http://blogs.telegraph.co.uk/news/danie … p-bankers/
What do you think?
It's past time. And I'm talking about U.S. bankers, not necessarily U.K. bankers. Why? They reap huge personal profits while losing untold millions to stockholders. This amounts to theft.
NO! The time for civility is over: it is time to let our dogs poop on their lawn, to shun them socially, to take an ice pick their tires and pour industrial sovents on the hoods of their cars. Ok, I suppose we should lock them up, if only for their own safety.
Yes the bankers should be jailed. Those responsible should be investigated and treated like the common criminals they are.
As it stands, the investors, ordinary people who thought their money was safe put into bank shares, are the ones who will pay for this - not those who caused it. This huge fine will come out of bank dividends, because where else can it come from?
Oh so the top bankers 'won't take their bonuses this year'. They will take double next year to make up for it, on top of their enormous inflated salaries.
I'm not even sure I blame their top man, though he will likely take the flak.
Those who committed this crime should lose more than bonuses. A lot more. Like their freedom.
Not just the investors who were fleeced of their hard earned savings. The taxpayer as well. Every bit of federal oversight, federal loans, what-have-you is paid for by the citizens and other U.S. taxpayers.
We should never forget this.
And as such it becomes an entitlement program.
Yes Ralph Deeds...long overdue.
They should be placed in jail along with the politicians.
LOL. I mean, they should go to prison. But when they are the major source of campaign contributions, I expect nothing less than the spoils system to continue.
In one word with a punctuation: YES!
Even if it is a UK article, bankers throughout the EU and the US need to go under investigation and they need to be charged with crimes.
As a former successful, honest, and well respected banker / educator myself who understands the underlying structure, culture, and mentality, here are the uncomfortable facts -
Record Profits + Non-Existent Customer CD & Savings Yields = Unethical & Possibly Illegal Activity = Prison Time For Bank Executives -
It's virtually impossible for a financial institution to claim or officially report astronomical, unprecedented revenues as many have in recent months, yet payout so little of this windfall to deserving customers / investors without the existence of a long trail of questionable activity leading directly to Bank Execs - A trail of which might remain concealed indefinitely unless a proper investigation is conducted - The discrepancy and gigantic gap between grotesquely robust bank profits, in a time of unstable employment markets, verses dividend paid to the bank customer is an emerging and disturbing trend -
Just another example of greed driven individuals abusing a "Free, Relatively Unregulated Market Place", a system of which the Republicans so desperately thrive to maintain at all costs -
Long overdue http://www.rollingstone.com/politics/ne … a-20120620
In Iceland they did it already, the next country to follow is Ireland http://www.youtube.com/watch?v=XlY-n88tD2k
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