A banking parable
Posted by Jonathan Pearce on Friday, November 4, 2011
Under: Politics
A parable
Lo! And it came to pass that a certain man was prevailed upon by his wife to have built a new kitchen extension unto his home. Loud were her weeping and wailings. Deep were her sighs. Many were the nights that she was just too tired, and extensive, even unto the splitting headaches. Until it became clear to the man that easement of his life would be facilitated merely by the building of a new kitchen extension.
Now in those lands lived a builder and on the white sides of his van were emblazoned in words of fire: -
“Stetson & Six-gun, building contractors. Too big to fail!”
And the man reasoned in this fashion. “Should I not put my trust in this builder and exhort him to build the kitchen extension? Put an end to the weeping and wailing of my wife, the deep sighs, the tiredness at night, Yea! even unto the splitting headaches!” However, for he was a cautious man, he enquired of the builder. “Wilt thou build an extension to my kitchen? Wilt thou make of it a good job, not one that has half a buttock and is like unto the breakfast of a dog?”
And the builder said unto him, “Lo is it not written “Too big to fail” Even unto the emblazoning in words of fire?”
Thus was the man reassured and the builder began work. And the extension became a job that had half a buttock, and all could see that it was like unto the breakfast of a dog. And the builder worked in such a fashion that the house of the man and even the houses of the man’s neighbours began to fall down And the man was wroth and said unto the builder “Dost thou require payment for this catastrophe?”
“Yea!” replied the builder, “and also a bonus, for is it not written “Too big to fail” Even unto the emblazoning in words of fire?”
The man was taken aback and asked what would happen if the bonus failed to be paid. “Then,” threatened the builder, “I shall go and build in another country.”
At this the man and his neighbours became fearful. “Pay the bonus, even though our houses are falling down, else he will go and build in another country!” So the bonus was paid and the man, his wife and neighbours became forced to live in tents within the precincts of a great Cathedral. The builder however laughed all the way to the mattress under which he intended to hide his money for, said he, “Store up treasure in a bank? No, for I have certain knowledge that those establishments harbour brigands, bandits, thieves and robbers far more subtle and cunning even than I!”
(I’m not sure what the moral is, but if bankers are mentioned there can’t be any morals.)
In : Politics