If you say the term “banksters” out loud, you are immediately lowering your IQ.
It’s a clever contraction of “banker” and “gangster” designed to make you feel like a victim. Those evil banksters, they did it to you!
The truth is that bankers are what bankers have always been, which is relatively plodding people who look for ways to make money. That’s…their…job.
If you give them an opportunity through your own vast stupidity, they will take your money and send you a bill for services rendered. Shame on you.
This reminds me of the great secret about snake bites: most of them occur to males 18-29 when alcohol is involved. Most snakes won’t bite until your drunk ass picks them up, probably while a friend tries to snap a picture with her iPhone.
Wall Street does what any money-maker should, which is look for opportunities. It wasn’t their fault the economy collapsed. After two presidents told the regulators to ease up on the rules for house loans, a new market emerged: millions of credulous people willing to sign up for absurd debt loads.
Now many people are feeling hurt. They don’t want to face the real problem, which is that our society is in the hands of a gang of dangerous idiots known as voters. Instead, they want to blame some Satan or Sauron character.
When you blame the scapegoat, everything else is OK or at least assumed to be.
If you want to lower your IQ, go around talking about banksters. It will make you popular. It will also push the truth farther away from your pudgy little hands.
Yes, bankers are very ordinary people. Ordinary people like…
- Robert Rubin: Co-Chairman of Goldman Sachs, later became 70th United States Secretary of the Treasury
- John Snow: 73rd United States Secretary of the Treasury, later became Chairman of Cerberus Capital Management
- Henry Paulson: Chairman and CEO of Goldman Sachs, later became 74th United States Secretary of the Treasury
- Timothy Geithner: President of the Federal Reserve Bank of New York, later became 75th United States Secretary of the Treasury
- Gary Gensler: Co-Head of Finance at Goldman Sachs, later Assistant Secretary of the Treasury and head of the Commodity Futures Trading Commission
- Mark Patterson: Goldman Sachs lobbyist, later Treasury Chief of Staff under Henry Paulson
- Arthur Levitt: 25th Chairman of the SEC, later policy advisor to Goldman Sachs
Yeah. None of these bankers ever had ANYTHING to do with the government’s deregulation of Wall Street. Neither did the many, many millions of dollars funnelled to the campaigns of both Democrats and Republicans over the years… Yes, all of them poor, poor scapegoats with their hundreds of millions of dollars. Oh, my heart bleeds for them!
Now the list above may contain lots of names of Goldman employees, but don’t think that I’m singling them out. I could point to people like Robert Kimmitt, Managing Director of Lehman Brothers turned Deputy Secretary of the Treasury under George W. Bush, or his predecessor as Deputy Secretary Samuel Bodman, veteran of two venture capital companies. The entire financial services industry has been cosily in bed with the US government over the years of deregulation, no matter if the president is a Democrat or Republican.
And you’re blaming voters?