Case Jerome Kerviel is really indicative of the financial excesses now turning round and biting its tail ! We realized it was already with the subprime crisis when banks flooding it could make money by lending money at astronomical rates indecent to persons unable to pay. They have months and then months before realizing the extent of damage (several billion euros for each anyway ...).
And now we discover that a small trader of 31 years may play quietly on tens of billions of dollars! Banks have invested huge sums in IT systems that ultimately serve to nothing ...
It is time to put some records straight and teach our banker friends that money does not grow alone. The only people who actually produce wealth are ... workers who add value to goods / services through their work. The others are just moving a lot of money from one box to another with more or less fortunate! It's like poker, once you win, you lose a shot ... but in the end there is always so much money on the table!
Better to invest in SMEs with working people than to lend to insolvent people! (It seems clear view like that, right?)
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