On 7 Jan 2010 11:44:55 -0800, john.mck...@healthmarkets.com (McKown, John) wrote:
>Perhaps the Korean banks are competent? And they can make money by not paying >the account >holder all the income that the bank makes on the money entrusted to them? U.S. >banks used to >be user friendly and competent. They are, like most, now run by greedy fools. There are two big issues with US banks here - one is how much money they spend on regulatory issues. Why should banks and credit unions have different rules to follow? And the 2nd issue is much bigger, it's a business culture issue that is by no means limited to banks. That is we have lots of people running businesses who don't have the same risk/rewards as the businesses themselves have. Making decisions that will bankrupt the company in 5 years won't stop a CEO from getting wealthy now, especially if the company gets bailed out by taxpayers. ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@bama.ua.edu with the message: GET IBM-MAIN INFO Search the archives at http://bama.ua.edu/archives/ibm-main.html
