At what point do these criminals go to prison? If it was an average citizen rigging markets so they could make billions they would be hung up by their toes. Because it is ultra wealthy bankers they are fined for their crimes. And who the hell gets these billion dollar fines. They are part of the conspiracy! The fine equals to be their cut on the scam. I can't believe this goes on over and over again and people are basically oblivious to it's going on. Is anyone else appalled by this? http://money.cnn.com/2015/09/28/news/companies/bank-investigation-metals-market-switzerland/index.html?iid=hp-stack-dom
Masters of the Universe don't go to prison. Where'd you get that strange idea from? Prison is for the regular people. If you're an enormously wealthy and influential banker, you get to pay a fine using someone else's money. Namely the money belonging to the shareholders of the bank you run. And all those bank shareholders are daft enough to think this is a form of justice - even as bank CEO's Chairman, CFO's etc., laugh out loud at their stupidity. That's education and media spin for you. Bank robbery by bankers is de-rigueur.
Right! If you or I rob the bank they will throw the book at us 20 years federal sentence. If the bankers steal from their customers though, the government gets their cut in fines, and the sheepeople believe justice is served. Well I got this to say to those (*)(*)(*)(*)en idiots! "Quickly purchase a gun while you still can and do the world a favor & use it on yourself" "Stupid (*)(*)(*)(*)ing ignorant (*)(*)(*)(*)S"
Considering only 1 person cared enough to even comment on the recent bank scandal confirms your post Sly. They are to busy arguing with each other about what new politician they want to stick it up their rear.
This isn't new information other than that it is finally being investigated. Rolling Stone magazine did an article on this 2-3 years ago at least about how the Financial Services Modernization Act has lead to what they called warehousing schemes to drive the prices of metals through the roof. That they are unwinding it is probably why people who deal in scrap metals have seen that market collapse over the last 18 months.
Seems to me to be a symptom of increased WTO trade activity. After all, it's global business and multinational corporations that uses those banks and implements exchange rates more than anyone. Global trade has not been a good thing. It is based on a false, unsustainable economy of petroleum.
You can not force the banks to comply the constitution with peaceful protest because the government sends the police who terrorize the citizens. [video=youtube;45VGFgiFu7Y]https://www.youtube.com/watch?v=45VGFgiFu7Y[/video]
what I find amazing is loretta lynch will go after the banks, but she makes no mention of politicians who trade based upon privileged information due to their positions... although I know why she doesn't go after them, because they passed a law making it legal for them to do so... heh can't prosecute them for doing something they made legal for themselves... but if anyone else in america outside of an elected official did what they do, loretta lynch could put them in prison for decades... so I guess my question is when will people stop being distracted by the banks, and start going after the politicians... ever wonder why a middle class income politician with little net worth, ends up leaving in the upper class with massive amounts of net worth... its because of all the stocks they were able to trade based upon laws they knew were or were not going to pass and what companies or industries they would effect, and they were able to make trades before this information came out to the public that something would have enough votes to pass... classic crimes made legal by the law makers... ironic thing is their money ends up in many of the banks named in this... heh...
Jamie Dimon keeps getting away with it doesn't he. The problem with bank CEO's - which I have personally experienced - is that they never, but never, put their instructions in writing and therefore, there is no evidence against them. At worst it becomes a my word - his word argument and regulators and law enforcement are always inclined to believe the CEO/Chairmen over their employees, as the latter as accepted as scapegoats. And as I have often noted, the entire justice of fining banks for illegal conduct by executive must be the biggest joke of all time, because the bankers themselves who are the guilty ones, don't pay the fine, it's the bank shareholders who pay the fines. The bankers get away scot free laughing behind their hands. This clearly, for me anyway, shows what a fix the whole concept of regulators really is. Just charge the executives with crimes and take them to court and where found guilty, imprison them. Do this once and the volume of illegality in banking will plummet drastically. Do it twice and virtually no more executive level illegality will occur and the execs will set in place controls to prohibit less senior staff from potentially compromising their employers with criminal acts. It's really simple. And that's why it never happens. The whole edifice is crooked.
