Quote ="Adeybull"Have you noticed now how any banker you meet (when they venture out) always says something like "OK, I'm a banker. I admit it. But I'm an ordinary retail banker looking after customer accounts at branch level, not one of these investment bankers in London..."?*
Sort of like Clinton's "I smoked it yes but did not inhale..."?
Have you ever read the "Alex" cartoon strip? Sums up perfectly what a load of scumbags investment bankers generally are, IMO.
[size=50* In fairness, they likely are, and are as sickened as the rest of us and fed up of being tarred with the same brush. [/size'"
The only guy I know who works in a bank is far removed from the investment side and, I would guess, deserves whatever he gets in the way of bonuses, if only for being the public face of the profession and having to take the 'stick' for the investment bods.
I've not seen the cartoons no, though I suppose they deserve to be shot at. To be honest, like most people I was happy when my peps and isas were making a decent amount above inflation, but again like most I wasn't financially literate enough to see the dangers and expected the various authorities to be doing what they were supposed to be doing. Of course these investment bankers had been doing similar things for thirty odd years with a few up and downs but without approaching the abyss, so I guess it was easy for the regulators to feel that every thing was OK. What, still in my financial illiteracy mode, I can't understand is why so little has been done since to rein them in. Maybe, putting hope against reason, they believe future profits will make everything better again.
Other than not knowing why people are allowed to use 'borrowed' shares to speculate on the hope of a crash and exactly why Standard and Poor have the power to bring sovereign countries to their knees, I think I might have a better understanding now. But perhaps not!
I think I'd best mention rugby league before I get banned!!
<Just for Tigertot 
