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Ear to the Ground

So God Made a Banker

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Posted on Feb 12, 2013
David Ohmer (CC-BY)

Praise be to MarketWatch columnist Brett Arends, who has written a biblically funny sendup of the finance industry.

Brett Arends in MarketWatch:

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

So God made a banker.

God 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 God made a banker.

God 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.”

Read more

—Posted by Peter Z. Scheer.

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