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Is Our Money Safe?
Essay specific features
Written by:
George R
Date added:
March 3, 2012
Level:
University
Grade:
A
No of pages / words:
12 / 3184
Was viewed:
7442 times
Rating of current essay:
Essay content:
Partly it is the feeling that there is safety in numbers. The fashionable term today is "moral hazard". The implicit guarantees of the state and of other financial 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...
displayed 300 characters
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Glossy brochures, professional computer and video presentations and vast, shrine-like, real estate complexes all serve to enhance the image of the banks as the temples of the new religion of money.
But what is behind all this ? How can we judge the soundness of our banks ? In other words, how can we tell if our money is safely tucked away in a safe haven ?
The reflex is to go to the bank's balance sheets...
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