Bankers ..New ,amusing opinion (not pc and contains swearing)

Anyone agree with this frank view of the Financial crisis? :slight_smile:

Yes I f$%king do.

He’s farking right. Calling it as it is :bravo: :bravo:.

My mate’s bro-in-law is an investment [strike]w[/strike]banker.
Rolling in $$$$$$$$$$$$$$$$$$$$$$$, but generates no good for anyone except himself, his family and his bosses, that I can see.

[quote=“shiadoa”]Anyone agree with this frank view of the Financial crisis? :slight_smile:

[/quote]

LOL

I agree with his view, but I don’t agree that the reason for the financial crisis was anything to do with bankers. Bankers are as predictable as Taiwanese tweens at a Hello Kitty sale. If you offer people free money, they will take it. If you offer lazy people free housing, then they will take it. If you offer free money to a bank, then it will take it. The result of both is a socialist system which is supported only be the average worker. Certainly it doesn’t work for very long, and creates discontent and hatred of the rich. It doesn’t however identify with the only problem which causes such grief, which is the government that sets up this twisted, corrupt system in the first place.
Government is built with some of the biggest, corrupt, dimwitted misfits one can imagine, and it’s their life’s goal to get paid for fiddling with people’s money, against their will. They are generally voted in by a minority and then set straight to work with their popularity compagne on one side and their pilfering campagne on the other, which caters for the people who are responsible for both keeping them in power, then preparing for their retirement.

If I were the man in the interview, then I’d be as angry, but I’d be focussing my anger on the government who create laws to rob people of their savings, not the greedy bankers who’s job it is to be greedy and to profit from the situation at hand. I can’t create a valid argument against capitalism.

[quote=“sulavaca”][quote=“shiadoa”]Anyone agree with this frank view of the Financial crisis? :slight_smile:

[/quote]

LOL

I agree with his view, but I don’t agree that the reason for the financial crisis was anything to do with bankers. Bankers are as predictable as Taiwanese tweens at a Hello Kitty sale.[/quote]
Absolutely. They’ll steal anything that isn’t nailed down- that’s why they need to be kept on a short leash.

I know this is a favorite meme on the right, but , no, the international banking crisis was not caused by shiftless coloured folk.

How is private bankers and quasi-banks creating money through creating privately-held and traded derivatives “socialism”?

You missed “well-deserved” in there

[quote] It doesn’t however identify with the only problem which causes such grief, which is the government that sets up this twisted, corrupt system in the first place.
Government is built with some of the biggest, corrupt, dimwitted misfits one can imagine, and it’s their life’s goal to get paid for fiddling with people’s money, against their will. [/quote]

Again, absolutely. That’s why when on the rare occasion when necessary legislation is passed, greedy bankers and corporations immediately start bribing politicians -“campaign funds”- to alter the laws for their benefit.

Right, the banks and corporations.

He rightly directs his anger both at the bankers whose job it is to make profits by honest dealing, but whose greed overcomes their morality, and the politicians- mostly right-wing, but plenty of Blue Dogs Democrats and New Labour types to go round- who take their money to gut regulations and allow the bankes a free hand

No one is asking you to. This is like a Chinese building contractor who puts in sub-standard material and the school he built collapses, killing the students. Hey, it turns out he bribed the inspector. So, the parents of those students should not be focussing their anger at the greedy building contractor whose job, after all, is to be greedy and profit from the situation at hand- he’s just doing what comes naturally.

You’re right, they should be angry at the government for not tossing him in jail till he rots- then maybe the next crooked businessman will think twice about it.

The law of the land is the leash. The government has removed the leash in favor of the banks and thrown them a juicy steak paid for by the public. Now the government feels it has to cover all the market failings, caused by theft and inflation by thieving some more steak from the public, printing some IOUs on the public’s behalf and without permission and is giving the banks even more steak for being predictably greedy.

I don’t know where your stereotypes come from. I’m not inclined to agree with them.
persimmonhomes.com/newbuy

Because it’s being paid for by the public, forced by the hand of governments. Many of western banks wouldn’t be in business if they weren’t being propped up.

No I didn’t. I’m not that basic.

[quote=“MikeN”]No one is asking you to. This is like a Chinese building contractor who puts in sub-standard material and the school he built collapses, killing the students. Hey, it turns out he bribed the inspector. So, the parents of those students should not be focussing their anger at the greedy building contractor whose job, after all, is to be greedy and profit from the situation at hand- he’s just doing what comes naturally.

You’re right, they should be angry at the government for not tossing him in jail till he rots- then maybe the next crooked businessman will think twice about it.[/quote]

You are talking about a government building inspector I take it?
That aside for a moment, it should be the job of a western government to uphold the law of the land i.e. Magna Carta. In China there is no such thing. The government dictates more or less everything and all one needs to get a building contract in China is some very good guanshi with the local government. The same can now be said for western governments too when it comes to banking, foreign trade and all other manner of things. Same shit, different pile!
In China one doesn’t need to try to be a good builder and be recognized for one’s good quality, honest work in order to gain a contract for a school. In China you just bribe a government official to get a contract. Same shit in the west if you want to run a bank. You don’t need to be any good at it. You just get your local, socialist government to write you the blank cheques on the public’s behalf, and wham, bam, you have yourself a dodgy business that’s “too big to fail”.

[quote=“MikeN”]This is like a Chinese building contractor who puts in sub-standard material and the school he built collapses, killing the students. Hey, it turns out he bribed the inspector. So, the parents of those students should not be focussing their anger at the greedy building contractor whose job, after all, is to be greedy and profit from the situation at hand- he’s just doing what comes naturally.

You’re right, they should be angry at the government for not tossing him in jail till he rots- then maybe the next crooked businessman will think twice about it.[/quote]
No, they should tear the building contractor – and his wife and children – into small bloody pieces, and feed them to dogs. Along with the corrupt building inspector and his family.

This will encourage other building contractors to follow basic safety guidelines, and will encourage building inspectors not to take bribes to certify unsafe construction.

[quote=“IdeaRat”]
No, they should tear the building contractor – and his wife and children – into small bloody pieces, and feed them to dogs. Along with the corrupt building inspector and his family.

This will encourage other building contractors to follow basic safety guidelines, and will encourage building inspectors not to take bribes to certify unsafe construction.[/quote]

The Chinese already have the death penalty for serious corruption or illegal practices, especially for those which cause death.
I met with a kindergarten owner in China a few months ago who would have been found guilty of feeding poisonous food to the children in her care if it wasn’t for her government contacts which instead threatened the parents with imprisonment if they complained. Most of the children were committed to hospital and many nearly died. I am not certain how many if any deaths resulted. She even kept her license to operate. China’s system doesn’t work because government rules in every area of business. When the businesses look bad, then so do the corrupt government officers which are in charge of oversight. In a free economy, the government’s only job is to administer and enforce the law, which means such cases would typically be tried more effectively. This would also be true in the western banking sector, but instead corruption is swept under the carpet as it makes the governments look bad when it takes place under their own watch.

Yep- throw banksters in jail, and bring back the regulations that were in place before Reagan/Thatcher threw the gates of corruption open

I don’t know where your stereotypes come from. I’m not inclined to agree with them.
persimmonhomes.com/newbuy[/quote]

You may not, but it is a common thought among conservatives (including our late lamented TainanCowboy) that the whole multi-trillion dollar international banking collapse was caused by loose mortgage lending from FannieMae and FreddieMac to shiftless colored folks.

Because it’s being paid for by the public, forced by the hand of governments. Many of western banks wouldn’t be in business if they weren’t being propped up.

No I didn’t. I’m not that basic.

[quote=“MikeN”]No one is asking you to. This is like a Chinese building contractor who puts in sub-standard material and the school he built collapses, killing the students. Hey, it turns out he bribed the inspector. So, the parents of those students should not be focussing their anger at the greedy building contractor whose job, after all, is to be greedy and profit from the situation at hand- he’s just doing what comes naturally.

You’re right, they should be angry at the government for not tossing him in jail till he rots- then maybe the next crooked businessman will think twice about it.[/quote]

[quote]You are talking about a government building inspector I take it?
That aside for a moment, it should be the job of a western government to uphold the law of the land i.e. Magna Carta. In China there is no such thing. The government dictates more or less everything and all one needs to get a building contract in China is some very good guanshi with the local government. The same can now be said for western governments too when it comes to banking, foreign trade and all other manner of things. Same shit, different pile!
In China one doesn’t need to try to be a good builder and be recognized for one’s good quality, honest work in order to gain a contract for a school. In China you just bribe a government official to get a contract. Same shit in the west if you want to run a bank. You don’t need to be any good at it. You just get your local, socialist government to write you the blank cheques on the public’s behalf, and wham, bam, you have yourself a dodgy business that’s “too big to fail”.[/quote]

Again, absolutely. Corrupt capitalists will pervert the course of justice by any means possible. The solution is democracy, honest government controls, and a free press.

I remember your solution was to abolish the FDA and replace it with private research institutions financed and run by the companies involved. Since the government would no longer be allowed to conduct scientific research into the effects of smoking, we would have to rely on the tobacco companies to tell us whether cigarettes caused lung cancer. IIRC, you said they wouldn’t lie to us because they had their reputations to consider.

Just like the capitalists responsible for 16,000 dead pigs in drinking water would never lie about it.

Whomever has power will be corrupt if they can line their own pockets. That is why the safety/health regulations were brought into place originally. Yes, some socialists may believe that government agencies will never be corrupt because they represent “the people”: equally stupidly libertarians and conservatives believe the power of private enterprise is harmless.

The power to restrain both private and public corruption is democracy and a free press, no matter how flawed. Any one who thinks either government or private power can be trusted is a fool

I couldn’t agree more. There will always be criminals, but there needs to be both an effective system which applies the law to them, as well as the freedom, as you suggest, which allows the common person to find their own opportunities and make their own choices in life and business. There needs to be greater personal freedoms and financial freedoms.

I don’t believe I ever suggested that product research, testing and development should be limited and managed by only the companies who produce products for consumption. I think that’s a massive exaggeration of what I said.

I think you’ve gone off on a weird tangent at this point. The people who dumped 16,000 dead carcases were criminals. I don’t think that the actions of those people are indicative of all capitalists. That’s an extremely naive statement to make.

I don’t know what your point is. If you are trying to convince people that there exists a criminal element in society or tendencies within our nature towards corruption, then I don’t think you need to.

This is why I prefer a more liberal approach. Because I believe in the incentive of freedom to the individual. When individuals are accountable, then tend to act more responsibly.