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Peripheral Europe's New Normal: 50 Applicants For One Minimum Wage Job

Tyler Durden's picture





 

While it is arguable whether two instances of the same event are sufficient to indicate a pattern, when it comes to Europe under the New (feudal) Normal we are willing to make a generalizing extrapolation. Recall a week ago when we reported that hours after unleashing a campaign to hire 400 employees for its brand new megastore in the Mediterranean city Valencia, Ikea's servers in Spain promptly crashed after the company got at least 20,000 applicants (and possibly many more that would have registered had the system not experienced its Obamacare moment). The punchline here, of course, is not the dilapidated server infrastructure of Ikea - in a world in which nobody spends any growth CapEx any more that is to be expected - but that there were 20,000 applicants for what were effectively 400 minimum wage jobs, or, said otherwise: 50 candidates for each job. Hardly a ringing endorsement of the mythical recovery that Spain's premier Rajoy fabulates in people's minds on a daily basis. Needless to say, the 2% "success rate" of applicants means it is three times harder to get a minimum wage job in this European country than to get into Harvard. Today, we find the same 2% number in action once again, as if by magic, only this time relating to minimum wage job applicants in that other European basket case - Greece.

From Keep Talking Greece

More than 18,000 candidates for 390 job vacancies at €580 gross

 

More than 18,000 candidates sent their CVs to OTE after Greece’s biggest Telecommunication Company  announced 390 job vacancies for salespersons. What if the salary is the minimum wage of  just 580 euro gross per month. i.e. some 480 euro net. With more than 1,3 million people without job, unemployment rate at 27.4% and businesses closing down one after the other, people have not much chances and options.

 

At the same time, Greek media report that OTE is estimated to send to “voluntary retirement” more than 2,000 employees, personnel from the “old guard” that was hired on permanent status.

390/18,000 = 2.2%, or rounded down, the same success rate as in Spain.

Which brings us to what is emerging as Europe's magic number, namely, 1 in 50, or what an unemployed person's chances are of getting a minimum wage job. Aka, welcome to the reekovery.

 


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Fri, 12/13/2013 - 22:40 | Link to Comment zorba THE GREEK
zorba THE GREEK's picture

Coming to a city near you.

Sat, 12/14/2013 - 03:10 | Link to Comment Skateboarder
Skateboarder's picture

Hell with the search engine, I was told by a friend in SF a couple of years ago that his friend's place had almost 300 people applied for a single min. wage position (perhaps at a desirable place, I'm assuming).

Sat, 12/14/2013 - 09:05 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

European socialism.........fukk yeah!

Sat, 12/14/2013 - 17:37 | Link to Comment nightshiftsucks
nightshiftsucks's picture

Santa Clara County, aka Silicon Valley.If you drove through there today it looks like a major boom is going on,you would think they would at least be able to help the homeless.

Sat, 12/14/2013 - 17:41 | Link to Comment matt atsinger
matt atsinger's picture

Yet the government is making money selling green cards. Wonder if Spain is hiring foreigners over their own citizens? I want to see a minimum wage for NON US citiizens ONLY of $20/hr. US citizens minimum wage will stay low. Make it effective one year retroactive. Money paid for by the folks that refuse to hire US citizens can be used to relocate the illegals back where they came from and give them nice seed money to start up a business in the country of origin. They come here because people hire them. Hell US corporations prefer them. 

Sat, 12/14/2013 - 05:18 | Link to Comment Sudden Debt
Sudden Debt's picture

Oh please, that are always jobs without any skills needed.

Sat, 12/14/2013 - 11:50 | Link to Comment mjk0259
mjk0259's picture

Skills like 5th grade grammar?

 

Sat, 12/14/2013 - 10:47 | Link to Comment nasdaq99
nasdaq99's picture

Reuters has a great story about the "pitchfork protests" this week in Italy:

 

http://www.reuters.com/article/2013/12/12/us-italy-protests-idUSBRE9BB0WH20131212

Fri, 12/13/2013 - 23:13 | Link to Comment suicidalpsychologist
suicidalpsychologist's picture

too many overqualified and underqualified people, not enough -and less and less- jobs due to "technological advances" and massive job outsourcing.

 

What's next? an economic collapse and wars for scarcer ressources (jobs being considered as scarcer ressources). Same old story over and over again. People struggling to survive and killing, backstabing each others indefinitely, winners writing "history". Life is a giant free for all, a constant butchery.

 

The best way to build again, is to destroy first. Nothing is created, nothing is lost, everything transforms right? There are a new sucker  and someone smarter who will take his money and enslave him born every minute.

 

 

Sat, 12/14/2013 - 00:18 | Link to Comment Anusocracy
Anusocracy's picture

Most humans aren't human.

Never have been.

Sat, 12/14/2013 - 01:00 | Link to Comment suicidalpsychologist
suicidalpsychologist's picture

Humans are animals who pretend to be " better " than animals. But it's just another way to be an animal.

Sat, 12/14/2013 - 01:34 | Link to Comment Lore
Lore's picture

There are shepherds, there are sheep, there are predators, and there are prey. 

Without Conscience: The Disturbing World of the Psychopaths Among Us

Sat, 12/14/2013 - 02:16 | Link to Comment suicidalpsychologist
suicidalpsychologist's picture

lol the author of this book makes a living thanks to "psychopaths". The irony. He's lucky they exist. He's probably one of them to be able to describe them so well. Except he chose to write books thru the subconscious process of sublimation.

You like to read?

Have a good read.

 

http://www.docshut.com/wmkht/55546861-the-zapffe-essay-the-last-messiah....

http://en.wikipedia.org/wiki/The_Last_Messiah

http://en.wikiquote.org/wiki/Peter_Wessel_Zapffe

http://www.ligotti.net/showthread.php?t=984

http://www.galilean-library.org/site/index.php/topic/4048-the-last-messi...

Mon, 12/16/2013 - 02:27 | Link to Comment Lore
Lore's picture

Re: "He's probably one of them to be able to describe them so well."

Actually, your post reminds me of something in the book:  one kind of psychopath is known to study introductory psychology so as to memorise buzzwords and enhance their natural talent for manipulation. They toss out the buzzwords to criticize others and make themselves seem "expert" to naive audiences, but their superficial pronouncements fail the test of deeper, serious analysis. 

In my experience, the best people to ask about psychopathy are victims who have felt their evil.

I will look at your links.

Sat, 12/14/2013 - 11:31 | Link to Comment nasdaq99
nasdaq99's picture

I was engaged to a sociopath.  We bought 3 rent houses together and it turned out she put 2 of the 3 into her own name-reos!  She is a real estate broker.  Can't make this stuff.  Found out later she ripped off a very nice friend of ours  for over a years rent on a house that we lived in.  He moved out of state and she told him she was living there by herself, business was bad and she had cancer!  I got her the listing and didn't maintain contact with him because he left the state, left it to her which worked out brilliantly for her.  And i never collectd a dime on of the rent money she was supposedly collecting on the rent houses.  Turned out she never bought insurance either!  She is an incredibly successful business woman but she ended our relationship when i kept getting cold feet about marrying her.  The stories were good but something was always missing.  But she could give one helluvva blowjob!  It takes you a while to figure it out but they are into you so deep before you do that it costs you a ton of money and grief to get  things resolved.  If you ever do.

Make no mistake.  Sociopaths are brilliant camellions who prey on the people they are closest with.

 

This society breeds them.  Some of the most popular Hollywood franchises are built around sociopathic characters.

Sat, 12/14/2013 - 17:06 | Link to Comment Anusocracy
Anusocracy's picture

A sociopathic mind is a high-function social mind.

Sat, 12/14/2013 - 17:57 | Link to Comment matt atsinger
matt atsinger's picture

I have seen many of these want/employment ads. They are asking for the preverbial straw in a haystack the size of Kansas. Then the company goes to the government and says "we can not find qualified people" Let us hire green card folks at 50 cents on the dollar BTW.

Why are not companies training if American citizens are not qualified? They tried outsourcing engineering to India but that proved catastrophic. Now they just bring them here. Fine bring them here if their skills are so much better but mandate 200K salaries for these non-citizens....keep the corporations honest about not finding qualified people....who know might be cheaper to train our own people?

 

Fri, 12/13/2013 - 22:41 | Link to Comment CCanuck
CCanuck's picture

So you are saying there is a chance!

Fri, 12/13/2013 - 23:03 | Link to Comment NoDebt
NoDebt's picture

The black market and under-capitalized small businesses always are in failed economies.

Sat, 12/14/2013 - 11:08 | Link to Comment sethstorm
sethstorm's picture

Unfortunately the unreported economy does no good if you have to stay there.

 

Fri, 12/13/2013 - 22:58 | Link to Comment Boondocker
Boondocker's picture

hmmm...that's about the same in my field and a masters is usually required.... but it isn't min. wage.

Fri, 12/13/2013 - 23:08 | Link to Comment NoDebt
NoDebt's picture

So, BELOW minimum wage?

Before you correct me, please factor in what you need to earn to pay back your student loan and net it out to what you actually clear.

 

Sat, 12/14/2013 - 10:39 | Link to Comment Boondocker
Boondocker's picture

nope....paid cash.....worked 40+hours per week and carried a full load of classes.   the only debt I have is a mortgage that is nearly paid off.

Sat, 12/14/2013 - 11:02 | Link to Comment greatbeard
greatbeard's picture

>> the only debt I have is a mortgage

I paid cash for my associates degree.  Paid off my last mortage 15 years ago giving me two free and clear properties, since sold.  I retired at 55 due to my phd in street smarts.

Fri, 12/13/2013 - 23:13 | Link to Comment SillySalesmanQu...
SillySalesmanQuestion's picture

+1 Doc. After 33 years, I am shutting my business down and am going to try to disappear into the shadows and the mist, go off the radar, become a incognito burrito and head into the the black market of opportunity...thanks for the links!

Sat, 12/14/2013 - 11:09 | Link to Comment greatbeard
greatbeard's picture

>> I am shutting my business down

I did it.  30 years then said no more.  Going underground works, but it's not for sissies.  It's easier to wax poetic about it than to actually pull it off.

I knew I'd disappeared myself when the local power coop insisted on a deposit for my electric, something they only demand of proven dead beats.  When they charged me I demanded to know why as I'd never, ever, not paid a debt.  The underlings couldn't tell me why so I kept going over their heads.  Finally a district manager took the riegns to find out what the problem was.  It turns out I no longer existed on the radar.  No debts, no accounts, no longer any history.  I was like a new born financial baby.  After raising so much of a ruckus I was a bit embarrassed when I found out I got just what I had wanted.  They apologized (unnecessary really, but I appreciated the gesture) and refunded my deposit.  At that point I knew I had arrived at the destination I  had desired.  It's pretty cool out here.  I wish you luck.

Sun, 12/15/2013 - 00:23 | Link to Comment sethstorm
sethstorm's picture

If the power company can find you, so can any other interested party.  All they have to do is shine the light and you'll not be able to scatter.

Fri, 12/13/2013 - 23:07 | Link to Comment NIHILIST CIPHER
NIHILIST CIPHER's picture

I see signs all over town "NOW HIRING". So many are on disabilty or other government programs I guess you can't get folks to work. I hear parents with thirty somethings living in the basement say, "they can't find a job". I reply have you been to Kroger lately? Jobs are not scarce here but the will to find one is in some cases. It's just so easy to live off their parent, my generation would have been ashamed.

Sat, 12/14/2013 - 01:36 | Link to Comment Marco
Marco's picture

They churn through a lot of people ... especially part timers ...

Sat, 12/14/2013 - 01:41 | Link to Comment Lore
Lore's picture

Some young people (and some not so young) are holding down multiple jobs just to scrape by from month to month.  The problem is the debased currency, which doesn't reward productivity like it did for our parents and grandparents.  So different generations live under one roof and pool their resources Waltons-style.  In a destroyed economy, it can be a good family decision. 

Sat, 12/14/2013 - 02:14 | Link to Comment NIHILIST CIPHER
NIHILIST CIPHER's picture

Lore       Looks like everyone took my post the wrong way. I have no problem with the adult children living with their parents. I just feel that their attitude that they are not obligated to contribute something is shameful. Food and utilities are not free because you are their child. At least get some kind of work and help with the basics. Parents are not obligated to their children for life, adult children should feel the need to help out.

Sat, 12/14/2013 - 05:12 | Link to Comment K-Dog
K-Dog's picture

If you believe in the free market as I suspect you do then raising wages will make those signs go away.  Problem solved.

Sat, 12/14/2013 - 08:44 | Link to Comment Magically Delicious
Magically Delicious's picture

Let's reduce unemployment by shrinking the denominator!

Sat, 12/14/2013 - 11:08 | Link to Comment PoliticalRefuge...
PoliticalRefugeefromCalif.'s picture

Problem is these "jobs" cannot compete with the largess of a govt. program with endless entitlements as part of the benefits package; the only ones tempted are those that haven't had their self pride and sense of humanity extinguished by the system.

Hard to convince someone who has been long conditioned to look at government first to take a sizable personal financial hit just to become employed and throw off some of the shackles- of course at some point these benefits will be adjusted by reality.

..there are no simple answers to an intentionally designed moral crisis which this actually represents, nor can there be a peaceful ending to what can only be considered as an organized program designed to breed into existence a temporary voting block once their role in the swindle is complete.

Sat, 12/14/2013 - 18:56 | Link to Comment Money Squid
Money Squid's picture

when I was a kid I knew a lazy kid who never wanted to work. Now he is a lazy "adult" with a fat lazy wife and two fucked up kids all living at his mom's house. They are just waiting for the ol lady to die so they can officially take over.

Fri, 12/13/2013 - 23:31 | Link to Comment Money Squid
Money Squid's picture

Fiddy applicants for one job is good because it ensures that the employer can have at least a few qualified candidates to chose from. And, if the candidate that is selected is lazy they can easily be replaced.

Sat, 12/14/2013 - 05:11 | Link to Comment K-Dog
K-Dog's picture

Good for whom?

Sat, 12/14/2013 - 18:50 | Link to Comment Money Squid
Money Squid's picture

Why, for the employer of course. If you run a business do you want twenty people needing to leave early because of a big sale, kid throwing temper tantrum, they really do not feel like working? Every job I had I put in extra time, effort and frequently my own money for books, trainining and simple purchases just to get the job done. I constantly experience people making over $100k asking if they can get reimbursed for $8.50 if they buy a technical paper they need. Sure the company can buy it for fucks sake it will take two months. If my capital is at risk I want people are going to hustle for their money. They can leave any time if they get a better job, no hard feelings, but most people I know cruise the whole forty.

Sun, 12/15/2013 - 00:23 | Link to Comment sethstorm
sethstorm's picture

How many generations has it been since your family tree ever worked on the bad side of a company town?

If you can't answer favorably to that, then you have no proper perspective of what it is to be a regular person.

Sat, 12/14/2013 - 18:54 | Link to Comment Money Squid
Money Squid's picture

K-Dog, and a hat tip to you for using "whom"

Sat, 12/14/2013 - 18:52 | Link to Comment Money Squid
Money Squid's picture

Five section 8, EBT loafers did not like my comment. Don't worry your gubbment handouts will continue.

Fri, 12/13/2013 - 23:32 | Link to Comment Yen Cross
Yen Cross's picture

   Jobs are irrelevant. The infrastructure doesn't exist!

Sat, 12/14/2013 - 00:04 | Link to Comment NIHILIST CIPHER
NIHILIST CIPHER's picture

Yen Cross       That depends if you live in DC or the rest of the country. 

Sat, 12/14/2013 - 01:29 | Link to Comment dunce
dunce's picture

Walmart had the same experience in DC for its new store, there were thousands of job seekers for a few hunderd jobs. Our government is no longer exceptional, but there is hope that the next couple of elections can make a difference.

Sat, 12/14/2013 - 11:05 | Link to Comment sethstorm
sethstorm's picture

They bought off the local government (no surprise) like every other place that said no.  As for the thousands of job seekers, that's a case of "any port in a storm" even if it's the worst port around.

Desperation has a nasty side effect of making bad employers look good - no matter where you are in the world. 

Sat, 12/14/2013 - 01:49 | Link to Comment fireant
fireant's picture

Ha Ha Ha...Europe's douchebag social net must be behind.  Just raise the benefits, and all those job seekers will disappear, presto problem solved

Sat, 12/14/2013 - 02:43 | Link to Comment Yen Cross
Yen Cross's picture

    When is the leader of this Country going to become honest with <himself>

Sat, 12/14/2013 - 15:59 | Link to Comment U4 eee aaa
U4 eee aaa's picture

I don't think he cares. He's set for life

Sat, 12/14/2013 - 05:08 | Link to Comment K-Dog
K-Dog's picture

This is an example of getting lost in number worship.  Fifty times or five it does not matter if you are one of those locked out of the job market.  For you life becomes miserable and aimless regardless.  Maybe having fifty times might even be better if it is true that misery loves company because at least you would not be alone.  I'm not saying fifty times unemployment is better than five times but I'm saying injustice is injustice.  Numbers are wonderful things and useful but when idiots use them to quantify human affairs too often tragedy and ignorance results.  Truth is obscured and humanity debased when we quantify tragedy.  A society that tolerates any unemployment when people need want and desire jobs is a society that is flawed.  Regardless of the numbers.

The title may be a bit of sarcasm but fifty applicants to a single job can't be considered normal. Fifty applicants to a single job is a society in serious trouble and without changing direction that society will collapse.

Sat, 12/14/2013 - 07:07 | Link to Comment 22winmag
22winmag's picture

Nature abhors a vacuum. I hear there are plenty of openings in the black market and the revolutionary underground.

Sat, 12/14/2013 - 07:30 | Link to Comment Peter Pan
Peter Pan's picture

Actually the writer's math is off. In Greece the chance of getting a job is about -80% in the example given.

This is because the Greek OTE co plans to hire 390 after sacking 2000. So if 2000 out of 2390 are going to lose their job how can the percentage be 2.2%?

Sat, 12/14/2013 - 16:00 | Link to Comment U4 eee aaa
U4 eee aaa's picture

Ow, my brain

Sat, 12/14/2013 - 10:01 | Link to Comment MilwaukeeMark
MilwaukeeMark's picture

When predicting human behavior, I try to remember that life forms have about 1,000,000,000 years of development. Rational human behavior about 100,000 years. That's a 1000:1 ratio of biology over rationality. When TSHTF, rationality never stands a chance against biological impulse. That's why animals in the jungle never bothered with it.

Sat, 12/14/2013 - 10:01 | Link to Comment MilwaukeeMark
MilwaukeeMark's picture

When predicting human behavior, I try to remember that life forms have about 1,000,000,000 years of development. Rational human behavior about 100,000 years. That's a 1000:1 ratio of biology over rationality. When TSHTF, rationality never stands a chance against biological impulse. That's why animals in the jungle never bothered with it.

Sat, 12/14/2013 - 10:44 | Link to Comment JamesBond
JamesBond's picture

shit, that ain't nuthin!

in 1979 (columbus georgia) as a teenager, i stood in line to apply for two openings at the burger king on macon road.  the number of applicants was over 75 and the applicant line snaked around the store twice! 

kudos jimma ca'ter

 

 

jb

Sat, 12/14/2013 - 11:05 | Link to Comment batterycharged
batterycharged's picture

A few years ago.

 

CHICAGO (CBS) – After sifting through about one MILLION applications, McDonald’s hired more than 60,000 workers nationwide, and over 1,000 in Chicagoland, in conjunction with its National Hiring Day earlier this month.

 

17 applicants per opening...for McDonalds.

Sat, 12/14/2013 - 11:36 | Link to Comment sethstorm
sethstorm's picture

Or 16 and a part-timer.

Sat, 12/14/2013 - 16:02 | Link to Comment U4 eee aaa
U4 eee aaa's picture

I wonder how many are still there?

Sun, 12/15/2013 - 00:17 | Link to Comment sethstorm
sethstorm's picture

That, and Georgia still has trouble fulfilling its promise of jobs when it takes entire Fortune 500 companies from other states.

Sat, 12/14/2013 - 10:59 | Link to Comment infinity8
infinity8's picture

"fabulate" - + 2 million.

S'all fabulation now.

 

Sat, 12/14/2013 - 11:00 | Link to Comment sethstorm
sethstorm's picture

That's what you get when staffing agencies become too powerful.

Sat, 12/14/2013 - 11:00 | Link to Comment batterycharged
batterycharged's picture

This is what happens when you have a FREE GLOBAL MARKET and Laissez Faire that introduce 4 BILLION slave laborers into the job market!

Sad fact is, even GM and Honda Mexican auto workers make less than the US min wage. What chance does someone in Europe have of seeing a job opportunity?

This is capitalism at work baby!  Not willing to take slave wages like the Chinese?  Apply for the handful of menial low-wage service jobs with the other 1000s that are unemployed.

Listen to the Libertarians and go out and pay for a $150,000 education to become an engineer? Yeah....China has engineers to. As does Brazil and a dozen Eastern European countries willing to work for slave wages.

 

This is unfettered capitalism....a large sucking sound. And the only ones getting rich are those that own the MEANS of production. Thanks Waltons!

 

Sat, 12/14/2013 - 11:09 | Link to Comment batterycharged
batterycharged's picture

To the person that downed this.

 

Yeah, I know...we haven't seen a real "free market". Until then, it's all Socialism and Fasciasm.

 

May we some day see the NIRVANA that is a free market economy. But until that fantastic day, which may coincide with the 2nd coming, we'll just have to keep eating the shit sandwich from the global wealthy because god forbid we demand more from them that doesn't resemble free markets, aka let the rich do what the rich want to do.

Sat, 12/14/2013 - 14:09 | Link to Comment shovelhead
shovelhead's picture

Quit whining and start your own business if you really want to eat a shit sandwich.

There were months in a row that I would have been thrilled to net a minimum wage.

Sun, 12/15/2013 - 00:17 | Link to Comment sethstorm
sethstorm's picture

Easier said than done, and not everyone is meant to be a business owner.

Sat, 12/14/2013 - 16:10 | Link to Comment U4 eee aaa
U4 eee aaa's picture

We don't have a free market. We have a pull spending forward debt market. We have every person and his grandma paying interest on debt. That is paid out of wages from businesses who are paying debt to finance their companies and taxes that have to go partially to paying public debt. They have to earn their money by getting money for their goods from the above people who are up to their ears in debt. If we weren't so in hock on so many levels, then there would be plenty of money to go around.

Sat, 12/14/2013 - 11:06 | Link to Comment earnulf
earnulf's picture

As I see it, the problem is not just a lack of jobs, but rather jobs for which people are willing to put forth effort to give a full days work for the pay being offered.   The entitlement attitude among the young is staggering.    Upon graduation of HS (or in some cases dropping out), the student expects to get at least a two bedroom home, fully equiped with CA/CH, cable and internet service, and a new car.   All without having to work a day in their life.   Upon the discovery that their first minimum wage job not only does not come with these side benefits, but that more than 40% of their takehome of both their 29 hour main job and their 25 hour second job goes to simply pay rent to a 1 bedroom "efficiency" apartment where they have to pay trash and water, their will to work goes down the tubes.

There is no stamina in todays youth.    No desire, no curiosity, no inquisiveness, just a mindless drone sucked into the web/cable eating mac and cheese while drooling on the controller.    IF they don't work, they find that the government will provide housing assistance, utility assistance, food stamps, free cell phone, and then refer you to other agencies that will try to do even more to "help you get on your feet."

So much for picking yourself up by your bootstraps.

 

Sat, 12/14/2013 - 12:34 | Link to Comment smartstrike
smartstrike's picture

Please post at the American Heritage Bullshit Institute whose motto is--- 'we're using your dollars to feed you disinformation to confuse you.'

I got a question for you: 'what did the job creators do with the trillions in wealth they finagled from us" other than to tell us that manual labor is for Mexicans and we really don't want those dirty jobs for our children anyway. We're better off to go to the bank and get second mortgage which we can repay after we sell the house for 200% profit to the Mexicans.

 

Sat, 12/14/2013 - 21:35 | Link to Comment Promethus
Promethus's picture

And it is the young that Obama is counting on to pay for Obama Care.

Sat, 12/14/2013 - 11:25 | Link to Comment TrustbutVerify
TrustbutVerify's picture

Its not a good situation, but its admirable that these people are willing to work to get paid.  It bodes well for the future of their culture and economy. 

Sat, 12/14/2013 - 13:29 | Link to Comment moneybots
moneybots's picture

"Peripheral Europe's New Normal: 50 Applicants For One Minimum Wage Job"

 

How long until that is the norm in central Europe?

Sat, 12/14/2013 - 13:34 | Link to Comment moneybots
moneybots's picture

" With more than 1,3 million people without job, unemployment rate at 27.4% and businesses closing down one after the other, people have not much chances and options."

 

When are the bankers going to be brought to justice?

Sat, 12/14/2013 - 14:24 | Link to Comment shovelhead
shovelhead's picture

Why blame the bankers?

If you gave your house-keys to your neighbor so he could feed the cat while your gone and he left the door open for the thieves to walk in and steal all your stuff, would you blame the thieves?

The thieves are just doing their job being thieves. It's what they do.

It's the Govt. who is the bad neighbor that lets the thieves in to rob you.

You really got to ask who are they working for...Hint: They ain't Mr. Rogers.

No need to ask the thieves.

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