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Bankers or Criminals?

Should the Bankers be prosecuted?

  • Total voters
    28
  • Poll closed .
DaveFagan

DaveFagan

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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?
 
banking is the new term used to describe the usuriousness in this capitalist world . so l dont think bankers are innocent!
 
I don't know about bankers executions but... definitely hard times ahead. :hitsfan:

 
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.
 
That was one of the biggest reasons for initiating this poll. It does show some criminal wrongdoing and its' facilitators. Looks like the facilitators all got lpromotions or made "clean" getaways, unless, we the people find a way to prosecute.
 
if they broke the law, then they should be prosecuted.

if they managed to seriously hurt our economy without breaking any laws, then that's an area ripe for regulation. i'd prefer to see regulation, as that helps make future crashes less likely.
 
Absolutely they should. Follow the path of Iceland!
 
Look...banks were created by the rich to hide and manipulate their money and anyone elses they could get their hands on...they make millions creating a web that no one can untangle or greed deceit and robbery..
 
Should "citizens" start a petition demanding prosecution and get enough signatures that a Federal level comment is necessary? Is that foolish, or practical? Sounds about like the "torture" deal and nothing will happen.
 
DaveFagan said:
Should "citizens" start a petition demanding prosecution and get enough signatures that a Federal level comment is necessary? Is that foolish, or practical? Sounds about like the "torture" deal and nothing will happen.
Click to expand...

Nothing will get them prosecuted to any extent...
 
Helix said:
if they broke the law, then they should be prosecuted.

if they managed to seriously hurt our economy without breaking any laws, then that's an area ripe for regulation. i'd prefer to see regulation, as that helps make future crashes less likely.
Click to expand...

The problem is the people who are making risky investments and then ask for taxpayer money when they fail give that money as campaign contributions to the people who write the laws.

So this kind of thing is never against the law because the people who make money by keeping legal pay lawmakers to not make it illegal.
 
samsmart said:
The problem is the people who are making risky investments and then ask for taxpayer money when they fail give that money as campaign contributions to the people who write the laws.

So this kind of thing is never against the law because the people who make money by keeping legal pay lawmakers to not make it illegal.
Click to expand...

you have a point. however, regulation usually catches up a little more after economic disasters. the public's patience with too big to fail is getting pretty short.
 
I have been saying for a long time that Wall Street is the new face of organized crime....
 
samsmart said:
The problem is the people who are making risky investments and then ask for taxpayer money when they fail give that money as campaign contributions to the people who write the laws.

So this kind of thing is never against the law because the people who make money by keeping legal pay lawmakers to not make it illegal.
Click to expand...
That's precisely correct. Their power is held in place by the strong arm of the government. What I find ridiculous is that the typical answer from both sides is that the government needs more power.
 
RabidAlpaca said:
That's precisely correct. Their power is held in place by the strong arm of the government. What I find ridiculous is that the typical answer from both sides is that the government needs more power.
Click to expand...

Or that businesses need deregulation so they can better succeed by being able to make risky investments. And when they make too many risky investments, they go those members of Congress in their pockets and ask for bailouts. Which, of course, they get.
 
samsmart said:
Or that businesses need deregulation so they can better succeed by being able to make risky investments. And when they make too many risky investments, they go those members of Congress in their pockets and ask for bailouts. Which, of course, they get.
Click to expand...

And you want to give these corrupt members of congress more power and more money? Interesting strategy. As long as we let the government play master market manipulator instead of just being the referee, we're going to have them constantly overstepping their bounds. Corporate welfare and bailouts are a prime example of this.
 
RabidAlpaca said:
And you want to give these corrupt members of congress more power and more money? Interesting strategy. As long as we let the government play master market manipulator instead of just being the referee, we're going to have them constantly overstepping their bounds. Corporate welfare and bailouts are a prime example of this.
Click to expand...

Please point out where I said I wanted to give members of Congress more power and more money.

Rather, if I had my way, the people would be able to implement federal laws via a national referendum so that the people could implement the kind of reforms they want that Congress is unwilling to implement.
 
Using some individuals definitions, I'm a banker.
I would agree in a limited circumstance.

What does a banker do?
She/He extends capital to people, who would otherwise not have it.
For the purposes of financing business and large purchases, like homes and cars.

I lent people money to refinance their debt, into a lower rate (my rate).
Is that evil, is that bad?

They asked and I obliged them, of course I made sure their income and obligations could support the repayment structure.

In total, "bankers" and "banking" has helped our world, far more than it has harmed.
 
lpast said:
Look...banks were created by the rich to hide and manipulate their money and anyone elses they could get their hands on...they make millions creating a web that no one can untangle or greed deceit and robbery..
Click to expand...


Nope, not true.

History of banking - Wikipedia, the free encyclopedia

If you went to a world without banking, you'd return mighty fast.
Probably clothed in animal skins, living in a gas hut, before you returned.
 
Harry Guerrilla said:
Nope, not true.

History of banking - Wikipedia, the free encyclopedia

If you went to a world without banking, you'd return mighty fast.
Probably clothed in animal skins, living in a gas hut, before you returned.
Click to expand...

I doubt that harry...but I do concede the point to you...now lets see if you will concede that their have been far too many big bank crooks that have robbed billions off the american people that got caught and never spent a day in prison.
 
Harry Guerrilla said:
Using some individuals definitions, I'm a banker.
I would agree in a limited circumstance.

What does a banker do?
She/He extends capital to people, who would otherwise not have it.
For the purposes of financing business and large purchases, like homes and cars.

I lent people money to refinance their debt, into a lower rate (my rate).
Is that evil, is that bad?

They asked and I obliged them, of course I made sure their income and obligations could support the repayment structure.

In total, "bankers" and "banking" has helped our world, far more than it has harmed.
Click to expand...

Then, as a banker, you should have read the linked article. Were the "Too big to fail banks" asked or qualified for your words, "of course I made sure their income and obligations could support the repayment structure?" Ergo, as a banker, you must also agree that prosecution was more appropriate than a bailout, or not?
 
I posted about this on another thread. Bankers were not allowed not to race to the bottom. The non-existent CRA loan approval policies were the minimum requirements within the federal regulations. Banks were threatened with unfair lending practices action if they had standards higher than the minimum required by the regulators so everybody got the CRA approval standard whether or not it was a CRA loan or the banks wanted to give them. That allowed people to use their credit cards and their mortgages in tandem to drive themselves into insolvency.
 
Here is my investment advice for 2013....
more stocks, NO
more bonds, NO
more debt, HELL NO

pay off every debt you can, and don't incur any more debt. Interest paid is success delayed.

Once you have all your "little" debts eliminated, start work on the big one, the mortgage.
The more important the asset, the more you need to own it outright. A mortgage is more than a loan, it is shared ownership with people who have more power than you. They hope you fail, so they can take your house.

Make plans for the future and buy the things you need to accomplish that future. That may mean more education, income property, stocking up on food, enough savings to pay your bills for 2 years, things of that nature.

Try to minimize the amount of savings you have that is available to the bankers to use to THEIR advantage..
they didn't get all their education to make you and me rich, they got it to make themselves rich.
 
lpast said:
I doubt that harry...but I do concede the point to you...now lets see if you will concede that their have been far too many big bank crooks that have robbed billions off the american people that got caught and never spent a day in prison.
Click to expand...

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.
 
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