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(News.com.au)   GAME TIME: FDIC sues 16 banks for interest rate manipulation. Write down your list of the usual suspects, then click to see how well you scored   (news.com.au) divider line 18
    More: Obvious, Libor, FDIC, usual suspects, interest rates, company, NYSE Euronext, Royal Bank of Canada, British Bankers' Association  
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1335 clicks; posted to Business » on 17 Mar 2014 at 12:24 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



18 Comments   (+0 »)
   
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2014-03-17 12:33:30 PM  
And they will no doubt be fined MILLIONS because of this!

/while making billions
 
2014-03-17 01:00:39 PM  
And not a single Bankster will see the inside of a jail cell.

( unless they watch "Orange is the new Black" )

Still no known cure for Affluenza...
 
2014-03-17 01:20:50 PM  
*BINGO*!
 
2014-03-17 01:58:13 PM  
Hell, I can't even think of sixteen banks.
 
2014-03-17 02:26:08 PM  
farking LIBORals.
 
2014-03-17 02:37:46 PM  

Running a-puck: And they will no doubt be fined MILLIONS because of this!

/while making billions


And taking the fines as tax deductions.
 
2014-03-17 03:32:38 PM  
I couldn't come up with 16 banks I figured would be on the list, but every one I did think of was there.

Sadly there's a great deal of overlap between banks I have dealt with and the list of defendants.

The list of ones I haven't dealt with (directly) are:

UBS
Rabobank
Portigon
The two Japanese banks
Royal Bank of Canada

I'm not sure if I should be pleased or horrified by how much exposure to international banking I have.
 
2014-03-17 04:45:32 PM  
This is just another example of whiney, limp-wristed iberals complaining that the rich don't deserve their wealth.

/I am a whiney, limp-wristed (moderate) liberal
 
2014-03-17 05:49:43 PM  
FDIC. FCC. Total pawns of their "regulated" industries.

How do we put these guys in jail, and replace them with competent regulators?
 
2014-03-17 06:16:03 PM  
Keep on voting for Democrats and Republicans. They'll bring the obscenely wealthy criminal class into line any second now.

Now, wait... They'll just keep tossing poor people into their for profit prisons for smoking a joint.
 
2014-03-17 08:07:37 PM  
What I can't understand is why People seem to hate TD Bank so much, you will never see them in these lists.
 
2014-03-17 09:21:07 PM  
Still not as dangerous as Welfare Fraudsters  or Food Stamp Queens!
 
2014-03-18 01:01:25 AM  

BullBearMS: Keep on voting for Democrats and Republicans. They'll bring the obscenely wealthy criminal class into line any second now.

Now, wait... They'll just keep tossing poor people into their for profit prisons for smoking a joint.


Well thats clearly a trend that is slowly reversing in regards to your second point...

Gay marriage is becoming more acceptable. Obamacare, a step towards more universal health care looks like its here to stay. Obama just raised the minimum wage for federal workers. The US is relinquishing at least a small part of its stranglehold on the internet.

Maybe we're not a perfect people. Maybe we're the most ruthless capitalist empire the world has ever seen.

But we're trying. And we're fighting something big and entrenched. It takes time... Just like it took time to get here.
 
2014-03-18 01:25:12 AM  

hoodiowithtudio: What I can't understand is why People seem to hate TD Bank so much, you will never see them in these lists.


Because George norcross/commerce insurance and bank/politics/buying politicians
 
2014-03-18 01:48:51 AM  
The federal government is whining about interest rate manipulation? Really? And they manage to do it while keeping a straight face?
 
2014-03-18 01:34:02 PM  

cboppert: BullBearMS: Keep on voting for Democrats and Republicans. They'll bring the obscenely wealthy criminal class into line any second now.

Now, wait... They'll just keep tossing poor people into their for profit prisons for smoking a joint.

Well thats clearly a trend that is slowly reversing in regards to your second point...

Gay marriage is becoming more acceptable. Obamacare, a step towards more universal health care looks like its here to stay. Obama just raised the minimum wage for federal workers. The US is relinquishing at least a small part of its stranglehold on the internet.

Maybe we're not a perfect people. Maybe we're the most ruthless capitalist empire the world has ever seen.

But we're trying. And we're fighting something big and entrenched. It takes time... Just like it took time to get here.


We're trying to criminally prosecute the wealthy fraudulent bastards who have destroyed the American economy?

No. No we are not.

They get slap on the wrist fines that are only a tiny fraction of their ill gotten gains, and those fines are not even paid by the criminals in question, but by the shareholders in their companies. They aren't even required to admit guilt.

Even GW Bush put over a thousand fraudulent bankers into prison after the Savings and Loan scandal of the late 80's early 90's and that was the merest drop in the proverbial bucket compared to the massive amounts of modern bank fraud that Obama refuses to criminally prosecute.
 
2014-03-18 01:59:10 PM  

BullBearMS: cboppert: BullBearMS: Keep on voting for Democrats and Republicans. They'll bring the obscenely wealthy criminal class into line any second now.

Now, wait... They'll just keep tossing poor people into their for profit prisons for smoking a joint.

Well thats clearly a trend that is slowly reversing in regards to your second point...

Gay marriage is becoming more acceptable. Obamacare, a step towards more universal health care looks like its here to stay. Obama just raised the minimum wage for federal workers. The US is relinquishing at least a small part of its stranglehold on the internet.

Maybe we're not a perfect people. Maybe we're the most ruthless capitalist empire the world has ever seen.

But we're trying. And we're fighting something big and entrenched. It takes time... Just like it took time to get here.

We're trying to criminally prosecute the wealthy fraudulent bastards who have destroyed the American economy?

No. No we are not.

They get slap on the wrist fines that are only a tiny fraction of their ill gotten gains, and those fines are not even paid by the criminals in question, but by the shareholders in their companies. They aren't even required to admit guilt.

Even GW Bush put over a thousand fraudulent bankers into prison after the Savings and Loan scandal of the late 80's early 90's and that was the merest drop in the proverbial bucket compared to the massive amounts of modern bank fraud that Obama refuses to criminally prosecute.


It's pretty entrenched when everyone at the regulatory level used to be at the Wall Street level. Finally we're seeing people like Elizabeth Warren, Bernie Sanders (who has been pretty steadfast in his views over time)....

It takes time.

Do I think there should be some people in jail? Yes. Definitely.

Am I a total pissant about the state of our country because we farked up somewhere along the way? Not really. Truly its been about four decades of stagnating wages, increased military industrial dependence, truly shiatty foreign policy combined with the IMF and the theories of Friedman. Four decades out of a little more than thirty since the constitutions been written and signed? We've got wealth, and resources, and a small population. Change is coming. It just takes time. Unless you're suggesting revolution, and I doubt you'd ever get off your couch with your strongly held views to help anyone on the forefront of that.

What are you doing about your such strongly held views? Are you writing your senators and congressman?

Or are you one of those defeatists who just exists to biatch about everyone the internet, never do anything, don't think anything will ever change, all the while ignoring the positive changes occurring around us everyday? Both here and abroad.

Although personally I think we might be in for another crash at some point but I haven't researched the topic enough to espouse any sort of well held view.
 
2014-03-18 03:47:55 PM  

cboppert: Change is coming. It just takes time.


Stop making excuses for Obama's outright refusal to criminally prosecute his donors.

Requiring those who line your pockets to follow the law doesn't "take time".
 
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