Once upon a time banking was a staid though honest profession. Then the wide boys took over. We have all been sickened by the avarice , meanness and pure unadulterated self serving greed that has come to symbolise the banking sector.
What is more, they have got us all by the short and curlies. Currently there is little that can be done without kow-towing to the bastards. Savers get a pitiful return while borrowers are charged loan-shark rates.
But things are changing. The old adage that necessity is the mother of invention has come to the fore and there are a host of small companies setting up to enable what has become known as micro-finance or peer to peer lending. It is revolutionary and it works.
I look forward to the day when the likes of banker boys start looking nervously over their shoulders and start worrying about their jobs like the rest of us poor suckers have had to do because of their incompetence and greed.
Then there are the assorted European Bailouts. High farce if there ever was. If it were not so serious the whole thing would be utterly hilarious.
Here are my posts on Finance, Banking and Micro Finance. I have not placed the micro finance company Kiva in here. Posts about Kiva are listed in my Foreign Aid page.
Does A Dead Cat Bounce? If Named Footsie?
Banking Foreign Aid and Pensions
Gordon Brown to Head IMF
The Best ISA is not an ISA
When PIIGS have wings
A Business Banking Rebellion
The Bankers Achilles Heel
The PIIGS Who is Next?
The Euro Crisis. Relying on Germany