Wednesday, 1 August 2012

Government for the people, not for the banks

Government for the people and by the people, rather than Government for the banks and by the banks, is the theme of Simon Jenkins' piece in the Guardian this morning.
This so-called crisis is being run by and for banks. They were burned by the credit crunch, by their own reckless lending to a housing bubble and to spendthrift governments. Declaring themselves too big to fail, they demanded policies whose sole virtue was to see their loans secured, at whatever cost to the European economy. They do not want a collapse of even a part of the euro, as that would jeopardise their balance sheets.
The banks share with Assad of Syria a determination to hang on at all costs, to maintain power whatever the butcher's bill. Countless millions across Europe are paying the price; like Assad the banks are mired in criminal malfeasance, exploitation, fraud and corruption. We are at an absurd point at which the British taxpayer throws £100m at a bank only to have the bank pay the same £100m to the US authorities as a 'fine' to keep the bank's bosses out of jail. Why not save the £100m and imprison the whole corrupt caboodle ourselves? Well, because the banks and the government are one. Each protects the others' back.

Jenkins writes  'When Nero duly fell from grace and committed suicide, he cried: "What an artist dies in me."'. Well, almost. He only determined to die less painlessly than being beaten to death by the horsemen then approaching his villa, and when the time came he lacked the courage and had to ask Epaphroditos to do the deed. We don't have an Epaphroditos to thrust the blade into the heart of the banks. But if we did, yes, they might say "Qualis con-artifex pereo".

6 comments:

right_writes said...

I was reading this piece Raedwald and I was thinking that this Jenkins bloke is a bit touched, and I was wondering why you hadn't mentioned this...

And then there it was...

"because the banks and the government are one."

Of course, he won't have much luck there... the banks and the government are interchangeable...

They are the same thing.

Anonymous said...

Jenks is right.

The W........ankers watch from their gilded thrones, once masters of the Universe...and yet still masters of Universe. Basel III [the latest slithery ruse] - save the banks, no save the EURO! Cry the.........er well you know - the bankers.......Not to forget and always remember, and bankers of the Brussels Kommissars too.

The Greek crisis goes on and on, the Bankers know full well - if Greece goes - then so does the wealthy and gilded living of the 'Basel buffoons', there's a parable in there somewhere.


Oh so innocently, does he walk and cross over to the other side of the road, all the time observing the lacerated and severely injured victim lying in the road,
"a Greek by all accounts" they say.
"Oh yes, they'll be able to save him but he will never recover, just surviving on his life support machine",
"it's no life really".

The banker sighed much relieved, for his lift indeed had arrived - the door opened and he climbed into his shiny chauffeured and sleek Mercedes and was sped away.

Musing on plans to buy that new yacht.
And oh God he'd nearly forgotten, in Paris and away from the the 'trouble', un nid d'amour on the Rue Lafayette - for his latest 'fille de joie'.
Life was so easy, now the future had been secured by the 'little people'- he grinned in smug satisfaction.

Anonymous said...

Yeah, easy to see, they don't even hide it any more.
All the top players in the Euro crisis are Goldman Sachs plants.
Next, the bank of England gets a GS stooge.

Oldrightie said...

"Next, the bank of England gets a GS stooge."

In the pipeline, of course. Probably friends with Bliar and his stooge, Cameron.

http://bit.ly/T0PHHm

Needs an internet campaign to stop.

Anonymous said...

"only to have the bank pay the same £100m to the US authorities as a 'fine' to keep the bank's bosses out of jail. "


Yes, breaking the law is now factored in as a 'cost of doing business'.

We should have followed Iceland's example, so far the only country that 'did the right thing'.

DeeDee99 said...

The bankers/EU know that if Greece leaves the Euro and (after a painful couple of years) starts to recover because its tourist industry will become highly competitive again, then Portugal, Spain and Italy will also leave.

The single currency will be a dead duck - and the EU will have failed in its objective to build a European Superstate, governed from Brussels.

These are truly evil people.