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From: berman@psuvax1.UUCP (Piotr Berman)
Newsgroups: net.politics.theory
Subject: Re: capitalism vs. democracy???
Message-ID: <1931@psuvax1.UUCP>
Date: Wed, 18-Dec-85 14:48:07 EST
Article-I.D.: psuvax1.1931
Posted: Wed Dec 18 14:48:07 1985
Date-Received: Fri, 20-Dec-85 03:47:24 EST
References: <261@gargoyle.UUCP> <286@frog.UUCP> <267@gargoyle.UUCP> <1793@teddy.UUCP> <27@cascade.ARPA> <1924@psuvax1.UUCP> <343@l5.
Organization: Pennsylvania State Univ.
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> >Imagine that there is no regulations.  Then you might have: you
> >want to borrow, deposit here, insure here, use us as a brocker.
> >Or worse: we do not like you, we will recommend everybody not
> >to borrow you.
> >Example two: you do not want a financial chaos, help us (and pay
> >taxes to do it).
> >Depriving you of an asset you use (like a house) may be quite a
> >punishment.  Unregulated power of banks could be very destructive.
> >
> >Piotr
>
> If this happens it is very good news for me.  Because I will make a
> hell of a lot of money just by opening up the Toad Terrific Savings
> and Loan company which does not have such terrible restrictions and
> is open on weekends.  If I am the only bank doing this, then I
> should get a great flood of customers through my doors.
>
> Problem solved.  Are there *still* people out there who don't realise
> that it is possible to make a great deal of money by treating people
> fairly and well?
>
> Laura Creighton

As a rotten relativist, I open Even Better Bank & Trust open day and
night, only to vanish after accepting first 1 million dollars in
deposits (no, I am rather honest, I wold rather return from the
futures exchange and say: sorry, I lately realized that currency
futures are not conservative investments after all).  Not only I will
deprive my depositors of the product of their toil, I will also
scare to death your depositors.