Thursday, December 22, 2011

Previewing 2012: Olympics and All That Jazz


Another year over, another year just beginning and what a year it promises to be. The US gears up for another Presidential election, London hosts the Olympics, the continuing uprising in the Middle East and the small matter of a global economic crisis.

This is not to say 2011 was dull. The Arab Spring, Autumn riots, the phone hacking scandal, economic woes, not to mention the deaths of bin Laden, Gaddafi and Kim Jong Il.

In the UK the Olympics will dominate the headlines in the run up to the summer. Chances are most stories will be of how nothing will be finished on time and how the games will be a disaster, only to find out everything will be fine in the end.

There will also be a Mayoral election in the capital this year with Johnson vs Livingston II (This Time It’s Political). It is hard to see anyone but blond Boris winning, mainly because the Labour party has not moved on in this area.

A member of the younger left wing generation may have stood a chance against a man who is not universally loved as mayor, but instead nominated Red Ken who could not beat BoJo the first time round.

In other political news it promises to be the toughest year yet for the Con-Dem coalition having already fallen out over banking regulation, student fees, voting reform, budget cuts and Europe.

A split-up before the next election is probably not on the cards, but Prime Minister David Cameron cannot afford too many fall outs with his deputy Nick Clegg, especially if it appears as if he is appeasing his back benchers.

Europe will be the key issue here following Cameron’s supposed veto of the EU treaty. Although it was good news for Euro-sceptics there is a question about the UK’s future influence in the common market.

What is needed is for politicians, both in Europe and around the world, to come together to find a solution to the crisis. If not all could find themselves out of office in the next election as people question why the situation is not improving.

Speaking of break-ups, there is still the question of Labour leader Ed Milliband. Despite some good performances he continues to slip in the opinions of the people while some commentators speculate about a potential replacement before the next election.

The question is what direction to go in. Some have called for more policy substance, while others say his image is not Prime Ministerial. The issue is the Labour party has no economic credibility and all Cameron has to do is say ‘inherited largest budget deficit from previous administration’ time and again.

Could this be the time for a true public leader? Would it be a good idea for Milliband to stand shoulder to shoulder with the protesters outside St Paul’s and with striking public sector workers?

Probably not as he would loose as many voters as he would gain, so prepare for either another year of second rate opposition or a policy deluge from the other side of the commons. Either way it is hard to see Milliband being ditched before 2015.

In other political news the US presidential election train will drag on for more months with the Republican primaries. Come November Obama will most likely win again, largely due to the ineptitude of the GOP candidates.

The greatest question is what will happen in the Congressional and Senatorial elections. Having lost the House of Representatives in the mid-terms Obama will be keen to claw back political power.

Predicating this is actually quite simple. If the economy improves then the people will swing back Democratic, if it continues to stagnate then the tea party and the Republicans will make significant gains.

A more interesting question across the pond is how much influence Sarah Palin will have in the elections. She is not a candidate and the tea party has lost some popularity, but she can still draw a crowd, although whether or not this is desirable is debatable.

Without question the largest political story of 2011 has been the Arab uprising in North Africa and the Middle East. After Tunisia it was Egypt in the headlines and as the year ends Tahrir Square was back in the news.

Syria, Bahrain and others will stay in the news for a while as people demand their democratic rights, protest against political oppression and military tactics. It is impossible to judge which direction these countries will go in, but Western military intervention is very unlikely.

China’s political system will be ever more in the spotlight this year as the West relies more and more on the only country with any money left. Also prepare for the continued rise of Brazil, India and Russia on the political scene.

Speaking of Russia Vladimir Putin will return the Kremlin this year, probably. This will be met by joy and despair both in Russia and the rest of the world. There is also likely to be major court cases involving Russian oligarchs including Chelsea owner Roman Abramovic.

North Korea’s ‘Dear Leader’ has also died and his successor Kim Jong Un will come to power in what is seen as the most unstable, unpredictable and closeted regime in the world. The US and Europe will be hoping this is an opportunity to curb nuclear ambitions in the country, but only time will tell.

Libya’s long running dictator, Colonel Gaddafi, was killed this year during the countries uprising. It will be interesting to see how popular revolutionary rebels organise themselves to bring democracy and stability to this oil rich country.
It is also worth keeping an eye on South America. Falkland Island based ships are being denied entry to ports on the continent and with vast Chinese investment and fewer economic problems. This may be the chance the likes of Brazil, Argentina and Venezuela are waiting for.

Problems with drug cartels will continue in Mexico and Columbia, although the FARC rebels influence is being eroded continually. This year hardly a week has gone by without another report from Mexico of shoot-outs in the street or mass graves. The US has pledged to help, but this is a problem likely to trundle on.

Japan has been in the news a lot this year following the earthquake, tsunami and subsequent nuclear incident. The big question this could raise this year is when a government elsewhere in the world dares to suggest nuclear power as a potential energy source again.

If the climate change conferences continue to yield no fruit then it may not be to long before government, probably on the quite, start to make plans for new reactors.

Away from the major news this will also be a big year in the world of entertainment and sport. The Olympics, Paralympics and European football championships all occur over the summer, F1 is set to return to the US, England rugby is in disarray and the astronomic rise of the Man City millionaires continues.

Racism has also raised its ugly head in the EPL with charges being brought against Liverpool’s Luis Suarez and Chelsea’s John Terry. Uruguayan international Suarez has been handed an eight game ban for racially abusing Manchester United’s Patrice Evra.

Terry will face criminal prosecution for similar accusations against QPR’s Anton Ferdinand, but has yet to find out if he will face any punishments from the FA. Expect renewed efforts on the Kick on Racism Out of Football campaign and tough punishments for Terry.

Rooney will also miss the first two games of Euro 2012 and this will probably be Fabio Capello’s last tournament in charge of the national team. Every Englander will be hoping for a performance befitting the quality of the team, but with group games against a resurgent France, Sweden (a country England have never beaten in a major tournament) and the co-hosts Ukraine this may be difficult.

In the world of entertainment there has been much speculation the 3D revolution may have been a damp squib. Nobody can complain about improvements in special effects, but it is important they do not get in the way of what film making is supposed to be about.

Over the next couple of years expect a change towards films using 3D as a true cinematic effect rather than just as a gimmick to increase box office revenues. Is it really possible to get independent film in 3D?

X-Factor has yet again been popular this year, but has struggled in the ratings war. Do not be surprised if 2012 sees the last series of the glorified karaoke show. Excited about The Iron Lady, being released soon, and The Great Gatsby, this time next year. Less excited about the apparent release of Texas Chainsaw Massacre in 3D.

In conclusion if 2012 is as exciting as 2011 there will be plenty to of column inches and news segments to fill. There are many stories yet to play out and many more still to come to light.

For now have a Merry Christmas, Happy Hanukah and a Happy New Year.

Tuesday, July 26, 2011

Amy Winehouse: Forever 27


All music fans were saddened to here of Amy Winehouse’s death on 23 July 2011, but as her birthday was 14 September 1983 her death took on a further significance than just the tragic passing of a young person.

She joined an elite group of musicians, Brian Jones of The Rolling Stones, Jimi Hendrix, Janis Joplin, Jim Morrison of The Doors and Kurt Cobain of Nirvana. All credited with changing music, all dying at the age of 27.

Undoubtedly her lifestyle and her musical success will keep her in this fabled company, but the slightly macabre question to ask is does she deserve it?

An Ivor Novello Award, five Grammy’s, three MTV Video Music Awards, four MTV Europe Music Awards, three World Music Awards, a Mercury Prize, a MOBO Award and a number one album in the UK would suggest she does.

This is far more commercial success than Jeff Buckley ever managed and if he had been 27, rather than drowning in Tennessee at the age of 30, this article would never have been written about him.

The issue here is Amy Winehouse is joining auspicious company and despite her fame and success her fellow 27 Club members were not just famous musicians, they changed the face of music forever.

Without Brian Jones there probably would never have been The Rolling Stones. It may have been Mick Jagger and Keith Richards who ended up with the credit, but it was Jones who started the band and was its driving force.

How different would the world be if this had not happened, one of the first British bands to foray into the African American world of Rhythm and Blues?

There is little to be said about Jimi Hendrix already not said. This man changed the way people viewed the electric guitar, his performance at Monetary and Woodstock are the stuff of legend.

Would any music fan want to even think about a world without Hendrix’s wailing guitar and the revolution he created in the playing of the instrument?

Janis Joplin was called the queen of rock and roll at a time when the liberation of women was at a peak.

Her life has taken on both a musical and a feminist significance which would be impossible to replace.

The brooding lyrics and melodies of The Doors created what is regarded as one of the greatest front men of all time in Jim Morrison.

It may be The Doors people remember, rather than Morrison himself, but the man has come to define a period in American history along with Hendrix.

For many younger readers it may be Kurt Cobain who holds the most significance, creating a musical revolution out the angst people felt following the 1980s.

Not only did Nirvana jump start the musical career of Dave Grohl, but the music, image and lifestyle of the grunge scene led to the mini music revolution of the 1990s and the early years of the new millennium.

Reading this you start to get the impression these five people were slightly more important to the progression of music as a whole than Winehouse will ever achieve. This is not to say there are not similarities.

The lifestyle choice to begin with is certainly similar over the entire group. The drug binges of Jones, Hendrix and Morrison are what could be called very rock and roll, Cobain was a noted heroin addict and Joplin’s death was always presumed to be a heroin overdoes.

Along with fellow bad-boy of rock, The Libertines Pete Doherty, her party antics have been noted for years often making more front page news than Doherty’s due to her commercial success.

The live fast die young attitude has long been a feature of rock music and in this respect Winehouse is certainly in good company.

Contrary to some people’s opinion, the younger public’s adoration of these people is not about drugs or a desire for the lifestyle, it is an appreciation for their music and a moment they speak to.

The commercial and critical success would certainly suggest she spoke to a moment and her musical and fashion style has certainly had influence.

Her look and the jazz styling of her first album, Frank, was certainly an appreciated change of pace from the generic female fronted pop being produced both in the US and UK.

Back to Black ditched the Jazz and took influence from one of the greatest eras in female fronted music, the 60s and 70s. Comparable to Joplin, maybe not, but credit where credit is due.

However, there are certainly many issues with this. Her music, unlike Hendrix and Cobain, was not revolutionary, it had kind of been done before. It was good and her voice extraordinary, but it had been done.

Drink and drugs seemed to become her entire world and she appeared like a mate who you know cannot look after themselves when they have had a few.

Addiction also led her to commit the greatest sin a musician can, they affected her live performance and musical talent.

Since the release of Back to Black media outlets have almost been awash with reports of her turning up late, not turning up at all and being booed for her not being able to sing.

Once she even disappeared during a show leaving her backup singers to complete the set.

Although it would be hypocritical to say the other members of the 27 Club did not let the drink and drugs affect them musically, Morrison certainly was noted for poor onstage behaviour, but is it really the same?

It is fair to say Winehouse never got arrested for indecent exposure on stage, something which Morrison certainly cannot claim to have avoided.

There is still something lurking, suggesting her inevitable inclusion in this band of legends is somehow unjustified, and her inclusion is inevitable.

It is impossible to live a life the way she lived her life and not be. Jeff Buckley (30), Tupac Skakur (25) and Keith Moon of The Who (33) all have honorary inclusion so how can she not have it legitimately.

The question here is not of whether or not she is a member of the Forever 27, but whether or not it is somehow unjust she be elevated to a pedestal of rock music martyrdom with these stars.

Ask yourself one question. Does the Winehouse brand belong side-by-side with the likes of Jones, Hendrix, Joplin, Morrison and Cobain in terms of a long lasting musical influence, influences that have and will continue to be the driving force behind every new artist and musician to come?

Wednesday, May 11, 2011

Bin Laden: Assassination or Mercy Killing


For the last ten years Osama bin Laden has been public enemy number one, the face of the enemy in the war on terror, Islamic extremism and a man responsible for thousands of innocent deaths, then you wake up one morning and he is dead.

Was it right an American special forces Navy Seal shot him dead in his compound in Pakistan, or should more effort have been made to take this man and publicly put him on trial for his atrocities?

President George W Bush said in the aftermath of 9/11 he wanted this man dead or alive. At the time the media made more than a few jokes about yet another cowboy metaphor from the Texan president. In fact this clichéd sentiment was closer to the trust than anybody believed.

It is fair to say all those who stand against Islamic extremism and international terrorism are pleased to see bin Laden out of the picture, but there have been more than a few raised eyebrows about the fact he was shot, killed and buried with no chance of a trail taking place.

As citizens of developed nations we are taught to believe in our fair and balanced legal system, innocence until guilt is proven, the right to a fair trial and the concept of due process.

Saddam Hussein, Slobodan Milošević and Radovan Karadžić have all faced war crimes tribunals in the Netherlands following the atrocities they carried out in Iraq, Yugoslavia and Bosnia, so why not bin Laden.

The total number of people bin Laden has killed, directly or indirectly, will probably never truly be known, but then again the same can be said for all the aforementioned war criminals.

Under normal circumstances the perfect outcome for this would have been the capture of bin Laden, a public trial and sentencing for his crimes. Unfortunately, this just raises further questions.

Where would this trial be carried out, what real evidence is there, what kind of jury could be empanelled and how can he be sentenced?

Are those complaining about the killing of bin Laden really claiming he should have been put out in front of a twelve person jury in New York City, and would he have received a life sentence or faced the death penalty?

A public jury in New York could never have reached an impartial verdict on this man, a life sentence would have been a waste of money and he has already faced his death sentence.

It is also important to remember this man was an independent citizen, not a recognised head of state. The rest of the world may not have like Hussein, but he was the leader of Iraq.
War crimes trials in The Hague are reserved for heads of state, and their colleges, who have oppressed, tortured and killed innocent members of their population. Under no circumstances does bin Laden fit any of these criteria and so the only way it would work would be for him to face a normal criminal trial under a terrorism act.

A major problem arising here is his trial would not have been an acceptable piece of justice and would more than likely have served as a target or monument in itself for jihadist Muslims around the world. The fact the Americans did not want him to be martyred was the primary reason for burying him at sea instead of in a land-based grave.

The fact which goes against the grain the most in this situation is the fact he was unarmed at the time of his killing. He made no effort to surrender (hardly a surprise) and apparently there were weapons near at hand (again not shocking).

As the Archbishop of Canterbury Dr Rowan Williams said the killing of an unarmed man leaves “a very uncomfortable feeling”. It is hardwired in to every decent persons mind to not kill an unarmed person purely because it is morally and ethically wrong.

This argument has been used by those questioning the tactics used by the Americans during this raid, but strangely this has never been raised about any other terrorist killing, although admittedly none have ever been this high profile.

The public would never shed a tear (admittedly nobody cried over the death of bin Laden) over the killing of an unarmed drug lord in Columbia, a renegade general in Africa or a murderer in any other country. So why is this issue so high on the public agenda now?

Is it simply because of the high profile nature of the target, or is it because this man has been top of the FBI most wanted list for more than a decade now?

It is important in this situation to remember the situation and the man we are dealing with. This was not a crazed leader oppressing his people or a dictator throwing opposition leaders in slave labour camps. He was a terrorist at the head of a small group of disillusioned Muslims and a target of war.

Many things during the war on terror have disgusted people including the torture of prisoners at Abu Ghraib and the indefinite detention of terror suspects at Guantanamo Bay.

These things are unacceptable and avoidable, a night raid of a compound in Pakistan and the subsequent killing of a terrorist leader is not.

Could this situation have been handled better, maybe, and would it have been better for him to stand trial for what he has done in accordance with developed legal systems, certainly, but nobody opposed to the killing has been able to explain how it could have been achieved.

The world is a better place without this man and although his death will probably do nothing to quell the resolve of his followers it may just be one of the final coffin nails.

On a personal note I was pleased to see his body was buried in accordance with Islamic customs. It was vital for the world to see the Americans treat an Islamic body with the respect it deserves in accordance with the customs of the religion.

Monday, February 07, 2011

Riots in Paradise – Overnight Democracy


Many, if not all, of us have been surprised by the protests now seemingly sweeping across North Africa and the Middle East with the people calling for freedom of speech and democracy, but how effective will this be and what does it mean for the world?

Surely nothing bad can come out of pro-democracy rallies in countries where the leaders are de facto dictators? Many rulers in these countries have been in power for over 20 years, imprison political opponents and oppress their own people.

Calls for free elections, freedom of speech, association and press are all issues the West has been keen to promote in Islamic nations as part of the war on terror. Democracy is good, personal freedom is good and the people standing up to dictators is good, but what will be the eventual result of these protests?

In Egypt the major complaint has been President Mubarak sacking his cabinet, but refusing to stand down himself. In Tunisia the new government, formed after President Ben Ali fled the country, includes many politicians closely associated with the ousted administration.

It is true democracy takes time. Elections in other parts of the world, such as Iraq and Afghanistan, have taken months to resolve, been subject to voter fraud and have produced questionable results. These problems are something the people of Tunisia and Egypt will be keen to avoid.

These are not war torn countries. For years they have been led by acceptable dictators. Any voting problems will undermine what the protests were about and not bring the changes desired.

This means it may take months, or possibly years, before free and fair elections are held in these countries to ensure they are indeed free and fair.

In the mean time the people will have to remain strong to ensure their ideology is not drowned out by anther de facto dictator simply taking over, but there are major problems in these countries.

Mass unemployment was the catalyst for Tunisia. This is not an issue likely to disappear overnight. A strong government and foreign investment will be required to solve this problem and it would be all too easy for Tunisians to fall back into the usual rotation only to realise down the line they have achieved nothing.

Hypothetical time. The protests are successful across Tunisia, Algeria, Egypt and other parts of the arab world. In the near future political parties are formed and there is a general election is held which is externally moderated and appears to go off without a hitch. Who is likely to win?

This is where we run into a problem. The West was never keen on some of these leaders, but it suited us to ignore the dictatorial tendencies to have them on our side. The new guys may not be on our side and could in fact stand for things we really do not like.
Is it completely out of the realm of possibility these elections result in Islamic extremists taking over in these countries. The hot beds of extremism are in the poorest areas. A new political leader promising a strong Islamic state to the poor and needy may sound like a fantastic idea to the people, but not to others.

We are told to have faith in the people and a belief in what democracy can give us, a future we get to pick. These are important countries in an area everyone is dependent on.

Egypt, Tunisia and Algeria are important trading points from North Africa to Europe, the Americas and Asia for, among other things, oil and natural gas. There is the possibility of this spreading to the Middle East, protests have already been reported in Yemen about the same issues.

Maybe, just maybe, the people will make the right choices and elect a progressive government in these countries to improve the situation in Islamic Africa and the Middle East. The West needs true allies in these areas, not these dog and pony show governments we call allies.

Anybody want to call the odds on which way this will go? Entire peoples are looking for change in countries unfamiliar with what it involves. Will they vote for strong Islamic state, or global partner?

Wednesday, January 12, 2011

Bankers Refusal


Welcome to 2011. A new year, a new start, but the same old problems. Financial regulation and bankers bonuses will be high on the agenda this year across the world as governments of all stripes try to put the recession behind them.

Bankers have been the evil face of the recession, with billions in taxpayer’s money being funnelled into failing organisations across the world, but it has proved difficult for any government to make headway in regulating both the actions taken and the bonuses given by financial institutions.

Why is this? Most, if not all, people agree the actions of the bankers involved in sub-prime mortgages and high-risk investment strategies were, at the very least, a catalyst for the problems now being seen world wide. So how come no government has been able, as yet, to heavily crack down on them.

Take the UK as an example. Currently the new coalition government is rolling out its austerity measures with the hope of eliminating the deficit in five years. This has included slashing the budget of almost every government department, a hike in university tuition fees and an increase in VAT to 20%.

Essentially what has happened is the ordinary people have to pay off national debt, put up with public service cuts and pay more for everyday goods because of a problem caused by the banks.

It is true large budget deficits are not good for any economy. They reduce business confidence, discourage foreign investment and can lead to unemployment and high inflation.

Financial services are also vital to the economy. The countries most affected by the credit crunch all have, or maybe had, large financial sectors, generating huge quantities of money, tax revenues and investment.

The question continually arising here is why the banks continually refused to take responsibility for what they caused and accept the part they should play in helping countries out of their current predicaments.

This time last year The Royal Bank of Scotland, which received a huge bailout from the government, defended its bonus strategy saying it had to attract and keep top bankers. Many people, myself included, criticised them for this arguing its current predicament showed they had no banking talent to keep.

On 11 January this year the new head of Barclays Bob Diamond said it was time for the public to stop blaming the banks and bankers and allow them to get on with their job as they see fit.

Their economic importance aside, this is just arrogance of the highest nature. A lack of regulation allowed the banks to cripple themselves, and every global economy, because of unnecessary risk taking, and the bonuses they are still receiving are several times the national average income.

Let us face facts, bankers are not badly off, and while people are all in favour of annual bonuses being paid to those who have earned them through hard work, it is ridiculous to have them written into a contract.

The Oxford English Dictionary defines a bonus as a sum of money added to wages for good performance or an unexpected extra benefit. How come etymologists understand more about how benefits should be paid than bankers?

So far this has been a bit abstract and a repetition of what most of the general public feels about bankers currently, so lets have a bit of perspective.

Public transport ticket prices in London have risen 8% on 2010 prices. Although this might not sound like much a monthly tavelcard for all zones in London cost around £170. Per month they now cost £13.60 more, £163 more annually. A 2.5% increase in VAT to 20% is a regressive tax as it cost low income earners more in percentage terms than high income earners. University fees will now be doubled to slash the government budget for higher education, but this means children from lower income families will be put off entering higher education due to the debt levels they will incur.

At the same time bankers still have bonuses written into contracts, many of which would allow them to buy and run a luxury car, write off any price increase and send their child to university without even having to break into their basic salary.

This issue has always had the second thread of regulation. The political right will tell you increased regulation is bad for business, while the left tells you less regulation means organisations will not act responsibly. As with most things spilt along ideological grounds, both are wrong.

No business will act responsibly unless they are forced to. Privet companies, as utility companies have shown us, act only to make a profit. However, if you hem in companies to act a certain way it takes any fluidity out of the market and punishes innovation.

Again we must look back at the causes. Excessive risk taking, with the sole aim of making a larger profit, caused a crisis which crippled almost every economy in the world.

For bank now read power station. If a power station had burnt down or exploded because the company was trying to make power faster to make more profit would the operators still be running the company. Of cause not, they would be serving prison sentences for criminal negligence and the inspection procedures at all power station would have been ramped up.

What if an international delivery company had lost several thousand packages? This would not have led to criminal prosecution, but would certainly have led to a revamp of the process and additional supervision.

Governments have issues with attacking banks. They are generally very powerful organisations which have high stakes in national debt, generate huge tax revenues and encourage investment in the country.

One of the major fears has always been banks leaving the country if increased regulations were implied or bonuses were taxed leaving the country in an even worse state.

However there are ways of dealing with both the regulatory issues and bonus culture without damaging the banks.

With bonuses there should not be a tax, plain and simple. The bankers will receive their bonuses in shares in the bank. This would mean their bonus value is directly linked to the performance of the bank. This has been thrown around before, but has never been implemented or properly discussed and no reasons have been given as to why this would not work.

In terms of regulation many people would argue it is time for the bankers to get off their high horse, admit they were to blame and to stop acting like petulant children.

No other industry in the world would expect to cause a global crisis and not get punished, and the banks have not been punished. Yes, we understand the burdens of regulation, but a lack of regulation allowed this to happen so surely it is the only option.

Problems do arise though. As already mentioned banks can move abroad to countries with lesser regulation causing a sudden plunge in tax revenues and investment, not a good thing for countries limping out of recession.

What needs to happen is a global deal on how to regulate the banks. This was a global crisis and as such requires a global solution, not 50 different ones varying from country to country.

The nuances of any deal are more difficult to explain, but independent auditing of records, stronger penalties for those who take excessive risk and an end to sub-prime lending are obvious places to start.

It is time the banks realise they work not just for themselves, but for the people, understand if it was not for intervention many of them would no longer exist and accept their greed caused the problems everyone is now facing, including unemployment, rising prices and public spending cuts.

Cyrano de Bergerac said “The insufferable arrogance of human beings to think that nature was made solely for their benefit, as if it was conceivable that the sun had been set afire merely to ripen men's apples and head their cabbages.” We appreciate the role the banks play, but nobody likes to pay for other peoples mistakes, and it was the banks mistakes.

To have the arrogance to turn around afterwards and claim you should be left alone with no punishment is an insult to the millions of people who now struggle to find work, cannot pay the mortgage and find it impossible to get a loan from a bank bailed out by their money

What the public feel now is not malice, but utter disappointment and frustration at the lack of action taken and the problems they must now face all because the banks want to get back to making obscene profits.

Nobody else in the world would be able to get away with doing what the bankers have done or as Napoleon put it “Never ascribe to malice that which can adequately be explained by incompetence”.

By the way, this is not a new issue. Chief Justice of the US Supreme Court Earl Warren once said “I hate banks. They do nothing positive for anybody except take care of themselves. They're first in with their fees and first out when there's trouble.”