This economic crash isn’t all doom and gloom, the banks themselves as per usual have found a way to profit from it, by trading against america and the countrys of europe in which they reside and operate. They speculate and profit from the fall in currency value, thats right they want bailing out and while we bail them out, theyre busy finding a way of recuperating some of their losses by profiting from the fall of the currency values here in europe an the usa. I recently spoke to a guy who writes currency trading software who gleefully explained, His department in particular was having record breaking profit weeks, trading on the back of the depletion of currency values, Not enough he explained to make up for the crazy losses of the other fiscally imprudent departments, but hey still profiteering of the carcus of wreckage.

This serves if anything just brilliantly to demonstrate that a countrys government should never bail out any private financial institutions, why ? because as entitys, private banks and financial institutions have one loyalty to themselves and their shareholders in every circumstance even to the detriment of the countrys they operate in, the people working in them have more allegiance to their firms than they do, their countrys. The other truth to be assured of, which im sure theyre pretty clear and honest about, is they do not perceive any ways of making money as being immoral, morality isnt even a question for them.

So there should be no loyalty from countrys to banks, unless as the case maybe in these times, basically the banks own the governments, which is why were bailing them out, because we appear not to have a democratic choice to say no, therefore who is demonstrating their power in this scenario.