Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Bankers ’caused credit crisis for kicks’

Why else would the banksters blow up the known world?
Hubris I believe the ancient Greeks called it.

Bankers ’caused credit crisis for kicks’

” . . .
In Blood on the Trading Floor: Waste, Sacrifice and Death in Financial Crises, Dr Crosthwaite claims his anthropological study of investors and traders found evidence of an element of masochistic satisfaction in running up losses.

He maintains that the crisis was the modern equivalent to the traditional Native American practice of “potlatch”, a ritual ceremony in which the chiefs of rival tribes competed to destroy ever greater quantities of their own possessions as an expression of power and importance.
. . . “