The Americans got it all wrong again

They said big banks that are too big to fail are bad. They are not going to have anything that is too big to fail. Now they have passed another bill of historical proportion since the Great Depression to rein in the free wheeling of Wall Street. They are not going to let their supertalents do as they pleased, to make millions and billions for their organizations and for themselves. This is going to be disastrous as their supertalents will be head hunted to use their talents elsewhere. How stupid can the Americans be? Two wrongs don’t make a right. All their funds will flock to enlightened city like Singapore to do their businesses. Their supertalents will set up bases here. In fact many have already came to this free wheeling financial centre of the East that will soon rival New York and London. And some of the bright financial engineers will do a big merger and acquisition just like Prudential trying to take over AIA. Now, if they do something like this, to create the biggest global bank in the world, they are likely to succeed. Our govt is likely to give them the full blessing. And we will join in the fornication for having the biggest global bank in the world, with no more DBS, UOB or OCBC, maybe no Standard Chartered and HSBC as well. All is one. And it will be a roaring success, a role model bank for the world to salivate. Of course the bankers will be the best paid employees in the world, and be allowed to continue with their free wheeling and dealing operations. It will be so impressive that all the big banks in the world will be dwarfed. Imagine, I am already wet at the thought of it, the biggest global bank operating from here, and the major shareholders are Singaporean entities. We will indeed become the freest and biggest financial centre in the world, the centre of the world. A fleeting dream in Alice's Wonderland.


Wally Buffet said...

"I am already wet at the thought of it"


Redbean, only women gets wet. Men gets elected. Sorry, erected. A hard on, so to speak.

Isn't it strange that while the rest of the crooked capitalistic west are set to scale down the size of their banks that we are thinking of bloating ours?

Soon, when the three local banks amalgamate into a "giant" Singapore bank, we may still be pea size when the Chinese start doing the same with their three biggest banks. But when any of these entities fail, I am taking cover brother because the consequences would be apocalyptic.

Anonymous said...

Just thinking that Sg will be the richest country in the world is going to keep many hard on all the time. No need for aphrodisiacs and enhancing drugs. Yr hearts must be able to take it though.

Anonymous said...

Many will be wet too ! Especially with influx of angmo, it will thrill the look west ladyfolks.

Matilah_Singapura said...

The big banks are a global phenomenon.

Govts (all of them) and the big banking cartels have a very cosy relationship --- they both need each other to function.

Both the the Dems and the Reps are -- as collectives -- tools of the banking and other powerful corporate interests like the military-industrial complex.

Now I know I'm coming off sounding like a "conspiracy theorist" here. Not at all. These have been spontaneous relationships -- no one actually sat down and engineered these relationships. It all started with the universal idea that the state was somehow a sort of "legitimate" entity, and entitiled to have absolute power in a given territory. The way to get the people "on side" was to bullshit them into believing that if they vote for a govt to control the state, then in that way "the people are in-charge" of their countries.

The ruse continues to work and any person or group who seeks absolute power should learn the Machiavellian ways and master them.

Nicolo Machievelli's "The Prince", Baltazar Gracian's "The Art Of Worldly Wisdom" and lately Robert Green's "The 48 Laws Of Power" (redbean: these great books are available on the usual site -- ide to help yo monytize your blog) should be studied, critiques, discussed and understood if anyone wants to learn about how to manipulate great masses of people and how you can profit from mass fear, hope and the promise of a "better future".

Unfortunately, the public school system doesn't encourage these books in the school curriculum. ( no prizes for guessing why)

Machiavelli's "The Prince" is still today -- 600 years after it was published -- on the Catholic Churches banned books list.

Chua Chin Leng aka redbean said...

Matilah, Machiavelli was standard reading in PS101. Read that 30 years ago. Army officers used to read it during Keng Swee's era.

Chua Chin Leng aka redbean said...

And Wally, what are you thinking?

I am wet from cold sweat.

Matilah_Singapura said...

Shakespeare was standard reading in almost all school literature programs. But there is a difference between simply reading and understanding what the fuck it is all about, as well as real world practical applications of that knowledge – i.e. The Art.

The way you responded to my post illuminates your unswerving faith in the public education system or in the SAF’s own education program – without seeing the deeper and broader implications of the course material spoon-fed to you by your tyrannical authority figures.

Your faith, your peril :)

Chua Chin Leng aka redbean said...

Matilah, I read The Prince as a PS student. And we were supposed to critic, look at its relevance, the good and bad. Or at least that was what we tried to do.

We didn't read it like reading Lady's Chatterly's Lover: )

Wally Buffet said...


Mr. Bean, you got me there. So you're not wet from ecstasy from having the biggest global bank right here in Singapore but wet from cold sweat of fright?

Beg your pardon, I interpreted it wrongly. Maybe I have been living too much of a hedonistic lifestyle.