how is it rotten?
this form of banking exists singly and purely to make money. It has no more moral obligation to humanity than a rock falling from the sky has not to crush you.

I fucking despise it, but it's idiot to suggest that the whole sector is somehow rotten or bad. It's absolutely brilliant at what it does. Because even when it fails, it still succeeds.
( the mighty badger Aphrodite, on a bar stool, by your side, Thu 28 Jun 2012, 10:47, 1 reply, 13 years ago)

It's rotton if they are systematically using illegal activities to maximise their return

( Naked Ape call me Caitlyn, Thu 28 Jun 2012, 10:54, Reply)

why?
law is a code of morality. Morality is not something you can apply to an investment bank, since it exists to make money, which is a purely amoral purpose.

a fine for breaking the law is merely another loss. Someone going to prison is collateral damage; replace them. If they make more money breaking the law than they are fined for doing it, it's a net win and they are still good at what they are doing : not rotten.
( the mighty badger Aphrodite, on a bar stool, by your side, Thu 28 Jun 2012, 11:19, Reply)

see also: BP, Gulf of Mexio, Union Carbide, Bhopal and any fucking oil company in Nigeria for more extreme examples
Everything has a value when your business is money.
( the mighty badger Aphrodite, on a bar stool, by your side, Thu 28 Jun 2012, 11:22, Reply)