Banker Trojan

  

Categories: Banking, Tech, Ethics/Morals

Banker Trojan: Bad. Very, very bad.

A nasty program that hacks into your bank's website to get your info. The goal of the hacker behind the horse is to learn everything about you to ultimately, well, get your green stuff in one way or another. Money transfers, use of passwords, file stealing, recording confidential info, etc.   

To prevent this problem, if you're a bank, you need, perhaps ironically, a Banker Trojan, which is a financial prophylactic. And when you hear someone give a toast that starts with "Hats off!"...don't listen.

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Finance: What is an Ethical Fund?22 Views

00:00

Finance allah shmoop what is an ethical fund an ethical

00:07

fund the political weapon of unsophisticated finance people throwing straw

00:13

at brick houses everywhere Well unethical fund is one that

00:16

has no ah sin or no investments in what they

00:21

perceive as bad things like you know porn google images

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and snapchat facebook tobacco philip morris altria arguably the best

00:32

investments over the last century Guns and boeing rockwell bomb

00:37

gambling a vegas casino caesar's sands yeah that's not really

00:43

oil chevron shell bp hollywood it is neat bike on

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the other and then there's technology which delivers all of

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the above and let's not forget about telecommunications which lets

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people converse Teo then deliver all of the above way

01:00

Going too far here Yeah and that's the problem with

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quote ethical funds unquote healthy ethics are in the eyes

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of the beholder Go to a church service in the

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deep south and it's likely the congregation will give you

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a completely different quote It's ok to invest in unquote

01:18

portfolio then what A bunch of hippies in marin county

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california So who's to say what is ethical and what

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is not Well actually it's the gang marketing the mutual

01:29

fund which named itself to be and ethical fund Who

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determines what investors would feel good about investing in and

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hey that's fine Someday it's him up We want to

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start a fund investing on lian companies who are funny

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like intentionally funny not like you know g and those

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guys Well the problem is that for better or worse

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a large portion of the name's actively omitted from the

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list of buyable stocks in and ethical fund are often

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actually really good Businesses like oil and gas for example

02:00

has been a stalwart for a century in the u

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s so has tobacco And oh by the way most

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technology companies early histories were driven by profits in and

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around porn So there is in essence a price that

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investors historically seemed to be paying for the privilege of

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being all judgy about what ethics are meaning that results

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in ethical funds tend to lag their competitors by a

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few percent each year and over a couple of decades

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While that means that ethical funds end up being worth

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a lot less than unfiltered funds their funds who just

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are out there trying to make money for shareholders and

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then the big question gets asked from the ethically rich

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and financially poor from the poor house i shouldn't The

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best ethics just revolve around legally producing the best financial

02:47

return for investors Know what a concept investing in order 00:02:52.165 --> [endTime] to make more money Who'd a thought

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