Zombie Banks Parody

Bankers are usually a very conservative lot and very good at keeping money from its clients into safe deposits or in safe boring investments. Apparently they got jealous of success of the investment bankers notably hedge funds who were creating huge returns for themselves and their investors so they decided to take some risk in lending to increase there profitability. Also, helping people who were not qualified for loans and credits under normal lending practices. The scheme worked fine for a while till the bubble burst and now we have too many banks holding non-performing loans making them resemble zombie banks.

Once a pillar of the society now they are becoming a good source of material for humorists.

Related articles by Zemanta

• Another Zombie Bank Parody
  
• Michael Lewis: I Think We're in for Another Day of Reckoning Down the Road (videocafe.crooksandliars.com)
• More protection for Barclays (bbc.co.uk)