notes from meltdown central

observations from a little desk in the ruins of global capitalism 
Filed under

floodwatch

 

bursting our banks


just when you thought it couldn't get any worse ... woke up this morning to the roar of floodwaters rising in the river a few meters away, turned on the radio and heard that banks worldwide were struggling with yet another disaster.  And just like the muddy, sewage-laden brown water threatening to float our garden away, the mess the  banks are floundering in is totally of our own devising - a simple pyramid scheme gone wrong, not unlike the ever-escalating consequences of decades of carbon emissions now becoming all too apparent, as a quick look out of the window showed.  

Not long ago someone at a party called me a Fat Cat because I work for a bank.  (I'm not the one who has three houses, I thought, but didn't say).  But when you hear Nicola Horlick explaining to her investors that their exposure to the latest scam was actually a good thing because


"I just want to make it clear to investors that even after this, they they would have done extremely well, relative to anything else they could have invested in,"

well, you really can't blame people for hating us.  


Filed under  //   bursting our banks   fat cats   flood watch   horlick   pyramid  

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