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Right. Except bankers don't understand finance either, but they think they do. And when they showed that to the world by breaking the entire financial system,
by gumballhead 12y ago
Right. Except bankers don't understand finance either, but they think they do.
And when they showed that to the world by breaking the entire financial system, instead of having to pay the price of hubris, these champions of capitalism instead got access to the public treasury because they were too big to fail, and were consolidated into banks that are now too bigger to fail.
And now they're paying the media to say that people hate bankers because they're not as smart as them.
- dba7dba 12y ago"Except bankers don't understand finance either, but they think they do." Amen to that. Your own analyst tells you half the mortgages in the pile are toxic. But the banker tells the analyst to shut it and make the pile look good so the bank can sell it to 'investors'. Some banker.
- rismay 12y agoSeriously. People hate bankers because bankers are ignorant to their own behavior.