Thursday, November 20, 2008

Oh yes, those were the days

In an iteration of one of my previous lives/careers, I was an account manager for a major Canadian bank. I worked there from 1993 to 2001, and the last few years I was tasked with advising clients about their "overall financial strategy". In theory, this meant that I advised clients on all their financial needs: cash management, investments, and borrowing. One of the reasons I had to stop being a banker, among the several reasons I could truthfully cite, is that the whole system of One-Stop Financial Shopping was failing miserably. It was much easier to help clients get into debt than it was to put them on the road to financial independence. It didn't help that 85% of the population was, and continues to be, completely illiterate and willfully ignorant on even the most basic financial concepts. Nevertheless, I am pleased to report that the nightmares seem to have stopped. A few months ago, Zeus the Financial Planning Pig sent me a link to this video. If you've not been in the financial industry, you may not find it terribly funny. However, I promise that the client in this video could have been any of several that I "helped" from 1996 to 2001. At a minimum - and I know Zeus would say the same thing - everything this woman said to the financial planner was said to me at some time or other. Enjoy - but fair warning, there is an F-bomb near the end of the video.