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Old 10-02-2016, 10:35 PM   #61
frankbell
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Bennett Cerf told a story about the banker in a small town who fancied himself an oracle of sorts. Though they ridiculed him in private, the local citizens would come to him for advice, as feeding his ego was gained his good will and his largess.

One day, a local farmer brought in his ungainly, spotty, teenaged son and said, "My boy doesn't know what he wants to be and I am at a loss as to how to advise him. Can you help?"

The banker leaned back, tucked his thumbs into his suspenders (it's an old story), and said, "Certainly, my good man."

He paused for a bit. Then he said, "Here's what we'll do. I will place on my desk a loaf of bread, a Bible, and a bottle of whiskey. Then we'll usher your boy into my office and see how he reacts. If he takes the bread, he is destined to become a tradesman or a farmer. If he takes the Bible, he will lead a life of the cloth. If he takes the bottle--well, that's not a good sign."

The father agreed and they sent the boy into the room.

The boy surveyed the scene, then grabbed the bread and stuffed it in one pocket, jammed the Bible into another pocket, snatched up the bottle, and left the room.

The father, unable to stop himself, burst out, "Oh, no. He's going to be a banker just like you!"

Last edited by frankbell; 10-02-2016 at 10:37 PM. Reason: mistooks
 
Old 10-03-2016, 01:01 AM   #62
hazel
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That's funny. My father used to tell an almost identical joke in which the sage was a rabbi and the boy (who drank the whiskey, pocketed the cash and threw the bible on the floor) was destined to become a Roman Catholic priest
 
Old 10-07-2016, 06:07 PM   #63
cousinlucky
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At least in Iceland crooked bankers go to jail!!

http://www.commondreams.org/news/201...-historic-case
 
Old 10-12-2016, 05:05 PM   #64
Jeebizz
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Wells Fargo boss John Stumpf steps down

Quote:
Originally Posted by cousinlucky View Post
At least in Iceland crooked bankers go to jail!!

http://www.commondreams.org/news/201...-historic-case
"Wells Fargo's chief executive, John Stumpf, is to resign immediately in the wake of a scandal over its sales practices, the bank has announced."

http://www.bbc.com/news/business-37639648

In Murrica, if you're a banker you don't go to jail. You just get to quit and keep what money you already have.
 
Old 10-12-2016, 08:24 PM   #65
frankbell
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Wells-Fargo had a full-page ad in my local paper yesterday--and probably in many other local papers--stating that they no longer have sales quotas for line employees.

Me, I've already moved all my business to another bank. I'm just waiting to verify that everything is copacetic before I close my account.

A lot of this stuff results from the pernicious influence of the "Chicago School" of economists, who made profit and return supreme over every other value, including integrity, civic responsibility, and social consciousness (and conscience). Whenever a "service" (e. g. banking or health care) becomes a product (e. g., sell the customer yet another credit card, how much can I get for that Epi-Pen that I have a monopoly on?), no long-term good can come.

Last edited by frankbell; 10-12-2016 at 08:42 PM.
 
Old 10-13-2016, 06:27 PM   #66
cousinlucky
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The adage that " crime doesn't pay " does not apply to United States bankers as well as a host of others!!
 
Old 10-13-2016, 06:39 PM   #67
Jeebizz
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Quote:
Originally Posted by cousinlucky View Post
The adage that " crime doesn't pay " does not apply to United States bankers as well as a host of others!!
If you have the money, you can get away with practically anything.
 
Old 10-18-2016, 05:11 PM   #68
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Angry Wells Fargo CEO walks with $130 million

"Those cheering the early exit of Wells Fargo CEO John Stumpf may want to hold their applause.

Stumpf opted for early retirement amid controversy, but the longtime bank boss is walking away with around $130 million, according to a CNNMoney analysis of SEC filings. "

http://money.cnn.com/2016/10/13/inve...-compensation/
 
  


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