The transparent regime at the Bank of England seems to have sacked it Forex man just before the report was published but won't explain why. Apparently he did nowt really wrong but still got sacked! One has to wonder at it all.
I thought this was a post about the 1970s Californian wine producer and their hospital urine bottle shaped receptacles that I so loved and collected in Whitley Bay during my sojourn there, yes, wine in Whitley Bay in the 1970s, well they called you a big jessie but still...
Someday everything is gonna be different, when I paint my masterpiece ---------------------------------------------------------- Online art gallery, selling original landscape artwork ---------------------------------------------------------- JerryChicken - The Blog ----------------------------------------------------------
peggy wrote:Crikey Chicken you are old. It was Masson by the way
The number of S's in a name were often the least of my problems living in Whitley Bay in the 1970s.
Someday everything is gonna be different, when I paint my masterpiece ---------------------------------------------------------- Online art gallery, selling original landscape artwork ---------------------------------------------------------- JerryChicken - The Blog ----------------------------------------------------------
Joined: Feb 20 2002 Posts: 1437 Location: Leigh, where else?
Nice to see somebody in the media is as sick and tired of banksters being beyond the law as I am.
"If the American people knew tonight, exactly how the monetary and banking system worked, there would be a revolution before tomorrow morning."
-Abraham Lincoln
Joined: Jun 19 2002 Posts: 14970 Location: Campaigning for a deep attacking line
It's a bizarre situation where someone can conspire with other people, and then actively commit a crime involving huge amounts of money yet they aren't arrested, charged and prosecuted simply because of who they work for.
That kind of protection is usually only afforded to the police.
Him wrote:It's a bizarre situation where someone can conspire with other people, and then actively commit a crime involving huge amounts of money yet they aren't arrested, charged and prosecuted simply because of who they work for.
It makes you sick. If it was Joe Public who'd fiddled 30 grand from the accounts company he worked for he'd be in jail. These banking shysters fiddle millions and just get a slap on the wrist and a fine that may sound a lot, but in the grand scheme of things is actually a drop in the ocean. The old ''we need to stop the cream of the employees moving on'' excuse is wearing thin too.
"Back home we got a taxidermy man. He gonna have a heart attack when he see what I brung him."
Joined: Dec 05 2001 Posts: 25122 Location: Aleph Green
It's a measure of mainstream media's influence over people's minds that throughout the world poverty, starvation, joblessness etc. are repeatedly pinned on the hubris and pork-barrel largesse of enigmatic "bankers" who, aside from the two or three which flutter in front of a camera to attend some sham court meeting, remain overwhelmingly anonymous.
Everyone (including the government) agree they are guilty. Which, if they were "terrorists" and we lived in the US, is sufficient burden of proof to instigate executive action and launch an assassination drone - even for a thirteen-year old banker.
But do the bankers of JPM simply get up one morning and whilst shaving concoct some audacious scheme through which they can bet the Morgan oligarchy's money - completely without their knowledge?
Does the Rockefeller clan look only straight ahead as it marches through the marble offices of Citibank for fear that employees might think they've come to spy on them? If so it must have come as a great shock to discover back in 2009 that they were sitting on a mountain of bad debt. If only they'd remained vigilant!
If Paul Mason were half as honest as he wants you to believe he'd admit this is as much a sham as any offered up by carnival hucksters. Yeah.... let me look as though I give a hoot standing outside whilst shouting at those GREEDY BANKERS. But a serious investigation into the major American financial oligarchies and their role in this debacle? Go back to sleep, Paul.
Joined: Dec 05 2001 Posts: 25122 Location: Aleph Green
Expanding the point further - there's an excellent and thoroughly well-researched book by Nomi Prins titled All The Presidents Bankers which really does shine much needed light on the big banking families.
It's easy to think crooked investment bankers are a relatively modern phenomenon. But blaming "a few bad apples", "rogue traders", "risk takers" etc. dates back to the creation of the modern banking system three hundred years ago.
Prins' work kind of tails off circa Bush-Clinton largely because her source material (formerly in voluminous and surprisingly honest and accurate detail) was increasingly choked off by red tape and mysterious state secrecy laws.
But based on the eighty years of material going back to the creation of the United States Federal Reserve she concluded there was rarely an economic crisis which wasn't initiated by one or more of the giant banking oligarchies and such invariably made off like bandits in the aftermath whilst every third family was losing its house.
Let us remember that this is an industry which bats not an eye as billions (even trillions) of dollars of drug money is cycled through its systems each year. And before anyone seriously suggests they DON'T KNOW it's drug money I should point out that no lesser source than the Financial Times reported a couple of years ago that the chairman of Citibank had actually flown down to Columbia in order to swing a deal which would see the biggest cocaine trafficker in that nation receive the kind of checking account privileges you and I can only dream of.
Expanding the point further - there's an excellent and thoroughly well-researched book by Nomi Prins titled All The Presidents Bankers which really does shine much needed light on the big banking families.
It's easy to think crooked investment bankers are a relatively modern phenomenon. But blaming "a few bad apples", "rogue traders", "risk takers" etc. dates back to the creation of the modern banking system three hundred years ago.
Prins' work kind of tails off circa Bush-Clinton largely because her source material (formerly in voluminous and surprisingly honest and accurate detail) was increasingly choked off by red tape and mysterious state secrecy laws.
But based on the eighty years of material going back to the creation of the United States Federal Reserve she concluded there was rarely an economic crisis which wasn't initiated by one or more of the giant banking oligarchies and such invariably made off like bandits in the aftermath whilst every third family was losing its house.
Let us remember that this is an industry which bats not an eye as billions (even trillions) of dollars of drug money is cycled through its systems each year. And before anyone seriously suggests they DON'T KNOW it's drug money I should point out that no lesser source than the Financial Times reported a couple of years ago that the chairman of Citibank had actually flown down to Columbia in order to swing a deal which would see the biggest cocaine trafficker in that nation receive the kind of checking account privileges you and I can only dream of.
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