The Mudcat Café TM
Thread #118605   Message #2565425
Posted By: pdq
12-Feb-09 - 07:03 PM
Thread Name: BS: Ah Bless. Bank bosses say sorry
Subject: RE: BS: Ah Bless. Bank bosses say sorry
Conventional banks did not cause the problem.

Investment bankers are a different animal and are accustomed to huge returns that are, in the long run, unreasonble

George Soros has made about 20% return on investments and that includes his whole career back to 1969. 20% per year!

The "big oil" companies actually make a real tangible product and return only 5% to 6% per year, although Exxon-Mobil made 9% for a short time, it got them "bad press" as a result.

The "investor class" is an elite bunch, many like Bernie Madoff are outright crooks. They also have far too many "friends " in our government who share their profits and make sure that the "light of day" does not shine on these parasites.