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OT: So God Made a Banker

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Posted Yesterday 9:09 AM (GMT -5)
fyi. This is a parody of the Superbowl truck commercial. I think I can write something explaining why God made Big Pharma. HealingWell censors the link so it must be printed out:
http://www.marke***ch.com/story/so-god-made-a-banker-2013-02-06?dist=beforebell

And on the eighth day God looked down on his planned paradise and said, “I need someone who can flip this for a quick buck.”
So God made a banker.

God said, “I need someone who doesn’t grow anything or make anything but who will borrow money from the public at 0% interest and then lend it back to the public at 2% or 5% or 10% and pay himself a bonus for doing so.”
So God made a banker.

God said, “I need someone who will take money from the people who work and save, and use that money to create a dotcom bubble and a housing bubble and a stock bubble and an oil bubble and a commodities bubble and a bond bubble and another stock bubble, and then sell it to people in Poughkeepsie and Spokane and Bakersfield, and pay himself another bonus.”
So God made a banker.

God said, “I need someone to build homes in the swamps and deserts using shoddy materials and other people’s money, and then use these homes as collateral for a Ponzi scheme he can sell to pensioners in California and Michigan and Sweden. I need someone who will then foreclose on those homes, kick out the occupants, and switch off the air conditioning and the plumbing, and watch the houses turn back into dirt. And then pay himself another bonus.”

God said, “I need someone to lend money to people with bad credit at 30% interest in order to get his stock price up, and then, just before the loans turn bad, cash out his stock and walk away. And who, when asked later, will, with a tearful eye, say the government made him do it.”

God said, “And I need somebody who will tell everyone else to stand on their own two feet, but who will then run to the government for a bailout as soon as he gets into trouble — and who will then use that bailout money to help elect a Congress that will look the other way. And then pay himself another bonus.”

So God made a banker.

Post Edited (BabeintheWoods) : 2/6/2013 7:17:21 AM (GMT-7)

Posted Yesterday 3:21 PM (GMT -5)
Babe I like most of what you post but gotta ask
What's God got to do with it?

We create our own monsters by allowing things like this to happen.
Why haven't the banksters been brought to trial and punished? The big guys, not just the little guys.
Why isn't there more outrage for people who lost their lifes earnings?
Why haven't laws been changed to prevent this from happening again?
Why are the same people doing the same things today with no fear?
Why do we let small businesses fail but the taxpayer foots the bill for big business failures?

I hope we can get a third political party started-The Peoples Party-which answers only to the taxpayers not to corporations who stuff politicians pockets with money to do their bidding.

Who's to blame? We all are.
Posted Yesterday 3:28 PM (GMT -5)
I think what needs to be done is they need to reinstate the depression era Glass Steagall Act (1933). Basically, that act prevented banks from the sort of casino style gambling that caused the most recent economic collapse. And that act worked very well until deregulation fever took over and it was repealed, well we all see how well that went.

And yeah there should be a lot of bank executives in jail right now over this. To big to fail and apparently to big to jail as well.
Posted Yesterday 3:31 PM (GMT -5)
but gotta ask
What's God got to do with it?

God has nothing to do with it. This is a parody of the truck commercial during the superbowl. 
www.youtube.com/watch?v=sillEgUHGC4
Posted Yesterday 4:29 PM (GMT -5)
I hear ya, Babe.

It would be funny if it wasn't so true :-(

And, iPoop, I agree about Glass Steagall, too.
Posted Today 4:14 PM (GMT -5)
Hey BabeintheWoods-

I saw a newspaper report from London that Britain's Royal Bank of Scotland got caught in an interest rate manipulation global probe.
The resulting $610 MILLION fine will be paid by the bankers themselves.

RBS is 80% owned by the Brit Gov because of a 2008 bailout so the bank plans to cut 2012 bonuses and "claw back" previous payouts from staffers and dept members caught up in the scandal.

Quote: "To take $ from the corp. would, in effect, amount to making British citizens pay for the bank's role in the scandal."

May be something online about it.

At least one government got it right! :-)
Posted Today 5:10 PM (GMT -5)
Levying a fine as a penalty is a joke. The bank will write it off as business as usual and move on. Nothing changes. Merck was caught manipulating data on Vioxx that led to thousands of deaths and the company was penalized with another fine. Nobody goes to jail anymore and jail is the only deterrent these guys understand:

"Seven years after Merck withdrew Vioxx amid controversy and outrage, the drugmaker has agreed to pay $950 million to settle criminal and civil charges into the promotion and marketing of the painkiller, which was linked to heart attacks and strokes."

Not one Wall Street banker, not one, has faced charges for 2008's financial catastrophe. In contrast 5,000 bankers were indicted in the 1980's Savings and Loan scandal and over a thousand ended up in jail. And that Savings & Loan scandal was only one-tenth the size of the 2008 fiasco.

Post Edited (BabeintheWoods) : 2/7/2013 3:15:30 PM (GMT-7)

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