gotsnowgotslush
skates like Eck
- Joined
- Dec 24, 2007
- Posts
- 25,720
We had the young men, and their sneers. We had the hysteria, or" irrational exuberance." The Madoff scandal was sickening, but so was what posed as legitimate.
Wonderful, for those that are alllowed to do as they wish.
It was so disheartening, to see happy, young, relaxed, cheerful tellers, turn into drained, lifeless, half dead, grey skinned, zombies, within months. The banks were buying up other banks, and the lowest people on the rungs were paying the price of the cost with their health, their lives, their future.
McJobs with Wells Fargo did not work out any better, in the past few years.
This week, my laugh was rueful. The propaganda to persuade people to use ATM machines Less human labor, less cost. Savings passed down to you, the consumer!
A few bilion a year, causually scooped. ATM fees are very profitable.
"...throughout the Obama years, Republicans and right-leaning market analysts steadfastly refused to mark the Obama presidency to the market, or vice-versa. The stock market was rising because interest rates were low, because it was all a giant bubble, because companies were brilliant at finding new ways to profit, because of Silicon Valley innovation. How absurd to think that the stock market is some kind of report card on the president!l
"And here we are again. Never mind the immense gains in the stock market over the last eight years, or the eight years of economic expansion, or the record string of monthly job gains. Now that there’s a Republican in the White House again, Mnuchin’s simple-minded analysis goes, we’re really going to have prosperity. And it will all be due to the brilliance of the 45th president."
http://www.slate.com/blogs/moneybox...ump_credit_for_stock_market_boom_on_cnbc.html
Wonderful, for those that are alllowed to do as they wish.
It was so disheartening, to see happy, young, relaxed, cheerful tellers, turn into drained, lifeless, half dead, grey skinned, zombies, within months. The banks were buying up other banks, and the lowest people on the rungs were paying the price of the cost with their health, their lives, their future.
McJobs with Wells Fargo did not work out any better, in the past few years.
This week, my laugh was rueful. The propaganda to persuade people to use ATM machines Less human labor, less cost. Savings passed down to you, the consumer!
A few bilion a year, causually scooped. ATM fees are very profitable.
"...throughout the Obama years, Republicans and right-leaning market analysts steadfastly refused to mark the Obama presidency to the market, or vice-versa. The stock market was rising because interest rates were low, because it was all a giant bubble, because companies were brilliant at finding new ways to profit, because of Silicon Valley innovation. How absurd to think that the stock market is some kind of report card on the president!l
"And here we are again. Never mind the immense gains in the stock market over the last eight years, or the eight years of economic expansion, or the record string of monthly job gains. Now that there’s a Republican in the White House again, Mnuchin’s simple-minded analysis goes, we’re really going to have prosperity. And it will all be due to the brilliance of the 45th president."
http://www.slate.com/blogs/moneybox...ump_credit_for_stock_market_boom_on_cnbc.html
