“Financial Products” Is a Marketing Term 0
The reality is all glitz and packaging and the old shell game:
“Today, the business model has shifted. Giant lenders ‘compete’ for business by talking about nominal interest rates, free gifts and warm feelings, but the fine print hides the things that really rake in the cash. Today’s business model is about making money through tricks and traps,” she said.
Needless to say, the proprietors of the financial medicine shows banksters are protesting.
In labor relations, it is a truism that unions are the creation of management. Fair management does not cause unions.
In finance, regulation is the creation of the medicine show guys.
