Friday, 15 June 2007

Wall Street investment banks resist money mystics

It seems Wall Street is falling behind Canary Wharf and the City of London. Even though money mystics and shamans are firmly established in British banks, investment banks on Wall Street have been very slow to follow this new trend. Mark Howard from the Alternative Wall Street News explains, 'American banks don't trust these mystics - not yet. Yes, I know that a handful of American banks based in London have hired money mystics, but it's not happening on Wall Street. British banks such as Dodger Coombes are leading the way.'

I believe Wall Street investment banks will have to hire money mystics very soon. Otherwise Wall Street will suffer as a major financial centre. I recently reported that a statue of Big Herb has been erected on Wall Street. That is an encouraging sign, but the banks have to be bold now and take the next step.

Tatum Jones from Dodger Coombes says, 'I can understand why the American banks are nervous about this. If it all goes wrong they could lose hundreds of millions of dollars. We started off by only hiring one mystic, and built it up from there. That's what I suggest the American banks do. Just take it slowly.'

Brilliant advice from Tatum Jones. I urge all American bankers to consider what she says, act on it, and move on into the future. Sure, these money mystics may seem alien to American culture, but a year or two from now everyone will wonder what all the fuss was about. Mystical capitalism is the way forward.