467,000 more jobs lost in June.

[NJ5]

TheRealMafoo said:

NJ5 said:

TheRealMafoo said:

A banks job it so maximize profits.

Not when that jeopardizes their long term profits. Publically owned banks have the duty to protect their shareholders' value, which clearly didn't happen if you look at the current valuations of these banks.

 

Then that bank goes out of business due to being poorly run, and all the shareholders lose there money for letting it happen.

I don't see where the problem is.

But wasn't the point of your reply to akuma587 that banks did their job? That's what I was countering.