BS: 'How the Banks Never Lose'

Subject: BS: 'How the Banks Never Lose'
From: GUEST,Jim Martin
Date: 29 Aug 08 - 07:50 AM

Very good prog on Channel 4 'Dispatches' series last Mon:

http://www.channel4.com/news/articles/dispatches/how+the+banks+never+lose/2425927

Subject: RE: BS: 'How the Banks Never Lose'
From: GUEST,Jim Martin
Date: 29 Aug 08 - 07:54 AM

In the prog, the poor interviewer attempted to interview with all 5 big banks and all refused, this tells us how accountable they are (not) to us!

It's high time we ditched them and support Credit Unions which are much more user friendly and accountable, perhaps we wouldn't be in the mess we are now?

Subject: RE: BS: 'How the Banks Never Lose'
From: Mr Red
Date: 29 Aug 08 - 09:56 AM

I was trying to explain this to a colleague who trades currency in a small way ($10,000 is small?)

It is not a zero sum equation. They (banks or whatever) take a cut to pay for the processing. The problem is that banks have learned from the crooks. Crooks (the crooks) eat into the margins. The crooks (the banks) claw it back, from you.

If there is no complaint, there is no misdemeanor. You want to argue? - find someone who is bigger than them.

Subject: RE: BS: 'How the Banks Never Lose'
From: Donuel
Date: 29 Aug 08 - 10:26 AM

We use the same creit union as Senator Obama.

Problem is, they closed all their branches outside DC.

Subject: RE: BS: 'How the Banks Never Lose'
From: McGrath of Harlow
Date: 30 Aug 08 - 05:25 PM

The Banks are made of Marble...

Not too much changes.

Subject: RE: BS: 'How the Banks Never Lose'
From: GUEST,Truth
Date: 30 Aug 08 - 06:56 PM

Quite a weak program since it dodged all the real issues.

The reason the banks never lose is that they lend out the same £100 8-10 times so it doesn't really matter if some people never pay them back as there still quids in from those that did – how else do you think they can afford all those credit write offs? It's no longer real money.

And where do they get 8-10 times more money? Simple, they just print some more (that's where inflation comes from) and use the magic of fractional reserve banking.

Don't fall into the illusion that money has any real value anymore and if it does it safe to say it won't have any by the time the bankers have finished playing with it.

Subject: RE: BS: 'How the Banks Never Lose'
From: GUEST,Jim Martin
Date: 01 Sep 08 - 04:26 AM

refresh

Subject: RE: BS: 'How the Banks Never Lose'
From: kendall
Date: 01 Sep 08 - 07:49 AM

And the worst of all is the Federal Reserve. Andrew Jackson saw the potential for evil way back when, and when he tried to eliminate it, the fat cats tried to destroy him.

Subject: RE: BS: 'How the Banks Never Lose'
From: GUEST,Truth
Date: 01 Sep 08 - 01:35 PM

The Federal Reserves only escape is a new currency, and surprise surprise, as if by magic, up comes the Amero (google it). Another coincidence.

If that fails then they intend to put the US under martial law and it will likely descend into another civil war. Congress has met in secrest session to discuss plans.

See http://justanothercoverup.com/?p=521 and links therein

Let's hope they don't get Iran involved in WW3 to try and cover their tracks.

Subject: RE: BS: 'How the Banks Never Lose'
From: GUEST,Jim Martin
Date: 02 Sep 08 - 06:43 AM

Sorry, 'Truth', I don't agree. I think the programme made it only too clear - that we're being screwed left, right and centre by the banks and that it's high time we tell them where to get off!

Subject: RE: BS: 'How the Banks Never Lose'
From: A Wandering Minstrel
Date: 02 Sep 08 - 07:09 AM

Seem to recall Jon Heslops memorable lines:

Far away in the marble city
Where there's neither love nor pity
The bankers drink whenever they can
they get drunk on the blood of the common man...

Subject: RE: BS: 'How the Banks Never Lose'
From: GUEST,leeneia
Date: 02 Sep 08 - 09:46 AM

'In the prog, the poor interviewer attempted to interview with all 5 big banks and all refused, this tells us how accountable they are (not) to us!'

I have a response to this which has nothing to do with finance or with the ethics of banking. My response is that I would never agree to an interview by a television person either. I know too much of what those people can do to an unsuspecting interviewee.

Just one example: they send out an interview who is obviously hostile. He snarls questions, hardly gives the person time to think, cuts him off, etc. Then for the TV program, they substitute questions asked in a courteous, reasonable manner. Result: you look nervous, jumpy - i.e., guilty.

I read about this in the Kansas City Star, a major newspaper. I have no trouble believing it.

Besides, which one person would a huge bank choose who would be knowledgeable about all its operations?

Subject: RE: BS: 'How the Banks Never Lose'
From: Riginslinger
Date: 02 Sep 08 - 08:03 PM

"He snarls questions, hardly gives the person time to think, cuts him off, etc. Then for the TV program, they substitute questions asked in a courteous, reasonable manner."


                  Don't tell Bill O'Reilly about this.

Subject: RE: BS: 'How the Banks Never Lose'
From: GUEST,Jim Martin
Date: 02 Sep 08 - 10:06 PM

Quite agree 'leeneia' but the banks should be accountable for their actions in bringing about what seems to be a global recession.

Subject: RE: BS: 'How the Banks Never Lose'
From: GUEST,leeneia
Date: 03 Sep 08 - 11:46 AM

Certainly.

I just wanted to make the point that refusing to be interviewed is not automatically an admission of guilt.