Sponsor A Banker!
Posted by DeadAnarchistPhil on May 3, 2009
Bankers like Sir. Fred Goodwin (Pictured) have been devastated since the financial system nearly collapsed in late 2008! Through no fault of their own they have lost their jobs and all credibility.
This happened because the UK deregulated their financial system in 1998 and the US did the same in 1999. The bankers were free to do as they please. This was akin to putting a morbidly obese fat man with no self-control in charge of a cake factory! Before we knew it the Bankers were doing what Bankers do best in a deregulated system and started taking excessive risks and giving loans and mortgages out left right and centre to people who couldn’t afford to pay it back, in order to make fast, short-term profits.
Of course it wasn’t the bankers, fault, it’s not like they LOBBIED and BRIBED the Governments to deregulate the system so they could make more money fast instead of growing their profits slowly! They couldn’t help being greedy bastards, they’re bankers after all!
It’s the Governments fault for deregulating the system and the people’s fault for asking the bankers for money they couldn’t afford to pay back. What were the bankers supposed to do when confronted with this? They’re just good-hearted people who couldn’t turn them away!
So, have a heart and sport Sir. Fred and his mates a fiver when you can! Thank you!