Hi everybody,A few days ago I listend to TMF Radio Show. David Gardner interviewed Mr. John Bogle, founder of the Vanguard Group. He talked about his new book "The Soul of Capitalism" and he said: "... handling other peoples money is a trust responsability. you have a duty to put the interest of your beneficiaries first..."I agree so much with this statement. So while they talk principally about Mutual Fund America and Corporate America and the problem that today there arn't owners but renters of stocks who don't vote for their interests anymore, I'd like to ask another question.When you invest in a bank stock you want to participate on the performance of the bank's business, good profits and growth. But every bank has in its business a part where it is a trustee. It is responsable for their clients deposits. But a bank makes good profits when it gives little interest to the clients deposits and sell loans as much expansive as possible.Is it socially responsable to be a shareholder of a bank? As a shareholder of a bank you encourage the bank to bet against the interests of their beneficiaries.Any thoughts?HHII
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