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TheCountOfNowhere

Co-Op Bank Losses More Than Double To £611M

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Funny things banks.

No matter how bad things look at start of a crisis, when you tally the books its always a lot lot worse.

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How much does it actually cost to create nothing?

To create FIAT money out of thin air?

Then charge for it.

Then make a loss doing it.

Banks are the worst run businesses, the least talented, the most derelict of any responsibility.

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How much does it actually cost to create nothing?

To create FIAT money out of thin air?

Then charge for it.

Then make a loss doing it.

Banks are the worst run businesses, the least talented, the most derelict of any responsibility.

Or an indication of how screwed the current world monetary system is.

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How much does it actually cost to create nothing?

To create FIAT money out of thin air?

Then charge for it.

Then make a loss doing it.

Banks are the worst run businesses, the least talented, the most derelict of any responsibility.

Its the two biggest costs as usual...Salaries and Properties.

Watching a baking competition last night, was a team of top chefs from the city of london...secret restaurants serving the wealthy firms of the city...Banks of course, paying their mates the lawyers top dollar, paying top dollar for IT, indeed, paying top dollar for everything that is demanded to have a say...base staff...not so much.

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