Is Our Money Safe? <a href="http://www.geocities.com/vaksam/">Sam Vaknins Psychology, Philosophy, economic apprehension 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 rightfully chequered history of mismanagement, corruption, false promises and representations, delusions and behavioural inconsistency banks quell succeed to motivate us to give them our money. Partly it is the aim that there is safety in numbers. The fashionable term without delay is moral hazard.
The impli cit guarantees of the state and of other fiscal 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, honest 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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