the High Street far outweigh the income from the business the banks would lose if they closed.

. . .they will usually take the option in which everyone loses

No, they don't. Most of the time the banks make an effort to re-negotiate mortgages to get their money back. It's just that those stories don't make it to the front page of the tabloids so most people don't know that the re-negotiating is going on.

Most people also don't consider that the "bankers" getting bonuses aren't necessarily the same people who were responsible for the financial melt-down. Lumping all people who work in the financial sector into a group labelled as "bankers" and treating them all as though they were responsible for the mistakes of a small percentage of their group isn't very helpful.

Cheers

Jeremy

[ Reply to This | Parent | # ]

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