Think about all the huge violations and issues that have occurred within the banking sector over the years since the banking implosion of 2008: JP Morgan is being investigated for money laundering (source), banks across the world are helping wealthy individuals hide money offshore (source), Iceland rejected international bankers and decided to jail those responsible for the collapse there (source), several banks have been implicated in the world’s largest banking scandal in history (source), JP Morgan lost what was thought to be $2 billion but is more like $8 billion on proprietary trading putting customer deposits at risk (source) … not to mention countless others.
I have advocated for putting the bankers in jail HERE and just eating them HERE. Former British Ambassador Craig Murray says we should just shoot them. When the mob rules …. it can be unruly from time to time. What we can’t allow is the status quo. Either things change or the more angry elements of the mob surface.
He writes HERE:
Not only have they taken all my money, the majority of the money I shall be paying to cover it for the rest of my life, will consist of interest to the bankers because the government borrowed at interest from the bankers the money it then gave gratis to the bankers to bail them out.
And, as doubtless you will have noticed, nothing changed. No reduction in massive salaries and bonuses, no split of casino from high street banking, no transaction tax to deter multiple speculative trades. A million more unemployed, but none of them investment bankers – they have however sacked over a hundred thousand mostly female staff from their high street branches, which were the only sensible and profitable bit of the operation. No bankers in jail, not even for LIBOR fraud. Quantitive Easing, or printed money, is given not for infrastructure projects to produce growth, but given to banks to improve their liquidity. They do not lend it on to companies but pay it to themselves, as bonuses.
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