GFC

“Banking” and “crisis”.

Go together like a horse and carriage.
There is a reason for that. Whenever there are economic losers there are often winners as well. As a result, there are those who press for reform and those who, lacking the maturation process of loss, cry “again, Daddy, again!”

Why pretend that we do not know the cause? Because if we admitted the cause, banking would become a public service, regulated at every level. Guaranteed not to fail. With no competitors, because crisis and banking go together!

Few jobs for “professionals” as there would be very little “judgement required”. Less excitement and fewer FIRE jobs, but safe.

We like it so.

http://www.independent.ie/opinion/columnists/martina-devlin/martina-devlin-were-living-in-a-wasteland-because-we-like-it-that-way-2129258.html

There are two sides. Those who make money from banking and those who lose. Whose side are you, dear reader, on?