Do you believe that modern banking system is looting common persons?
Banking system is one of the greatest achievement of mankind. It has contributed a lot for making people happy as people were able to deposit their surplus money in the banks and get interest on their savings besides keeping their money safe. Banks even help us to provide money on credit. So, we can say that the banking system has a great contribution in the history of man.
However, it is also blamed of serving rich people's interest. Rich people can easily get bank loans and also use that loan for their personal gain. Even the rich people are culprit of looting commoner people's savings. They can easily get loan for their companies which become bankrupt. So, the become willful defaulters. Governments hesitate to take action against them.
So, do you believe that modern banking system is looting common persons?
- To much extent.
- To lesser extent.
- Not at all.
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