Tuesday, January 25, 2011

Wall Street Partying in Davos

Jesus tells us in Matthew about the time before the rapture;


36 “But about that day or hour no one knows, not even the angels in heaven, nor the Son, but only the Father. 37 As it was in the days of Noah, so it will be at the coming of the Son of Man. 38 For in the days before the flood, people were eating and drinking, marrying and giving in marriage, up to the day Noah entered the ark; 39 and they knew nothing about what would happen until the flood came and took them all away. That is how it will be at the coming of the Son of Man. 40 Two men will be in the field; one will be taken and the other left. 41 Two women will be grinding with a hand mill; one will be taken and the other left.

So it would seem that people are pretty much going to be going about their normal lives....oblivious of what is about to come.

As I read this headline about Wall Street starting to light up the party again...after they almost collapsed the entire global financial system...I was reminded of our Lord's words.

Wall Street Partying in Davos



The bankers will be coming to Davos, Switzerland, with a renewed sense of confidence. JPMorgan Chase & Co.’s profits last year were the highest in the bank’s history, and Citigroup Inc. returned money to the U.S. Treasury and reported its first full- year profit since 2007. Governments have so far opted against breaking up or levying extra taxes on banks deemed too big to fail, and the Basel Committee on Banking Supervision, which sets global financial-regulatory guidelines, isn’t requiring lenders to meet new capital standards until 2015.

That means banks will be spending on parties. JPMorgan upgraded its cocktail reception to the Kirchner Museum from last year’s event at the Tonic Piano Bar at Hotel Europe Davos. Bank of America’s Moynihan and the firm’s other top executives will meet clients for drinks on Jan. 27 at the Steigenberger Grandhotel Belvedere -- the same night Morgan Stanley’s Mack is hosting a private dinner at restaurant Gasthaus in den Islen. Standard Chartered Plc andDeutsche Bank AG are both hosting events at the Belvedere the following night.


Sounds like they are pretty excited at the prospects of resurrecting Mammon again. Sounds like they are in Switzerland eating and drinking, partying, planning for the future...while they are totally oblivious to the season we are in....just like the people in the days of Noah.

Nothing new under the sun.

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