Hey America! Here is a fun fact:
Citicorp, JPMorgan Chase, Barclays, The Royal Bank of Scotland and UBS AG have agreed to plead guilty to felony charges and pay billions in criminal fines. The offenses range from manipulating the value of dollars and euros to rigging interest rates. Isn’t that neat?
Citicorp, JPMorgan Chase, Barclays, The Royal Bank of Scotland will pay fines totaling $2.5 billion to the Justice Department. In addition, the Federal Reserve is imposing fines of more than $1.6 billion on the five banks. So they probably won’t ever do that again.
Michael Corbat Citigroup (CEO), James Dimon JPMorgan Chase (CEO), Antony Jenkins Barclays (CEO), Ross Maxwell McEwan (CEO) of The Royal Bank of Scotland Group (RBS) and Sergio Ermotti UBS (CEO). These turds are a bunch of white collar criminals who allow their banking institutions to continue unethical practices because all they have to do is pay billions of criminal fines out of the profits they illegally procured duh!
They’re doing the crime but they are not doing the time.
Did you know that Iceland didn’t bail out their banks? Instead their country helped the citizens and forced the banks to bailout the people, making the banks write off the mortgages of their citizens. Only three banks remain but under the control of their government.
And did you know…
Vietnam sentenced a director of a Vietnam Bank to death for fake loans amounting to 89 million dollars. (Two other Vietnam bankers were sentenced to death. Sounds barbaric or does it?) In China, economic crimes are subject to a range of harsh penalties, including death.
I am not for torture. I am not for the death penalty. But it would be nice if these bankers resisted arrest. And I doubt anyone would riot if a volunteer deputy accidentally gunned down a couple of bank CEOs. A Mexican girl can dream can’t she?