View Poll Results: Should the Bankers be prosecuted?

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  • YES

    24 70.59%
  • NO

    4 11.76%
  • CHOP THEIR HEADS

    6 17.65%
  • NO, EXPLAIN PLEASE

    2 5.88%
  • I DIDN'T WANT TO KNOW ABOUT THIS

    2 5.88%
  • YOU CAN'T TRUST ANYBODY

    3 8.82%
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Thread: Bankers or Criminals?

  1. #31
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    Re: Bankers or Criminals?

    Quote Originally Posted by apdst View Post
    It's foolish, since the banks were only following the regulations that were forced upon them by the government. If anyone should be prosecuted, it should be the politicians that forced these banks to make loans to people that couldn't afford to pay them back. I mean, a bus driver gets a loan for an $800,000 home? Gimme a break!!
    Exactly correct. The banks then became culpable themselves though, when they bundled the bad loans and passed them off to unsuspecting buyers. An action they saw as necessary to protect themselves from what the government made them do in the first place. The government really put the banks in a bad position.

    It's easiest for the loons on here to just hate the banks because that fits their rigid mental templates. What liberal alive would ever point a finger at the beloved Barney Frank? Something else maybe.

  2. #32
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    Re: Bankers or Criminals?

    Quote Originally Posted by Ray410 View Post
    Exactly correct. The banks then became culpable themselves though, when they bundled the bad loans and passed them off to unsuspecting buyers. An action they saw as necessary to protect themselves from what the government made them do in the first place. The government really put the banks in a bad position.

    It's easiest for the loons on here to just hate the banks because that fits their rigid mental templates. What liberal alive would ever point a finger at the beloved Barney Frank? Something else maybe.
    You contradict yourself. If all those bad loans followed government regulations for government loans then the government would have been backing them up and the banks would not have had to cover their asses.

    As it was, many banks went hog wild ignoring government rules in an attempt to make their origination fees knowing full well they could sell off the bad loans before anyone figured out they were bad thereby absolving themselves of any financial responsibility for them and freeing up their assets so they could continue making bad loans and collecting their origination fees.
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  3. #33
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    Re: Bankers or Criminals?

    Quote Originally Posted by Wake View Post
    The rich have been feeding off the poor, while sending jobs overseas. Because of this we increasingly see the poor feeding of the rich, in order to survive.

    By their very nature I think bankers are in a group that contains prostitutes, lawyers, and other highly selfish and money-grubbing people. Prosecuted? Show us their exact crimes, and mete out punishment in accordance to the laws.

    The government sent jobs overseas by burying American businesses with regulations, bureacrats and lawyers.

  4. #34
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    Re: Bankers or Criminals?

    A pitiful thread.

    Since most people finance their car, house and/or credit cards, then basically everyone should go to jail as co-conspirators.

  5. #35
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    Re: Bankers or Criminals?

    Quote Originally Posted by joko104 View Post
    The government sent jobs overseas by burying American businesses with regulations, bureacrats and lawyers.
    If a neighbor uses his front yard as an outhouse instead of paying for the sanitary sewer I'd ask him to use the sewer. If he refused to use the sewer I'd rather he move than continue stinking up the neighborhood and posing a health risk to us all - even if that meant his house was empty and my home-owners dues went up a tiny bit because of it. The government didn't drive businesses overseas. Businesses decided they didn't want to be good neighbors and left.
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  6. #36
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    Re: Bankers or Criminals?

    Quote Originally Posted by joko104 View Post
    A pitiful thread.

    Since most people finance their car, house and/or credit cards, then basically everyone should go to jail as co-conspirators.
    So if I buy a DVD at Walmart when Walmart, unbeknownst to me, is purposely selling tainted meat that kills people, I should somehow be culpable?

    Or if JiffyLube changes my oil and disposes of it in the creak out back (without my knowledge) then I'm responsible?!?

    OoooKaaay ...
    Last edited by MoSurveyor; 01-07-13 at 02:48 AM.
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    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

  7. #37
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    Re: Bankers or Criminals?

    First off what exactly is a banker?

    Secondly, what does a banker have to do to be prosecuted. Are we just going to prosecute them for being a banker. Should we prosecute people who used derivatives to earn money? I think the word bankers is just another made up word to hate the rich.

    People like to mention Iceland, but Iceland did not punish bankers unambiguously. They arrested the ones who took loans from their banks before they collapsed and then tried to hide the money. If people here haven't forgotten, US bailed out their banks. They didn't let them fail like Iceland did. No one on the left wanted to let the banks fail.

    I want to prosecute someone, but the first people on my list would be politicians who made the laws, and not the bankers who took advantage of them.
    Last edited by Camlon; 01-07-13 at 03:13 AM.

  8. #38
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    Re: Bankers or Criminals?

    Quote Originally Posted by Harry Guerrilla View Post
    There have been some, no doubt, but there's no perfect person on this planet.
    You're going to have criminals, although I don't know if I'd say they robbed billions off of people.
    Theres been tons of them harry...and theres been many in the last few years alone and they dont even get busted until they have stolen in the hundreds of millions...aside from that youre just like every other conservative...you just blow off the bigshot thieves.
    They all need prison time..big prison time

  9. #39
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    Re: Bankers or Criminals?

    Quote Originally Posted by DaveFagan View Post
    It would appear a few were trapped to bundle everyone into the same crime and complicity prevents prosecution, perhaps. I understand what you were alluding to, but what about the crimes.
    If there are crimes, they should be prosecuted.
    I however, don't feel it right, to hammer an entire industry or group of people, because of the acts of some.
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  10. #40
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    Re: Bankers or Criminals?

    Quote Originally Posted by MoSurveyor View Post
    We need to once again separate Church and State --- speculation and lending.

    I have no problem with the bank you describe. That's what a bank used to be and the world was a happy place. When we allowed traditional banks and "investment banks" (speculators) to merge is when we started having problems and why (IMO and many others) we were required to bail the bastards out to avoid further economic ruin.
    Banks are going to be bailed out, either way.
    The federal reserve is the lender of last resort.

    On the plus side, most of those guys paid the money back, with interest.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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