Opinion

Felix Salmon

Christian values, only $25.98

Felix Salmon
Dec 21, 2009 20:25 UTC

Baptist values are going cheap! They’re only $25.27 per share, while Methodist values are $25.55, Lutheran values are $25.56, and Catholic values are $25.98 — the same price as general Christian values.

All these values are brought to you by the good people at FatihShares (“Invest with Conviction”). I’m seeing a long-Baptist, short-Catholic relative value play here; I’m just sad that I can’t get the video of this morning’s NYSE bell-ringing to work. I was hoping for something a bit more transcendant than usual.

(Via Crigger)

COMMENT

…and then there’s “FatwahShares” (invest by prescription)

Posted by Uncle_Billy | Report as abusive

Historical lessons in disincentivizing bankers

Felix Salmon
Sep 4, 2009 15:10 UTC

There are too many bankers, and they make too much money. How to deal with this? You can try to crack down on bankers’ pay directly, but that’s unlikely to work. You can try to fiddle with capital-adequacy standards, so that big banks become less profitable, but that’s unlikely to have much in the way of immediate effect. Or, you could follow the lead of Holland, circa 1581, as explicated by Simon Schama:

Bankers were excluded from communion by an ordinance of 1581, joining a list of other shady occupations—pawnbrokers, actors, jugglers, acrobats, quacks, and brothel keepers—that were disqualified from receiving God’s grace. Their wives were permitted to join the Lord’s Supper, but only on condition that they publicly declared their repugnance for their husband’s profession! Their families shared the taint and were only permitted to join communion after a public profession of distaste for dealing in money.

Given that Mammon has long since triumphed over God, I reckon most bankers these days would happily give up communion in order to be able to continue to make their seven-figure bonuses. Maybe we should try banning their children from attending expensive private schools instead.

COMMENT

Ahh … what Dogman really meant to say was he hates socialist crap in things like health care or pensions for instance. But he eats it up when it’s going to the bankers.
So I guess he’s eating a lot of crap these days, hmmm… love it with cheese!

Posted by Patz | Report as abusive
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