Oh LOOK who’s had a change of heart. Citibank ex-CEO Sandy Weill, architect of too big to fail and self-described shatterer of Glass Steagall , that’s who. Apparently -- and it took him 40 years to realize this -- it's not a great idea to have unregulated behemoth financial institutions offering retail banking as well as investment banking because itputs the entire world's economy at riskis bad for
I'm just sort of spitballing here, but by any chance, have the banksters started taking more of their compensation in cash, and less in stock? Because they'd be losing a shitload of money if they had shares in these banks, and that's just .... well, it's just not done.
I was wondering where the whole "Sharia Law is coming to eat your children" bullshit campaign came from ... maybe it was banksters pulling the strings, via the countless Koch-funded fountains of teabaggery.
From Wikipedia:
Islamic banking (or participant banking) (Arabic: اÙ٠صرÙÙØ© اÙإسÙا٠ÙØ©‎) is banking or banking activity that is consistent with the principles of sharia law and its practical application through the development of Islamic economics. Sharia prohibits the fixed or floating payment or acceptance of specific interest or fees (known as riba, or usury) for loans of money.
"Besides, I'm running for president, for Pete's sake!"
Query for the Wonkeratti: who the fuck is Pete?
Like Bank of America doesn't...
I'm just sort of spitballing here, but by any chance, have the banksters started taking more of their compensation in cash, and less in stock? Because they'd be losing a shitload of money if they had shares in these banks, and that's just .... well, it's just not done.
I was wondering where the whole "Sharia Law is coming to eat your children" bullshit campaign came from ... maybe it was banksters pulling the strings, via the countless Koch-funded fountains of teabaggery.
God help you if they calculate x, and decide you aren't worth it.
Where's Bernie Madoff when you need him?
With almost all of the money in the hands of the 1%, some new games are called for. (Bernie Madoff was ahead of his time.)
Rarely attempted these days. (It turned out to be surprisingly dangerous.)
OK. I agree. Can we have our money back now?
Oh, you incompetent bankers. This guy is just one mustache and a homely secretary away from being Mr. Dreysdale.
After his statement, Weill floated gently back to earth on his golden parachute.
Rarely attempted these days. (It turned out to be surprisingly dangerous.)
From Wikipedia:
Islamic banking (or participant banking) (Arabic: اÙ٠صرÙÙØ© اÙإسÙا٠ÙØ©‎) is banking or banking activity that is consistent with the principles of sharia law and its practical application through the development of Islamic economics. Sharia prohibits the fixed or floating payment or acceptance of specific interest or fees (known as riba, or usury) for loans of money.
"Besides, I'm running for president, for Pete's sake!"
Query for the Wonkeratti: who the fuck is Pete?
Like Bank of America doesn't...