Why Isn't Wall Street in Jail?

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Diogenes
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Re: Why Isn't Wall Street in Jail?

Postby Diogenes » Sat Feb 14, 2015 2:32 am

‘What all the wise men promised has not happened, and what all the damned fools said would happen has come to pass.’
— Lord Melbourne —

choff
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Re: Why Isn't Wall Street in Jail?

Postby choff » Sat Feb 14, 2015 8:11 pm

If the train was full of financial sector workers commuting home from a station directly adjacent to Wall St., then it's no great coincidence if all the fatalities are bankers. If everybody who survived was an average Joe then it's definitely bizarre.
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choff
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Re: Why Isn't Wall Street in Jail?

Postby choff » Fri May 29, 2015 3:22 pm

Another jumper, there was a bit of a lull going on till now.

http://nypost.com/2015/05/28/man-falls- ... -building/
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Diogenes
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Re: Why Isn't Wall Street in Jail?

Postby Diogenes » Mon Jun 22, 2015 8:29 pm

‘What all the wise men promised has not happened, and what all the damned fools said would happen has come to pass.’
— Lord Melbourne —

choff
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Re: Why Isn't Wall Street in Jail?

Postby choff » Tue Jun 23, 2015 3:02 am

Maybe this is why the financial system is going to hell in a handcart.

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MSimon
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Re: Why Isn't Wall Street in Jail?

Postby MSimon » Tue Jun 23, 2015 8:56 am



The game went something like this –

SJW “there are under served minorities”

Bankers – “their record of repayment is not good”

SJW – “we will rate their paper at AAA and the government will buy it”

Bankers – “we will serve even liars and foist the bad paper produced on the government” (to themselves: “the payday will be HUGE – suckers”)

In 2008 reality and fantasy collided. Reality won.

MSimon
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Re: Why Isn't Wall Street in Jail?

Postby MSimon » Tue Jun 23, 2015 8:59 am

Why aren't they in jail? Well, there would have to be trials. And the trials would show the pressures applied to the bankers. No one wants that. Except the people.

See the comments here:


Diogenes
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Re: Why Isn't Wall Street in Jail?

Postby Diogenes » Tue Jun 23, 2015 3:27 pm

‘What all the wise men promised has not happened, and what all the damned fools said would happen has come to pass.’
— Lord Melbourne —

choff
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Re: Why Isn't Wall Street in Jail?

Postby choff » Mon Jul 06, 2015 4:36 am

CHoff

hanelyp
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Re: Why Isn't Wall Street in Jail?

Postby hanelyp » Mon Jul 06, 2015 6:11 am

Greece counterfeiting Euros, which is exactly what printing the notes without approval would be, will make them no friends. If the rest of the EU didn't take extreme measures to stop it they would be allowing the destruction of their currency.
The daylight is uncomfortably bright for eyes so long in the dark.

choff
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Re: Why Isn't Wall Street in Jail?

Postby choff » Mon Jul 06, 2015 4:27 pm

This differs from what the ECB does in what way?
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choff
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Re: Why Isn't Wall Street in Jail?

Postby choff » Wed Jul 29, 2015 8:19 pm

A sweet deal if you can get in on it.

http://libertyblitzkrieg.com/2015/07/28 ... more-25834
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hanelyp
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Re:

Postby hanelyp » Wed Jul 29, 2015 9:41 pm

The daylight is uncomfortably bright for eyes so long in the dark.

paperburn1
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Re: Why Isn't Wall Street in Jail?

Postby paperburn1 » Wed Jul 29, 2015 10:06 pm

Interesting story, two people I work with, one has the renter from hell, the other has a house for sale. The banker does not know that they are co-workers. The banker called the one and said if he makes the rent payment records look like there are no payments in arrears he will make sure he gets his money back. Because the buyer will get extra financing to pay him the back rent owned . The coworker informed the banker that was fraud and he would not do that. The banker asked "what did he care, you were getting all the rent owed." He then informed the banker he knew the owner of the house that he was trying to sell to his renter. The banker then asked how much more would it take lmake it happen.
Bastard banker , he was trying the same shit that got us into the financial crisis in the first place. Just amazing, I wonder how many other bankers are doing this right now?
I am not a nuclear physicist, but play one on the internet.

Skipjack
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Re: Why Isn't Wall Street in Jail?

Postby Skipjack » Sat Aug 15, 2015 3:55 pm

Iceland did it right. Government took all the banks and locked up all the bankers from Goldman Sachs and co.


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