Thursday, 1 September 2011
Economy, banks, crisis. Systemic risks out of systemic attributes to systemic failures.
"Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you."
Banks .. disclaimer .. what is their usefulness .. then?
Why this ..is acceptable?
Why anyone ..would heed their advice? .. Fundamental systemic attributes ...
..if their advice .. does not take ..into consideration .. their (customers) .. personal needs and financial circumstances ..
Systems built .. on the premises .. of ignoring .. of what they are counting on .. customers .. entrusting them with the fruits of their labour
customers whose .. personal needs and financial circumstances .. are not taken .. into consideration ..
how can a system .. survive .. upon these premises .. systemic attributes .. systemic risks ..
what is sought after .. a balance .. on a knife-edge ..surface ..
based on .. on a loosely knit .. win-win .. arrangement .. precarious .. limits
and disregard .. of 'customers personal needs and financial circumstances' .. enshrined
Advice .. if ever .. anything that ..banks offer .. can be called as such .. except as .. allurement .. deceit .. deviance .. the length at which .. their so-called advice ..could reach .. endangering .. the integrity .. the well-being .. of banks .. and customers .. alike..
.. systemic risks out of systemic attributes .. to systemic failures
banks offered advice .. implied within .. you are doomed if you heed the advice given .. as the advice offered .. it is for our own sake ..and only .. tailored to our own needs and wants ..
..and never intended to take into consideration .. your own .. personal needs and wants ..
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