Banking Inquisition

I find the recent regulation and spotlight on banks and all forms of financial institutions extremely overdone. The public out of jealousy and envy have stereotyped all bankers and banks as demons and demonic institutions respectively. It has put the public as "Us" and bankers as the "Others". Therefore if bankers are outsiders, they therefore must be banished for the safety of the general public.

The effect hence has been twofold 1) That of reversion of traditional banking- that of borrowing and lending on that spread 2) The sudden recollection of old stalwarts of banks.

Hence the effect has therefore been the further entrenchment of prevailing interests. The traditional due to the lack of direct experience in recent financial developments are unable to grapple with new movement have taken decidedly Either/Or approach- either the "old" or the "new". Hence with their recent revival- it would therefore be unsurprising that they would prefer to the traditional- with the resulting outcome of a perpetuating their own interest.

Hence in order to justify the reversion back to the traditional, the legitimation process hence is three-fold 1) fear-mongering, and a scuttling back to security 2) demonizing of the "other"- which is the bank" 3) lastly a regulation and suspending the movement of banks. Hence thereby justifying the need to bring back the "old" and familiarity.

1) The fear-mongering are often an outright denouncement of all things risky and "fear" words like "cliff", "disaster" and "crisis". Problems always exist- but no deaths have really occurred isn't it.

2) Finding the scapegoat. Banks. we cannot justify a crucifixion unless we can find the enemy- which ultimately is the devilish and risk-taking bankers. Excesses and big pay packages are exposed when quite a number of years- they made quite a number of money for everyone and kept the system going for everyone. If they are devils, the ones that used them are not much better really.

3) Who then can we curbed evil? Restraint them of course and hit them with a big stick. Therefore, banking inquisition then become much televised events.

Lastly who is to fill the vacuum left by the global managers valve of the global monetary system. The old guys of course- just for comfort sake isn't it.

Then of course the inquisition and revival is then complete.