Pretty much so. Generally I think the Banks are not much different than other industries, there are bad and good depending on individual businesses. They are all run by people, people are not perfect, therefore businesses or governments are not perfect. Most depends on quality of a boss and top management.
I'm very impressed and in favor of new companies run by entrepreneurs/visionaries. I'm usually less impressed by big old companies run by bureaucratic clerks, most interested only in making money, accompanied by mediocre product and bad customer service. They are only marginally better than bureaucrats in governments, and worse on some occasions. Probably the main difference is that clerks in companies had to be kept more accountable on more occasions than government clerks, who always can count on fresh taxpayers money to spend.
I believe that our political system is overdue for big reforms (nothing much changed, in political structures, since the fall of monarchies after WWI) for XXI century world. On other hand our capitalistic-free market economies are evolving with times (almost by natural selection) adjusting to competition and correcting due to costumers demand. Unfortunately, too many unqualified government bureaucrats have power to change economic and financial environment. To make matter worst, even economic experts are lost in today's complexity of financial markets. The financial and economic systems are so complex, coupled with psychology of groups, either customers or investors, that even the best computer models can't calculate consequences of changes to the markets.
My answer to causes of Greek economic maladies is that human incompetence in understanding economy and its complexity (in Greece and outside) is the cause of their problem. Yetos claims that evil forces of antigreek financial conspiracy is the cause.
I say "look mostly inside for the problem", Yetos says "look mostly outside for the problem."
Milan municipal (Italy)
4 banks among them deutsche bamk and JP Morgan had sold 'smart' project to the Milano municipal,
the result .
Milan municipal lost 105 000 000 E
Banks earned 90 000 000 E
after years in courts and judge trials, Milan municipal manage to gain owning of some buildings estimated by banks as 80 000 000 (name value, we don't know the correct comercial value)
means that at end the banks earned 10 000 000 E, and Milano citizens found their shelves to have 25 000 000 E
which at a population of 2 million is
12 500 E each city habbitant
I am not from Italy, but I wonder who went to prison?
that what I am asking, which Banker went to prison for illegal activity?
why we don't close at least the Illegal banks, since some are honest as you say?
the case of antigreek behavor by banker is obvious,
with their politician partners they make hiden contracts, secret agreements, etc to put a heavy weight to greek people so to force him sell cheap its geological source,
the essay and preposition from Deutsch bank is clear.
although soon will learn more about that.
search the case of Goldman Sachs and one ex prime minister,
we are living in the ages of madness, where no body is allowed to make usery, but Bank mafia can, where market are tottaly controled like libor case, where banksters can harash citizens through illegal products, and when the time of αποδιοπομπαιος τραγος (scape goat) is not a goat but nations and simple people, we don't send the banker to prison, but we harash common poor people, or even destroy societies, put labels,
tottaly unforgiven, cause the poor man's lamp can not save the world, anymore,
we need to slain the big fat pig that is still free to eat more people,
for 35 years of Greece in EU nobody said something,
for 35 years was the poor neighbor,
for 35 years nobody ever looked or tried to help the situation of corruption or economy, cause they earn from that
and one day when oil and gas is found...
Greeks are lazy, greeks are sick, greeks are ...
and the day after, before the searching ship gets its results, the executioner's other hand makes a preposition, how will you call that?
to close I think that these 4 banks had found a smart way to get rid of their waste to the Milanese people and also earn from that.
yet although Judge said Illegal, nobody goes to prison or to pay the damage but the poor people.
Money talks, but when money talk much and nobody stopes it, then maybe guns will talk.
from ancient times to modern, when people lose their dignity by the one 'power -ruler' (either religious, economical, etc) we have big changes and big wars.
More?
Manhatan Judges found 420 000 000 $ in hiden accounts in 3 banks,
seems like hiden money is what makes bankers popular,
how many taxes were lost by that?
have we ever thought how much are the hiden money in banks?
consider it unofficial but few months before i heard about trillions of dollars