Tuesday, February 10, 2009

Thought for the Day


"What is robbing a bank compared to founding one?"

How appropriate that this happens on the anniversary of the birth of Bertolt Brecht (above), who told us everything we ever need to know about banks and bankers.

9 comments:

Dan, portsmouth said...

The first called Robbery. financed by poor savers who will be protected by the government.

The second called bounces, financed by poor taxpayers who were robbed by the government.

Madam Miaow said...

Yeah, definitely the bankers are bigger criminals than the bank robbers. But not as big as the government that loots public funds to pay the crimos responsible for the crisis without imposing conditions that protect our dosh.

They handed over billions without making sure no "bonuses" would be paid out of it? I'm still reeling.

Anonymous said...

Right, bankers are all criminals. Founding a bank and taking deposits is a criminal act. Presumably none of you in this thread, Neil included, have bank accounts ...

Charlie Marks said...

Legit gangsters...

Notice how the building societies aren't running for bailout money? Just goes to show that cooperative forms of ownership are superior.

Anonymous said...

Whatever - but still you will use banks. Or will your wealth be in a tin box under the bed.

Anonymous said...

Annon says..

"Whatever - but still you will use banks. Or will your wealth be in a tin box under the bed."

What a prat. Even if a working wo/man wanted to, they wouldn't be able to because everyone, apart from black labour market, was forced onto the bacs system. Employers saved money, Banks made money, workers do as they're told.

This is a timely reminder, Neil.
Nicki

Dan, portsmouth said...

Neil;
You were brilliant on "The agenda", it's one of my favorite programs; hope to see you there more often.

Neil Clark said...

dan, thanks very much for your kind words.
madam miaow: agreed.
charlie: great point. 'demutualisation' was such a great Thatcherite idea, wasn't it?!
Nicky: great point.

Robin Carmody said...

I notice that Nationwide's current ads are using the slogan "proud to be a building society". They wouldn't have used that slogan two years ago.

Not that I'm particularly optimistic.