So G-d made a banker

And on the eighth day G-d looked down on his planned paradise and said, “I need someone who can flip this for a quick buck.”

So G-d made a banker.

G-d said, “I need someone who doesn’t grow anything or make anything but who will borrow money from the public at 0% interest and then lend it back to the public at 2% or 5% or 10% and pay himself a bonus for doing so.”

So G-d made a banker.

G-d said, “I need someone who will take money from the people who work and save, and use that money to create a dotcom bubble and a housing bubble and a stock bubble and an oil bubble and a commodities bubble and a bond bubble and another stock bubble, and then sell it to people in Poughkeepsie and Spokane and Bakersfield, and pay himself another bonus.”

So G-d made a banker.

G-d said, “I need someone to build homes in the swamps and deserts using shoddy materials and other people’s money, and then use these homes as collateral for a Ponzi scheme he can sell to pensioners in California and Michigan and Sweden. I need someone who will then foreclose on those homes, kick out the occupants, and switch off the air conditioning and the plumbing, and watch the houses turn back into dirt. And then pay himself another bonus.”

G-d said, “I need someone to lend money to people with bad credit at 30% interest in order to get his stock price up, and then, just before the loans turn bad, cash out his stock and walk away. And who, when asked later, will, with a tearful eye, say the government made him do it.”

G-d said, “And I need somebody who will tell everyone else to stand on their own two feet, but who will then run to the government for a bailout as soon as he gets into trouble — and who will then use that bailout money to help elect a Congress that will look the other way. And then pay himself another bonus.”

So G-d made a banker. 

Again, targeting different professionals to single them out and bash them sounds like something the Nazis would have done. So let’s pick on some other professions. DO you like (take your pick) plumbers, engineers, doctors, lawyers, your local bartender?  Lets bash them and then we’ll get around to your profession because I’m sure there is someone greedy and unethical in your profession too that tried to live above their means by leveraging and then we can bash the whole profession. Yes, bankers are greedy, but so is everybody else.

Alas, this is what passes as being clever today… take a heartfelt tribute and turn it into a snarky, cynical ad hominem attack on whoever you don’t like politically, but at the end YOU AND ONLY YOU have the power to take control of your own financial future.

In brief, every contract needs two parties and two signatures. If bankers were greedy, people who entered into these contracts at their own free will were too. No money down, zero percent interests, etc.  “don’t bite more than you can chew”

So it comes down to a disciplined and realistic spending habit, self control and maturity. Let’s be smart about money and make it work for us instead of working for money and live in a cyclical never-ending rat race.

Financial education is what CreditCorner offers to its clients.

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