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To: maceng2 who wrote (73343)	5/5/2010 5:42:55 AM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 74559

Steady on... bankers are not evil-doers. They just accept deposits, keep track of the money, and lend it to other people who want to borrow money. The banks lose money if they make bad loans. Unfortunately for the bank shareholders, the managers loaned too much money, and the mortgagors got in over their heads thinking that property prices only go up. Bank shareholders have a job to do and it's evaluating managers of companies and the business opportunities. If shareholders do a bad job, they deserve to be fired, and they are fired. Whining because they lose their money is silly, though they seem to have got governments to provide money to keep the banks solvent and the shareholders back in the money. Many of we shareholders lose money by making bad judgments - it's annoying to see particular shareholders benefit from government largess. It was notable that Warren Buffett knew that governments would provide money to the shareholders so he bought in during the panic to gain from the government funding. Mqurice

To: maceng2 who wrote (73343)	5/5/2010 5:45:09 AM
From: Snowshoe	Respond to of 74559

>>F**k the UK bankers<< A few years ago this RBS wedding commercial was widely broadcast on US TV. It seems to imply that RBS makes spur-of-the-moment decisions based on zero analysis. Why would anyone choose a banker for such a superficial reason? youtube.com

To: maceng2 who wrote (73343)	5/6/2010 12:53:03 AM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 74559

Hopefully your close relatives made the mistake of working for a bank and will soon experience what the Greek bankers experienced: <Fk the UK bankers. The government should just pass appropriate legislation, shoot them all, and melt their body fats down for soap. Commodities can be bartered. > finance.yahoo.com With barbarians like that on the loose, do you think people with money are going to be keen to help: < Elena Becatoros, Associated Press Writer, On Wednesday May 5, 2010, 9:25 pm EDT ATHENS, Greece (AP) -- Rioting over harsh austerity measures left three people dead in a torched Athens bank and clouds of tear gas drifting past parliament, in an outburst of anger that underlined the long and difficult struggle Greece faces to stick with painful cutbacks that come with an international bailout. The deaths were the first during a protest in Greece in nearly 20 years. Fear that the bailout won't stop the debt crisis from spreading to other financially troubled EU countries like Portugal and Spain intensified amid the violence Wednesday, as credit ratings agency Moody's put Portugal on watch for a possible downgrade. The euro sank, dipping below $1.29 for the first time in over a year, on fears of crisis contagion and concerns that political upheaval might keep Greece from keeping its end of the bailout bargain. Greece faces a May 19 due date on debt it says it can't repay without the help. > You will find that things will get very much worse with attitudes like yours and theirs, and those who will suffer the most will, as usual, be those at the bottom of the heap. Perhaps somebody you know borrowed too much money and is now in trouble. They should blame themselves, not their creditors [who no doubt have enough problems dealing with deadbeats]. The financial institutions which did a bad job are now out of business, the shareholders lost their money and many employees are looking for new jobs. That's the normal punishment in business for failing to do a good and profitable job. Mqurice