Post-election, the Onion News Network reports that Barack Obama's supporters have lost the will to live:
Meanwhile in his paternal homeland of Kenya, mothers across the nation are naming their children Barack or Michelle, after his wife, or Obama which means 'blessed one', or a mixture of all three.
What this means for the banking industry is that, by 2030, most tellers in the bank will be called Barack.
Unless, of course, we can knock down those Barack-aides.
Sorry, just a foolish moment.
What this means for the banking industry is clearly shown in yesterday's Financial Times, which quotes Mr. Obama from way back in March when Bear Stearns crashed:
“The change we need goes beyond the laws and regulation. We need a
shift in the cultures of our financial institutions and our regulatory
agencies . . . It’s time to realign incentives and the compensation
packages so that both high-level executives and employees better serve
the interests of shareholders.”
This was followed by his first speech since the vote also focusing on the economy and finance:
"The one thing I can say with certainty is that we are going to need to
see a stimulus package passed - either before or after inauguration. It will be the first thing I get done as
president of the United States."
Let's get ready to rumble ...
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
