A Master of the Universe writes.....

Discussion in 'The Intelligence Cell' started by Blogg, May 4, 2010.

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  1. Doing the email rounds today. Quite sweet really. :twisted:

    "We are Wall Street. It’s our job to make money. Whether it’s a commodity, stock, bond, or some hypothetical piece of fake paper, it doesn’t matter. We would trade baseball cards if it were profitable. I didn’t hear America complaining when the market was roaring to 14,000 and everyone’s 401k (i.e. retirement savings plan) doubled every 3 years. Just like gambling, its not a problem until you lose. I’ve never heard of anyone going to Gamblers Anonymous because they won too much in Vegas.

    Well now the market crapped out, & even though it has come back somewhat, the government and the average Joes are still looking for a scapegoat. God knows there has to be one for everything. Well, here we are.

    Go ahead and continue to take us down, but you’re only going to hurt yourselves. What’s going to happen when we can’t find jobs on the Street anymore? Guess what: We’re going to take yours. We get up at 5am & work till 10pm or later. We’re used to not getting up to pee when we have a position. We don’t take an hour or more for a lunch break. We don’t demand a union. We don’t retire at 50 with a pension. We eat what we kill, and when the only thing left to eat is on your dinner plates, we’ll eat that.

    For years teachers and other unionized labor have had us fooled. We were too busy working to notice. Do you really think that we are incapable of teaching 3rd graders and doing landscaping? We’re going to take your cushy jobs with tenure and 4 months off a year and whine just like you that we are so-o-o-o underpaid for building the youth of America. Say goodbye to your overtime and double time and a half. I’ll be hitting grounders to the high school baseball team for $5k extra a summer, thank you very much.

    So now that we’re going to be making $85k a year without upside, Joe Mainstreet is going to have his revenge, right? Wrong! Guess what: we’re going to stop buying the new $80k car, we aren’t going to leave the 35 percent tip at our business dinners anymore. No more free rides on our backs. We’re going to landscape our own back yards, wash our cars with a garden hose in our driveways. Our money was your money. You spent it. When our money dries up, so does yours.

    The difference is, you lived off of it, we rejoiced in it. The Obama administration and the Democratic National Committee might get their way and knock us off the top of the pyramid, but it’s really going to hurt like hell for them when our fat arrses land directly on the middle class of America and knock them to the bottom.

    We aren’t dinosaurs. We are smarter and more vicious than that, and we are going to survive. The question is, now that Obama & his administration are making Joe Mainstreet our food supply…will he? and will they?”
  2. yeah right :evil:
    the so called masters of the universe :?
    may find the real world does'nt want them :twisted:
  3. No need to worry. The author most likely had in mind teaching bright and well behaved children in Westchester County rather than the mostly disinterested (but well armed) offspring of third generation junkies in a Bronx public academy.
  4. I'm reminded of a type that used to haunt hotel bars in HK throughout the late 90s and early 2000s. Old hands, convinced that because they'd been successful under 'how things were' that they'd automatically be top of the heap under 'how things are now'. The important thing to remember about them was never to expect that they'd buy their round - they couldn't afford to.

    This chap's falling for the modern fallacy of senior management - that being a specialist in their particular field makes them better at everything than somebody else who's been doing a job for years. What makes him think schools are going to push aside trained and experienced teachers just to let some self-aggrandising wanker who's never stood in front of a class in his life push to the front of the queue?
  5. Firstly, this would be the same lot that in the early/mid 90s could be classified as FILTH - Failed In London Try Hong Kong?

    errr FILTHK doesn't roll so convincingly off the tongue

    Secondly, I thought there was some initiative to bring new blood/graduate/late entry teachers in as there is a lack of trained and experienced teachers?

    anyway, amusing to think of Gordon Gecko teaching 10 year olds economic realities.....
  6. Nah, the ones I'm thinking of were there for longer than that. They could probably be better described as 'enjoyed reasonable success in HK when the cards were stacked in their favour, dipped out once the safety net was taken away' but the acronym is even less tongue-trippy. The parallel I saw was in the assumption that they would always succeed under any circumstances, despite the available evidence showing differently.

    It's true the teaching profession would benefit from an influx of people with real-world experience - but I hardly think this chap's career could exactly be described as 'real world'. I certainly wouldn't want his sort teaching my kids.
  7. Sixty

    Sixty LE Moderator Book Reviewer
    1. ARRSE Cyclists and Triathletes

    This is a valid point though. Your average gambler wouldn't on the whole pitch up at Ladbrokes and whine that:

    'It wasn't explained to me that my money wasn't guaranteed'

    'No-one told me how the investment worked'

    'I never expected it to go down'

    as they'd have too much self-respect and the'd take responsibility for their own mistakes.

    Unlike some of the investing public who are usually the most vociferous about hating the 'nanny-state' but are first in the queue bleating for compensation for their own mistakes.
  8. to be fair.
    a lot of people who should have understood the investments that there banks were making did'nt.
    allegedly goldman sachs was doing some seriously dodgy dealing :evil:
    slighlty worrying that senior managers at various banks had no banking qualifications :?

    still dont get it get bailed out by taxpayers still expect huge bonuses and to be feted for there genius. :x

    bit like trying to pass the hat round for cash on the 19/12 boston the worlds changed :twisted:
  9. Couple problems with the writer.

    First off, passing a series 7 exam doesn't make you a genius.

    Next, car salesmen pull 12 hour days. They don't scare me for loss of my job either.

    also, if you are a blackjack dealer and you take someones money, so be it but, if you are also a gamblers anonymous counselor and a black jack dealer that gets paid from both sides of the fence it's a conflict of interest.

    Wall street wants it every way. If they were just investment bankers, fine.

    But they do:

    Investment banking
    Trading & principal investments
    Asset management and securities services
    GS Capital Partners

    So, they actually advise people what stocks to buy and manage what goes into what 401k, etc. It's under investigation I'm sure but if they advised people to buy the junk they made, then I would think that legality plays into it.


  10. What planet does this master of the universe represent ?
    What he failed to mention was the fact that most city bankers are mentally "burnt out" by the age of 50.
  11. 50 I always thought it was 40! Well that's what my nephew likes to tell me. Maybe he meant Fund Managers, Stock Exchange (spit dirty words).
  12. Whoever wrote that drivel will be a lot less self-assured when the Charlie wears off. I for one can't wait. Any investment bankers who want to pitch up and do some honest work making fence-stretchers and bookcases, or shovelling pig crap, are more than welcome to bring their manicured hands, signet rings and American-bought leisurewear to the workshop or the pig field.

    If any of them lasted a day I would be astounded.

  13. The Banks fcuked up the economy for everyone
    , Sixty. Not just the stupid cnuts who trusted them with their investments. :evil:

    And most of them would'nt last a week in a real job.
  14. Ahh do not get so stressed: written by some wannabee MoU who has not yet clocked that he/she is a complete nobody who has just lucked out.

    Go buy a copy of :

    Extraordinary Popular Delusions and Madness of Crowds (first published 1841)

    and read the section on Bubbles, especially the Tulip Mania of 1624.

    Nothing changes: human nature has always tended to greed, stupidity and near limitless capacity for individual and collective self delusion. It always ends badly.

    No need to buy: here it is:


    "At last, however, the more prudent began to see that this folly could not last for ever. Rich people no longer bought the flowers to keep them in their gardens, but to sell them again at cent. per cent. profit. It was seen that somebody must lose fearfully in the end. As this conviction spread, prices fell, and never rose again.

    Confidence was destroyed, and a universal panic seized upon the dealers. A had agreed to purchase ten Sempers Augustines from B, at four thousand florins each, at six weeks after the signing of the contract. B was ready with the flowers at the appointed time; but the price had fallen to three or four hundred florins, and A refused either to pay the difference or receive the tulips. Defaulters were announced day after day in all the towns of Holland.

    Hundreds who, a few months previously, had begun to doubt that there was such a thing as poverty in the land, suddenly found themselves the possessors of a few bulbs, which nobody would buy, even though they offered them at one quarter of the sums they had paid for them. The cry of distress resounded everywhere, and each man accused his neighbour.

    The few who had contrived to enrich themselves hid their wealth from the knowledge of their fellow-citizens, and invested it in the English or other funds. Many who, for a brief season, had emerged from the humbler walks of life, were cast back into their original obscurity. Substantial merchants were reduced almost to beggary, and many a representative of a noble line saw the fortunes of his house ruined beyond redemption."
  15. My bold - It would seem that our Intelligence Services profited by many bored with Canary Wharf and it's environs by taking up 'fast tracked' slots in their world.