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(The Raw Story)   In today's "I'll Believe it when I see it" News: US Attorney General; Eric Holder says that no bank is above the law or "too big to Jail"   (rawstory.com) divider line 84
    More: Unlikely, Too Big to Jail, Attorney General Eric Holder, attorney generals, United States, court settlements, Swiss bank, financial crimes  
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860 clicks; posted to Business » on 05 May 2014 at 9:32 PM (50 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



84 Comments   (+0 »)
   
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2014-05-05 04:09:23 PM  
"... until I'm done accepting their bri-... er, meeting with their lobbyists."
 
2014-05-05 04:13:44 PM  
How do you jail a bank?
 
2014-05-05 04:14:54 PM  
How would go about jailing a orginization?
I imagine it would be like dealing with the mafia or something
 
2014-05-05 04:19:24 PM  
And he claims he doesn't do drugs.

Uh-huh.
 
2014-05-05 04:24:02 PM  
We have specific examples that that is not true, that there are banks above the law, that are too big to jail. Because of their position of power in the economy the banks, and the people at the top of these banks, are not subject to the same rules, laws and consequences as other people. Most notably the HSBC drug money laundering. Unless he can speak to the times in the recent past when they were treated as above the law and too big to jail his words are worse than hollow. A stark reminder of our lack of a justice system.
 
2014-05-05 04:25:16 PM  

sithon: How would go about jailing a orginization?
I imagine it would be like dealing with the mafia or something


Sanctions

Plus the possibility of having corporate charters revoked
 
vpb [TotalFark]
2014-05-05 04:36:42 PM  

sithon: How would go about jailing a orginization?
I imagine it would be like dealing with the mafia or something


You can't.  You can make it pay fees or seize it or shut it down, but the bank isn't anything real it's the people who make the decisions who are the problem.

Of course, that's irrelevant because the people who run the banks have enough power and influence to make sure that nothing will happen to them.
 
2014-05-05 04:39:09 PM  

vpb: sithon: How would go about jailing a orginization?
I imagine it would be like dealing with the mafia or something

You can't.  You can make it pay fees or seize it or shut it down, but the bank isn't anything real it's the people who make the decisions who are the problem.

Of course, that's irrelevant because the people who run the banks have enough power and influence to make sure that nothing will happen to them.


And Americans are too damned polarized politically to let something like that happen.

You must always support your side even when they are in the wrong
 
2014-05-05 06:03:57 PM  
Here's me holding my breath, waiting for the indictments.
img.fark.net
 
2014-05-05 07:42:17 PM  

TheOmni: We have specific examples that that is not true, that there are banks above the law, that are too big to jail. Because of their position of power in the economy the banks, and the people at the top of these banks, are not subject to the same rules, laws and consequences as other people. Most notably the HSBC drug money laundering. Unless he can speak to the times in the recent past when they were treated as above the law and too big to jail his words are worse than hollow. A stark reminder of our lack of a justice system.


www.clevescene.com
 
2014-05-05 08:42:29 PM  
How do you jail a bank?
 
2014-05-05 08:46:49 PM  
Is someone running for President?
 
2014-05-05 09:41:37 PM  
i.imgur.com
 
2014-05-05 09:43:38 PM  
I'll believe it when Jamie Dimon is behind bars.
 
2014-05-05 09:52:46 PM  
We can safely lock the papers of incorporation behind bars. That'll show em! ......
 
2014-05-05 09:53:41 PM  

Chris Ween: How do you jail a bank?


First you have to arrest it. And banks allllllllways resist arrest, end up arriving for booking all covered in blood.
 
2014-05-05 09:54:41 PM  
He's gonna get fast and furious on them
 
2014-05-05 09:55:17 PM  

BizarreMan: How do you jail a bank?


I propose executing them instead.
 
2014-05-05 09:57:02 PM  

BizarreMan: How do you jail a bank?


You lock the money away for a long time.
 
2014-05-05 10:02:36 PM  
Elizabeth Warren is the only politician that is serious about going after these crooked banksters.


http://www.alternet.org/economy/elizabeth-warren-only-person-standin g- between-you-and-total-bank-domination
 
2014-05-05 10:04:20 PM  
It is too late for most. Statute of limitations is over.   His words mean nothing.
 
2014-05-05 10:17:50 PM  

GodsTumor: Elizabeth Warren is the only politician that is serious about going after these crooked banksters.


http://www.alternet.org/economy/elizabeth-warren-only-person-standin g- between-you-and-total-bank-domination


"Crooked banksters"? Thats not PC. Lets try "Potential White-Collar Criminals" or "accused of unethical and/or illegal actions"
 
2014-05-05 10:23:39 PM  
Rev. dave

Statute of limitations may be over for the specific frauds which led to the 2008 crash, but the big banks have flouted the law plenty since.  Robo-signing comes to mind, as does the HSBC money laundering mentioned up-thread.  And given that they have thus far got away with everything, I wouldn't be surprised if the big banks are doing other things which have yet to be made public, or as highly publicized in the media, but which are known to US law enforcement and regulators.

I think Holder is blowing smoke, given his record - I'll believe him when I see a conviction - but an attorney general who isn't in their pocket could find plenty of reasons to throw the book at them.
 
2014-05-05 10:29:20 PM  
I'll believe it when they look to jail high ranking officers of major US banks.
 
2014-05-05 10:31:43 PM  

birdboy2000: Rev. dave

Statute of limitations may be over for the specific frauds which led to the 2008 crash, but the big banks have flouted the law plenty since.  Robo-signing comes to mind, as does the HSBC money laundering mentioned up-thread.  And given that they have thus far got away with everything, I wouldn't be surprised if the big banks are doing other things which have yet to be made public, or as highly publicized in the media, but which are known to US law enforcement and regulators.

I think Holder is blowing smoke, given his record - I'll believe him when I see a conviction - but an attorney general who isn't in their pocket could find plenty of reasons to throw the book at them.


Point taken.  But true justice would have happened with the original sins which caused the crisis.  That kind of justice is like tax evasion charges on a gangster murderer.
 
2014-05-05 10:32:48 PM  
fta And he insisted: "To be clear: no individual or company, no matter how large or how profitable, is above the law."

Just look at all the jailed banksters. Nice sentiment, Holder. But save your breath.
 
2014-05-05 10:34:10 PM  
dl.dropboxusercontent.com

Woulda been nice if he acted on his supposed principles back when it mattered.
 
2014-05-05 10:40:22 PM  
Makes me wonder if we are going to see the head of a major bank getting charged with something and Holder preparing for Vice President in 2016.
 
2014-05-05 10:53:57 PM  
The article predicts big fines...might even be enough to knock their gross profit down a whole percentage point.
 
2014-05-05 10:56:36 PM  

BizarreMan: How do you jail a bank?


Exactly.  When it comes to birth control or campaign donations, a corporation is a person with full first amendment rights, but the rest of the time it is just a piece of paper in a government filing cabinet somewhere.
 
2014-05-05 10:59:37 PM  

Soup4Bonnie: I'll believe it when Jamie Dimon is behind bars.


a while lot of ^^^^ THIS
 
2014-05-05 11:02:12 PM  

Curious: a while lot of ^^^^ THIS


I want to see your "o" face!
 
2014-05-05 11:03:13 PM  
It depends on the size of the campaign contribution.   Holder needs a sit-down with Treasury department as the IRS doesn't audit any of the large banks or companies.
 
2014-05-05 11:05:49 PM  
So...what the hell is the difference between voting Republican or Republican lite? Why wouldn't you just vote for the Republican?
 
2014-05-05 11:09:40 PM  
Been there, done that.

The biggest reason banks now get away with their shiat is because they are armed with lawyers that rewrite what they're doing so it isn't "illegal." See: "Inside Job."

It would be nice if the US govt went after them, but they know their shiat and how to keep afloat.

Bonus: with our taxpayer dollars. Oh but they PAID IT ALL BACK.
 
2014-05-05 11:15:42 PM  

whidbey: Been there, done that.

The biggest reason banks now get away with their shiat is because they are armed with lawyers that rewrite what they're doing so it isn't "illegal." See: "Inside Job."

It would be nice if the US govt went after them, but they know their shiat and how to keep afloat.

Bonus: with our taxpayer dollars. Oh but they PAID IT ALL BACK.


Vote Democrat!
farm3.staticflickr.com
 
2014-05-05 11:16:08 PM  

TheOmni: We have specific examples that that is not true, that there are banks above the law, that are too big to jail. Because of their position of power in the economy the banks, and the people at the top of these banks, are not subject to the same rules, laws and consequences as other people. Most notably the HSBC drug money laundering. Unless he can speak to the times in the recent past when they were treated as above the law and too big to jail his words are worse than hollow. A stark reminder of our lack of a justice system.


And the meth dealer with five little envelopes does 10 years for it.  Crime only pays on the high end - wall street, politics, whatever.

Holder is just about the least effective AG since what, the Nixon administration?
 
2014-05-05 11:17:20 PM  

BizarreMan: How do you jail a bank?


Corporations are people, my friend!
 
2014-05-05 11:30:46 PM  

Ow! That was my feelings!: whidbey: Been there, done that.

The biggest reason banks now get away with their shiat is because they are armed with lawyers that rewrite what they're doing so it isn't "illegal." See: "Inside Job."

It would be nice if the US govt went after them, but they know their shiat and how to keep afloat.

Bonus: with our taxpayer dollars. Oh but they PAID IT ALL BACK.

Vote Democrat!
[farm3.staticflickr.com image 500x281]


Hard to say what she would do in office. You do recall the "common good" quip she gave a while back?

Headlining an appearance with other Democratic women senators on behalf of Sen. Barbara Boxer, who is up for re-election this year, Hillary Clinton told several hundred supporters - some of whom had ponied up as much as $10,000 to attend - to expect to lose some of the tax cuts passed by President Bush if Democrats win the White House and control of Congress.

"Many of you are well enough off that ... the tax cuts may have helped you," Sen. Clinton said. "We're saying that for America to get back on track, we're probably going to cut that short and not give it to you. We're going to take things away from you on behalf of the common good."



I dunno. Maybe it was a one-off, or something very strategically written into her fundraising appearance, but that kind of ballsiness directed at Wall Street would rule. And I say this as someone who doesn't want Clinton to be President.
 
2014-05-05 11:36:37 PM  

whidbey: Ow! That was my feelings!: whidbey: Been there, done that.

The biggest reason banks now get away with their shiat is because they are armed with lawyers that rewrite what they're doing so it isn't "illegal." See: "Inside Job."

It would be nice if the US govt went after them, but they know their shiat and how to keep afloat.

Bonus: with our taxpayer dollars. Oh but they PAID IT ALL BACK.

Vote Democrat!
[farm3.staticflickr.com image 500x281]

Hard to say what she would do in office. You do recall the "common good" quip she gave a while back?

Headlining an appearance with other Democratic women senators on behalf of Sen. Barbara Boxer, who is up for re-election this year, Hillary Clinton told several hundred supporters - some of whom had ponied up as much as $10,000 to attend - to expect to lose some of the tax cuts passed by President Bush if Democrats win the White House and control of Congress.

"Many of you are well enough off that ... the tax cuts may have helped you," Sen. Clinton said. "We're saying that for America to get back on track, we're probably going to cut that short and not give it to you. We're going to take things away from you on behalf of the common good."

I dunno. Maybe it was a one-off, or something very strategically written into her fundraising appearance, but that kind of ballsiness directed at Wall Street would rule. And I say this as someone who doesn't want Clinton to be President.


Yeah, hard to believe that with her history. She is a flawed candidate. She could win, but she is very vulnerable to attack from the left. Justifiably. Dems could do better.
 
2014-05-05 11:49:58 PM  
How about reinstating the Glass-Steagall Act?

Oh, we were just paying lip service to the idea of reform? Oh.

It's gonna be great when it happens again and some nutter or two decides to drive a truck bomb into a bank.
 
2014-05-05 11:58:07 PM  

Soup4Bonnie: Curious: a while lot of ^^^^ THIS

I want to see your "o" face!


oh.

frankly i have no idea how to respond.
 
2014-05-05 11:59:38 PM  
You have to admit, that would be an epic mugshot roundup.
/not holdering my breath.
 
2014-05-06 12:03:58 AM  

Arkanaut: BizarreMan: How do you jail a bank?

Corporations are people, my friend!


Doesn't making a corporation a person completely legitimize double taxation?
 
2014-05-06 12:13:54 AM  

iaazathot: Arkanaut: BizarreMan: How do you jail a bank?

Corporations are people, my friend!

Doesn't making a corporation a person completely legitimize double taxation?


Not sure how "double taxation" is delegitimized in the first place.
 
2014-05-06 12:21:44 AM  

Curious: oh.

frankly i have no idea how to respond.


It may take you a "while"?  You made a typo, I made a joke.

Maybe I'll go play somewhere else tonight.
 
2014-05-06 12:35:47 AM  
I'll believe it when I see it.

Which means I won't ever believe it.

And that makes me sad.
 
2014-05-06 12:46:01 AM  
From what I've observed of Holder, he strikes me as the kind of guy who says such things and then people are laughing "Oh like he could touch us" he drops a stack of papers on the desk and goes "Who's laughing now biatch?".
 
2014-05-06 12:54:28 AM  
Of course they aren't too BIG to jail.

They're too RICH to jail -- a whole different thing, really.
 
2014-05-06 12:58:07 AM  

Ow! That was my feelings!: So...what the hell is the difference between voting Republican or Republican lite? Why wouldn't you just vote for the Republican?


A Democrat could fark you over.

A Republican will fark you over.
 
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