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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (14469)9/9/2022 1:19:05 PM
From: TigerPaw  Read Replies (1) | Respond to of 26429
 
Relying on unions and/or management to protect those worker's funds

'Union' is just a word for a concept of worker protections managed by a third party. It could be a bank or existing union, but it's really something that isn't currently available. The problem with both management and banks is that they put their own interests first, especially when times are tough and protections are needed more than ever. Banks are also not portable enough. I have to use two major banks, Wells Fargo and Chase because one is prevalent on the west coast and the other on the east coast. What is needed is more of a McDonald's ubiquity, but it shouldn't be a monopoly and it shouldn't have distractions in it's business model. That would require some sort of regulation. Most of all, it shouldn't be tied to a particular company or a particular region.