Quote:
Originally Posted by casstony
Take care not to focus on the little fish guys. While we're all prone to greed in varying degrees and often have ourselves to blame, young families are faced with difficult choices due to the banker/politician inspired real estate bubble. Youngsters are faced with the prospect of paying huge rents or taking out a huge loan.
Collectively we are conditioned to consume, we are not taught about responsible money management and we know nothing about market cycles. The banks take advantage of our ignorance, turning individuals into debt slaves and white-anting the foundation of our economy. I choose to blame the puppet masters, not the little fish.
Note the barefaced lies and deceptions from the ANZ CEO on 4 Corners. He knows he's directly responsible for the unsustainable debt of the nation and individuals yet he feigned innocence.
More than one US president has made a statement to the effect that the banks are more dangerous to a nation than standing armies. A large part of that danger stems from the fact that damage banks do is unseen until it's too late.
|
Exactly. Banks definitely can share their fair proportion of the blame for the current financial situation. Banks have always had an elitest culture , self regulated and they know the Government has always got their backs particular the Big 4.
Cheers
Julian.