...but Consumers, Retailers
"I told you- good day I'm okay, bad day I'm okay. Stop bugging me on my feelings. They're irrelevant." – Lewis Zabel, "Wall Street: Money Never Sleeps," 20th Century Fox, 2010
Joe Corzine, former head of MF Global, "misplaced" $1.2B of investors' money but was certain it would show up.
The EU stress tested a bunch of banks (to see if they could withstand a financial fiscal shock attack), a lot failed.
Talk about stress testing U.S. banks is avoided because…
Banks, credit card companies and digital site folks (Google, PayPal, Apple, etc) want to make life easier for you – they want to eliminate the need to handle all that dirty, filthy money and hauling out your plastic every time you want to buy something.
Face it, money - dollars, rubles, pounds, francs, yen, Yuan, etc. – doesn't really exist. It's just a bunch of ones and zeros flying from cloud to cloud.
To save yourself from carrying all that junk, you can do it all with your feature/smartphone.
Your phone is always with you anyway for playing your music, showing you your videos, sending you the latest news, giving you your exercise plan, keeping your appointments, showing you how to get from home to office.
So, it's the logical place for your money.Read more
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