Billions For The Bankers

F*ck you and the horse you rode in on - my wife is one of these bankers; have you any idea how hard they bloody work? Shirkers my arse.

Oh and her lot didn't need a penny in bailout.

It's very easy to demonise what you know f*ck all about.

Mike

In message , Mike Ross wrote

Yep, they worked VERY hard to f**k up the economy!

What you think we are all fools, we know a lot more than you think. Bankers are scum, pure and simple.

Do they work as hard as a trawlerman? Do they work as hard as a paramedic on a Friday night?

It seems those bankers don't work so hard after all, doesn't it?

It's never less than a 10-11 hour day, with maybe 20 mins away from the desk for lunch, and regular 12-13 hour days during earnings seasons. And it's constant stress. So yes they work bloody hard - it's not a 9-5 job, it's a vocation, you have to love it and live it to do it. And I'm a fireman - I know about hard work. Unless you've done it, or been married to it, you don't know it.

Mike

My heart bleeds for you both.

Why? We love our jobs. Like I said, you have to love it to do it. All I was trying to do was dispel Mr. Ignorant Darkman's 'shirker' slur.

Mike

What does she do? I don't think many bankers love it. They do it for the cash and dream of something else.

The people who really messed up are the governments who failed to regulate, thus controlling their exposure to bank failure. This is why the taxpayer has been left paying, if you want to blame anyone blame Brown.

As for trawlermen, who overfish, governments have failed to adequately regulate fish stocks too.

Moron - check out my website

bankers may work hard, but so do burglars. Both are parasites.

What is there to love in banking, apart from the pay and bonuses? I'm genuinely interested to know, because I imagine most of the time bankers just do more of the same, over and over again.

Francis

She works on Wall St., she's a VP and portfolio manager for one of the biggest banks on the street. She manages junk bond portfolios.

That's a better target. But my wife still thinks the whole situation, at its roots, is down to about a dozen men (and they were all men) making bad decisions in very big offices. So yes, blame bankers if you like - but blame the *right* bankers.

Mike

It's a big game of strategy - like chess, for instance. It's an intellectual challenge. My wife (and most of the best bankers I know) are hackers (in the true original sense) of banking; they love it, they live and breath it. They KNOW credit.

Mike

And they know debits. My son who was out of the country at the time went

So being a fireman is hard work. You chose that job so you knew what it entailed. Don't get us wrong you guys do a great job when its called for. But don't forget many workers in non high profile or dangerous jobs also do a good job.

Plus your language is rather course and as such it needs dowsing down a little with your own foam.

Save your scorn for the politicians and that Jonah in particular, what sunk the ship, now pretending to be the only one fit to be in charge of the life raft.

Brown f**ked the banks and f**ked us all on the back of his perpetual motion engine of economic growth, otherwise known as the UK bullshit housing market.

Anyone that disagrees with this analysis care to explain quite how a housing market can hyper-inflate at 20-30% per year, for thirteen years, and be sustainable?

Yes, crack the modus operandi of house of cards construction and you too can join the exalted ranks of the truly great historian economists.

That's retail banking. And yes it sounds like a scam to me too. If my bank did that to me I would walk away from them - carefully leaving them £90 overdrawn of course! I was discussing merchant banking, which is a VERY different game. The bank my wife works for doesn't issue chequebooks! (Well it does, but only to a few rich clients and staff).

No argument from me. And it's a vocation for me too - I don't get paid for my firefighting, I'm a volunteer.

Perhap - but I plead provocation; I was offended by the feckless 'poetry' of the OP which characterised bankers as 'shirkers' when I know how hard most of them work. He was talking about my wife!

Mike

I don't recall any mention of your wife in the OP. Perhaps you're being a bit over-sensitive? Or perhaps it was a touch close to the truth for your liking?

Banks create money out of nothing and sell it to the rest of us. Including governments. Why should we pay for something we can get for free?

Implying that bankers are shirkers. My wife is a banker; he was talking about my wife. Further, I felt obliged to call him out on his bullshit.

Mike

This sounds nice but is a little misleading. Obviously the bank CEO's were to blame for the collapse of their own organisations. However the root cause, a willingness to underprice/ignore certain types of risk was committed by a great many people who knew what they were doing but saw a personal advantage. This would be more apparent at the level of risk manager than salesperson.