BNP Paribas Chairman's Confidence Statement worries me.
Living in France I do my local banking through an account with BNP Paribas. Yesterday's statement by that bank's Chairman, linked here, does not however give me any cosy warm feelings in my tummy.
A banker telling me not to worry is about as consoling as a Central Banker declaring there is no problem with the Euro nor Quantatitive Easing, and about as believable as a politician when seeking votes and pretending he has your best interests at heart, when he and his party have a long track record of doing the exact opposite.
Unhappily there seems nothing I can now do to regain that lost feeling that money is real, all I see argues the opposite, but also offers no sane alternatives to merely plodding on!
A banker telling me not to worry is about as consoling as a Central Banker declaring there is no problem with the Euro nor Quantatitive Easing, and about as believable as a politician when seeking votes and pretending he has your best interests at heart, when he and his party have a long track record of doing the exact opposite.
Unhappily there seems nothing I can now do to regain that lost feeling that money is real, all I see argues the opposite, but also offers no sane alternatives to merely plodding on!
Labels: Bank Crisis
posted by Martin at 11:00 AM
2 Comments:
Be very, very worried.
"Unhappily there seems nothing I can now do to regain that lost feeling that money is real, all I see argues the opposite, but also offers no sane alternatives to merely plodding on!"
My feeling exactly.
Post a Comment
<< Home