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(Washington Post)   Study group recommends that bankers have a Hippocratic Oath to make them promise to behave ethically. Difficulty: Making an oath short enough so that bankers can finish saying it before breaking out into uncontrollable laughter   (washingtonpost.com) divider line 16
    More: Unlikely, compliance officers, fiduciary duties, California Polytechnic State University  
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2014-08-03 07:36:15 AM
Yeah, those oaths worth so well in the legal and medical professions that it would most certainly fix banking.

Corruptive asshats are going to be corrupt asshats if given an opening.
 
2014-08-03 08:24:21 AM
I recommend we separate commercial from investment banking and put an end to regulator shopping.

That worked great for almost 70 years.  Except for the S&L crisis, of course, which was caused by - wait for it - regulator shopping.
 
2014-08-03 08:25:31 AM
Start by reinstating the Glass-Steagall Act and expand it to make executives personally responsible for overstepping and abusing the public trust rather than having the public bail out every unscrupulous corporate interest. Also, make the names Gramm, Leach, and Bliley synonymous with industry special interest sucking pond scum. Well Leach is already halfway there.
 
2014-08-03 08:53:04 AM

brap: Start by reinstating the Glass-Steagall Act and expand it to make executives personally responsible for overstepping and abusing the public trust rather than having the public bail out every unscrupulous corporate interest. Also, make the names Gramm, Leach, and Bliley synonymous with industry special interest sucking pond scum. Well Leach is already halfway there.


Gramm too.
 
2014-08-03 08:56:12 AM
I, (state your name), swear by the Almighty Dollar to conduct myself in accordance with the following Rules:

-Once you have their money, you never give it back...

-Never spend more for an acquisition than you have to...

-Never allow family to stand in the way of opportunity...

-Keep your ears open...

-Opportunity plus instinct equals profit...

-Greed is eternal...

-A deal is a deal...

....
 
KIA
2014-08-03 09:17:26 AM
You know what would be terrific?  If politicians had to take that kind of oath and maybe even be held to it.  I'm thinking something like

I do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; that I take this obligation freely, without any mental reservation or purpose of evasion; and that I will well and faithfully discharge the duties of the office on which I am about to enter: So help me God.

Actually, on further consideration, I'd like the oath to revert back a bit:

in August 1862, a section was added, known as the "Ironclad Test Oath." It required all civil servants and military officers to swear not only to future loyalty, as required by the existing oath, but also to affirm that they had never previously engaged in criminal or disloyal conduct. Those failing to take the 1862 Test Oath would not receive a salary.

In fact, maybe we could, I don't know, have an actual criminal background check run, pre-nomination drug testing, ongoing drug testing, and remove exemptions to insider trading laws that Senators currently enjoy.
 
2014-08-03 09:18:43 AM

Marcus Aurelius: I recommend we separate commercial from investment banking and put an end to regulator shopping.

That worked great for almost 70 years.  Except for the S&L crisis, of course, which was caused by - wait for it - regulator shopping.


www.tomheneghanbriefings.com
 
2014-08-03 09:21:35 AM
if bankers had ethics, they wouldn't be bankers.
 
2014-08-03 09:40:31 AM
All we need to hear is some last words.
 
2014-08-03 09:47:30 AM

brap: Start by reinstating the Glass-Steagall Act and expand it to make executives personally responsible for overstepping and abusing the public trust rather than having the public bail out every unscrupulous corporate interest. Also, make the names Gramm, Leach, and Bliley synonymous with industry special interest sucking pond scum. Well Leach is already halfway there.


Make everyone who breaks the law responsible for the actions and set the fines for the big stuff 100% of everything you own, including the stuff that we tried to hide in your spouse/children's names.

If you know that your house, car and children's college fund is gone if you singe off on something illegal then it will cause people to pause. Put an end to this stupid idea of corporate person hood. The corp can't be thrown in jail so it can't be liable, the people who can be thrown i jail are the ones liable.
 
2014-08-03 09:58:54 AM
Here's an idea: Let's jail bankers who break the law. I'll bet that seeing coworkers frogmarched out of the office and sentenced to a few decades in prison would change how banking is done.
 
2014-08-03 10:28:13 AM
Shine on, you crazy diamonds...
 
2014-08-03 10:31:55 AM

Notabunny: Here's an idea: Let's jail bankers who break the law. I'll bet that seeing coworkers frogmarched out of the office and sentenced to a few decades in prison would change how banking is done.


Never going to happen. They are the controlling class and own the law enforcers.
 
2014-08-03 10:52:55 AM

nyseattitude: Notabunny: Here's an idea: Let's jail bankers who break the law. I'll bet that seeing coworkers frogmarched out of the office and sentenced to a few decades in prison would change how banking is done.

Never going to happen. They are the controlling class and own the law enforcers.



img.photobucket.com
 
2014-08-03 12:44:14 PM

Notabunny: nyseattitude: Notabunny: Here's an idea: Let's jail bankers who break the law. I'll bet that seeing coworkers frogmarched out of the office and sentenced to a few decades in prison would change how banking is done.

Never going to happen. They are the controlling class and own the law enforcers.


[img.photobucket.com image 608x600]


As the dust settles, I am starting to think Bernie could use some Fark Sponsorship.
My experience with the Media Jacklals tends to go with the nominated chump.
 
2014-08-03 04:41:33 PM

Notabunny: nyseattitude: Notabunny: Here's an idea: Let's jail bankers who break the law. I'll bet that seeing coworkers frogmarched out of the office and sentenced to a few decades in prison would change how banking is done.

Never going to happen. They are the controlling class and own the law enforcers.


[img.photobucket.com image 608x600]


Bankers don't go to jail? News to Lee Farkas.
 
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