Mark Slater’s Weblog

Musings about work, life, and all things in between

In favor of the bankers?

American International Group, Inc.
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At risk of sounding like an echochamber for AVC – one of the commenters – Druce Vertes – took a great movie scene and applied it to the times we find ourselves in. Class.

If Jack Nicholson was an investment banker

You can’t handle the truth! Son, we live in a world that needs deals. And those deals have to be made by men with Bloombergs. Who’s gonna do it? You? You, Senator Dodd? I have a greater responsibility than you can possibly fathom. You weep for AIG bonuses and you curse the banks. You have that luxury. You have the luxury of not knowing what I know: that bonuses, while tragic, probably saved taxpayer dollars. And my existence, while grotesque and incomprehensible to you, saves the global economy…You don’t want the truth. Because deep down, in places you don’t talk about at parties, you want me on that trading desk. You need me on that trading desk.

We use words like business model, risk, profit…we use these words as the backbone to a life spent building something. You use ’em as a punchline. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the economic growth I provide, then questions the manner in which I provide it! I’d rather you just said thank you and went on your way. Otherwise, I suggest you pick up a spreadsheet and build a model. Either way, I don’t give a damn what you think you’re entitled to!

Originally posted as a comment by Druce Vertes on A VC using Disqus.

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Filed under: the economy, Uncategorized

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