Quote:
|
Originally Posted by Rob Instigator
this is not exactly right hipriest.
you deposit your money in a ban savings account. They, in turn, loan your money out as if it wa stheirs, and get a very large return in interest from it, of which you are lucky to see maybe maybe a 1.5% interest return on your savings.
|
I would refer you to the first point I made, that nowadays those loans are largely for non-essential items (car, house, holiday etc) and so there is little moral objection to that profit-making, from me anyway.
Of course, whatever organisation you loan from or save with, at some point there will be a direct or indirect link to bad business or bad ethics. At some point a bank's investments, however carefully structured, will almost inevitably be linked with the likes of COca-Cola, Nestle or any other number of organisations.
I tried to pick the most ethical bank for my savings, and I tried to pick the most ethical lender for the mortgage, but I'm probably tolerating some level of dodginess somewhere.