Banks remain with their worst practices now is Greece going back to put in evidence. They are functional to themselves rather than their clients. Is blame regulators (or lack thereof) or entities? Many times I wonder if the people were not vista or accused, if not steal millions from a bank if you have paved access to the treasure. Global States have saved the banks to avoid more serious than the financial disasters. Or at least it is what have us believe.
But bankers have returned to their bad practices: more unscrupulous speculation and more awards and wages more equivalent to times of extreme bonanza than at times of adjustment, especially when they have been saved by taxpayers pockets, and that if not for them, their banks had probably disappeared, as well as their jobs. It seemed the more pure Hollywood film. Bankers taking oath as defendants in court, vowing that they said truth, their own, who do not always agree with the actual, written in books (not accounting). The Presidents of Goldman Sachs (NYSE:GS), JPMorgan (NYSE:JPM), Morgan Stanley (NYSE:MS) and Bank of America (NYSE:BAC) standing before the Commission of inquiry on the financial crisis in Washington. The four horsemen of the Apocalypse ruled out accusations, blame economic cycles, to the imponderables of crises, to the inevitable, almost to the misfortune of the stars. Do not speak of acts of God, rebuked him the President of the Commission, Phil Angelides, already tired of the economic misticismos of Lloyd Blankfein, head of Goldman Sachs, addressing the accusations. The crisis is the result of the actions committed by men and women, Angelides lectured him. The same thought of the street, local and international with regard to these bankers who have not learned nor seem to have valued the effort both taxpayers and Governments, Governments that now carry heavy debts, partly caused by cheating investors and States, make-up accounting and legal scams.