Interview with an investment banker

Just in case you missed it. Investment bankers bet and speculate. In other words they are making money with money. When the banking world was about to collapse because the bet on packets of junk bonds, and were about to be caught out on it they changed their tack. They now bet and speculate on Oil and Food. This means that honest hard working New Zealanders like you and me have to pay through the nose for basic necessities so that a very small group of extremely greedy people can buy condo’s in Hawaii. This is how John Key made his 50 million dollars ladies and gentlemen.

If it wasn’t such a serious subject it would be funny.

If you want to know who this portrays than you have to look no further than the North Island.

The very man who wants to be the next prime minister, John Key made his money with this kind of speculation. According to his own website he was head of the European Bonds and Derivatives department during his tenure with Merrill Lynch.
This is excactly the trade that is now causing the worldwide subprime crisis and the collapse of the financial companies that so many hard working kiwis have put their money in.

Is this the man you want as the next prime minister?

According to the writer of Brasscheck TV:

Yes, it really is this bad

Another example of humor that is deadly accurate.I worked on Wall Street for a few years, elbow to elbow with “top” investment bankers.It was one big casino with the saps in pensions funds and savings and loans (and us) being used to finance the game and cover the losses.

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3 thoughts on “Interview with an investment banker

  1. Pingback: After subprime debacle, U.S. wrestles with question of bank bailouts « Aotearoa: a wider perspective

  2. Hi Robin,

    Copy and paste the link in an e-mail to the person you want this to see.
    It generally automatically becomes a clickable link.

    Cheers

    Evelyn

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