Let casino CEOs run banks!

A friend of mine who used to work for a bank that doesn't exist anymore used to tell me that a banker's real job is actually very very boring. Take deposits, give loans, call on borrowers to ask them to pay etc etc Yes really boring stuff. So when a banker is really bored he dreams of being in exotic places doing exotic things and then allows his in-house trader to design exotic trades and instruments for him. He used to say the only way to add spice to his job was to let bankers gamble selling it as 'financial innovation' which they did and here we are. So I wonder why not let casino CEOs run the remaining banks that are left? They're good at what they do, aren't they? When you go to a casino you always end up losing your money up to your pain point but the point is that the house Never goes bankrupt!! That's way better for the rest of us who are not gamblers, isn't it?

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This thought was posted on Thinkaloo on 14 March 2008 by member goliath

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