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A comment on Richmond’s rules: Why one California town is keeping Wall Street up at night.

Re:Richmond’s rules: Why one California town is keeping Wall... by negamax on Sunday October 06, 2013 @07:26AM (#6503764)
It's the money of other citizens. People don't realize it but money doesn't always gets invested from wealthy individuals. It could very well be from pension funds, mutual funds etc. So it's not that banks are getting hurt but other normal citizens. Also, stop painting banks as evil.
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Re:Richmond’s rules: Why one California town is keeping Wall... by nl on Sunday October 06, 2013 @07:37AM (#6503777)
It's the money of other citizens. People don't realize it but money doesn't always gets invested from wealthy individuals. It could very well be from pension funds, mutual funds etc.

Pension & mutual funds are big enough to force banks to act differently, and haven't. They should bear the risks associated with that behaviour.

stop painting banks as evil

Why? Their behaviour in the lead up to the 2008 financial crisis was unethical (to say the least), and their behaviour after 2008 has shown a complete lack of regret.

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