Greed is not good its GREAT (But only for Bankers)

The greed of banks in the USA and Europe is and has always been colossal, their arrogance in demanding that they (Bankers) are the only people qualified to regulate themselves. Yet their desire for profit at any cost has driven the global banking system into a crisis of unprecedented proportions> How? Simple the bankers refused to accept less and started breaking their own checks and balances rules in order to make more profit!

These so called “Banks” (an institution for receiving, lending, exchanging, and safeguarding money) SIC, made profits so huge that individuals were able and encouraged to amass fortunes that resemble the GNP of small nations!

A good example is Dick Fuld of Leman Bros, how anyone on this planet deserves to take out $500m - which was made by putting someone else's capital to work and by taking very few personal risks - is beyond comprehension. No surprise then that everyone is sick of Wall Street.

Yet when they bring the whole house of cards crashing down around them what do they do? Re- invest their own massive fortunes in to the banks that made them for them?

Certainly not, (the first rule of banking is do not risk your own capital!) No they come running to the tax payer demanding protection from our inability to pay! Us the very people they have been extorting money from in the form of £25 a time letters advising us that we are overdrawn to the princely sum of £2, the very people they charged exorbitant interest charges, the small shop keepers they charge a huge fee for banking cash! The list of injustices goes on and on, But politicians are apparently left with no choice but to bail them out to the tune of £280 for every single person on the entire planet! That alone is testimony to banking’s incompetence and its inability and lack of intent to regulate its self.

So what now? Well we can look forward to the biggest insider dealing scam ever perpetrated, Bankers will know when the market is going to move, they will advise the politicians its a good time to sell (Well before the shares reach their best value of course) governments will sell and the bankers will make huge profits, as will no doubt many politicians in the pockets of Bankers. It is illegal it is criminal and it will happen and no one is ever going to be prosecuted yet they will be robbing every single person on the planet of a decent return on their £280 and why? because they are bankers and will come up with a plausible lie.

In summary the bankers made profits from you, they ruined their own markets and you paid off their debits, and now they will make huge profits from buying back their shares at the lowest price possible, and all because the best people to regulate banking are bankers? BOLLOCKS its just a boys club for a load of "Greedy Bankers".

God help anyone retiring in the next couple of years your pension funds will be worth sweet FA.