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Thursday, 4 December 2008

Arrogance of banks

Has anyone else received a guide from their bank on surviving the recession? I received one this morning entitled "Trading through the Economic Downturn".

I was expecting some advice from the bank's own experience but I have scanned it from cover to cover and they seem to have kept the advice that really worked for them to themselves. As they seem inexplicably shy about revealing their best tip, I thought I had better do it for them:

The banks' real approach to trading through the downturn:

"Gamble everything to make sure you get your bonuses and then ask the taxpayer to bail you out."

Am I missing something?

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