Mortgage Grapevine

Political: You can't be in banking if you are a Christian.

http://bloomberg.com/apps/news?pid=20601109&sid=aySZ9TS.aODA&pos=12

The pursuit of profit must not come at the expense of society.
by the voice of reason November 4, 2009 7:45 PM

“We have an obligation to behave as a responsible employer.” -Varley.

The second half of the quote you chopped.


The below are also from the article.

"Rewarding high- performing bankers with more pay doesn’t conflict with Christian values, he said. Varley was paid 1.08 million pounds ($1.77 million) and no bonus in 2008."

“Is Christianity and banking compatible? Yes,” he said in an interview after the speech in the 283-year-old church. “And is Christianity and fair reward compatible? Yes.”

“The discrepancy between the wage that cleaners of banks like Goldman earn and the bankers’ compensation is enormous,” the canon said in an interview.

Really? Maybe there was a reason to get that MBA over that GED.


For Richard Chartres, the bishop of London, Varley, Griffiths and Costa are men of “high moral integrity.."

It appears other than those in the church that are predisposed to "share the wealth",
the issue seems to be somewhat about a business oriented banking speech in a church
rather than the banking and profits.
by kabb November 4, 2009 8:05 PM

In speaking with the "common men" here in America, there is much negative sentiment towards banking people. Wages are excessive compared to what the common man gets paid.
by the voice of reason November 4, 2009 8:13 PM

The "common man" should strive to become "less common". That's the American Dream.


by Mensa Calling November 4, 2009 8:52 PM

And of course, common sense is not so common.


by Is that a joke? November 4, 2009 9:26 PM

The common man has no clue. They see $500k salaries and think that is too much because they make $36k a year. Maybe in God's eyes it is if you do not tithe.
by the voice of reason November 4, 2009 9:34 PM

The common man more than likely makes more than the common bank employee.


by YATI November 4, 2009 9:55 PM

The common man has no clue. They see $500k salaries and think that is too much because they make $36k a year. Maybe in God's eyes it is if you do not tithe.
by the voice of reason November 4, 2009 9:34 PM

How many 'banking people' earn 500k a year?

Seriously, what are you smoking?
by Hey everyone, look at me! November 4, 2009 10:06 PM

Screw them! How 'bout dem Cowboyze!
by THEVIRGINIAGENTLEMAN November 4, 2009 10:23 PM

The "common man" in America makes such "excessive wages" as compared to say a "common man" in Africa, China, India and most parts of the world.
by NG November 4, 2009 10:51 PM

uhhhh HELAM, Goldman is a bank now. Many think the bonuses being paid are outrageous.
by the voice of reason November 5, 2009 9:11 AM

The truth is, unless you have a mental disorder or are impaired
in some way, we all have options. Some have more drive than others,
some place importance on other things than salaries, but ultimately
we are where we are mostly do to the choices we make.

I was the oldest of three brothers being raised by a single mom who
worked as a secretary. We didn't know we were at poverty level
because it all seem normal to us. I graduated high school, elected to
serve in the military and while in earned two college degrees.
Seperated from service and from then on began working in finance
and real estate.

My brother on the other hand, chose to quit high school and work in
construction. It was his choice, it's what he wanted to do.

Oddly enough, he never comes asking me to share my income or earnings
because he thinks theirs an unfair disparity. He can't tolerate
working indoors, wearing suits, etc. He's happy with his choices.

So I ask, I chose to serve in the service, work long days so I could
earn my college degrees, sacrificing my time and at times it seemed
my health. I had goals I wanted to achieve. He chose to be a carpenter. Does that mean that if he becomes disenchanted with his
choices, should I have to pay a penalty, give up what I've earned?

Exactly where is the fairness and equality of that?
by kabb November 5, 2009 9:15 AM

Jesus was a carpenter!
by the voice of reason November 5, 2009 10:20 AM

Yes, he made a choice.
He also had a great inheritance package.
by kabb November 5, 2009 10:49 AM

uhhhh HELAM, Goldman is a bank now. Many think the bonuses being paid are outrageous.
by the voice of reason November 5, 2009 9:11 AM

Again I ask you. How many 'banking people' earn 500k?

by Hey everyone, look at me! November 5, 2009 6:05 PM

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