European Tribune - Comments - I am a banker. Some of us did not f*ck up.

I am a banker. Some of us did not f*ck up. | 44 comments (44 topical, editorial, 0 hidden)

that De Santis was just lucky, and you don't run banks on luck. My business has survived thae past 3 financial crises unscathed. How many people in the capital markets can say the same?

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sat Mar 28th, 2009 at 03:50:12 PM EST
[ Parent ]

This is precisely why commercial banks ... (none / 1)

... should not be allowed to earn big chunks of income from pure middleman commissions ... provided there is someone to make the market, its fine for middlemen in capital markets to sprout like dandelions after a late spring rain during a bull market and to wilt like dandelions in winter when the bear market arrives.

Its not fine for that to happen to commercial banks, which are the source of more than 90% of our money supply.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Mon Mar 30th, 2009 at 02:51:52 PM EST
[ Parent ]

I am a banker. Some of us did not f*ck up. | 44 comments (44 topical, 0 editorial, 0 hidden)

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