One for all you secret world gov fans:
Linky
virgincrude wrote:And here he's pretending to cry with the rest of us over the failure of the banking system to control the unwinding of banking as we know it. Is he pretending to suffer?
Why should any of us care one iota what this creep has to say?
All of us - countries, corporations and consumers - have neglected basic principles.
U.K.’s Rothschild group, one of the world’s leading investment banking organizations, has posted record results. The bank has been able to maintain its very strong performance again this year, despite the credit crunch, economic slowdown and the threat of a U.S. recession, with investment banking and corporate banking businesses both producing record revenues.
BlueGhostNo2 wrote:One for all you secret world gov fans:
Second, power is global and has shifted out of the institutions we created to make it subject to the rule of law, away from the national state onto the global stage. That is where big business is, where Citigroup is and that is where al-Qa'ida is as well. They are there because of essentially one thing – it is a lawless space, a place where regulations are too weak to govern. So one of the challenges of our age is bringing governance to that global space. Thirdly, states are increasingly inter-dependent. You cannot ignore what goes on in a far away country of which we know little and seem to care less. If you do then you will find death and destruction delivered to your most iconic cities. Everything is now connected.
virgincrude wrote:vtsnowedin; "to cavalierly dimiss him based on his sir name alone is very petty of you."
You think I dismiss him because he's a 'sir'? Do you know anything at all about the Rothschild bankers (banksters?)
Have you read what he (supposedly) wrote?
it is condescending clap-trap, written for who-knows-what reason, since he represents one of the world's foremost banking family dynasties. He has the gall to have his comments published, saying bankers find it hard to say sorry, but failing to apologise himself, and saying we've lost a sense of ethics blah blah blah and basically putting the blame on everybody but his own colleagues, or himself.
Whether he was a sir or not, whether he was born with the silver spoon in each orifice of his body, he is a creep.
Like shakespeare1 points out: "By the way, it seems his bank is doing just fine. I can only guess why that is true as "All of us" are hurting.
shakespear1 wrote:Anyone who has followed closely the discussion regarding this Financial Tsunami will know that this statement is a bit rich.
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All of us - countries, corporations and consumers - have neglected basic principles.
When he says "All of us", he must be trying to talk to a kindergarten, because that is a very sweeping generalization of who is responsible for this mess. Reading what he says there is really no sense trying to figure this out but just go forward and act ( let the tax payer bail the financial barons). They got plenty from the Treasury.
Then he says that the auto industry need to take the bitter medicine which was not up for offering to the banking giants. Bailing out the banking industry was OK but we need to dump the blue collar industry.
By the way, it seems his bank is doing just fine. I can only guess why that is true as "All of us" are hurting.
Profit
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U.K.’s Rothschild group, one of the world’s leading investment banking organizations, has posted record results. The bank has been able to maintain its very strong performance again this year, despite the credit crunch, economic slowdown and the threat of a U.S. recession, with investment banking and corporate banking businesses both producing record revenues.
virgincrude wrote:In case you hadn't noticed, it is banking, bankers and banking practises which have brought the world to the brink of an abyss most economists are calling a severe depression, a global systemic melt down. To have one of the world's foremost representatives of the banking system (in it's worst manifestation i.e banking for the elite, by the elite,) weakly write of a break down in ethics and oversight is like listening to G.W Bush say he has no regrets after overseeing the bankrupcy of his own nation.
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