Financial rock stars don’t exist in a cloud

Myth behind financial institutions.

By Nicole Hamer |

08:54 03 May 2013

Financial institutions around the world have been taken major beatings of late. The many bad apples have made it rightly so. Sometimes they have been affectingthe housing market,and possibly jobs and services too.

 

Not to say that these financial rock stars are the sole instigator of the economic woes nor are they the sole solution. The same stands true for the government as fiscal responsibility is that sacrum that has many platforms, with each one sustaining equal weight.

 

Blaming government’s inability to control fiscal spending and severe fluctuations in the currency markets are their justifications for cutting the average consumer off at the knees while shirring up one another to make those financial rock star perks.

 

Loss jobs, homes, and services were dropped like boulders without even creating a ripple in their backyard pools.Promises to ease many of their lending practices to bolster up the economy, under the conditions of major governmental reforms have failed to benefit anyone beyond the front door of their office buildings.

 

•    Recapitalizing the major financial institutions monopolies into regional banks, drawing

 

•    Penalties for misconduct and other actions in violation of the common good practices

 

•    Return to the conducting business for the “common good.” The best way to sure up any part of the economy is to make changes and opportunities across the board instead of selective segments.

 

The economy and the finance industry has never been a level playing field for the average person. The financial rock stars should be held just as accountable as other renowned personalities who want to turn their acquired silver spoons to solid gold.