Quick question for you.
Does anyone honestly feel that tapping a phone is worse than cheating, rigging, stealing billions and very nearly destroying our country?
Some bankers should be in jail, the whole country knows it.
If we are not going to jail these charlatans because they are too big to jail then surely the least these pretender capitalists can do is stump up some cash to buy some planes for these new aircraft carriers?
Come on now boys, just sell some of those assets you bought with all that freshly printed QE money that was meant for the public.
It completely passes me by how these bankers continually ‘evade’ prosecution.
Too right they should be putting something back into the economy, than constantly dragging it (and us) down.
Why has the ICAEW taken no action against the Auditors (laugh).
They probaly don’t have the knowlege and skills to take on the big boys and so they are complicit. Or is it a case of those who pay the piper …………
Absolutely right! What we have is corporatism, and not capitalism. Adam Smith is probably rolling in his grave right now.
We have a political establishment who are planning their next role on the Board of a corporate giant, and not interested in serving the needs of the people who put them in power – the electorate. They allow these monoliths to write government policy on energy, finance etc (just wait ’til TTIP shows up!) whilst trying to fool the public into believing that somehow the state we’re in is down to migrants and the public sector.
In Iceland, bankers were jailed, loans were written off, the bond holders took the pain (that is capitalism after all), and they recovered much quicker than we did, and although the UK is reputedly doing better than most European countries, we’ve still some way to go.
Over here and the U.S., banks have been caught money laundering big time for Mexican drug cartels, and just been given fines (despite the fact that around 20k mexicans have died in the last 10 years or so as a result of the drug wars).
See http://www.theguardian.com/world/2011/apr/03/us-bank-mexico-drug-gangs
Also:http://www.huffingtonpost.com/tag/wachovia-money-laundering/
Some have even said that the beginning of the 2008 crisis was in part due to the funds from this bank being shut off as so much of it was drug money, hence causing a liquidity crisis. We use soft soapy words like ‘mis-selling’ instead of describing what it really is…systematic fraud and theft. When a crisis hits a bank (e.g. Barings), it’s pinned on a sole ‘rogue trader’ and treated as a one off, punishing the individual instead of examining the culture of the body corporate behind the whole debacle. There have been no prosecutions for LIBOR rigging, and money continues to be printed to fund share buy backs, to manipulate share prices, and yet if I said “I’m going to print some notes in my garden shed to help myself” I’d be arrested.
The sooner the right wing revolution comes a long and kicks bankers and politicians into jail for a long the better it will be for all reasonable people
not too extreme given who we are dealing with once thats sorted we can clear the decks and start with some tough laws in place
agreed people acted hideously irresponsibly but now get behind the banks as they are now under new owner , and respect the staff who work on branches who had nothing to do with the crash but have to bear the brunt of the publics outrage, look to support local branches who are now here to support he local community , the bank of Scotland has now removed all branch sales targets, and are now left to run themselves to treat customers properly ,