Article

2010-10-25 Economy

Bankers derived 'erotic thrill from credit crunch'

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Posted by tipper 2010-10-25 15:08|| || Front Page|| [11132 views ] Top

#1 It is probably far more mundane. It's long been noted that the brains of gamblers are stimulated far more when they lose than when they win.

But I doubt that bankers would appreciate being compared to some ignorant trailer park po'bucker pulling on the lever of a quarter slot machine.

Posted by Anonymoose 2010-10-25 15:27|| 2010-10-25 15:27|| Front Page Top

#2 I fail to see how banksters could get an erotic thrill from collapsing their own institutions. Now on the other hand, when they total up the proceeds from the bets they made on the short side...well then, who the hell needs little blue pills?

Posted by Ricky bin Ricardo (Abu Babaloo) 2010-10-25 16:23|| 2010-10-25 16:23|| Front Page Top

#3 Glad someone had a good time.

Posted by Iblis 2010-10-25 17:19|| 2010-10-25 17:19|| Front Page Top

#4 When you see something completely wrong like this The bankers who brought the global economy to its knees two years ago may have enjoyed the sensation of losing hundreds of billions of pounds and plunging the world into recession, according to Paul Crosthwaite of Cardiff University. you know the rest of the article is just as likely to be bunkum.

The decision to mess up the economy was made by the regulators who wanted as much credit as possible to cover over the cracks (money velocity problems) caused by their taxation of earnings.

Posted by Bright Pebbles 2010-10-25 17:51|| 2010-10-25 17:51|| Front Page Top

#5 Beat me, hurt me, make me short Yuan futures! Ummmm .... no

Posted by DMFD 2010-10-25 18:57|| 2010-10-25 18:57|| Front Page Top

#6 Banksters didn't lose money in the collapse. You have to understand that only we lost money. It's the same thrill that Tony Montana gets when he hoses down his rivals with an AK-47. The same thrill a wolf gets when it rips out the throat of a sheep.

Posted by gromky 2010-10-25 20:03|| 2010-10-25 20:03|| Front Page Top

#7 what a crock. Only an academic could get paid for such an incredibly stupid "study". Sigh.

Like Gromky said the banksters didn't lose the money, they made it when the packaged and sold the loans. They weren't left holding the bag. But then one would not expect an academic to have such a deep (scoff) level of insight into the crisis.

I suppose on some level, the young buck banksters should have known it was unsustainable and that their jobs could be lost when it all came tumbling down. But that was tomorrow and they were living high for today.

Whatever we paid in taxes for this study was too much. Can we get a refund?

Posted by Martini 2010-10-25 21:28|| 2010-10-25 21:28|| Front Page Top

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