Casino Royal

[Skybird]

Just read that JP Morgan has annihilated 2 billion in less than 6 weeks, in dubious and risky investements.

Over the past weeks, from several countries I read that banks, heavyweights, have fallen back into old patterns. In Germany, consumers complain about being advised even worse and being offered even more intransparent "finance products" (=debts of others) than until 4 years ago - despite a law that demands banks to improve in these regards and tells them that they must fix in writing what they advised their clients. It seems it just has improved their creatitivty to bypass the law and cheat their clients even more underhanded.

It seems the business has not learned anything from the past 4 years of crisis - and the way the casino mentality has done the better part to inflame it. ritics of tighter bank regulations once again have been proven wrong.

Meanwhile, the City of London is brimming with hope for big profits from betting on the Euro to crash. They too have not learned anything.

And just weeks ago the EU central committee wanted to increase it'S budget by 5% and demanded more money from the provinces, because crisis yes or no and austerity plans yes or no - itself it wanted to spend more and increase both its apparatus and fonds. These polit bureaucrats too have not learned anything.

As long as the world does not end completely and the sky falls right onto people's heads: do they ever learn anything at all...? I pull my hairs out when reading reports like this.