Video & Multimedia
Related: About this forumKeiser Report: Fraud & 60 Orgasms (E311)
I also interview the CEO of a solar company operating in Tunisia that is sending energy to Germany via an underwater cable connecting N. Africa with Italy. We discuss the horrible business model that is fracking and how solar and alternative energy can trump oil.
MindMover
(5,016 posts)22,000 investment bankers = 60 orgasms.....
allan01
(1,950 posts)i see a number of these options including power relay satelites . along w solar satelites in geostationary orbit
but . there is the banks , owned by the robber barons.
Amonester
(11,541 posts)I bet they are the same robber barons who own a lot of oil corporations, or they're all in cahoots with each other.
And the regulators.
closeupready
(29,503 posts)nt
JohnyCanuck
(9,922 posts)It seems like there is a new banking scandal everyday now. Every time I think we have heard it all, a new scandal pops up. I think we are all getting used to billions in financial fraud now. Libor scandal this month, rogue trader last month, and the next banking bailout coming in the next few months, when the bankers get themselves in trouble again
But one thing that still amazes me is how we think that Bob Diamond is the one behind all this madness, Fred Goodwin last time or whoever the next CEO is when we unearth similar financial fraud in Lloyds and HSBC next.
As crazy as it sounds, I found myself feeling a little sorry for Bob Diamond this morning. Now normally I would be the last person offering any sorrow to the CEO of a bank, but if the truth be told, Diamond just happened to be sitting on the seat at a time when whoever was sitting on the seat would have had the same fate. Our banking system is designed in a way where fraud is inevitable. Remember, politician wants to get more people borrowing money to push up property prices and the economy just as much as Bob Diamond does.
SNIP
The change will never come when we focus on the CEOs and their jobs. It is easy to get angry about their bonuses and their fraud, but the change has to come from government enforcing structural changes in banking and a cultural shift in what the bank is for.
Lets try to stay focused on what the real problem in banking is.
http://www.positivemoney.org.uk/2012/07/bob-diamond-its-easier-to-blame-him-than-reform-banking-but/