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What I Learned from a South African Banker

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Comments (3)
I would like to agree with Mr. Abernathy. "I would agree that among the bankers that I have known there is a common theme that draws them to a banking career: the desire to be part of economic growth, to be part of the job that banks do of bringing savings and investment together to build local and national economies." I have seen that level of altruism doesn't even extend to the not-for-profit institutions of the world. Compensation is motivation. In its worst form: GREED. Basil's rules have developed, like laws in general, upon the desire to develop a system or check that prevents abuse of a system or practice in banking. On that basis, Basil's rules will always be out of touch with the "customs and economic conditions in the U.S." My belief: They should be!
Posted by Geriatricism | Tuesday, January 15 2013 at 1:44PM ET
Is it really surprising about Basel decreasing money multipliers globally?

Simply a case of the world's reserve currency (USD) showing its domination. It would be an American economist's wet dream IF: they could engineer INFLATION in the USD, whilst globally DEFLATION exists. Think about it.
Posted by kiers77 | Wednesday, January 16 2013 at 9:19AM ET
If Mr. Abernathy would spend as much time seeking the insights and opinions of very smart and savvy community bankers in the United States as he does from foreign bankers he might actually come to understand something about community banks.
Posted by commobanker | Wednesday, January 16 2013 at 12:19PM ET
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