Money and Climate

[tw]

Originally Posted by xoxoxoBruce

The future has always been a concern of bankers and brokers who don't want to get blindsided by something that harms their bottom line.

Did we not learn from a 2007 recession? They are only concerned about this quarter and yearly reports. Since that is the only thing that affects their income. When the purpose of a company is profits - for top management.

Nothing in those spread sheets defines or even indicated what will happen in 10 and 30 years. If concerned with the product, they would. But finance people routinely ignore that. Which is why even sub-prime loans were so popular among finance types. They did not care what happened (and it was inevitable) many years or even a decade later.

Deutsche Bank routinely financed Donald Trump even though his entire history was a long string of defaults. He even defaulted on a $640million loan on a Chicago Tower. Next year, that same bank loaned him more money. No problem. Those loses will fall on other people. The guy who even forged signatures for Trump loans did so only to enrich himself.

Bankers and brokers don't give a shit. Brokers even dumped Trump's massive casino losses on other customers. Nothing about global warming appears on or can be quantified on any finance sheet. Most don't care. It is good business to put up a politically correct face. And then do nothing.