Comments on: Lessons from Wall Street Bankers – Part I

By: Joe Clayer

Joe Clayer — Tue, 24 Nov 2009 04:45:13 +0000

I like the way you look at things.

By: Lessons from Wall Street Bankers – Part II | Debtbeat

Lessons from Wall Street Bankers – Part II | Debtbeat — Sun, 22 Nov 2009 13:17:15 +0000

[...] the article I called Lessons from Wall Street Bankers, I talked about some of the positive attributes that investment bankers have that result in their [...]

By: Jon Council

Jon Council — Sun, 15 Nov 2009 13:04:23 +0000

So lemme get this straight. When in Rome, do as the Romans do, is that what you’re saying now? Hope this was meant in tongue in cheek, not literally in resignation. If it was meant in seriousness, I have another perspective that’s being missed in all of this. This system is not only the result of American/Anglo-British history of greed at others expense, but it is also unsustainable. God (yes that God of the Bible, the Jews, aka Jesus)created the idea of work and wages to illustrate how work is performed for the purpose of serving others, and the wages are to be a form of gratitude. One hand washes the other. Each are supposed to take care of the other. That is why money printed with out production or something of value behind it ultimately ruins the currency. We’re doing that right now, through these leveraging schemes which we call risk, but are really no more than ponzi/pyramiding techniques which multiply paper, but produce NOTHING. No jobs, no production, therefore…no WORK. This only makes the situatuion worse, even as it “looks” like things are better, and there will be a severe price to be paid sooner, rather than later. Believe me, the rest of the world sees the problem, and they will not sit by forever to let us warp the entire world trade markets with our casino economy. When that day of reckoning comes, it will be of a biblical proportion. As in Revelations…and we will find life in American forever changed from Government on down. Such is the reality of a nation that was born in slavery and indentured servantude.

By: Mark Ciccarello

Mark Ciccarello — Sat, 24 Oct 2009 17:53:37 +0000

Interest analogy to the mafia. In the mafia, the top income producers are known as “good earners.” They haven’t actually “earned” a dime in their lives, of course; it’s all stolen. Similarly when bankers talk about taking huge risks, they conveniently leave out the fact that they’re doing it with other peoples’ money. And as we’ve seen, they get paid exorbitantly either way.