Banks: Moral Bankruptcy Follows Financial Grounding

Governments and state owned Central Banks worldwide are falling over their feet to stabilize the financial crisis brought on by idiot bankers, mindless bank executives, and over clever swindlers called economic experts. The banks sabotage every move at every turn, showing the bank managements as inept, without character, morally depraved, and bare of ethics in business dealings.

After the bailout by tax payers with billions and billions of tax money adding up to horrendous sums when taken together from all countries concerned, banks make bonus payments to their inept employees amounting to billions again. The new banker is therefore a direct employee of tax payers, not of any banks anymore. Tax payers could therefore expect fair treatment from the banks. Contrariwise, the banks out themselves as the bandit rogues they always were.

The Central Banks of the industrialised countries cut their lending rates to banks. What is the logical move by the banks? They cut the interest rates on savings accounts. They put up their interest rates on mortgages. Seems quite logical, doesn’t it? It’s like being late for work in the morning, then leaving too early in the evening to compensate. It would be humorous, if it wouldn’t just cripple all endeavours by governments to get to grips with a major crisis brought on by the very same criminals now cashing in on their customers. This is wanton sabotage and terrorism against humanity as a whole.

Does it really take an appeal by the government to do what is obvious to every person walking this planet? Are only bankers so bare of all common sense that they have to be summoned by the Prime Minister to do what they should have done anyhow? It’s appalling, how completely bereft of any decency bankers behave. The only way to make them behave seems to be taxing them until their hair bleeds and their minds scream in eternal agony over the tax bills they will have to pay down to the tenth generation.

I doubt that bankers are able to read, but should there be one out there, he might explain to his fellow bankers a few things. For one, tax payers are not a mathematical number, but people. They just happen to be identical with customers, savers, mortgage payers, and share holders. Maybe bankers forget little things like that easily. Don’t, because we, the customers, are able to hit back. As UBS had to learn in Switzerland after announcing that they would pay out 7 billion in bonus payments. The announcement came one day after the government bailout by 60 billion. The bank lost 82 billion in savings accounts over the next few days. That’s the way to do it. Hit the big ones and go to the small ones.

It was with no great surprise that I saw the announcement by Raiffeisenbank in Switzerland. This is a group of very small banks under a common name and umbrella roof company. They deal locally. And they announced within an hour of the rate cut by Swiss Central Bank that they will lower their mortgage and lending rates by the same percentage, as well as the savings accounts obviously. This makes sense, nothing else does.

But it’s obvious, bankers want to cash in for the losses they are solely responsible for with their decent customers. Maybe they try to build up money against the next bailout, when the CDS crisis erupts, you can’t really know what is going on in these little brains, can you? If you don’t know about CDSs, read Will It be Domino Day for the Banks?.

At least, bankers enrich our English language. So far, rock bottom expressions were scum, terrorist, assassin, murderer, criminal, paedophile, or others. Now the shining sole occupant of the lowest level of evolution is banker. Welcome to the boneless slug level. The slugs probably will object to this as they have more backbone than a banker.