Tha Original i30 Owners Club

GENERAL STUFF => GENERAL DISCUSSIONS => Random Chit Chat => Topic started by: AlanHo on May 20, 2015, 15:25:04

Title: Easy Money
Post by: AlanHo on May 20, 2015, 15:25:04

Five of the world's largest banks are to pay fines totalling $5.7bn (£3.6bn; €5.1bn) for manipulating foreign exchange or interest rates, US officials say.

Four of the banks - JPMorgan, Citigroup, Barclays, RBS - have agreed to plead guilty to US criminal charges while the fifth, UBS AG, will plead guilty to rigging benchmark interest rates.

What I don't understand is why our government does not do the same - and as a result, trouser several billions to help reduce the National Debt.

Title: Re: Easy Money
Post by: asathorny on May 20, 2015, 19:59:16

And not one single person from the banking RACKET is doing jail time.  I think that tells us all we need to know Alan.  The bankers are the masters of the universe.   :rolleyes: :rolleyes: :rolleyes:

Title: Re: Easy Money
Post by: Doggie 1 on May 21, 2015, 08:34:17

Merchant Bankers. (Rhymes with tosspot).

Title: Re: Easy Money
Post by: AlanHo on May 21, 2015, 16:57:32

Quote from: asathorny on May 20, 2015, 19:59:16

And not one single person from the banking RACKET is doing jail time.  I think that tells us all we need to know Alan.  The bankers are the masters of the universe.   :rolleyes: :rolleyes: :rolleyes:

You can trace that truth back to Roman times - if not before then.  Those who hold the purse strings, generally hold the power and are relatively untouchable.