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View Full Version : Study shows that bankers are a drain on society



mosquito
13th December 2011, 01:43
I've just found, via David Icke, this Daily Mirror report of a very long overdue study !

'Rich bankers can today be exposed as a ­huge drain on society... ­costing the rest of us £8.40 for every £1 they produce. A study by think-tank the New Economics Foundation found the average banker destroys ­£42million a year in value while creating just £5million.

Meanwhile hospital cleaners on £6.26 an hour are worth £10 for every £1 they cost because they prevent superbugs, saving the economy a fortune.

The shock figures fly in the face of claims that bankers like Barclays boss Bob Diamond – paid £4.4million in 2010/11 – are worth vast ­bonuses because of their ­contribution to the economy. Their drain on the country is caused by the cost of bailing out banks brought to their knees by the credit crunch and the ­devastating impact of the ­crisis their recklessness caused.'

Here's the Mirror article :

http://www.mirror.co.uk/advice/money/2011/12/11/bankers-cost-each-one-of-us-8-40-for-every-1-they-produce-study-shows-115875-23626708/

TargeT
13th December 2011, 02:40
now there's a study I can get behind..

modwiz
13th December 2011, 02:44
I wonder how much this study cost? If anything is ever done to address the problem, it will be worth every penny.

jackovesk
13th December 2011, 02:56
Also its important to remember if you deposit $1,000 of your own hard earned into a Bank, they can in turn lend out $10,000 + Interest..!

Not forgetting the massive interest rates they charge on Credit Cards & Personal Loans, etc...

...and to add insult to injury

What about the Free Money they got from the Bailouts - 0 Down + 10 X..!

I'd like a bit of that action..!

What a SCAM..!