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cashinmattress

Financial Crisis Caused By Too Many Bankers Taking Cocaine

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David Nutt, the former Government drugs tsar sacked after claiming that horse riding was as safe as taking ecstasy, has said that the banking crisis was caused by too many workers taking cocaine.

Prof Nutt said that too many bankers who took the drug were “overconfident” and so “took more risks” and said that not only did it lead to the current crisis in this country, but also the 1995 collapse of Barings bank.

He said cocaine was perfect for their "culture of excitement and drive and more and more and more", adding: “Bankers use cocaine and got us into this terrible mess. It is a 'more' drug."

Ahh Davit Nutt. Sacked by disgraced p0rn loving and expense pilfering ex-MP Jacqui Smith no less.

How dare somebody say that most recreational drugs are no worse than booze. Not in alcohol soaked Britain!

Well, from the bars and parties I've been to in the past involving the financial guys, the cocaine part is very spot on.

Giving somebody under the age of 30 a few million quid of other peoples money to gamble on takes something a bit more than reckless behaviour to overcome natural risk aversion.

Edited by cashinmattress

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Ahh Davit Nutt. Sacked by disgraced p0rn loving and expense pilfering ex-MP Jacqui Smith no less.

How dare somebody say that most recreational drugs are no worse than booze. Not in alcohol soaked Britain!

Well, from the bars and parties I've been to in the past involving the financial guys, the cocaine part is very spot on.

Giving somebody under the age of 30 a few million quid of other peoples money to gamble on takes something a bit more than reckless behaviour to overcome natural risk aversion.

No, they were just psycopaths.

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Ahh Davit Nutt. Sacked by disgraced p0rn loving and expense pilfering ex-MP Jacqui Smith no less.

How dare somebody say that most recreational drugs are no worse than booze. Not in alcohol soaked Britain!

Well, from the bars and parties I've been to in the past involving the financial guys, the cocaine part is very spot on.

Giving somebody under the age of 30 a few million quid of other peoples money to gamble on takes something a bit more than reckless behaviour to overcome natural risk aversion.

Fat Jacq has enjoyed a few Turkish woodbines in her time and I'm damn sure they aren't the foulest thing she's ever bitten down on.

Substance abuse and bankers? I've often wondered how the senior management at Barings couldn't spot Nick Leeson and his mates as wrong 'uns. In every photo I've seen they look hollow-eyed and unsteady on their feet, shifty and wasted at the same time. Who in their right mind would give these desperate chancers forty million quid every month?

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Was there much Cocaine about in the 1920s also? Or any other bubble for that matter?

Cocaine, violent video games, porn, guns, anything but blame the actual people doing the crimes...

Dunno?

Coca Cola removed cocaine from the recipe ca. early 1900's.

Really though, if you took the cocaine out of banking you'd see a veritable exodus of Canary Wharf and City of London financial types to Wall Street or elsewhere.

Same goes for mandatory and random drug testing in the industry.

Will it happen? Doubt it.

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They were the addictive psychopathic selfish type that we let get into power. The money they were given led to the cocaine. There's probably something minor in his claim though. I have heard that the long hours these bankers supposedly worked was often powered by snow.

Edited by cica

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People took risks because they knew the taxpayer would pick up the bill. I'd take crazy risks if I was protected from my own actions.

What a rock and roll lifestyle...gambling,drugs and drink plus a fabulous salary (no talent required)

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Was there much Cocaine about in the 1920s also? Or any other bubble for that matter?

Cocaine, violent video games, porn, guns, anything but blame the actual people doing the crimes...

In a 1936 Charlie Chaplin film, "Modern Times ", he accidentally ingests "white nose powder" and goes crazy after. I guess so.

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Fat Jacq has enjoyed a few Turkish woodbines in her time and I'm damn sure they aren't the foulest thing she's ever bitten down on.

:blink::lol:

Remember kids - say no to drugs!

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Taking drugs is generally safe.

Taking drugs AT WORK is very stupid.

Taking drugs then DRIVING is suicidal.

Taking drugs then ebaying is financially crippling.

Edited by RufflesTheGuineaPig

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  • 238 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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