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Originally Posted by Walkabout
clearly this has been malfunctioning for quite some time and the banks have become akin to gambling houses/casinos, with more than a wiff of corruption to boot (LIBOR any one?).
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Quote:
Originally Posted by Walkabout
To quote employees of other service sectors who clearly acted without integrity, including committing acts of murder, does not add value to the argument regarding banking.
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Well then you dont understand why I included that example. Your attempt to criticise the financial sector implied the LIBOR scandal tainted the sector with corruption (see above).
My point is thats no more valid that saying the priesthood is malfunctioning because of the child sex scandals, the academic university research world is malfunctioning because of corruption in academic research, the high school world is malfunctioning because to student -teacher relationship scandals, the medical world is malfunctioning because of doctors taking improper sexual advantage of their patients or in the case of Shipman, just killing them. The police are malfunctioning because of corruption scandals, because of the de Menezes scandal etc. According to your logic, society as a whole, without exception, is malfunctioning.
My point is that its not valid to conclude because of a scandal or number of scandals that a sector of society is malfunctioning, because all segments of the economy and society are subject to scandals and cases of abusing their position. Including Doctors, nurses, priests, teachers, police, engineers, academics, etc etc etc etc etc .... ad infinitum
Do you think there are some industries or professions that are immune from wrongdoing?
Quote:
Originally Posted by Walkabout
If Hollywood is to be believed, the individual personnel involved (the bankers) have acted in a manner akin to drug-addled "rollers of the dice" .....
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If Hollywood is to be believed?? Thats kinda destroys any credibility behind an argument right there.
"The bankers?" ... who are the bankers? Genghis tried to point this out but conveniently you Nath Drwnite et al dont seem to bothered to have read (or maybe not bothered to understand) his post. Where does a banker begin or end? The old lady who works behind till number 3 in the local Natwest is a banker. Has she acted in a manner
akin to drug addicted rollers of the dice?
The officer who sits in the loan processing centre and tells you yes or no to your mortgage ... he is a banker. Has he acted in a manner
akin to drug-addled "rollers of the dice".
The guy who sits in a dealing room in the City, in a sharp suit, who the big corporate clients call up and ask at what price they can buy 20 million EUR. He is a banker. How has he acted in a manner
akin to drug-addled "rollers of the dice". He just tells British Airways and companies like them at what price they can buy 20 million EUR against sterling.
The investment banker who has worked for the last 2 years on a potential deal to merge British Aerospace with EADS, making sure the terms of the deal are clear with both parties and the pricing is agreed and transparent ... How has he acted in a manner
akin to drug-addled "rollers of the dice".
What about the team of investment bankers who worked for years on a deal to raise money for Tube expansion and improvement ... How have they acted in a manner
akin to drug-addled "rollers of the dice".
You dont even know what bankers do.
Of the million or so people in the UK who are bankers ... how can you claim to have any understanding of the matter when you blanket pronounce ...
(the bankers) have acted in a manner akin to drug-addled "rollers of the dice" ..... Its a ridiculous oversimplification and generalisation that has absolutely zero truth in it in 99.9% of cases.
If one biker in 100 is a drug dealer and a anti society gangster, should we all be labelled like that? Would you accept that labelling from someone who know nothing about bikers in general? Let say your local conservative party politician just showed you a newspaper clipping showing a biker gang robbing an old peoples home as blanket evidence that
Bikers are scum? ... and he is going to propose outlawing them. I assume you would look at the guy, shake your head, and say you have no clue what you are talking about.
Well, thats how it is trying to explain banking to you. I mean lets never never let the truth get in the way of propaganda and ignorant hatred. Its the cornerstone of populism.
It just demonstrates you not only dont understand the topic, but in order to hide your lack of understanding you throw a black blanket over a million people.
That is about as sensible and logical as saying the medical profession are murderers - Harold Shipman anyone?