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. #41
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    Harry Guerrilla's Avatar
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    Re: Bankers or Criminals?

    Quote Originally Posted by lpast View Post
    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
    Madoff got prison time for his theft.
    If there were actual crimes, then punish them, but don't stop with the lenders, punish the borrowers too.

    The problem I have with what you say, is that it's a sweeping generalization.
    You accusing a whole industry when it was select individuals who did bad.
    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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  2. #42
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    Re: Bankers or Criminals?

    Quote Originally Posted by Harry Guerrilla View Post
    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.
    They let Lehman Brothers fail, why not all the other speculators - as long as they're separated from the lending banks?

    But I agree the Fed would still bail out failed lending banks - they always have - but that was never a problem until the speculators got into the mix. Like I said, we need to separate Church and State, again. It was a mistake to ever let them merge into one entity and I've thought that since they first allowed it.
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  3. #43
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    Re: Bankers or Criminals?

    Quote Originally Posted by MoSurveyor View Post
    They let Lehman Brothers fail, why not all the other speculators - as long as they're separated from the lending banks?

    But I agree the Fed would still bail out failed lending banks - they always have - but that was never a problem until the speculators got into the mix. Like I said, we need to separate Church and State, again. It was a mistake to ever let them merge into one entity.
    That's true.
    I'm just not sure though, I mean lending in itself is speculation.
    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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  4. #44
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    Re: Bankers or Criminals?

    Quote Originally Posted by Harry Guerrilla View Post
    Madoff got prison time for his theft.
    If there were actual crimes, then punish them, but don't stop with the lenders, punish the borrowers too.

    The problem I have with what you say, is that it's a sweeping generalization.
    You accusing a whole industry when it was select individuals who did bad.
    Madoff isnt and wasnt like most recently JP Morgan and Jamie Dimond...madoff robbed the rich...Dimond robbed all of us to make the rich richer

  5. #45
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    Re: Bankers or Criminals?

    Quote Originally Posted by lpast View Post
    Madoff isnt and wasnt like most recently JP Morgan and Jamie Dimond...madoff robbed the rich...Dimond robbed all of us to make the rich richer
    If he broke the law, then by all means, he should go to jail.
    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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  6. #46
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    Re: Bankers or Criminals?

    Quote Originally Posted by Harry Guerrilla View Post
    If he broke the law, then by all means, he should go to jail.

    Thank you Harry and this is why I have the utmost respect for you...

  7. #47
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    Re: Bankers or Criminals?

    Quote Originally Posted by Harry Guerrilla View Post
    That's true.
    I'm just not sure though, I mean lending in itself is speculation.
    Yeah - but if your business is actually on the hook for it, you tend to be more cautious about acceptance.

    Ed:
    I also don't buy into "the government made me do it!" excuse.
    Last edited by MoSurveyor; 01-07-13 at 11:10 AM.
    Mt. Rushmore: Three surveyors and some other guy.
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    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

  8. #48
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    Re: Bankers or Criminals?

    Quote Originally Posted by Harry Guerrilla View Post
    If he broke the law, then by all means, he should go to jail.

    I'm not trying to condemn all banks with this thread. We're talking about a lot of banks when you consider all the offices owned by B of A, JPMorgan Chase, Citibank,etc. That would probably be tens of thousands, close to a hundred thousand. It's only the really big ones that seem to be systemically crooked. Local banks, Credit Unions, etc. are still organized around LOCAL events and economies and not part of the gov't/banking fraud. I use the word fraud because to have accomplished this loan, books had to be cooked. To maintain the low interest levels on debt with increasing demand, rates must be manipulated. To prevent prosecution, regulators must be compromised. In my opinion, "the bigger the bank, the bigger the crook." A good banker is a friend, asset and foundation in local communities. The banks we are incriminating are scumbags in Armani suits with silk ties and chauffered Mercedes and very nice stock options.

  9. #49
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    Re: Bankers or Criminals?

    Is it possible that all the loans were arranged to increase liquidity at the Federal Reserve? It is the FED that is buying US Treasuries. It takes lots of money to buy trillions of dollars of US Treasuries (Bonds). Is this where the basic Economics 101 multiplier comes into play. The Fed wound up with $1.4 trillion in cash deposits and could loan how much with that, using its own rules? 900 %? This whole scheme reminds me of the method Putin used to buy Russia's OIL/GAS industry for Russia, outwitting Exxon/Mobil and JPMorgan Chase. A real paperwork wonderland.

  10. #50
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    Re: Bankers or Criminals?

    Quote Originally Posted by DaveFagan View Post
    Secret and Lies of the Bailout | Politics News | Rolling Stone

    Secret and Lies of the Bailout
    "It has been four long winters since the federal government, in the hulking, shaven-skulled, Alien Nation-esque form of then-Treasury Secretary Hank Paulson, committed $700 billion in taxpayer money to rescue Wall Street from its own chicanery and greed. To listen to the bankers and their allies in Washington tell it, you'd think the bailout was the best thing to hit the American economy since the invention of the assembly line. Not only did it prevent another Great Depression, we've been told, but the money has all been paid back, and the government even made a profit. No harm, no foul – right?Wrong."


    Read more: Secret and Lies of the Bailout | Politics News | Rolling Stone
    Follow us: @rollingstone on Twitter | RollingStone on Facebook

    Secret and Lies of the Bailout | Politics News | Rolling Stone

    This is a lengthy read, but a real eye opener. Do yourself a favor and read it.

    Are all bankers crooks?

    Were we honestly advised by our gov't officials?

    Is it too late to prosecute?

    The Federal Reserve CORPORATION increased its deposits over $1 trillion as a result, are they part of the deception?

    Does the $1.4 trillion deposited in the FED allow them to lend $14 Trillion to purchase US Treasuries?
    Are all bankers crooks? No, I'm sure there's a couple honest ones out there. However, this bailout; both the government and the banks knew exactly what they were doing. For both the politician and the banker I say off with their heads. Often times the government and aristocracy need to be reminded of who just holds ultimate power.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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