Is Our Money Safe? <a href="http://www.geocities.com/vaksam/">Sam Vaknins Psychology, Philosophy, economic knowledge and Foreign Affairs Web Sites Banks are institutions wherein miracles happen regularly. We rarely entrust our money to anyone but ourselves and our banks. Despite a truly chequered history of mismanagement, corruption, false promises and representations, delusions and behavioural inconsistency banks fulfill succeed to motivate us to give them our money. Partly it is the port that there is safety in numbers. The fashionable term directly is moral hazard.
The implicit guarantees of the sta te and of other monetary institutions moves us to take risks which we would, otherwise, have avoided. Partly it is the sophistication of the banks in marketing and promoting themselves and their products. Glossy brochures, professional computer and video presentations and vast, shrine-like, bona fide estate complexes all serve to enhance the image of the banks as the...If you want to get a full essay, order it on our website:
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