God Made a BANKER....

[presence]

Did you catch the Super Bowl "God Made a Farmer" ad for Dodge Trucks?
http://www.youtube.com/watch?v=AMpZ0TGjbWE



http://grist.org/list/these-god-made...he-real-thing/
These ‘God Made a Farmer’ parody ads are much, much better than the real thing



http://articles.marketwatch.com/2013-02-06/finance/36936876_1_bubble-bailout-money-god

So God made a banker
Commentary: A commercial for the next Super Bowl?
February 06, 2013|Brett Arends
Shutterstock.com

To be read in the voice of Paul Harvey...






And on the eighth day God looked down on his planned paradise and said,
“I need someone who can flip this for a quick buck.”
So God made a banker.

God said, “I need someone who doesn’t grow anything or make anything
but who will borrow money from the public at 0% interest
and then lend it back to the public at 2% or 5% or 10%
and pay himself a bonus for doing so.”
So God made a banker.


God said, “I need someone who will take money from the people who work and save,
and use that money to create a dotcom bubble and a housing bubble and a stock bubble
and an oil bubble and a commodities bubble
and a bond bubble and another stock bubble,
and then sell it to people in Poughkeepsie and Spokane and Bakersfield,
and pay himself another bonus.”



So God made a banker.


God said, “I need someone to build homes in the swamps and deserts
using shoddy materials and other people’s money,
and then use these homes as collateral for a Ponzi scheme
he can sell to pensioners in California and Michigan and Sweden.

I need someone who will then foreclose on those homes,
kick out the occupants,
and switch off the air conditioning and the plumbing,
and watch the houses turn back into dirt.
And then pay himself another bonus.”

God said, “I need someone to lend money to people with bad credit
at 30% interest in order to get his stock price up,
and then, just before the loans turn bad,
cash out his stock and walk away.

And who, when asked later,
will, with a tearful eye, say the government made him do it.”

God said, “And I need somebody
who will tell everyone else to stand on their own two feet,
but who will then run to the government for a bailout as soon as he gets into trouble —
and who will then use that bailout money
to help elect a Congress that will look the other way.
And then pay himself another bonus.”


So God made a banker.

also:

The Super Bowl “God made a farmer” ad has been fixed
http://americablog.com/2013/02/god-m...-ad-fixed.html
AMERICAblog (blog) ‎- 14 hours ago
The popular truck commercial that ran during the Super Bowl has been corrected. It now includes non-white farmers.

[BAllen]

I like the Parody better. They should have added Archer Daniels Midland to the ad.

[thequietkid10]

In a word, FAIL FAIL, FAIL.

There is nothing wrong with providing a service (a lump sum of money) in exchange for a fee (interest). Capitalism 102.

[acptulsa]

"I guess there is no two races of people in worse repute with everybody than the international bankers and the folks that put all those pins in new shirts."--Will Rogers

There is nothing wrong with providing a service (a lump sum of money) in exchange for a fee (interest). Capitalism 102.

You act like all bankers are the same.

'All I know is [money's] easier to print than to make by work.'--Will Rogers

[thequietkid10]

You act like all bankers are the same.

Your acting like charging interest on a loan and foreclosing when the loan isn't paid is a ban thing....

[No Free Beer]

if anyone knows anything about advertising (which is my major), you all know that commercial was nothing short of genius.

[TheGrinchWhoStoleDC]

In a word, FAIL FAIL, FAIL.

There is nothing wrong with providing a service (a lump sum of money) in exchange for a fee (interest). Capitalism 102.

Where in capitalism 102 does it say that you can create money and make loans out of thin air, without having any money to back it up. Where does it say that all risk of this practice should be eliminated with central banks to keep it afloat?

If we had full reserve banking, then them making loans with their own cash (or even other's cash) would be no problem, but fractional reserve banking is a total ponzi scheme and adds absolutely nothing to society, it merely leaches off it by taking interest on loans on money that they've created out of literally nothing.

10 minute cartoon on how fractional reserve banking works

(ETA: oh and of course this doesn't even scratch the surface on the Fed)

[Original_Intent]

In a word, FAIL FAIL, FAIL.

There is nothing wrong with providing a service (a lump sum of money) in exchange for a fee (interest). Capitalism 102.

You fail big time. The thing that makes being able to loan money at interest valid is the very idea that it is a store of value that you had to work to create. Creating a promissory note out of nothing and charging interest on it is vlearly fraudulent to anyone who understands "Capitalism 102". And the points made in :God made a banker" are completely valid - they have no remorse about foreclosing on someone that gets in over their head, but then when they have made bad choices, they are "too big to fail" and "the global economy depends on them" and they run to the government to get bailed out - all the while giving themselves bonuses that the likes of us can only imagine.

Get a clue before you open your pie hole.

[green73]

http://www.youtube.com/watch?feature...&v=EUzMPlQb2G4

[thequietkid10]

Where in capitalism 102 does it say that you can create money and make loans out of thin air, without having any money to back it up. Where does it say that all risk of this practice should be eliminated with central banks to keep it afloat?

If we had full reserve banking, then them making loans with their own cash (or even other's cash) would be no problem, but fractional reserve banking is a total ponzi scheme and adds absolutely nothing to society, it merely leaches off it by taking interest on loans on money that they've created out of literally nothing.

10 minute cartoon on how fractional reserve banking works

(ETA: oh and of course this doesn't even scratch the surface on the Fed)

That wasn't what the parody was about though. The our current banking system is evil doesn't mean banking is evil.