Every 8-15 years the Banks run out of money, then the government gives them more of our money, then we give them more of our money out of our paychecks...So, we get a car loan or a home loan, then the bank gets an insurance policy to back up there loan of your purchase, and realistically, they are more happy that you will probably blow it, so that way they can collect insurance money from your default and then...this is a big then...sue you and garnish your wages, we call that the double whammy around here.
That sounds like the best thing ever actually! I mean really, how big of a scum bag do you have to be, to bet on not IF but WHEN someone will fail to make full payments on their mortgage or car loan or credit cards or if there bank account goes a $.03 negative...I mean, I will take bets like that, but usually at a much smaller scale, albeit it is usually not if the person will succeed, but more likely if they will fail.
Now for me, it’s funny and I make or pay out $5. I made a bet with one of my students of not IF but WHEN this person would be kicked out of school. We both knew him well enough to know that it was a WHEN situation. Sure enough, i had to pay my fellow student $5 because he got kicked out one week too soon for me to win...still kinda pissed about that...lol!
But, here is a major issue; Banks have been doing this kind of shit for fucking years. I bet if I felt like writing a book on the absolute retarded nature of Banking & Insurance i would find out that John Dillinger worked for Bank of America and also got to collect on Insurance monies after the other guys banks got robbed. Because the insurance industry is backed by individuals, or sometimes even larger entities and it can't be all coincidence that Chicago is the Insurance Hub of the world...now that i have said that i am a bit more pissed.
Right now, we have Chase banks going up every three feet from each other, not because they really need more Chase banks, but probably more to do with all of the bailout funds they received, and they'll be God Damned if they actually help out the people who pay for their existence. I mean, why help out the economy, when you can stimulate your own or something like that.
I mean, if they are building a new chase branch, they are proving that the economy is back on track, or more realistically, they are hoping that you will have confidence to put your capital into their bank so they can blow it on some really stupid ideas like "credit default swaps" & “mortgage backed securities” because those are backed by insurance companies, until said insurance company takes a shit, and then when that happens, it is backed by a governmental organization or central bank or both or other countries or other currencies or us again.
So...now we are looking at all these awesome ideas out here, I have some money in my hand, not much let’s say, $1000, but my landlord doesn't take cash, so i need to get a bank account, so, i go get a bank account, they say. "mr bliss, you need to keep a $25 positive balance in your account at all times or your account will accrue a $75 a min fee." i say "okay mr bank man, i understand how it works, because ummm...you know...i actually don't, but, you know, i will do my best." So your rent is a $976 but the bank said, "you must keep $25 positive or pay the feeeeeee...oooooooooo" so i'm like "fuck it, i need a place to live, and i will have that other $1000 put in the account 3 minutes after it is paid" So, you get a nice $225 fee! so, awesome to be banking!
Now, that same fucking bank that took your money & charged you a $225 convenience fee lent it to some random hobo that said, "i need a $3,000,000 mortgage to smoke crack out of" the bank said, "do you have a pulse? are you a mammal? you're approved!" because the bank had that mortgage backed up by an insurance company betting on when it would default, and then you had the biggest of fuck faces of the investment world Hedge Fund managers at Goldman Sachs say, "hey i think it will default in far less time, but in the mean time, i heard there are these real knob jobs in Greece that want some of this horrid option action" so the bank said, "that’s awesome, because i have the insurance companies to back this all up!" so they chest bump each other and do some coke off of Michelle Obama & some generic pretty white lady politician.
Now, mean while, you have a president of a country in which i live in says, "we must bail out, the banks." we all look at each other like "what the fuck is he talking about?" then he says "my good buddies at Goldman Sachs are here to help." and were all like "yeah, they sound fancy, lets role with that" then we hear that GM is in financial trouble, but then we find out it’s because they are treating there horrible cars like they are some odd investment for their retirement plans and GMAC’s lending of money to crack head based mortgage vehicles for all to drive...no pun was intended, but unfortunately it fits here. So, we bail there bitch asses out, and now they debut all these new cars, that are made and designed in Germany.
So, we are listening to all of these knob job lunatics talking about..."we have no money! we need more money! we know all of our rich fucking uncles won't give it to us because he's a dick and even though he and 20 of his other friends control 85% of all the wealth here in the US, he's a dick and won't give it to us...i mean, it’s why he elected us into this office." so we say "okay, but what’s in it for us, this seems to be a continual crisis here, i mean, this has been going on for well over 160 years and you keep fucking us every 8-12 years like clockwork." so the banks, insurance companies and government officials say...
"You have our confidence and we promise we will continue to blow it every 8-15 years like clockwork" and we turn around and say, “can i still get this sammich, i'm kinda hungry?" they reply...."ummmmm, sure…?"
The End.