Financial crisis was yesterday; bad bank is today. As far as I understand the whole concept, it's about outsourcing rubbish stocks and derivatives to a state-owned enterprise to free the banks' balance sheets from their debts and thus give them new possibilities to invest. It's like a collective financial garbage dump, backed up by us, the tax payers.
I wonder who the fuck came up with that ridiculous idea. Seriously, if I were to go to my bank and say: "I'd like to open a bank account where I can place all my debts", they'd probably think I've got some serious problems with reality. Life just doesn't work that way; neither on a strictly financial, nor on a somewhat more social level. It's like: Hey, why not start a bad bank account for all the fuck-ups you did during your life; all the bad things that happened to you; people and feelings that annoy you. "Your honour, I'm not going to jail, I'll just place whatever I did on my bad bank account and let somebody else handle the damages." (Granted, to some extent, the unconscious is some sort of a psychic bad bank, if you think about it.)
I wonder who the fuck came up with that ridiculous idea. Seriously, if I were to go to my bank and say: "I'd like to open a bank account where I can place all my debts", they'd probably think I've got some serious problems with reality. Life just doesn't work that way; neither on a strictly financial, nor on a somewhat more social level. It's like: Hey, why not start a bad bank account for all the fuck-ups you did during your life; all the bad things that happened to you; people and feelings that annoy you. "Your honour, I'm not going to jail, I'll just place whatever I did on my bad bank account and let somebody else handle the damages." (Granted, to some extent, the unconscious is some sort of a psychic bad bank, if you think about it.)
Sorry to state the obvious, but last time I checked, responsibility wasn't only about assuming responsibility for your good deeds, but also (and maybe most importantly) for the bad ones. And how boringly good and pathetically uninteresting people would we be if only the good stuff counts in our lives.
Come to think of it, maybe Catholics were the first ones with a bad bank concept. After all, what is Jesus other than a collective bad bank of sins? He died martyrdom so that we could go on fuckin' up our lives and the lives of others; and at the end of the day, you repent and go straight to heaven. Hallelujah!
Come to think of it, maybe Catholics were the first ones with a bad bank concept. After all, what is Jesus other than a collective bad bank of sins? He died martyrdom so that we could go on fuckin' up our lives and the lives of others; and at the end of the day, you repent and go straight to heaven. Hallelujah!
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