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    As if a vanilla IPO or bond issue or bank loan is rocket science ??

    Anyone well trained professional can do this.

    Only reason why IB dominates this is cause they have a monopoly as they control the political classes.

    Real F'g joke seeing these wannabe junior poofter bankers losing their cool at the merest hint of criticism over their wwnak fantasies.

    Don't take bailout if you are that good.

    Pieces of c**p
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    Surprisingly retarded responses to a very stupid point given that this is an IB forum.

    Investment banking provides economic contribution on so many levels that it takes a genuine moron to claim that it doesn't.

    It also takes an equally big moron to reply saying 'who cares, I want to make money.'
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    Even more stupid since due to the bailout - IB is a net DRAG in the economy.

    only a coward or a hard core brownoser denies this undeniable fact
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    right on Cue: ....... the ubiquitous chip on the shoulder obligatory wannabe banker .

    what did I tell you

    hahaha
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    the gdp is = C + G +I + (X-M). Mate, you've mixed up GDP with aggregate demand
    I know there are a lot of cut throat contributers to this particular thread who would love to give any poor mortal a tongue lashing but switching away to educational purposes - what is the measurement of GDP?
    KEY...
    Y = GDP

    C = Consumer Spending

    I = Investment made by industry (INVESTMENT BANKERS???)

    x - m = Excess of Exports over Imports

    G = Government Spending (MASKING THE REST OF THE CONTRIBUTING FACTORS WHICH MAKE UP GDP)
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    (Original post by Acerbic)
    CDOs and CDSs were the key ****-toys of sub-prime mortgages, which as you say were at the heart of the most recent crash, and are so often at the heart of financial crashes. So thanks for incoherently repeating what I already said. And I blame the bankers who lobbied for decades to remove regulatory bills like the Glass-Steagall act from american law. The banks were the makers of their own downfall, and the investment bankers were the greedy stooges running the floors and dousing the soon-to-be-burning house with oil.
    You can't blame the banks, the problem is the capitalist system it works freely and openly and for it to work correctly requires no government intervention, the main flaw with the system is that some people gain and others lose out constantly....
    If there were so many regulations.. it would result in long term job loses and government revenue which is used to pay for your public service as many firms would be inclined to go somewhere less regulated recently Barclays and HSBC have been talkin about a possible move of there HQ resulting definite loss in government tax and losses in empolyment..
    There is also a economic theory.. if people worked for there own interest and gain, then everyone benefits as it is an incentive... plus investment bankers work hard to get into such a position and you got to realise there salaries are taxed 50% in the UK....
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    (Original post by Iqbal007)
    You can't blame the banks, the problem is the capitalist system it works freely and openly and for it to work correctly requires no government intervention, the main flaw with the system is that some people gain and others lose out constantly....
    If there were so many regulations.. it would result in long term job loses and government revenue which is used to pay for your public service as many firms would be inclined to go somewhere less regulated recently Barclays and HSBC have been talkin about a possible move of there HQ resulting definite loss in government tax and losses in empolyment..
    There is also a economic theory.. if people worked for there own interest and gain, then everyone benefits as it is an incentive... plus investment bankers work hard to get into such a position and you got to realise there salaries are taxed 50% in the UK....
    Have you been in a coma for the last three years? Banks have caused the deepest financial crisis for a hundred years. (Incidentally, the crisis referred to a hundred years ago was a banking crisis too.) The problem is that the capitalist system generates crisis after crisis, for which ordinary people pay the price. Bad bank debts generated through short termist greed, and often encouraged by neoliberal governments, are converted in government debts. Governments and markets then have the cheek to say that spending needs to be cut. Avarice leading to the punishment of the people. It's bloody indefensible, and to defend it on the grounds that bankers work hard is pathetic. Serial killers work hard, but we don't laud them for the dead bodies they create.
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    (Original post by Acerbic)
    Have you been in a coma for the last three years? Banks have caused the deepest financial crisis for a hundred years. (Incidentally, the crisis referred to a hundred years ago was a banking crisis too.) The problem is that the capitalist system generates crisis after crisis, for which ordinary people pay the price. Bad bank debts generated through short termist greed, and often encouraged by neoliberal governments, are converted in government debts. Governments and markets then have the cheek to say that spending needs to be cut. Avarice leading to the punishment of the people. It's bloody indefensible, and to defend it on the grounds that bankers work hard is pathetic. Serial killers work hard, but we don't laud them for the dead bodies they create.
    You can't blame banks its the worlds fault for relying on the capitalist system the USA created... banks are not the problem as they were following the system... Also you should realise the crisis last for a year or 2, but over the periods the economy as grown due to banks being able to invest firms and being able to provide cash when required....
    Bankers work is not pathetic.. you should try and meet these people because all they do is work hard from gcse getting top grades, not socialising the going to top unis and getting first and getting past the recruitment which is immensly competitive for investment banking... then working crazy hours, they hav no time for family or friends get about 6 or less hours of sleep a day... its very hardwork
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    (Original post by Maggieffc)
    Surprisingly retarded responses to a very stupid point given that this is an IB forum.

    Investment banking provides economic contribution on so many levels that it takes a genuine moron to claim that it doesn't.

    It also takes an equally big moron to reply saying 'who cares, I want to make money.'
    This is the point. The OP is not asking a question, he's stating his opinion strongly and using subjective and emotive terms such as "corrupt". The only person who would do this is someone whose mind is closed to logical arguments against his point of view.

    He doesn't understand what investment banks are, or what they do, yet he has decided to form an extremely strong opinion about them. These are the calling cards of an idiot. Hence people are replying with stupid posts to wind him up, because intelligent posts are wasted words.
 
 
 
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