Stop recession: punish the bad bankers (17)
looking4bride: In May, once I was in London and a cousin of mine said a father and his son tried a suicide in the tube station. Both of them lost job and ....Who is responsible for their sufferings?The immoral bankers created a fake market and price, took peoples' money out and put them into countless misery. HSBC CEO, Stephen Green admitted that the whole of banking industry owes an apology to the world for the financial crisis. Here is the crime. To make justice the crime needs to be evaluated, investigated and criminals need to be punished.
Punishment is a remedy to stop recurrences, create awareness, recover losses etc.
What do you think?
Punishment is a remedy to stop recurrences, create awareness, recover losses etc.
What do you think?
What about the governments "expenses scandal" dont you think there should have been police enquiries into that because if we are found to be abusing the system it becomes a police matter so why not them ..
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looking4bride: In May, once I was in London and a cousin of mine said a father and his son tried a suicide in the tube station. Both of them lost job and ....Who is responsible for their sufferings?The immoral bankers created a fake market and price, took peoples' money out and put them into countless misery. HSBC CEO, Stephen Green admitted that the whole of banking industry owes an apology to the world for the financial crisis. Here is the crime. To make justice the crime needs to be evaluated, investigated and criminals need to be punished.
Punishment is a remedy to stop recurrences, create awareness, recover losses etc.
What do you think?
Punishment is a remedy to stop recurrences, create awareness, recover losses etc.
What do you think?
Billionaire arrested because of portfolio tricky games??
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i guess i might get some disagreement on my answer to this topic. but here goes. the bankers i red the other day are up for another round of bonus again. i wonder how reward a bad job with bonus. i know in my world if i do a bad job i don't get know raise. most likely i would get fired.
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ukrainegary48: i guess i might get some disagreement on my answer to this topic. but here goes. the bankers i red the other day are up for another round of bonus again. i wonder how reward a bad job with bonus. i know in my world if i do a bad job i don't get know raise. most likely i would get fired.
Well, they have come up with the best excuse ever: if they go bankrupt then everything else will fall apart too. I think when people seriously review these falacies, these legends, changes will come.
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they don't worry if they go bankrupt . they just borrow more money from the government. charge the tax payer the extra money and go on. Nice life.
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looking4bride: In May, once I was in London and a cousin of mine said a father and his son tried a suicide in the tube station. Both of them lost job and ....Who is responsible for their sufferings?The immoral bankers created a fake market and price, took peoples' money out and put them into countless misery. HSBC CEO, Stephen Green admitted that the whole of banking industry owes an apology to the world for the financial crisis. Here is the crime. To make justice the crime needs to be evaluated, investigated and criminals need to be punished.
Punishment is a remedy to stop recurrences, create awareness, recover losses etc.
What do you think?
Punishment is a remedy to stop recurrences, create awareness, recover losses etc.
What do you think?
My question is. Were your relatives employed by banks? If not were is the banker liability to the lose of their jobs? Were is the direct connection?
Oh....because the economy failed? There is not a direct connection to that banking practices. Auto companies failed. Insurance companies failed. State governments are failing. Energy comapnies failed. Small business are failing at one of the highest rates in history.
All this cannot because bankers charge interest on commercial business loan. At an interest most often regulated by the gov't.
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ttom500: My question is. Were your relatives employed by banks? If not were is the banker liability to the lose of their jobs? Were is the direct connection?
Oh....because the economy failed? There is not a direct connection to that banking practices. Auto companies failed. Insurance companies failed. State governments are failing. Energy comapnies failed. Small business are failing at one of the highest rates in history.
All this cannot because bankers charge interest on commercial business loan. At an interest most often regulated by the gov't.
This an amazing macro-economic lecture. Now I know, it is just each unit acting separatedly, and the government imposing its will through crappy decissions.Oh....because the economy failed? There is not a direct connection to that banking practices. Auto companies failed. Insurance companies failed. State governments are failing. Energy comapnies failed. Small business are failing at one of the highest rates in history.
All this cannot because bankers charge interest on commercial business loan. At an interest most often regulated by the gov't.
And I thought my Economics high-school-teacher was so crappy...
Infront of this, he was so inspired..
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i know i always hated economic. but later in life i wish i would have pay attention. then i might understand more about economic.
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Antjo39: This an amazing macro-economic lecture. Now I know, it is just each unit acting separatedly, and the government imposing its will through crappy decissions.
And I thought my Economics high-school-teacher was so crappy...
Infront of this, he was so inspired..
And I thought my Economics high-school-teacher was so crappy...
Infront of this, he was so inspired..
Some of us like to have a little more information to a situation before WE condemn the millions that are in a industry.
But in your logic of everyone is wrong, corrupt and needs to be punished. If a man murdered in Peru.....and you can point to a man in the US......though he has never been to Peru.....and say he did it.
I should have know that guilt by association....is not the standard anymore.....it just is simply guilt by presence, or industry, or activity.....all because 'it might' have effected you. Just like these men that lost thier jobs....the banking industry might have effected them. But with out asking the question.....one does not know.
What a bunch of whiners you have become.
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ttom500: Some of us like to have a little more information to a situation before WE condemn the millions that are in a industry.
But in your logic of everyone is wrong, corrupt and needs to be punished. If a man murdered in Peru.....and you can point to a man in the US......though he has never been to Peru.....and say he did it.
I should have know that guilt by association....is not the standard anymore.....it just is simply guilt by presence, or industry, or activity.....all because 'it might' have effected you. Just like these men that lost thier jobs....the banking industry might have effected them. But with out asking the question.....one does not know.
What a bunch of whiners you have become.
But in your logic of everyone is wrong, corrupt and needs to be punished. If a man murdered in Peru.....and you can point to a man in the US......though he has never been to Peru.....and say he did it.
I should have know that guilt by association....is not the standard anymore.....it just is simply guilt by presence, or industry, or activity.....all because 'it might' have effected you. Just like these men that lost thier jobs....the banking industry might have effected them. But with out asking the question.....one does not know.
What a bunch of whiners you have become.
I have not been affected by this crisis at all, but I have had many more clients trying to figure out throguh my Crystal Ball (and that is not metaphor but a forecast computer program designed by Oracle thata assist my modelling work) what is the next cunning step for them to take. Maybe it gives me a little information to say something. Yes, even I feed on the same suffering of others.
I think instead of arguing much, a review of a basic manual of macro-economics and another one of corporative finances would be good to see the description of the mechanisms in which banking is heavily involved , and how their crafty moves affect the whole thing.
I do not know why conservative people think their mission in life is to defend anything that smells like "system foundations", and that includes in certain cases to defend criminals (I just heard an interview of a minister of my country who is a notorious figure of the Opus Dei casting doubt and arguing wholeheartedly to defend a bunch of convicted army guys who performed a "Einsatzgruppen-style" massacre in the Peruvian mountains during the civil war.
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I think I don't need to be a direct sufferer, nor my relatives in order to have a view or comment. I or my relatives didn't loss jobs. Still, yes, I suffered. My purchase power reduced to half. It means I am half the time poorer than what I was before.
The industry needs reformation, not punishment, The bad/immoral/unethical bankers need punishment not reformation. It will bring accountability and justice and a reward for the good/ethical bankers.
The industry needs reformation, not punishment, The bad/immoral/unethical bankers need punishment not reformation. It will bring accountability and justice and a reward for the good/ethical bankers.
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Is there some reason that no one has mentioned Barney Frank, Charles Schumer and Bill Clinton for their role in this banking debacle. They created a huge deficit by encouraging banks to lend money to people who CLEARLY could not afford the payments. Don't bother to dispute this with me, I've seen countless examples in my area and that's why there are over 4800 homes in foreclosure within a 25 mile radius of my home.
In their idiotic efforts to create a new group of "entitlement victims", they ruined the buying power of the working class. I'll agree that the "fat cats" in the banking industry made some stupid and illegal decisions also, but let's put the blame on EVERYONE who's responsible. Okay, does anyone want to resort to "blame Bush" syndrome or can any of you handle the truth ???? ............ I doubt it !!!!!
In their idiotic efforts to create a new group of "entitlement victims", they ruined the buying power of the working class. I'll agree that the "fat cats" in the banking industry made some stupid and illegal decisions also, but let's put the blame on EVERYONE who's responsible. Okay, does anyone want to resort to "blame Bush" syndrome or can any of you handle the truth ???? ............ I doubt it !!!!!
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ever notice it's always someone else's fault? no one ever wants to take responsibility for their part. yes, the bankers were wrong but how about all those who took on 100% mortgages,
didn't they play a part? how about the shareholders who demanded ever greater returns for zero risk, what was their part? or those who had huge credit card bills that they paid off at the minimum monthly rate, weren't they responsible too? it's easy to sit and screech about the rich guys on wall street but weren't they just doing what the public demanded?
didn't they play a part? how about the shareholders who demanded ever greater returns for zero risk, what was their part? or those who had huge credit card bills that they paid off at the minimum monthly rate, weren't they responsible too? it's easy to sit and screech about the rich guys on wall street but weren't they just doing what the public demanded?
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True..both the bankers and the lenders/share holders suffered from immoralities...through the recession, the lenders/share holders/credit card users already suffered. They lost their properties/values/balances...but the bankers even those who were directly responsible for limiting the consumers undue privileges/credits were rewarded.
yea...here is the differences..
I don't know why I am being accused of condemning an industry of millions. I never said the industry is corrupted, which no industry can be. I said the corrupt professionals must be taken into account ...Still I repeat (pls read carefully) - The industry needs reformation, not punishment, The bad/immoral/unethical bankers need punishment not reformation. It will bring accountability and justice and a reward for the good/ethical bankers.
yea...here is the differences..
ukrainegary48: i guess i might get some disagreement on my answer to this topic. but here goes. the bankers i red the other day are up for another round of bonus again. i wonder how reward a bad job with bonus. i know in my world if i do a bad job i don't get know raise. most likely i would get fired.
I don't know why I am being accused of condemning an industry of millions. I never said the industry is corrupted, which no industry can be. I said the corrupt professionals must be taken into account ...Still I repeat (pls read carefully) - The industry needs reformation, not punishment, The bad/immoral/unethical bankers need punishment not reformation. It will bring accountability and justice and a reward for the good/ethical bankers.
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Stop recession: punish the bad Governments!
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Conrad73: Stop recession: punish the bad Governments!
Very correct...our government (of 160 million population with 143000 sq km area) handled quite good...there was no inflation...no shut down..no job cut...but price of daily needs and others gone high (our's an import based country)
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bettyboop63: What about the governments "expenses scandal" dont you think there should have been police enquiries into that because if we are found to be abusing the system it becomes a police matter so why not them ..
They should also be brought to justice. Like many celebrities who indulge in hard core drugs (not happiness), they just get thrown into rehab. However, if it was me or you caught with baby powder all over the place our arses would be hauled into jail and end up with a criminal record. Definate injustice completely. Still live in a very unfair world of one rule for one and one for another.
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61 Votes
1,510 Views
17 Comments
Created: Oct 2009
Last Viewed: 13 hrs ago
Last Commented: Nov 2009
Last Voted: Jul 2017
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Stop recession: punish the bad bankers(Vote Below)
The immoral bankers created a fake market and price, took peoples' money out and put them into countless misery. HSBC CEO, Stephen Green admitted that the whole of banking industry owes an apology to the world for the financial crisis. Here is the crime. To make justice the crime needs to be evaluated, investigated and criminals need to be punished.
Punishment is a remedy to stop recurrences, create awareness, recover losses etc.
What do you think?