Monday 29 August 2011

Top Banks Confront Leaner Future by Cutting Jobs - NYTimes.com

Banks became irresponsible businesses by not assuming responsibility for their actions. They embraced gambling and many are simply fronts for organized crime and money laundering operations.

The efforts of government and banks in the building of a country housing bubble, a gambling casino for property, shows how stupid and irresponsible this genertion of young American so called educated bankers were despite the lessons of the Texas bailouts of the 1980s, and possibly they realized that they would be bailed out as this habit of bailing out and gambling in housing and construction sectors persists even to today!

It's thecwidespread prevalence of socially sick and addictive processes such as gambling and fighting that make areas of America so inhospitable today!

http://www.nytimes.com/2011/08/29/business/top-banks-confront-leaner-future-by-cutting-jobs.html?_r=1&nl=todaysheadlines&emc=tha2

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