Barclays Unintended Irony
By Barry Ritholtz - December 16th, 2009, 9:33AM
Hat tip: Scott F
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
December 16th, 2009 at 10:09 am
Donno if you spotted the last frame:
Bank On Substance……….add an ‘ing’ and an ‘s’ and you got a whole new irony.
December 17th, 2009 at 1:16 am
This is such a classic add. We now KNOW beyond a shadow of a doubt how INSUBSTANTIAL the world of finance is. The whole point of banks housing themselves in grand classic Latin architecture structures was to misdirect the public into thinking that they were terribly safe, conservative and durable institutions.
The last thing they want is the public to pay full cognizance to the fact that they exist at the sufferance of their depositors, are allowed to lend ten times as much as they have on deposit, in doing so creating new money out of thin air and will happily give the money to any fool esp. if they can play pass the parcel profitably today, forget about tomorrow.
If only my career advisor had explained all this to me properly.