LukeSnedden.com

Yes that’s right SAINTS!

Saints are leaders;

“Leaders are engaged, passionate about what they do, and more powerful than anyone else”                                         (Seth Godin “Tribes”).

Wall Street Bankers (WSB) and their associates around the world were (and are) the leaders of the world.

Of the world? Yep, everything they do impacts on the rest of the population. This is why they should be saints.

Name me one thing that a Wall Street Banker has not had an influence on since the beginning of the great depression? That’s right you can’t. Everyone in the first world has dealt with a bank at some stage

• The coffee you are drinking was bought to you because of the Wall Street Banker.
• The job you have was created because of the Wall Street Banker. 
• If you receive a salary you have to have somewhere to keep it safe, your banks strength relied on products created by Wall Street. 
• If you receive a pension, a Wall Street Banker devised a product that the Government could invest in to continue to pay you every week.
• If you manufacture goods for export you need letters of credit to be provided to allow for the goods to be paid for.
• The computer you are reading this blog on, was funded by the Wall Street Banker.
• Even if you were starving in Africa, a Wall Street Banker was organising funding for aid agencies to pay for your food or clean water.
• Charities that provided these staples of life to the third world, still turned profits. They still needed products provided by Wall Street Banker to “maximise returns” to allow them to pay more staff to raise more money.

I could go on, but let me remind you if there was a market they created it.

Greed was the only by product of Wall Street that was not created on Wall Street.

The fuel to the fire was provided by the entire population of the earth, you wanted that house or car or holiday, or you even wanted to buy that bottle of wine on your credit card.

Everyone wanted debt, the knight in shining armor was the Wall Street Banker. They made it easy for investors with piles of money to be connected to people like you and I, people who had an insatiable appetite for debt and spending!

The Wall Street Banker connected the “haves” and the “have-nots” in the world with products that allowed money to flow between the two easily. This money flow created jobs, allowed people to spend more, creating more jobs, and ultimatly allowing inefficencies to be smoothed over. While the money was still flowing, people were happy, if you were crap at your job you could be carried, if you were ok you got promoted and if you were good you were running the show.

At the end of the day you owe your very existence to Wall Street. Praise a Wall Street Banker like family, remember that no matter how much a family member screws up, they are still family!

I hear much wailing and gnashing of teeth; “But the products that the Wall Street Banker produced over the last decade have proved to be failures! And they have lead to the complete failure of the worlds financial systems!”  

The products that these Wall Street Banker have been selling are not new (the first CDO was issued in 1987), and they have always failed at some point. They will be back because the Wall Street Banker are leaders and the masses need charismatic leaders, and leaders are able to exploit the masses.

They will be back, because the masses are stupid and can be sold anything!