Friday, November 6, 2009

Investment Bank Scammers Try Out the God Angle

After giving free markets a bad name, investment banks are turning to religion. These guys really have no shame.

They pose as free marketeers when every penny they make is propped up by government, and now they want to invoke the good words in the Bible to justify their scamming. IB's are now hitting the churches of London, before they divvy up this year's loot. It is an attempt to do what they do best, confuse great truths with their scams.

Barclays Plc Chief Executive Officer John Varley stood at the wooden lectern in St. Martin-in-the- Fields on London’s Trafalgar Square last night and told the packed pews of the church that “profit is not satanic,” reports Bloomberg.

“Is Christianity and banking compatible? Yes,” he said in an interview after the speech in the 283-year-old church. “And is Christianity and fair reward compatible? Yes.”

Varley joins Goldman Sachs International adviser Brian Griffiths and Lazard International Chairman Ken Costa as London bankers who’ve gone into London churches in recent weeks and invoked Christianity to defend a banking system that critics say has created wealth and inequality in the U.K, Bloomberg continues.

“The injunction of Jesus to love others as ourselves is an endorsement of self-interest,” Goldman’s Griffiths said Oct. 20, his voice echoing around the gold-mosaic walls of St. Paul’s Cathedral, whose 365-feet-high dome towers over the City, London’s financial district. “We have to tolerate the inequality as a way to achieving greater prosperity and opportunity for all.”

Yes, the words are true, but in no way does this mean God is endorsing the scammetry of the IB's. There are ten commandments that need to followed while making money. Something the IB's need to be reminded of the next time they enter church.

One wonders if when the Bible was written that perhaps Jesus knew this day was coming and was really warning about false profits.


  1. Ah, the Anglican Church, otherwise known as the Church for King Henry VIII's genitalia.

  2. Shame? A bunch of global usurers and thieves lectures the "goyim" on Christian ethics, while picking them clean at the same time. The real shame is to swallow that.

  3. This is one of my favorite EPJ posts ever. It can't hold a candle to the oligarch one, but then again what could?

  4. Reminds me of Islamic banking. Searching Scripture for biblical warrants is a career for some. Why must banking practices pass the Jesus calculus?

  5. Great post, Bob.
    My computer is acting up so I couldn't link it but will..

    The only Biblical text the bankers should be focusing on is the one about "dens of vipers," "those do their good works to be seen of men"
    "money changers,"
    extortioners," and " the parable of the rich man and lazarus."