tag:blogger.com,1999:blog-27941559.post6235928792668277849..comments2024-03-13T18:03:14.612+01:00Comments on South Of Watford: Another Fine Trick With The EuriborGraemehttp://www.blogger.com/profile/05948656158638818739noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-27941559.post-76514914061869076702009-08-14T20:17:47.866+02:002009-08-14T20:17:47.866+02:00The system is set up in such a way that the banks ...The system is set up in such a way that the banks are like the house in a casino: whatever happens, they always win. <br /><br />If the economy grows, profits are made on the bank of credit expansion, increase in asset prices and banking intermediation. Mega-bonuses are then paid. If the economy slows, banks withdraw credit at short notice, increase the cost of credit and pay paltry interest to savers. Mega-bonuses still paid to the top elite. And if there is a banking crisis like this one, then they cajole governments to bail them out to prevent a cataclysmic crisis like in the Great Depression. The top elite in banking still get they mega-bonuses. <br /><br />And don’t get me started on the so-called “talent”. I have never heard such a ludicrous and stupid explanation to justify salaries that are the multiples of what top doctors, surgeons and lawyers can earn. It is easy to dismiss them as a “sect” (they are) but the problem is that they are the “ruling sect”.Rabhttps://www.blogger.com/profile/16537773508053082477noreply@blogger.com