Now, I'm not going to go to deeply into religion, and I don't know the chapter and verse of the Bible this comes from, but Jesus once said, at the Sermon on the Mount;
"Do unto others as you would have them do unto you."
This is an ethic of reciprocity known most commonly as "The Golden Rule".
How does this connect to and relate to my great insight?
Ever since The Credit Crunch began, one of the things I keep hearing on news stories about it is how banks are afraid to lend each other money, but are instead hoarding their cash because they don't trust the balance sheets or asset valuations of other banks.
This says a lot about the state of mind of all banks, and reveals a "Banker's Golden Rule" which is;
"Suspect others of trying to do unto you what you would like to be doing unto them if you could."
The more you are suspicious of being cheated by others, the more likely you are to try and cheat others yourself.
In other words, the banks paid caviar prices for baked beans, and hope they can convince other banks that their beans are really caviar.
So, since trust has departed the world for now, and doesn't look like it will be coming back any time soon, everyone in the banking and credit industries have seized up and become so tight, if they swallowed a lump of coal, they'd shit a diamond.
This also puts me in mind of a line in the Bette Midler song The Rose about the one who won't be taken. Bette says it better in the song though, so follow the link.
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