If companies are people too, why aren't banks in jail?

Jump to Last Post 1-6 of 6 discussions (8 posts)
  1. LetitiaFT profile image82
    LetitiaFTposted 6 years ago

    If companies are people too, why aren't banks in jail?

  2. profile image0
    JThomp42posted 6 years ago

    Because of the greed and corruption on Capitol Hill. Don't think for one moment that these politicians aren't bought and paid for by these banks lobbyists. Very sad predicament, But it's the one we are in.

  3. Articulate97 profile image61
    Articulate97posted 6 years ago

    I have held the view for many years, that Bankers manipulate peoples accounts including the manipulation of products which are promoted to Clients to maximise their Profits and extend their Balance Sheet with sizable returns. Of course upon a daily basis they employ hundreds of people in Big Sheds watching peoples Accounts and are poised ready for 5.30pm to switch all balances into one pot of Money to go straight onto the Money Market to exchange currency to show a returned interest rate for themselves. They then have the audacity to charge interest on all overdrawn accounts eccessively. They are NOT to be trusted under any circumstances. Furthermore, it is wise to spread any wealth across multiple Bank Accounts with Alternative Banks, as much as practically possible.  The less a Bank knows about the trends developed by a Customer - the better!!

  4. LandmarkWealth profile image78
    LandmarkWealthposted 6 years ago

    It is a figure of speech.  Corporations are simply a collection of people.  Sometimes a large collection and sometimes small S-Corps.  The point is that whatever hurts the company will simply be passed on to those employed there and eventually the consumer whom they service.  When a company goes out of business it clearly effects the lives of the employees.  When a company is doing well and expanding, they commonly hire more people to service the need from increased aggregate demand.  There is a simbient like relationship.  Two attempt to seperate the two is some mythical utopia that many politicians like to perpetuate to demonize profitable entities.  When in fact if a company is highly profitable and does so within the confines of the law, this should be applauded rather than demonized.  Only a profitable entity creates new employment.  Those same profits in public entities are passed on to shareholders, which in large numbers are pension funds, education endowments, 401k plans, charitable giving trusts...etc

    While a company can't be put in Jail, employees can be.  Many officers of companies have been imprisoned for illegal activity. Ask Dennis Koslowski from Tyco.  However, a company can be fined.  That is common as well.  Sometimes rightfully so and sometimes as a form of extortion.

    To single out banks is a convienent scape goat in the recent financial crisis.  However, let us not forget that it was the Federal Gov't that manipulated the housing market for more than 30 years.  Particularly the last 2 decades in the MBS market through artificial demand and liquidity created by the GSE's and produced this unsustainable housing bubble.  They bought up anything the banks would issue until the GSE's collapsed.  Then blamed the banks for issuing the securities that the Federal Gov't told them to issue so they could buy them up.  All to support the false notion that everyone should own a home, regardless of financial resources or personal responsibility.

    1. profile image0
      Casimiroposted 6 years agoin reply to this

      In the U.S. it is no longer a figure of speech. The Supreme Court decision on Citizens United said corporations have the right to free speech and thus can make *unlimited* political contributions.  It's completely warped the electoral process.

    2. LandmarkWealth profile image78
      LandmarkWealthposted 6 years agoin reply to this

      I don't see that as warped.  They are a colection of people with positons they want represented no different than private unions.  They're positions can be affected by the populaton as well.  If you don't like a stance boycott their products.

  5. maomao198x profile image60
    maomao198xposted 6 years ago

    That's easy. You can't say you really believe that all the guilty people will end up in jail. Fairness and justice are always relative.

  6. profile image0
    Garifaliaposted 6 years ago

    Probably because companies are run by little people who are ruled by wealthy tyrants who pull the strings any which way they see fit.

    It reminds me of "absolute power corrupts absolutely"

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)