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Srila Prabhupada[Posted July 4, 2010]

The Bank Robbers: going for the big loot



A.C. Bhaktivedanta Swami

If you're going to do something, might as well do it all the way

bank robbery The Nation April 29, 2010 - CHRISTOPHER HAYES

Goners



Until last week, I'd never heard of "IBGYBG." But during the Senate Permanent Subcommittee on Investigations' eye-opening hearings into ratings agency malfeasance, former Moody's senior credit officer Richard Michalek introduced me to it while testifying about the perverse incentives that dominated the industry. On the investment bank side, he said, bankers were looking to score the one-time fee from whatever securitization deal they were asking the agency to rate, and move on to the next deal. The incentives for the bank, Michalek said in prepared testimony, were clear: "get the deal closed, and if there's a problem later on, it was just another case of IBGYBG—I'll be gone, you'll be gone."

..."I'll be gone, you'll be gone," a revealing piece of banker slang, and as succinct an expression of the logic of looting as you'll find. Imagine you and a friend encounter an unlocked BMW on a deserted street with a shiny new iPad on the back seat. And imagine how horrified you'd be if your friend suggested you grab the device and jet, since, well, "I'll be gone, you'll be gone."
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Averting our eyes
Daylight Robbery A.C. Bhaktivedanta Swami

Simply spoiling their time and public money. That's all. Simply spoiling. But public have no eyes to see them. They're also rascal. Therefore my Guru Maharaja used to say that the whole society's now combination of cheaters and cheated. That's all. The cheated want cheaters, and cheaters take the opportunity of the cheated. more

Submit to God or to dog


excerpt from conversation, Los Angeles, April 29, 1973

PRABHUPADA: In the Bengali there is a proverb that if I to, if I have to steal and become a thief, why not plunder the government treasury? Why pickpocketing? If I have to be punished as criminal, as thief, let me plunder the government treasury and then let me go to jail. So this is our policy: if we have to submit to somebody, why not the best and perfect? That is our philosophy. You cannot avoid submission. That is not possible. Who is there who does not submit to anyone? Find out anyone. If you, if a man has nobody to submit, he brings a dog and submits to him. The dog is passing stool. He's standing. He's submitted to the dog. The dog is passing urine, he's submitting: "Yes sir, you pass your urine. I take care of you." This is the nature. If you do not submit to God, then ultimately you have to submit to the dog. This is nature. You cannot avoid it. You have to submit. There is no other way. Because your position is like that. Without submitting to one, you cannot live. Jivera svarupa haya nitya-krishna-dasa [Chaitanya-charitamrita Madhya 20.108-109]. This is the philosophy given by Chaitanya Mahaprabhu.

SVARUP DAMODAR: Ultimately when death comes, we have to submit to...

PRABHUPADA: Yes, one has to submit to death. Yes.



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