I faffed really badly. There`s just so much crap going on in the world at the moment, that it`s tricky to get a handle on what is important and what is not (at least, in my humble opinion).
Let`s turn to my favourite topic: bankers, financial snake-oil merchants and other dubious characters. I checked this one out at The Huffington Post. We`re all familiar with kind of scum that infest places such as Wall Street and The City, but this just goes to show the ruthless dog-eat-dog mentality of some of these `people`. The person in question (Martin Erzinger) should be doing time, but – because of his elevated status as a `wealth creator`, he`s got away with paying damages. Money is not enough: just what kind of message does this send out? That it`s ok to act in a criminal and heartless manner, to behave with no conscience just because you`re working in the financial sector? Given the way the bail-outs were handled though, that`s the kind of message that governments have sent back to the financial vandals who trashed the world`s economy, plunging countless thousands into unemployment, poverty and homelessness. Thinking about it, Bin Laden must be laughing: the damage done by the bankers has been worse than a thousand Bin Ladens could ever hope to achieve. The convoluted manner of some of the `exotic` financial vehicles (hiding debt within debt within debt) has resulted in a spaghetti junction that makes Rubik`s Cube look like child`s play.
I really hope that something life-changing happens to Erzinger.
Posted by schmuckyzucky