I just read an article in Bloomberg BusinessWeek about the Mormon Church's business activities. There's some concern about the lack of financial transparency, even to the church members that tithe. No one can tell if there's any separation of funds between the religious and business activities.
Mr Yeatman pulls out the "it costs too much" argument. But, aside from political think tank studies, scientists have found that the benefits of limiting carbon dioxide (CO2) emissions far outweigh the costs.
They'll just stage yet another 911 and people will, again, hide under their beds (or "just go shopping") from the bad old "terrorists". The financial problems we have today started a long time ago..way before 911....and some men in power...realized that unless they did something really radical...like stage "terrorist" hijackings and a dramatic collapse of the WTC towers and crash into the Pentagon...ie: a new pearl harbor....to drive us, scared of the bogey man "terrorists", then they would have had fewer teeth and smoke-and-mirrors to get away with their long-term stealing from the American people. But, it is highly probable that the 911 false flag was a multi-country plot..involving powerful entities from Israel and Pakistan and Saudi Arabia. It's time we look behind the curtains to see who is pulling the strings, and why..and then prosecute them.
Don't let Presidents, even, or especially, Obama, get away with saying that these traitors from the Bush Administration are "in the past" and "we need to concentrate on looking forward"...while they don't use the same policies when it comes to whistle-blowers of government wrong-doing. They are not saying that we should forget about Wikileaks...that it is "in the past" or "that we need to concentrate on looking forward". That's because these gangsters are trying to get away with their really terrible traitorous deeds.
Wow! Lovely exposed! I am really a new fan of thomhartmann daily topics. It contains so far interesting article as always. Thanks for input such a relevant topic. Keep it up!
Actually Wiki’s definition of mania is very awkward to what one could feel. For me, new and exciting ideas that can help stabilized capitalism better for the future is always challenging. The naysayers like myself sometimes do flip around. Anyway there might be a “Corpritical” way for things but not very likely embraced by the status quo. I just made up the word Corpritical, yes as in Corporate, and Tickle. Very Funny, ha.
Why Corpritical? Consider from now on all corporate mergers, especially the mega big ones, Must fulfill the new corpitical-guidelines. The most significant, those that concern workers that could be on the chopping block. Simply those individuals that are proposed to be laid off or terminated because of a merger must be pensioned off or have it be shown that the new proposed Corpritical has through the years built skills in the employee base. The type of plan could very well eliminate unemployment payroll deductions. Eliminate the toxic asset banking culture, and remove the burden of unemployment compensation from the government. The caveat is that these issues must be fulfilled before stockholders act to merge. Moreover, community investment, like fair share in the use of infrastructure must be established. Likely more needs to be filled before a corporate CEO gets a one hundred million dollar bonus. With a list of goods that must be fulfilled before any bonus compensation is issued. Then and only then CEO’s get those million dollar bonus plans. Ladies and gentlemen the idea is nothing too new the NFL and NBA do it all the time. YoHoo these are union entities.
Lastly, hats off to Mr. Hartmann, his is pretty good at rhetorical boogie. He does offer a political stream of truthiness, pounding out real meaning that has a flavor and appeal to those red state people. Thom the rhetorical boogie man that very well scares the pants off those hate wing conservatives. I watched him the other day on Current channel, Shizzam.
If these huges fines simply get paid into the Treasury, I fear they will become the next excuse to keep tax rates low for the ultra wealthy who have benefitted from this criminal scheme. There needs to be some system for the people harmed by the LIBOR manipulation to receive the benefits of these fines, including home borrowers who have lost their homes, credit card borrowers who had to declare bankruptcy, college kids who had to drop out of college they could no longer afford or high school kids who were never able to go to college, people whose financial lives have been devasted which has wrought personal devastation in their lives, the widows and widowers of people who have committed suicide facing the loss of their homes and their possessions.... the people who have yet to get any bailout after all the corporate thieves have received government bailouts on top of their criminal manipulations....
Either Obama wins and we will go back to the same old illusions of hope we can('t) believe in (ie: continuing Bush's policies, murdering innocent civilians with drones, continuing to shield the criminal ruling elite and giving them big tax breaks while burdening the rest of us with the costs of idiot foreign and domestic policies...and prosecuting whistleblowers of government wrongdoing).....
...or Romney wins and they do all of the above in a very covert manner...and worse.
...or, the people take more active roles in overthrowing the bastards who will end up killing us anyway.
If Romney wins....the people may resort to the last thing much earlier....
If Obama wins...it will just keep people hopeful and placid for a little while longer.
Revolution is inevitable...just a matter of time. Because the policies of the ruling elite will not change in our favor otherwise.
This country will continue to keep rolling back no matter who is elected...it will just roll back faster with Republicans. The Democrat Party is still bought and owned by the ruling elite. They have to put up a pretense that they will save us...but they won't. If you even bother to vote this time around...yes, vote for Obama, but not because you believe he will make much of a difference from people like Bush, but because you just don't like Republicans and what they stand for. At least the Democrats tell us sweet nothings in our ears...things we want to hear...but, of course, they will screw us...just like the Republicans...in the end...anyway. The game is rigged and the ruling elite will continue to win unless people get off their beliefs that all we have to do is to elect a Democrat. Yes, I'd much rather see Obama as president, on one hand, than old grinning-chimp, job-destroying Romney; but, on the other hand, if Romney is elected, then maybe that would finally push the people to riot in the streets and boycott and demonstrate and whatever. When the ruling elite fear the people, that is when things will change.
With a corrupt political system of voting for one of two corrupt parties that are owned by the ruling elite...Heads I win, Tails you lose...things will only get worse. The democrats only pander a false hope that they will, in the end, stab us all in the backs. The Republicans do it overtly and don't even try to hide it. Their base consists of a few wealthy elite along with a mass of useful idiots that vote against their best interests. The Democrats base consists of a few wealthy elites along with a mass of useful idiots that vote against their best interests. Tweedle Dee, Tweedle Dumb! The Republican useful idiots get confused and befuddled by superficial things but end up voting against their best interests. The Democrat useful idiots believe their candidates will actually fulfill their campaign promises and that "they have no other choice". But they do have a choice and it could really change things if they, massively, vote for someone outside of the good-ole-boy, entrenched two party system. And, providing the third party candidates win, wrecking the two-party system....will they actually live up to their ideals and promises...or will they also get bought out by the ruling elite? I believe that the ruling elite would not hesitate to assassinate someone they couldn't control. So, the only other way is to massively rebel. We have to scare the crap out of the ruling elite...make them believe that they will lose everything they stole from us. It worked in FDR days. He could only make the changes he did because of the massive boycotts and uprising of the people...strikes...riots.
Lets face it with the say no ( by the contract that they signed) Koch-Teapublicans in control of the house nothing will be done to these thefts. If you think thats bad folks that a real good look at what the KTP say they will do if they win in November, End all regulations on everything, in other words turn the WEALTHY/CORPORATIONS LOOSE TO DO WHAT EVER THEY WANT. We had a real bad taste of no regulations while GW Bush was president, if you remember he De-regulated Wall-Street and gave more tax breaks/Welfare to those very same people. Now they want to do it again? A Vote of R will take our country backward, while a Vote of D will keep our country moving forward, It's as simple as that. Oh and by the way don't forget the KTP want to block every citizen of the USA that will not vote for them, isn't that what President Putan of Russia does? Has the Koch-Teapublican become a branch of the Communist Party?
(1) : Defintion , A shell game created by politicans and banksters to skim money off the top of workers incomes though maniplulation of interest rates , without directly raising of taxes.
(2) Definition , A psycho~logical warfare game to beliitle humanity by stealing their time, (and money) through the ceremonial manipulations of secret numbers on a computer keyboard, ie black magic.
(3) Definition , A confidence scam ( rico law applies ) in which a small group of private banksters conspires though illegal agreements to manipulate interest rates between each other and limit competition to raise the general cost of borrowing money , TO THE WHOLE WORLD!
Public executions by Guillotines worked out quite nicely for the French! Although quite messy until they modernized it. And the thought of this kind of retribution by the people kept would-be ruling elite shaking in their boots for quite a while.
The American way used to give audiences quite a kick when the scoundrel sh!t his britches at the end of a rope. But that wild west has been lost through a "more civil" form of execution(lethal injection?) if at all....but they have no problems with capital punishment in Texas...so maybe we should round up all the bad old offending capitalist pigs and send them to Texas for a real Wild West shindig and noose party. Roast their butts over a Texas barbeque spit then feed that garbage to the hogs. Then do a mass exorcism on the hogs to cast out the demons. Those bible beltsters would love it. Hang em high...or cut off their f..in 'eads already, French style.
Too tough? Over reacting, you say? When you think about how many people have suffered and died from the deeds of these conniving capitalist pigs...it really is tantamount to a war that they have been waging against us.
In war, the US has butchered millions of innocent people in other countries...and now they are doing the same with their own people...not with bullets or bombs or drones (yet); but these Nazis have their own death panels in insurance companies that determine who lives or dies based on profit...and their system of corruption destroys the jobs and wages that keep people from dying of starvation and serious illness. Unless the people massively rebel against those who are waging war against us things will only get worse. More and more people will eventually suffer and die from the enemy who is waging war against us.
Or, the least we could do is to confiscate all their ill-gotten gains and throw them into prison...so that when, if ever, they get out...all they have are their rags and a shopping cart to push around in the streets.
One thing I keep hearing the Republicans say over and over again in defense of not raising taxes for the rich is that it would threaten jobs in the US. That is such a bunch of horse manure and a hollow argument because they have been responsible for shipping our jobs overseas. They don't care if we don't have jobs here in the US unless they are all minimum wage or worse. All they care about is getting maximum profits in the shortest amount of time...and they then say "to hell with jobs in the US".
And Romney is such a lying sack of spit....but I'm not really surprised that he can barely tell those lies with a straight face..on second thought he does seem to have a constant arrogant, smirking-chimp demeanor. If you want jobs to come back to America...don't vote for Romney...that's for sure...Romney's forte is destroying jobs.
These people will never be put in jail because they believe they have done nothing wrong!!
The same people that created the system control the system,who is going to regulate them?
The only way things will change is a complete overhaul of who we are being in relation to each other,
What are the wall street banksters and the people who control these banks BEING ?who are they ?what are they trying to do ? is this working to produce the highest outcomes for society?
Will it, won't it, could it, would it, yadda yadda yadda. Quite frankly, until and unless there are -real- and =serious= consequences for the people - "banksters", politicians, whomever - running and allowing these scams, all the indignation and yelling in the world won't change a damn thing. Take each and -every- single one of the people involved in this, regardless of where they're from or who they think they are, confiscate every dime they have, no matter where they've got it 'hidden', and stand them up against a bullet-pocked wall without exception. =THEN= you might start getting positive and responsible actions from the rest of the folks in the industry. You know - "Pour encourager les autres". Until then, you'll have nothing but a bunch of "sound and fury, signifying nothing." More than just 'sad', but there it is.
Ask Bernie Madoff (He's #61727-054 at Federal Correctional Institution, Butner Medium, Butner NC until November 2139). -- Nevermind, he can't seem to ever answer truthfully. Ask some of his victims.
It's essential that these scumbags do time, lots of it; because they no-doubt have their ill-gotten loot stashed in secure off-shore tax-havens. No bail-outs that's for sure -- -- -- EXCEPT, the way things are rigged, fines mean nothing and total institution failure would likely gut millions of folks' pension and retirement funds. The guillotine perhaps? rack? burning at the stake?
Not only this scheme, but the whole scheme that started back in the late 1800's and how they manipulated the system to get the central bank, known as the Federal Reserve Bank. Heard recently, that the 16th amendment which allows Congress to implement and collect taxes was never ratified? Haven't checked that one out yet, but I intend to. Supposedly, once the Fed Reserve was created, which lent the government money for which payments were to be made plus interest, they needed an income tax to pay the interest and the way it's set up is that we would never be debt free. Talk about a ponzi scheme.
I agree with Pan. My wife and I saw the 2008 disaster coming years before and scrambled to get RID of all credit cards and mortgage paid off. We did it. Were debt free except for our monthly utilities. If we could afford a wind generator to produce our own power, we would be there. We now have options. My advice to anybody is to get OUT of debt and live within your means. Life is much better now and we are muchhappier.
They still have a way to go before it all crashes entirely. Until then, and until those behind these illegalities are held accountable, and sent to jail, the corruption will continue. They can put Martha Stewart in jail for practically nothing, a few insider tips while these bank and Wall St. CEO's get off with little more than a fine/ a slap on the wrist. What's wrong with this picture? What's most disgusting is to know we are all paying the price in outrageous interest rates on toxic interest only mortgages, student loans, and credit cards, as well as growing bank fees, and that Wall St. with their derivitive schemes are actually betting against those same loans and pushing them around from financial institution to financial institution, as I understand it...which may be wrong because not even Wall St. understands it. All they know is money is being raked in and bonuses are being paid while hard earned work and honestly paid taxes by the rest of us are being used to bail out these banks and Wall St. blunders, Europe collapses and governments are in their pockets or owe too much to do anything. What more proof is needed that the financial system cannot regulate itself?
Taxpayers effectively own these businesses. We should exercise our option.
Since banks no longer service their customers but are in effect gambling houses, there is a need for someone to provide the basic services they no longer provide. Their assets should be converted to public utility and run conservatively with a strong citizen oversight board.
The Banksters are playing a game of chicken with us by promoting a financial myth. 22 billion is not going to bankrupt them and neither will putting those (many, many) who committed felonies in jail.
It's really important that these guys go to prison. Fines are NOT enough. For them, fines are just part of the game....and REAL prison, not gentlemens prison.
Nationalize the banks. Fire the officers and boards, and ban them forever from the industry, and reinstate Glass Steagall. Once enacted let new boards form and appoint new officers.
They should pay--out of their personal fortunes which apparently are ill-gotten gains--no bail outs, no corporate welfare, no more stealing from consumers. They MUST PAY for THEIR crimes.
Romney's taxes:
It's funny how many of the same people who made a big deal of Obama's birth certificate, don't think that Romney's taxes are a big deal.
Dan, San Diego
I just read an article in Bloomberg BusinessWeek about the Mormon Church's business activities. There's some concern about the lack of financial transparency, even to the church members that tithe. No one can tell if there's any separation of funds between the religious and business activities.
Mr Yeatman pulls out the "it costs too much" argument. But, aside from political think tank studies, scientists have found that the benefits of limiting carbon dioxide (CO2) emissions far outweigh the costs.
There is an article that covers this in detail, with citations to actual research in their article, "The economic impacts of carbon pricing."
They'll just stage yet another 911 and people will, again, hide under their beds (or "just go shopping") from the bad old "terrorists". The financial problems we have today started a long time ago..way before 911....and some men in power...realized that unless they did something really radical...like stage "terrorist" hijackings and a dramatic collapse of the WTC towers and crash into the Pentagon...ie: a new pearl harbor....to drive us, scared of the bogey man "terrorists", then they would have had fewer teeth and smoke-and-mirrors to get away with their long-term stealing from the American people. But, it is highly probable that the 911 false flag was a multi-country plot..involving powerful entities from Israel and Pakistan and Saudi Arabia. It's time we look behind the curtains to see who is pulling the strings, and why..and then prosecute them.
Don't let Presidents, even, or especially, Obama, get away with saying that these traitors from the Bush Administration are "in the past" and "we need to concentrate on looking forward"...while they don't use the same policies when it comes to whistle-blowers of government wrong-doing. They are not saying that we should forget about Wikileaks...that it is "in the past" or "that we need to concentrate on looking forward". That's because these gangsters are trying to get away with their really terrible traitorous deeds.
Wow! Lovely exposed! I am really a new fan of thomhartmann daily topics. It contains so far interesting article as always. Thanks for input such a relevant topic. Keep it up!
http://www.mybestbanks.com/
A megalomaniacs approach to capitalism
Actually Wiki’s definition of mania is very awkward to what one could feel. For me, new and exciting ideas that can help stabilized capitalism better for the future is always challenging. The naysayers like myself sometimes do flip around. Anyway there might be a “Corpritical” way for things but not very likely embraced by the status quo. I just made up the word Corpritical, yes as in Corporate, and Tickle. Very Funny, ha.
Why Corpritical? Consider from now on all corporate mergers, especially the mega big ones, Must fulfill the new corpitical-guidelines. The most significant, those that concern workers that could be on the chopping block. Simply those individuals that are proposed to be laid off or terminated because of a merger must be pensioned off or have it be shown that the new proposed Corpritical has through the years built skills in the employee base. The type of plan could very well eliminate unemployment payroll deductions. Eliminate the toxic asset banking culture, and remove the burden of unemployment compensation from the government. The caveat is that these issues must be fulfilled before stockholders act to merge. Moreover, community investment, like fair share in the use of infrastructure must be established. Likely more needs to be filled before a corporate CEO gets a one hundred million dollar bonus. With a list of goods that must be fulfilled before any bonus compensation is issued. Then and only then CEO’s get those million dollar bonus plans. Ladies and gentlemen the idea is nothing too new the NFL and NBA do it all the time. YoHoo these are union entities.
Lastly, hats off to Mr. Hartmann, his is pretty good at rhetorical boogie. He does offer a political stream of truthiness, pounding out real meaning that has a flavor and appeal to those red state people. Thom the rhetorical boogie man that very well scares the pants off those hate wing conservatives. I watched him the other day on Current channel, Shizzam.
Does spizzerinctum require a proctologist?
If these huges fines simply get paid into the Treasury, I fear they will become the next excuse to keep tax rates low for the ultra wealthy who have benefitted from this criminal scheme. There needs to be some system for the people harmed by the LIBOR manipulation to receive the benefits of these fines, including home borrowers who have lost their homes, credit card borrowers who had to declare bankruptcy, college kids who had to drop out of college they could no longer afford or high school kids who were never able to go to college, people whose financial lives have been devasted which has wrought personal devastation in their lives, the widows and widowers of people who have committed suicide facing the loss of their homes and their possessions.... the people who have yet to get any bailout after all the corporate thieves have received government bailouts on top of their criminal manipulations....
Either Obama wins and we will go back to the same old illusions of hope we can('t) believe in (ie: continuing Bush's policies, murdering innocent civilians with drones, continuing to shield the criminal ruling elite and giving them big tax breaks while burdening the rest of us with the costs of idiot foreign and domestic policies...and prosecuting whistleblowers of government wrongdoing).....
...or Romney wins and they do all of the above in a very covert manner...and worse.
...or, the people take more active roles in overthrowing the bastards who will end up killing us anyway.
If Romney wins....the people may resort to the last thing much earlier....
If Obama wins...it will just keep people hopeful and placid for a little while longer.
Revolution is inevitable...just a matter of time. Because the policies of the ruling elite will not change in our favor otherwise.
This country will continue to keep rolling back no matter who is elected...it will just roll back faster with Republicans. The Democrat Party is still bought and owned by the ruling elite. They have to put up a pretense that they will save us...but they won't. If you even bother to vote this time around...yes, vote for Obama, but not because you believe he will make much of a difference from people like Bush, but because you just don't like Republicans and what they stand for. At least the Democrats tell us sweet nothings in our ears...things we want to hear...but, of course, they will screw us...just like the Republicans...in the end...anyway. The game is rigged and the ruling elite will continue to win unless people get off their beliefs that all we have to do is to elect a Democrat. Yes, I'd much rather see Obama as president, on one hand, than old grinning-chimp, job-destroying Romney; but, on the other hand, if Romney is elected, then maybe that would finally push the people to riot in the streets and boycott and demonstrate and whatever. When the ruling elite fear the people, that is when things will change.
With a corrupt political system of voting for one of two corrupt parties that are owned by the ruling elite...Heads I win, Tails you lose...things will only get worse. The democrats only pander a false hope that they will, in the end, stab us all in the backs. The Republicans do it overtly and don't even try to hide it. Their base consists of a few wealthy elite along with a mass of useful idiots that vote against their best interests. The Democrats base consists of a few wealthy elites along with a mass of useful idiots that vote against their best interests. Tweedle Dee, Tweedle Dumb! The Republican useful idiots get confused and befuddled by superficial things but end up voting against their best interests. The Democrat useful idiots believe their candidates will actually fulfill their campaign promises and that "they have no other choice". But they do have a choice and it could really change things if they, massively, vote for someone outside of the good-ole-boy, entrenched two party system. And, providing the third party candidates win, wrecking the two-party system....will they actually live up to their ideals and promises...or will they also get bought out by the ruling elite? I believe that the ruling elite would not hesitate to assassinate someone they couldn't control. So, the only other way is to massively rebel. We have to scare the crap out of the ruling elite...make them believe that they will lose everything they stole from us. It worked in FDR days. He could only make the changes he did because of the massive boycotts and uprising of the people...strikes...riots.
I recently read an artical in the economist on voting rigths, shoul interest you dated back to 13th of July.
london escorts
Lets face it with the say no ( by the contract that they signed) Koch-Teapublicans in control of the house nothing will be done to these thefts. If you think thats bad folks that a real good look at what the KTP say they will do if they win in November, End all regulations on everything, in other words turn the WEALTHY/CORPORATIONS LOOSE TO DO WHAT EVER THEY WANT. We had a real bad taste of no regulations while GW Bush was president, if you remember he De-regulated Wall-Street and gave more tax breaks/Welfare to those very same people. Now they want to do it again? A Vote of R will take our country backward, while a Vote of D will keep our country moving forward, It's as simple as that. Oh and by the way don't forget the KTP want to block every citizen of the USA that will not vote for them, isn't that what President Putan of Russia does? Has the Koch-Teapublican become a branch of the Communist Party?
You got it right, Pantherx!
Libor : definition "The opposite of Labor"
(1) : Defintion , A shell game created by politicans and banksters to skim money off the top of workers incomes though maniplulation of interest rates , without directly raising of taxes.
(2) Definition , A psycho~logical warfare game to beliitle humanity by stealing their time, (and money) through the ceremonial manipulations of secret numbers on a computer keyboard, ie black magic.
(3) Definition , A confidence scam ( rico law applies ) in which a small group of private banksters conspires though illegal agreements to manipulate interest rates between each other and limit competition to raise the general cost of borrowing money , TO THE WHOLE WORLD!
Public executions by Guillotines worked out quite nicely for the French! Although quite messy until they modernized it. And the thought of this kind of retribution by the people kept would-be ruling elite shaking in their boots for quite a while.
The American way used to give audiences quite a kick when the scoundrel sh!t his britches at the end of a rope. But that wild west has been lost through a "more civil" form of execution(lethal injection?) if at all....but they have no problems with capital punishment in Texas...so maybe we should round up all the bad old offending capitalist pigs and send them to Texas for a real Wild West shindig and noose party. Roast their butts over a Texas barbeque spit then feed that garbage to the hogs. Then do a mass exorcism on the hogs to cast out the demons. Those bible beltsters would love it. Hang em high...or cut off their f..in 'eads already, French style.
Too tough? Over reacting, you say? When you think about how many people have suffered and died from the deeds of these conniving capitalist pigs...it really is tantamount to a war that they have been waging against us.
In war, the US has butchered millions of innocent people in other countries...and now they are doing the same with their own people...not with bullets or bombs or drones (yet); but these Nazis have their own death panels in insurance companies that determine who lives or dies based on profit...and their system of corruption destroys the jobs and wages that keep people from dying of starvation and serious illness. Unless the people massively rebel against those who are waging war against us things will only get worse. More and more people will eventually suffer and die from the enemy who is waging war against us.
Or, the least we could do is to confiscate all their ill-gotten gains and throw them into prison...so that when, if ever, they get out...all they have are their rags and a shopping cart to push around in the streets.
One thing I keep hearing the Republicans say over and over again in defense of not raising taxes for the rich is that it would threaten jobs in the US. That is such a bunch of horse manure and a hollow argument because they have been responsible for shipping our jobs overseas. They don't care if we don't have jobs here in the US unless they are all minimum wage or worse. All they care about is getting maximum profits in the shortest amount of time...and they then say "to hell with jobs in the US".
And Romney is such a lying sack of spit....but I'm not really surprised that he can barely tell those lies with a straight face..on second thought he does seem to have a constant arrogant, smirking-chimp demeanor. If you want jobs to come back to America...don't vote for Romney...that's for sure...Romney's forte is destroying jobs.
These people will never be put in jail because they believe they have done nothing wrong!!
The same people that created the system control the system,who is going to regulate them?
The only way things will change is a complete overhaul of who we are being in relation to each other,
What are the wall street banksters and the people who control these banks BEING ?who are they ?what are they trying to do ? is this working to produce the highest outcomes for society?
Will it, won't it, could it, would it, yadda yadda yadda. Quite frankly, until and unless there are -real- and =serious= consequences for the people - "banksters", politicians, whomever - running and allowing these scams, all the indignation and yelling in the world won't change a damn thing. Take each and -every- single one of the people involved in this, regardless of where they're from or who they think they are, confiscate every dime they have, no matter where they've got it 'hidden', and stand them up against a bullet-pocked wall without exception. =THEN= you might start getting positive and responsible actions from the rest of the folks in the industry. You know - "Pour encourager les autres". Until then, you'll have nothing but a bunch of "sound and fury, signifying nothing." More than just 'sad', but there it is.
LIBOR Punishment?
Ask Bernie Madoff (He's #61727-054 at Federal Correctional Institution, Butner Medium, Butner NC until November 2139). -- Nevermind, he can't seem to ever answer truthfully. Ask some of his victims.
It's essential that these scumbags do time, lots of it; because they no-doubt have their ill-gotten loot stashed in secure off-shore tax-havens. No bail-outs that's for sure -- -- -- EXCEPT, the way things are rigged, fines mean nothing and total institution failure would likely gut millions of folks' pension and retirement funds. The guillotine perhaps? rack? burning at the stake?
Not only this scheme, but the whole scheme that started back in the late 1800's and how they manipulated the system to get the central bank, known as the Federal Reserve Bank. Heard recently, that the 16th amendment which allows Congress to implement and collect taxes was never ratified? Haven't checked that one out yet, but I intend to. Supposedly, once the Fed Reserve was created, which lent the government money for which payments were to be made plus interest, they needed an income tax to pay the interest and the way it's set up is that we would never be debt free. Talk about a ponzi scheme.
I agree with Pan. My wife and I saw the 2008 disaster coming years before and scrambled to get RID of all credit cards and mortgage paid off. We did it. Were debt free except for our monthly utilities. If we could afford a wind generator to produce our own power, we would be there. We now have options. My advice to anybody is to get OUT of debt and live within your means. Life is much better now and we are muchhappier.
They still have a way to go before it all crashes entirely. Until then, and until those behind these illegalities are held accountable, and sent to jail, the corruption will continue. They can put Martha Stewart in jail for practically nothing, a few insider tips while these bank and Wall St. CEO's get off with little more than a fine/ a slap on the wrist. What's wrong with this picture? What's most disgusting is to know we are all paying the price in outrageous interest rates on toxic interest only mortgages, student loans, and credit cards, as well as growing bank fees, and that Wall St. with their derivitive schemes are actually betting against those same loans and pushing them around from financial institution to financial institution, as I understand it...which may be wrong because not even Wall St. understands it. All they know is money is being raked in and bonuses are being paid while hard earned work and honestly paid taxes by the rest of us are being used to bail out these banks and Wall St. blunders, Europe collapses and governments are in their pockets or owe too much to do anything. What more proof is needed that the financial system cannot regulate itself?
Thanks for letting us vent!
Taxpayers effectively own these businesses. We should exercise our option.
Since banks no longer service their customers but are in effect gambling houses, there is a need for someone to provide the basic services they no longer provide. Their assets should be converted to public utility and run conservatively with a strong citizen oversight board.
The Banksters are playing a game of chicken with us by promoting a financial myth. 22 billion is not going to bankrupt them and neither will putting those (many, many) who committed felonies in jail.
It's really important that these guys go to prison. Fines are NOT enough. For them, fines are just part of the game....and REAL prison, not gentlemens prison.
Nationalize the banks. Fire the officers and boards, and ban them forever from the industry, and reinstate Glass Steagall. Once enacted let new boards form and appoint new officers.
They should pay--out of their personal fortunes which apparently are ill-gotten gains--no bail outs, no corporate welfare, no more stealing from consumers. They MUST PAY for THEIR crimes.