Here’s the thing, dear worst-reader. Does Morgan Stanley actually have $3.2 billion to pay a fine? I mean, does it have that much cash? And if it does, would it use that cash for something as silly as paying a fine? Or would it use it to pay an exec another bonus? Which brings me to the question: where does this “news” come from about a bank paying a huge fine with money it probably doesn’t have? I mean, what’s the point of publishing this as “news”? Well, let’s go deeper, shall we? Morgan Stanley doesn’t have money in its bank account anymore for paying fines. Bet you didn’t know that, did you? No. And the reason for that is simple. Morgan Stanley has your cash to pay fines. So is that the “news” that should be reported? Probably not. And here’s why. While you were galavanting around your whole life buying all that krapp you don’t need on credit that keeps you a slave your government combined with a few private sector big-shots have been laughing their asses off watching the minions of the so-called “middle-class” have an orgy dance of ignorant bliss. These bankers and government stooges got you to vote for their ideals, they got you to hate liberals, they got you to believe the lies of taxation and representation, they got you hating each other because of race, migration, religion, etc., etc. Indeed. They got you. And now that they’ve are able to combine investment bank assets/liabilities with retail banking assets (i.e. your savings and personal investments) every greed mongering bank has enough money to pay fines. It’s just not the banks money. Now that’s worst-news! Of course, the other side of the coin is nothing more than the same type of bank across the Atlantic. So while Morgan Stanley pays its silly little fines–that amount to nothing more than a tax write-off–Deutsche Bank is doing the same thing but instead of fines it’s in über-debt because of Euro-greed. Yeah, baby. Rant on. -T
Links that motivated this post:
worstwriter 