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Old 13.04.2011, 09:57
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What has the banker become?

I was walking my dog this morning at 06h00, and I saw a guy driving out of an underground car park from a lakeside appartment block that must cost minimum chf10k per month to rent, in his Porsche, and my reaction was, he must be a banker. That made me stop and think (well i had to stop anyway cos the dog was parking his breakfast, but i digress) I started to think about banks, their employees ,their position in society today,and the general publics perception of them.I came to the obvious kneejerk reaction which was overpaid buggers that caused grief and poverty to many people in recent years, but I stopped myself, when I wondered whether that wasnt oversimplified,ignorant jealousy. So I thought about it again and came up with the same conclusion, but ratified by the fact that when you analyse the banks performance in recent years, it doesnt warrant the status in todays society. Panorama did a very good study recently on pensions and how pension fund managers take a minimum of 17 pct of your payments to, well, pay themselves big fat bonuses. The average bank has probably the best real estate in town and its employees ditto (subsidised loans for property etc using which money?) the money the banks work with is a small percentage their own capital and a huge percentage of , well your capital, so why should the bankers pay themselves so much. My own instinct in life is that if you want to invest in something, take a look at who is screwing you the most in daily life and invest in that company , but investing in the banks last year would have brought on an early cardiac issue. Then when I remember all the complaints I have read about in these threads, a lot are to do with large companies screwing people on contracts, not fulfilling promises,over selling their product. That leads me to the conclusion that the banking business model is now spreading to a wider proportion of society and that we as the average donkey can either choose to reject that and live in the boonies off our own vegetables (if we can get them to rise from the ground) or join the club. Our choice is determined by what? Well our pension for one, and in whose hands is that? I wonder whether there will be an end to this or is the general donkeyship going to keep taking it right up the ying yang? your thoughts?

I honestly hadnt read the last few posts on the Iceland votes No thread before writing this, but it does follow on very well.

Last edited by grumpygit; 13.04.2011 at 10:00. Reason: update
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Old 13.04.2011, 10:29
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Re: What has the banker become?

I also think there is a certain politics of envy.

For all you know, the man in the Porsche could have a successful business that he has worked really hard to get off the ground, and has had to undergo his fair share of downs before he made it a success.

Also, not everyone who works for a bank gets million buck bonuses - in particular the grunts who work at the front desk.

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Old 13.04.2011, 10:33
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Re: What has the banker become?

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I also think there is a certain politics of envy.

For all you know, the man in the Porsche could have a successful business that he has worked really hard to get off the ground, and has had to undergo his fair share of downs before he made it a success.

Also, not everyone who works for a bank gets million buck bonuses - in particular the grunts who work at the front desk.

Cheers,
Nick
I couldnt agree more Nick, I think the relevance was the perception rather than the reality.
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Old 13.04.2011, 10:49
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Re: What has the banker become?

I saw a report a few years ago about how much monetary value different jobs added. My memory is hazy, but funnily enough the best paid jobs added the least value.

Lawyers and bankers came near or at the bottom, costing more money than they added, while teachers etc. were at the upper end of the scale, due to the fact that they influenced many people (who in turn could add value).

The value was expressed as the cost of making every 10 GBP or something.

Shame I can't find it, as it would go a treat with this thread...
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Old 13.04.2011, 10:59
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Re: What has the banker become?

Come on. Bankers have been hated for centuries.

There was a time where jews weren't allowed to work in some places, so they became money lenders, ie: banks.

Its lawyers that you should be worried about - they make money from other peoples arguments!
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Old 13.04.2011, 10:59
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Re: What has the banker become?

What I find most alarming is the perception of bankers on this forum, where the majority of the perceivers work in IT for the banks or for evil empire pharma companies/Nestle and the like. It's got to be jealousy.
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Old 13.04.2011, 11:00
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Re: What has the banker become?

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Its lawyers that you should be worried about - they make money from other peoples arguments!
And bastard nurses who make money from other people's sicknesses. They must be creating the sicknesses for their own evil ends.
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Old 13.04.2011, 11:03
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Re: What has the banker become?

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And bastard nurses who make money from other people's sicknesses. They must be creating the sicknesses for their own evil ends.
No. They're just pawns in the sick - pardon the pun - game pharmaceutical companies play...
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Old 13.04.2011, 11:04
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Re: What has the banker become?

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What I find most alarming is the perception of bankers on this forum, where the majority of the perceivers work in IT for the banks or for evil empire pharma companies/Nestle and the like. It's got to be jealousy.
On a positive note, they always stand their round in a bar, and if you get them drunk enough they readily put the whole evening on their expense account.

You have to claw the money back somehow...
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Old 13.04.2011, 11:05
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Re: What has the banker become?

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No. They're just pawns in the sick - pardon the pun - game pharmaceutical companies play...
Yeah man....when I worked for the NHS we used to get massive sandwich platters and sushi for lunch delivered by a well known pharma company in the hopes we'd purchase their mental health drugs. I'm not sure I've ever heard of a banker who would do something that bad.
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Old 13.04.2011, 11:07
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Re: What has the banker become?

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What I find most alarming is the perception of bankers on this forum, where the majority of the perceivers work in IT for the banks or for evil empire pharma companies/Nestle and the like. It's got to be jealousy.
Well I reckon it is jealousy because most people are naturally materialistic and therefore see the greener grass over the fence. The point is however, is that position justified. In nomal daily life, should the bank be in such a position to
not fail
to pay its employees that kind of life style
charge the fees and rates that it does
have such power (political and social)
My somewhat aged but classic perception of a banker is a captain mainwaring type high street manager, running the banks local business, member of the golf club and round table and general stalwart of local society, not a speculative take the profit and drop the loss porsche driving young wannabe. This is a rant but not a banker slag , I just wondered why I got that impression and what had brought me to it.
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Old 13.04.2011, 11:11
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Re: What has the banker become?

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And bastard nurses who make money from other people's sicknesses. They must be creating the sicknesses for their own evil ends.
That is totally out of order, if it werent fore these nurses a lot more people would be dying and suffering.
Seems like no job is ok to have according to you apart from your job obviously.
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Old 13.04.2011, 11:14
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Re: What has the banker become?

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And bastard nurses who make money from other people's sicknesses. They must be creating the sicknesses for their own evil ends.
Just what i was thinking!
And supermarkets who prey on the hungry, fast food companies who chase quick-fix addicts, even some women who make you sleep with them because they are wearing skirts!

(hate to get this thread on track again GG )
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Old 13.04.2011, 11:16
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Re: What has the banker become?

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Well I reckon it is jealousy because most people are naturally materialistic and therefore see the greener grass over the fence. The point is however, is that position justified. In nomal daily life, should the bank be in such a position to
not fail
to pay its employees that kind of life style
charge the fees and rates that it does
have such power (political and social)
My somewhat aged but classic perception of a banker is a captain mainwaring type high street manager, running the banks local business, member of the golf club and round table and general stalwart of local society, not a speculative take the profit and drop the loss porsche driving young wannabe. This is a rant but not a banker slag , I just wondered why I got that impression and what had brought me to it.
So....I believe the banks should have been allowed to fail. Catastrophic consequences, but bad business is bad business and the precedent saving them sets in really unthinkable.
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Old 13.04.2011, 11:19
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Re: What has the banker become?

can anybody here tell me what exactly is a "banker" and what they actually do?
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Old 13.04.2011, 11:20
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Re: What has the banker become?

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So....I believe the banks should have been allowed to fail. Catastrophic consequences, but bad business is bad business and the precedent saving them sets in really unthinkable.
Well absolutely and that brings the banker to a mindset that allows the kind of approach to society that we see now. It projects forward into very much an elitist position. That will have to change but its going to be very messy.
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Old 13.04.2011, 11:20
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Re: What has the banker become?

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can anybody here tell me what exactly is a "banker" and what they actually do?
People who are rich, wear suits and do things people in IT don't understand.
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Old 13.04.2011, 11:25
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Re: What has the banker become?

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That is totally out of order, if it werent fore these nurses a lot more people would be dying and suffering.
Seems like no job is ok to have according to you apart from your job obviously.
swans, I'm quite sure economisto was saying this as a tongue in cheek counter argument to the statement that lawyers make money off of arguments, or just plainly trying to make a joke. I found it quite funny.
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Old 13.04.2011, 11:26
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Re: What has the banker become?

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That is totally out of order, if it werent fore these nurses a lot more people would be dying and suffering.
Seems like no job is ok to have according to you apart from your job obviously.
you tell him!
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Old 13.04.2011, 11:30
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Re: What has the banker become?

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And bastard nurses who make money from other people's sicknesses. They must be creating the sicknesses for their own evil ends.
That is totally out of order, if it werent fore these nurses a lot more people would be dying and suffering.
Seems like no job is ok to have according to you apart from your job obviously.

And, for those who passed Irony 101, here's the view from swans1984 location:

Attachment 25794

Last edited by weejeem; 14.10.2011 at 16:03.
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