Iceland Sentences 26 Corrupt Bankers To 74 Years In Prison

  • metta

    Posts: 39108

    Jan 20, 2016 5:55 AM GMT
    Iceland Sentences 26 Corrupt Bankers To 74 Years In Prison


    https://www.popularresistance.org/iceland-sentences-26-corrupt-bankers-to-74-years-in-prison/


    In the US they get bonuses.
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    Jan 20, 2016 5:01 PM GMT
    metta saidIceland Sentences 26 Corrupt Bankers To 74 Years In Prison


    https://www.popularresistance.org/iceland-sentences-26-corrupt-bankers-to-74-years-in-prison/


    In the US they get bonuses.


    "It's not us that will suffer- it's your pension fund."



  • Destinharbor

    Posts: 4433

    Jan 20, 2016 5:23 PM GMT
    Deregulation. And the Republicans want to get back on that train again. Unfortunately the results of all this deregulation led to the concentration of wealth Bernie and Robert Reich have been focusing on. And the result of that is a completely skewed tolerance for risk because when you have billions, your lifestyle won't be affected by loses. Thus Hedgefunds and Private Equity. Unbelievable that the Republicans rejected Obama's attempt to write into law that an investment advisor managing retirement funds must look out for the interests of his client. On a macro scale, regulations like that kept the lid on risk tolerance.
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    Jan 20, 2016 5:32 PM GMT
    Iceland got it right; the US has a ways to go.
  • tazzari

    Posts: 2937

    Jan 20, 2016 7:35 PM GMT
    Probably much more possible in a small country, and in one less saturated with obscene wealth.
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    Jan 21, 2016 12:54 AM GMT
    tazzari saidProbably much more possible in a small country, and in one less saturated with obscene wealth.

    You're so right. As Rev. Wright might put it, "'God damn America' for daring to be successful and make money!" icon_rolleyes.gif
  • tj85016

    Posts: 4123

    Jan 21, 2016 1:15 AM GMT
    MGINSD saidIceland got it right; the US has a ways to go.


    Jamie Dimon (JPM/Chase) and Lloyd Blankfein (Goldman), among others, should be indicted for price fixing, collusion and fraud under the RICO statute