Friday, June 26, 2009
While walking my dog early this morning, I saw all my neighbors who work in finance very chipper as they headed for work. Banks are very busy pushing loans to close before the quarter ends on June 30th. They will report great earnings and pat themselves on the back with bonuses which they think they deserve, but we know they don't. After this "comeback" quarter, the economy will lapse back into a coma this summer. Bankers know how to strike when the iron is hot, and they really know how to get paid! They know how to rip off the consumer and they know how to overpay themselves. America is a great country! Nothing has changed. They may have been humbled for a couple of months, but they are now as arrogant as ever. Those that still have jobs that is.