Why Isn't Wall Street in Jail?

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

Post by Diogenes »

Six People Died in a Fiery NY Train Crash Packed with 400 People… 3 Were Top Investment Bankers



Image
Joseph Nadol, 42. Managing director at JPMorgan, who joined the Manhattan-based bank in 2001. Institutional Investor magazine in 2009 named him the best analyst covering the aerospace and defense-electronics industries. Died Feb. 3 in the Metro-North Railroad train accident.

Eric Vandercar, 53. Senior managing director in institutional sales and trading and head of municipal funding at Mesirow Financial, in New York. He had previously spent 27 years at Morgan Stanley. Died Feb. 3 in the Metro-North Railroad train accident.

Aditya Tomar, 41. JPMorgan vice president of technology supporting the bank’s asset-management division. Before joining JPMorgan, he worked at Morgan Stanley, Sanford C. Bernstein & Co. and Barclays Capital. Died Feb. 3 in the Metro-North Railroad train accident.

Robert Dirks, 36. Scientist at D.E. Shaw Research, which creates computer models of organic molecules for use in drug development. A high school valedictorian, he received a Ph.D. in chemistry from the California Institute of Technology. Died Feb. 3 in the Metro-North Railroad train accident.

Walter Liedtke, 69. Oversaw the collection and special exhibitions of European paintings at the Met Museum in Manhattan for the past 35 years. He was an authority on the works of Johannes Vermeer and Rembrandt. Died Feb. 3 in the Metro-North Railroad train accident.

http://www.shtfplan.com/headline-news/s ... s_02132015
‘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?

Post by choff »

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.
CHoff

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

Post by choff »

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

http://nypost.com/2015/05/28/man-falls- ... -building/
CHoff

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

Post by Diogenes »

This sort of fits here, and in any case I couldn't find a better thread for it.



Choff, this one's for you.





Wall Street Versus Americans


The consequences are becoming apparent to many grassroots Republicans. They rallied to give the GOP majorities in both houses only to see the GOP embrace the Obama agenda with an enthusiasm of a fanatic. If you trundled out to vote in 2010 and 2014 and you don’t feel like a fool right now, you’re not paying attention. Just wait until the court rules against ObamaCare and the GOP rushes a fix through both houses. Maybe then you’ll see.

If not, the people with the whip hand are about to make sure you know who is running things now. Business Insider reports that the paymasters have grown tired of appeasing the provincials and their primitive customs.


http://thezman.com/wordpress/?p=4751
‘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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Location: Vancouver, Canada

Re: Why Isn't Wall Street in Jail?

Post by choff »

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

http://www.zerohedge.com/news/2015-06-2 ... oke-subway
CHoff

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

Post by MSimon »

http://classicalvalues.com/2015/06/the- ... 08-crisis/

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.
Engineering is the art of making what you want from what you can get at a profit.

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

Post by MSimon »

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:

http://classicalvalues.com/2015/06/the- ... 08-crisis/
Engineering is the art of making what you want from what you can get at a profit.

Diogenes
Posts: 6958
Joined: Mon Jun 15, 2009 3:33 pm

Re: Why Isn't Wall Street in Jail?

Post by Diogenes »

MSimon wrote:http://classicalvalues.com/2015/06/the- ... 08-crisis/

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.


And thus do the consequences of Libertarian ideas manifest themselves. Free Market economics without morality based foundations are prone to enriching immoral people at the expense of others and indeed at the expense of the very structure of governments led by such philosophies.


I say again, Adam Smith and Edmund Burke were not only contemporaries, but good personal friends, and their ideas are meant to dovetail, not to be contemplated separately.

Their foundational ideas are two sides of the same coin.
‘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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Location: Vancouver, Canada

Re: Why Isn't Wall Street in Jail?

Post by choff »

CHoff

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

Post by hanelyp »

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?

Post by choff »

This differs from what the ECB does in what way?
CHoff

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

Post by choff »

A sweet deal if you can get in on it.

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

hanelyp
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Re:

Post by hanelyp »

From back in 2011:
choff wrote:Now that you see stock exchanges on different sides of the Atlantic merging, the possibilities for eluding the new national stock exchange regulations will be endless. Another bubble in 5 years, a bigger bailout.
Now I'm looking at a massive bubble created by effectively zero prime interest rates and quantitative easing. And indications the Federal Reserve is going to increase interest rates sometime this fall, popping the bubble.
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?

Post by paperburn1 »

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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Joined: Sun Sep 28, 2008 2:29 pm

Re: Why Isn't Wall Street in Jail?

Post by Skipjack »

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

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