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[KB 1 GRAM AT A TIME]
The biggest joke is that we're supposed to follow their rules while they never do. Remember the 2008 Credit Crunch economic crash? Who got blamed for it, us or them? Us, the silly homebuyers and small business-owners, for the unforgivable crime of wanting a home and believing that people deserved to own a place of their own! Some news articles described people who lost their property through bankruptcy or foreclosure as 'greedy, irresponsible beggars'. Banks approved every bad loan and mortgage in their endless drive for obscenely higher quarterly profits despite clear and loud warnings from leading economists against this 'casino-style' behaviour for years. Bartenders are held criminally responsible if they've served a customer who later crashes and causes lethal injury to others while driving.
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Now who got bailed out by the government, us or them? President Obama, PM Gordon Brown and the other leaders of the world's richest economies gave billions in economic stimulus grants to banks, approved by their respective parliaments, for the express purpose of injecting liquidity into the nations' economies----translation: for making loans and giving out mortgages and extending credit to us, the little people. Anyone remember what those lovely bankers did with all that government assistance? I personally wasn't invited to their lavish parties so I can't say, but I know that We The People didn't see a penny of this 'liquidity stimulus'. Our own public funds raised from our taxes! The schoolyard bully was saved by his victim, same as when the so-called nerd does the Bully's science report for him and still gets thumped and ridiculed by the thug for 'being a Loser'.
So, to recap: the bankers broke their own rules, according to their own in-house managers, and ended up bankrupting the world economy and destroying countless lives and families. The bankers then took money from the central government with the understanding that it was meant for us, their depositors, to assist in our economic recovery; however, they chose instead to keep it all for themselves, thereby breaking the rules again and destroying countless more lives and families. Punishments for these crimes have ranged from $millions in corporate stocks to more $millions in leaving bonuses being paid out to the guilty parties-----these same CEOs and their top execs.
Middle managers who had warned their bosses against indulging in riskier practices which drove up stock prices and executive pay and generated huge profits but, as predicted, led to the economic crash were ignored or silenced at the time. Most have been sacked----in their millions. What if you or I had pulled a stunt like this at our jobs? We'd be getting acquainted with a prison cell for decades. Raise a champagne glass (or oversized, overpriced magnum, in most cases) to the beloved Banker.
Nice being you, eh fella?
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