of drinking buddies and OWS
it's a sad day when you finally realise your "drinking buddies" aren't real buddies at i'm glad i won't have to spend any more money on my own birthday, as i've done over most of my birthdays.
OWS protesters are some of the dumbest people in the world. do they know what they want??? frankly if our function was pulled out of the banks, all the commodity trade flows in the world would stop because no trading house would trust each other. you wouldn't have bread, orange juice, gas, electricity, bacon. yes, even BACON.it's like all these hours i put in at work comes to nought because some people think everyone who works in a bank is a fat cat. i may be fat, but i'm not a pussy. try telling that in my face and i will shit on yours. if you were a true liberal you'd believe in free markets (WHICH INCIDENTALLY APPLIES TO HR MARKETS AS WELL, BTW.) bankers work on a low base pay and variable bonus. i don't prefer this model but it works because people have incentive to meet their budgets (and the more we lend out the faster the economy can recover, stupids). if you're gonna take the bonus away from us, a lot of smart people will leave the banking industry and put banks in an even more fragile position. people with banking experience are well sought-after in other finance-related jobs (especially since every company has a finance team). it is broad-based and numbers-intensive. you leave the banking to the dumber people and you will get fucked even worse than before (and btw, there are only a handful of IBs with trading desks big enough to hurt the american economy. most other banks earn their money the hard way: attracting deposits, analysing credit, and loaning that money out for interest payments. it's not glamorous for the most of us, and if you think you're punishing the investment bankers when you protest bonuses, you're not. you're punishing the compliance people who ensure money-laundering activities are regulated and reported, you're punshing risk analysts who ensure the deposits you put with us come back to us at the stipulated time, and you're punshing business-enablers who finance real trade flows and infrastructure building, without which the loan markets would go crazy and there'll be a lot of blood on the streets, literally. (when people don't pay up because nobody bothered to analyse the creditworthiness of the loan.)
OWS protesters are some of the dumbest people in the world. do they know what they want??? frankly if our function was pulled out of the banks, all the commodity trade flows in the world would stop because no trading house would trust each other. you wouldn't have bread, orange juice, gas, electricity, bacon. yes, even BACON.it's like all these hours i put in at work comes to nought because some people think everyone who works in a bank is a fat cat. i may be fat, but i'm not a pussy. try telling that in my face and i will shit on yours. if you were a true liberal you'd believe in free markets (WHICH INCIDENTALLY APPLIES TO HR MARKETS AS WELL, BTW.) bankers work on a low base pay and variable bonus. i don't prefer this model but it works because people have incentive to meet their budgets (and the more we lend out the faster the economy can recover, stupids). if you're gonna take the bonus away from us, a lot of smart people will leave the banking industry and put banks in an even more fragile position. people with banking experience are well sought-after in other finance-related jobs (especially since every company has a finance team). it is broad-based and numbers-intensive. you leave the banking to the dumber people and you will get fucked even worse than before (and btw, there are only a handful of IBs with trading desks big enough to hurt the american economy. most other banks earn their money the hard way: attracting deposits, analysing credit, and loaning that money out for interest payments. it's not glamorous for the most of us, and if you think you're punishing the investment bankers when you protest bonuses, you're not. you're punishing the compliance people who ensure money-laundering activities are regulated and reported, you're punshing risk analysts who ensure the deposits you put with us come back to us at the stipulated time, and you're punshing business-enablers who finance real trade flows and infrastructure building, without which the loan markets would go crazy and there'll be a lot of blood on the streets, literally. (when people don't pay up because nobody bothered to analyse the creditworthiness of the loan.)