damian 0 Posted December 9, 2003 Share Posted December 9, 2003 This warms my heart. What a nice thing to say of the worlds early bankers. It is good that some things never change. Quote: An Investment Banker: “...a man of known wealth, known integrity, and known ability is largely entrusted with the money of his neighbors. He represents a certain union of pecuniary sagacity and educated refinement which is scarcely found in any other part of society”. Walter Bagehot “A Description of the Money Market” 1873 Thank you , Walter. Link to post Share on other sites
miteyak 0 Posted December 9, 2003 Share Posted December 9, 2003 It's good to know satire was, and still is, alive and kicking... Link to post Share on other sites
Ocean11 0 Posted December 9, 2003 Share Posted December 9, 2003 Bagehot also had the same sort of thing to say about the British Royal Family too. And look at them now... He was just a Bagehot air. Link to post Share on other sites
damian 0 Posted December 9, 2003 Author Share Posted December 9, 2003 Quote: Originally posted by minisack: It's good to know satire was, and still is, alive and kicking... Hi minisack, nice to see you come out of the woodwork to be unkind. Link to post Share on other sites
MistaSparkle 0 Posted December 9, 2003 Share Posted December 9, 2003 someone has been really into autofellatio lately... Link to post Share on other sites
sweetaz 0 Posted December 9, 2003 Share Posted December 9, 2003 ok completely stuffed that up....no comment Link to post Share on other sites
Siren 0 Posted December 9, 2003 Share Posted December 9, 2003 Is the winter so hopeless now we have to talk about investment bankers? C'mon db even you can do better than that. Link to post Share on other sites
damian 0 Posted December 9, 2003 Author Share Posted December 9, 2003 Quote: Originally posted by MistaSparkle*: someone has been really into autofellatio lately... At least I can. Link to post Share on other sites
MistaSparkle 0 Posted December 9, 2003 Share Posted December 9, 2003 Link to post Share on other sites
big-will 7 Posted December 10, 2003 Share Posted December 10, 2003 Thats far too nice a description. Bankers must have been different back then Link to post Share on other sites
Siren 0 Posted December 10, 2003 Share Posted December 10, 2003 Yeah, before db joined Link to post Share on other sites
slimeypete 0 Posted December 11, 2003 Share Posted December 11, 2003 Bankers are all such nice people. Intelligent, kind, considerate, sexy.... The "Best Of" people Link to post Share on other sites
kintaro 0 Posted December 11, 2003 Share Posted December 11, 2003 A bank is a place where they lend you an umbrella in fair weather and ask for it back again when it begins to rain -Robert Frost Link to post Share on other sites
grungy-gonads 54 Posted December 12, 2003 Share Posted December 12, 2003 impolitely ask for it back again Link to post Share on other sites
damian 0 Posted December 13, 2003 Author Share Posted December 13, 2003 Quote: Originally posted by Kintaro: A bank is a place where they lend you an umbrella in fair weather ... what kind of idiot would borrow an umbrella in fair weather? Link to post Share on other sites
Siren 0 Posted December 13, 2003 Share Posted December 13, 2003 Because he knows the price of umbrella will fall. Link to post Share on other sites
damian 0 Posted December 13, 2003 Author Share Posted December 13, 2003 if he thought the price of umbrellas was goingto fall then he would have been short, not long borrowed. Link to post Share on other sites
Siren 0 Posted December 13, 2003 Share Posted December 13, 2003 Ha but in Japan (and probably a few other places) you can't simply short. Link to post Share on other sites
damian 0 Posted December 13, 2003 Author Share Posted December 13, 2003 The usual folly - shorting equities is easy. Japan is the same as most developed country exchanges. Shorting is fine on a set list of securities, shorts only executed on an uptick, normal margin requirements. Umbrellas are no different. Link to post Share on other sites
Siren 0 Posted December 13, 2003 Share Posted December 13, 2003 I don't agree but let's not bore others. Link to post Share on other sites
damian 0 Posted December 13, 2003 Author Share Posted December 13, 2003 last word. Link to post Share on other sites
damian 0 Posted December 13, 2003 Author Share Posted December 13, 2003 *#&@! Link to post Share on other sites
Siren 0 Posted December 13, 2003 Share Posted December 13, 2003 This is beginning to look like Monty Python but my last 'OK' was a genuine 'OK' Link to post Share on other sites
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