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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: jeremyg on Monday, May 28 2012 @ 08:51 AM EDT
Branches remain available because that is how retail banking products - such as current accounts, savings accounts and mortgages - are signed up for in practice.

Not any more for most products(at least in the UK). The Internet and cold calling are the main ways of selling such things.

Without them, how would they be able to explain the product to the level required by law, and obtain a reliably signed contract from the consumer customer?

By post.

As for the bonuses, they are going to the people at the top of the organisation chart

Some of them are, a lot of them aren't and the tabloids and their more rabid followers are not averse to condemning "bankers bonuses" regardless of where in the organisation the recipient sits or whether he/she or his/her bank were in any way involved in the causes of the crisis.

They have no control over the policies they are given to implement

Agreed, but they are still often tarred with the same brush when they are awarded their (modest) bonuses when they do a good job

Cheers

Jeremy

[ Reply to This | Parent | # ]

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