Comments on: How to end the banker backlash Mon, 18 Apr 2016 14:55:08 +0000 hourly 1 By: Sieb Fri, 20 Apr 2012 16:26:09 +0000 Hugo,

Respectively we’re hearing this story ad nauseam daily in the press. Let’s start covering and reporting specifically on European multi-national, medium-sized and small business export and revenue plans and get off the politics, the EU, commercial banks, sovereign bond markets and unhappy Europeans. These people don’t do anything!

By: learntothink Mon, 13 Feb 2012 07:36:12 +0000 What a wonderful little debt slave you are Hugo.
Here is the bottom line why people do not like bankers…
This is how it works in the US, Every dollar that exists has interest owed on it. So the government says Hey Fed we need 1 billion dollars. The Fed creates 1 billion dollars and takes a treasury note. The problem is that for 1 billion dollars we owe the fed 1 billion + interest. So where does the interest come from? Lets use a smaller number to make this easy…
100 dollars made by fed(all the money in the world)
we owe the Fed 101 dollars for that.
You cannot get that 1 dollar because it never existed so eventually you have to give them something of true value to pay the debt(like your house for example)

By: edgyinchina Sun, 12 Feb 2012 03:52:20 +0000 The anger is NOT directed towards entrepreneurs who ‘earn’ their riches, by hard work and innovation. The anger IS directed at the banks who caused this financial mess in the first place, then got off scot-free when bailed out by the government, only to secure massive and un-earned bonuses….

Regulators cannot regulate when handcuffed by the very government and politicians who make the rules….

By: RiskManager Fri, 10 Feb 2012 09:11:36 +0000 It’s clear –

Facebook is a private company & they can do what they want with any profits. Who cares if the public have values fb so high?

RBS (Lloyds…etc) are state backed (i.e tax payer funded) so they employ what are effectively ‘civil servants’ and their salaries should reflect this. all this talk about ‘talent leaving RBS to go to JPM’. What about the BoE or the treasury?

Barclays (JPM…etc) received NO tax payer funds, so they (like facebook) can do what they want with profits & their own cash. This has nothing to do with the public. If the shareholders disagree they can withdraw their backing & Barclays will be forced to refuce salaries & bonuses.

That is the beauty of capitalism

By: Gordon2352 Wed, 08 Feb 2012 17:22:52 +0000 The problem is not the bankers, but (1) the underlying lack of banking regulations, which would prevent them from doing what is natural to anyone who has the ability to do it, plus (2) proper taxation rules to prevent them from retaining the massive amounts of income they generate from passive investment activities, which injure society more than they aid it.

Meanwhile, this “Roman Circus” serves no purpose, except to throw bread to the mob as a distraction.


By: Robbedoes Wed, 08 Feb 2012 09:04:33 +0000 The share of the finance industry in the real economy should historically not be more than 10-15% due to its supporting role in society (it doesn’t produce anything, it just facilitates). It has, however, grown like a cancer in the past 2 decades, the ‘business banks’ having attached themselves to a vital organ (normal banks) so they can’t be eradicated, need not answer to the very capitalistic principles they advocate, must be kept alive and can keep on feeding on their hosts .. with the profits not going to its shareholders but mainly to its staff (best examples? MS and GS). But, just like in a human body, something has to give .. and that ‘something’ has decided that enough is enough.

By: jcfl Tue, 07 Feb 2012 18:22:50 +0000 return glass-steagall to its former power. build the wall (again) between banks and investment companies. limit the risk and leverage that banks can utilize. the shadow banking system would not have developed, banks would not have been able to buy derivatives, s&p wouldn’t have had as much incentive to give aaa ratings to subprime pool bonds, and we wouldn’t have shelled out a trillion tax dollars to cover their losses. unfortunately, the gop wants to return to an environment that fosters the greed we have already witnessed, practically forecasting another depression in the works if done.

By: ohillary Tue, 07 Feb 2012 17:52:36 +0000 Dear Prof. E. Corey,
Zuckerberg didn’t oversee, aid and abet the recession in the American economy.

By: colt1210 Tue, 07 Feb 2012 17:21:19 +0000 Hugo, you just don’t get it!!

By: ARJTurgot2 Tue, 07 Feb 2012 17:02:54 +0000 How to end the banker backlash… well, if we put them in front of firing squads it would certainly go quicker. We’ll let their widows and orphans keep the insurance money, which pretty much leaves only their dogs to miss them. The dogs will recover pretty quickly if they’re well treated.