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Labour: Bankers Who Don't Like New Rules Are In The Wrong Job

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Saying bankers are in the wrong job because of the rules is like saying the Mafioso are in the wrong job because they don't like paying bungs.

Its not the rules that are the problem...its the very existence of banksters that is the problem. They have no place whatsoever in a functional productivity driven economy. Their business is theft. It has been since their inception.

As Bertolt Brecht put it...what is the robbing of a bank compared to the starting of a bank.

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The 'job' of a banker is to create debt in order to generate profit for his employer- so does the country need quite so many people employed in the debt creation business? I'm not convinced we do.

But it's always amusing to hear the people who crashed the financial system bleat on about the dangers of limiting their ability to repeat the exercise.

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The 'job' of a banker is to create debt in order to generate profit for his employer- so does the country need quite so many people employed in the debt creation business? I'm not convinced we do.

But it's always amusing to hear the people who crashed the financial system bleat on about the dangers of limiting their ability to repeat the exercise.

PRECISELY.

Until politicians either retake the power of money creation from the banksters, or else at least severely modify the fractional reserve system, their proposals do not warrant listening to.

Labour saying 'cap bankers salaries' is immaterial. Its not their salaries that are problematic. Its how they make their salaries.

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Andrea Leadsom, the City minister, responded to Ms Jamieson’s comments by pointing out that there are currently 25 applications for banking licences being processed by the Bank of England. “My key objective is to move away from banker bashing and toward the exciting and innovative ways [the industry is developing],” she said.

(Conservative City minister that is)

From wikipedia

Career before Parliament

Leadsom worked in the financial sector for BZW, Barclay's bank - where she was Financial Institutions Director from 1993 to 1997 - and was Managing Director of De Putron Fund Management (DPFM) between 1997 and 1999. She was Senior Investment Officer at Invesco Perpetual from 1999 to 2009.

Of course there's a multitude of banking licence applications. Who wouldn't given the amount bailouts, bailins, saver theft, fraud and general jiggery pokery etc etc they're allowed to get up to.

Most people would rather the banking "industry" and the word "innovation" were kept quite separate - at least under the current banking system.

Their innovations have already caused enough damage to the UK and to the future of the UK to last many a lifetime.

Edited by billybong

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