Put bankers behind bars

Apparently, there is a move in the EU to stand up the unethical behavior of big banks. And from the financial state they are in, who could blame them? The EU finance regulator Michel Barnier is using Avaaz to collect names for a petition that will be presented to "The European Commission", "European Parliament" and "Member States" from what I understand.

The EU finance regulator, Michel Barnier is standing up to the powerful bank lobby and championing reform that would put bankers behind bars for fraud like this. If the EU goes first, accountability could quickly spread across the globe. But the banks are lobbying hard against it, and we need a massive surge of people power to drive these reforms through. If we can get 1 million people to stand with Barnier in the next 3 days, it will give him momentum to face down the banking lobby and push governments to bring reform.

Big banks have been caught in a massive scam to rig global interest rates, ripping off millions of people on their mortgages, student loans and more! We'd go to jail for this, but Barclays bank has only been fined, and just a fraction of their profits! Outrage is mounting -- this is our chance to finally turn the tide of the banks' reign over our democracies.

Anyway, check from the link below. Or don't .
Source

More info:
Reuters
2012thebigpicture.wordpress.com...

Big banks have been caught in a massive scam to rig global interest rates, ripping off millions of people on their mortgages, student loans and more!

Uh, not really. The bankers kept the LIBOR rate exceptionally low, which actually meant that loans tied to LIBOR were kept artificially lower than they should be. So, in actuality, people with LIBOR based loans, or student loans tied to LIBOR, actually profited from the super low LIBOR rates.

The only ones that would have been hurt would be investors that were being paid dividends based on LIBOR rates. In reality, if LIBOR were jacked up higher, the global economy would be in worse shape, with more foreclosures, more defaults on home loans, etc. Corporations also typically borrow on LIBOR, so hiking up LIBOR would mean more layoffs, more downsizing, etc.

No one has yet to figure out mathematically the impact of these allegations of misconduct. We are talking about 1/100th of a percentage point that is in dispute. LIBOR is set by the British Banking Association - It's like a trade union or a Chamber of Commerce for big banks. It's a speculative rate by its very nature because there is no transparent governmental authority that regulates it.

reply to post by anno141


Do not be fooled, this is all just a ruse.

Blaming the bankers, gives the impression that the system is right unless operated incorrrectly.
This is wrong.

The system is inherently a scam whether or not the bankers are 'ethical'.

reply to post by HumanCondition

Well of course, the "fractional reserve banking" (and of course the Federal reserve banking fiat currency global system, but it is a different issue) is what I personally think is to blame for it. But getting some accountability is a start at least. I've also read about "public banking" that seems to be a better system, but I'm unsure if "FRB" is used in it and could lead to the same kind of inter-connectivity and dependance on other banks for loans. I don't think banks should be privately owned.

The system is inherently a scam whether or not the bankers are 'ethical'.

The problem with this line of thinking -- the public outrage and anger at the banks -- is that it plays right into the hands of the elites that want to remake the banking system into a central world bank, with a single international currency, and a micro-chipped population.

Stop and think really hard about why the media is whipping up a frenzy about alleged banking misconduct.

We already have stupid people demanding radical reform to the banking system, which the elites will use to usher in a New World Order bank for the masses. Be careful what you wish for.

Toss the bars.
Reinact the counterfieting punishments from 500 years ago. Cruel and unusual my hind end I cannot think of anything more cruel than stealing the lifes work of an honest person through inflation and leaving them to spend their elder years eating pet food to survive.

reply to post by CookieMonster09

I'm not that familiar with Libor or the whole scandal in general, but from what I've read they lied to each other and manipulated the rates in both directions. And for it all to work a lot of more Banks than Barkleys have had to been inwolved or very much aware of it, like Geithner was.

Originally posted by anno141
reply to post by HumanCondition

 

Well of course, the "fractional reserve banking" (and of course the Federal reserve banking fiat currency global system, but it is a different issue) is what I personally think is to blame for it. But getting some accountability is a start at least. I've also read about "public banking" that seems to be a better system, but I'm unsure if "FRB" is used in it and could lead to the same kind of inter-connectivity and dependance on other banks for loans. I don't think banks should be privately owned.

edit on 18-7-2012 by anno141 because: (no reason given)

Well its a big part of it but it is inherently flawed in many different ways.
When a system which controls the entire world is controlled by a minute group of people you from the start have what is essentially a regime, one that has inflicted more pain, death and destruction then any other dictator or government in history. You cannot expect a fair system from that set-up, 1. because the fact it is controlled completely destroys that being even possible and 2. because their history proves they are dangerous scam artists with no thought for basic human rights.

Originally posted by CookieMonster09

The system is inherently a scam whether or not the bankers are 'ethical'.

The problem with this line of thinking -- the public outrage and anger at the banks -- is that it plays right into the hands of the elites that want to remake the banking system into a central world bank, with a single international currency, and a micro-chipped population.

Stop and think really hard about why the media is whipping up a frenzy about alleged banking misconduct.

We already have stupid people demanding radical reform to the banking system, which the elites will use to usher in a New World Order bank for the masses. Be careful what you wish for.

Exactly, they present a problem and then pretend to be the cure.
I don't really speculate on their grand plans because all I know is the here and now (which is already enough reason to hate the elites) but knowing their history I know that stuff is completely plausible.

There is no doubt in my mind that the recent outing of certain people like bankers, big business, politicians, media is just a ruse and it honestly scares me that people may take it seriously.

Originally posted by CookieMonster09

The system is inherently a scam whether or not the bankers are 'ethical'.

The problem with this line of thinking -- the public outrage and anger at the banks -- is that it plays right into the hands of the elites that want to remake the banking system into a central world bank, with a single international currency, and a micro-chipped population.

Stop and think really hard about why the media is whipping up a frenzy about alleged banking misconduct.

We already have stupid people demanding radical reform to the banking system, which the elites will use to usher in a New World Order bank for the masses. Be careful what you wish for.

The TRUTH is not a "line of thinking". It is simply the truth. The entire system is a goose chase.

The only way to keep the system is stop usury. You see usury always was illegal but they've gotten everyone to accept that. They've also gotten everyone to accept that someone can make 14,000 a year while another can make 50,000,000. People will defend this insanity at all costs running from equality cause it stinks of socialism. People chase greed with an insatiable appetite and wonder why the world is so messed up. In fact half the people in these forums will still defend capitalism, which is and always has been the new slavery. Working 10-14 hour days just to make end meet feel those shackles.

Originally posted by CookieMonster09
[We already have stupid people demanding radical reform to the banking system, which the elites will use to usher in a New World Order bank for the masses. Be careful what you wish for.

Wait, what? You want it to remain the way it is? Once the FED is audited the scam will be all over for these "globalists", it will surely connect to the BIS and Rothschild and the whole shabang. Others will see the fiat currencies for what they are then aswell.

But the situation in europe is a good exaple of why the "FRB" is wrong and may shed light on that private banking in general is not at all in the interests of the public, quite the opposite. Before central banks existed FRB was also used but then they always went bankrupt when some unexpectedly large sum was to be withdrawn and they did not have it, thus bank runs commenced.

reply to post by anno141


what the monster fails to point out is that libour was also tied to insurance hedges called Derivatives,
current estimates are that 1.2 quadrillion dollars are tied to these rates,

when local counties or cities want to build a bridge,
they would insure there capital (simplified) with a hedge (insurance)
and the rate manipulation caused massive losses on the insurance.

so dont listen to mister,
the bankers are innocent,
the only way to avoid the very same thing happening is very long jail terms with all capital returned to the states that were defrauded.

if on top of this you take into account that fraud is fraud,
and IF YOU DID IT YOU WOULD go to jail for 7 years or more

monster is attempting to down play the damage these bankers have done

almost like saying,

you should thank your burglar for "cleaning" your house

out and out dissinfo or ignorence

my 2C

xploder

reply to post by CookieMonster09


here is a small list of crimes,
Laundering money for drug cartels. See this, this, this and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis)
Laundering money for terrorists
Engaging in mafia-style big-rigging fraud against local governments. See this, this and this
Shaving money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details here, here, here, here, here, here, here, here, here, here, here and here
Charging “storage fees” to store gold bullion … without even buying or storing any gold . And raiding allocated gold accounts
Committing massive and pervasive fraud both when they initiated mortgage loans and when they foreclosed on them (and see this)
Pledging the same mortgage multiple times to different buyers. See this, this, this, this and this. This would be like selling your car, and collecting money from 10 different buyers for the same car
Cheating homeowners by gaming laws meant to protect people from unfair foreclosure
Committing massive fraud in an $800 trillion dollar market which effects everything from mortgages, student loans, small business loans and city financing
Engaging in insider trading of the most important financial information
Pushing investments which they knew were terrible, and then betting against the same investments to make money for themselves. See this, this, this, this and this
Engaging in unlawful “frontrunning” to manipulate markets. See this, this, this, this, this and this
Engaging in unlawful “Wash Trades” to manipulate asset prices. See this, this and this
Otherwise manipulating markets. And see this
Participating in various Ponzi schemes. See this, this and this
Charging veterans unlawful mortgage fees
Cooking their books (and see this)
Bribing and bullying ratings agencies to inflate ratings on their risky investments
The executives of the big banks invariably pretend that the hanky-panky was only

max

if you really think about it, the derivatives market could single handedly take down the entire world in one go,
i dont think jailing bankers far actual crimes leads to the one world government you fear.

it is clear that without long jail sentences this will continue

xploder

I'm not that familiar with Libor or the whole scandal in general, but from what I've read they lied to each other and manipulated the rates in both directions.

LIBOR rates are super low, and have been for quite some time. These super, ultra low rates help borrowers, mostly large corporations, some sub-prime borrowers, and High Net Worth individuals that borrow on LIBOR rates. My point is that by keeping the rates super low lately, these same bankers may have helped the global economy from collapsing. Yes, investors may have lost money - Agreed. But an investor cannot collect on their investment if the borrower goes belly up because LIBOR is inflated.

We have a ton of accusations in the media floating around right now, and lots of speculative theories. It's a bunch of hooey. It's a smokescreen so that the elites can radically change the banking system into a single One World Bank, with a single currency worldwide, and a micro-chipped population. That's the agenda. Yet, we have complete idiots on this forum and in the media that buy the story hook, line, and sinker, and demand, "The banking system is corrupt! It must be changed!" It will be changed all right, and you and your children and grandchildren won't be able to buy or sell without a chip on your wrist or hand. So, yes, please go ahead and complain some more about the banks, so we can have our New World Order bank implemented faster.

I don't really speculate on their grand plans

You don't need to speculate. You just need to read and research what the elites have been saying for decades now. We will have a New World Order currency, and a single World Bank, and a micro-chipped population. That's not speculation - It's the agenda being implemented before your very eyes.

Wait, what? You want it to remain the way it is? Once the FED is audited the scam will be all over for these "globalists", it will surely connect to the BIS and Rothschild and the whole shabang. Others will see the fiat currencies for what they are then aswell.

See above. You have been brainwashed by the looney tunes on the left. They want you to hate the banks because they want the public to be whipped into a frenzy so that the current banking system can be destroyed so that a New World Order Bank can be pressed upon the people. And you guys on this forum are all stupid enough to take the bait and clamor for "change". You'll get change, all right. With a microchip on your forehead or on your wrist and a banking system that will control every aspect of your life.

here is a small list of crimes,

No, there is a list of allegations. If you have evidence of specific criminal activity, as you allege, then you should file a lawsuit. Otherwise, you are speaking in generalities. I could make a laundry list of the same allegations for the oil industry, the automotive industry, the computer industry, etc.

But, please, go ahead. Complain about the banks. Demand "change". And see what the elites have in store for you. In a few short years, you will be begging for the old banking system to be back in place once the New World Order banking system is firmly in place.

reply to post by CookieMonster09


ppfffttt
you want to make criminality a left right argument?

misdirection will get you no where.

look at the current list of crimes i posted to this thread,

THIS IS A LEFTY CONSPIRACY?

you sir are now being disingenuous.

and your tactics for thread disruption are obvious

fraud is a jailable crime,
not a lefty plot

xploder

THIS IS A LEFTY CONSPIRACY?

The Occupy Movement - a criminal movement, mind you - is leftist Communism.

It is the leftist, liberal media - goons like Eliot Spitzer who was caught by a bank teller in the illegal act of "structuring" to hide his payments to prostitutes - that is on a war rampage against the banks.

You don't hear the same leftist politics on the right. The most you will hear is the occasional looney tune rhetoric from the Ron Paul folks about "auditing the Fed". Buy a clue. The Fed gets audited every year. They were audited last year by accounting firm, Deloitte and Touche.

www.federalreserve.gov...
money.cnn.com...

In totality, it is the far left - especially the leftist Occupy criminals -- that are calling for the murder and punishment of bankers.

It sure isn't coming from the far right.

Originally posted by CookieMonster09

THIS IS A LEFTY CONSPIRACY?

The Occupy Movement - a criminal movement, mind you - is leftist Communism.

lol the same distract the debate into a left right argument
sorry im not going to get derailed by you

It is the leftist, liberal media - goons like Eliot Spitzer who was caught by a bank teller in the illegal act of "structuring" to hide his payments to prostitutes - that is on a war rampage against the banks.

ok so if elliot spitzer is a criminal for fraud,
then so is the banks for much larger fraud

You don't hear the same leftist politics on the right. The most you will hear is the occasional looney tune rhetoric from the Ron Paul folks about "auditing the Fed". Buy a clue. The Fed gets audited every year. They were audited last year by accounting firm, Deloitte and Touche.

the first audit of the federal reserve in its history?
yes THE FIRST REAL AUDIT was done for looney tune reasons,
like 17 trillion given out to banks and foreign institutions
you again are disingenuous

In totality, it is the far left - especially the leftist Occupy criminals -- that are calling for the murder and punishment of bankers.

It sure isn't coming from the far right.

i have never heard any call for murder,
justice maby, defiantly not murder.

have you woundered why the right excuses the banks?

are you for real or are you trolling for lulz?

xploder

lol the same distract the debate into a left right argument

Good grief.

ok so if elliot spitzer is a criminal for fraud,

He's the leftist poster boy for your Kill the Bankers movement. Same pig that got exposed for hiring hookers while he was governor. Really swell chap. Family is loaded. He's as elitist as they come.

the first audit of the federal reserve in its history?

The audit of the Fed is published publicly every year. Good grief.

like 17 trillion given out to banks and foreign institutions

The Fed is a central bank. Here's a clue: Banks lend money. Quit misconstruing and distorting.

i have never heard any call for murder,

No, your cronies in Occupy do. You, of course, are perfectly innocent.

reply to post by CookieMonster09


if you have knowledge of a crime or potential crime i advise you to contact the police,
as for your accusations,
they are just that baseless accusations.

i can tell you are hard core right,
you must be to overlook the criminality of the banks and instead focus on the crimes of a man using prostitutes.

the long and the short of it is this,
criminals weather bankers or television personalities,
deserve justice

criminal justice in front of a judge.


xploder

Originally posted by HumanCondition
reply to post by anno141

 

Do not be fooled, this is all just a ruse.

Blaming the bankers, gives the impression that the system is right unless operated incorrrectly.
This is wrong.

The system is inherently a scam whether or not the bankers are 'ethical'.

edit on 18-7-2012 by HumanCondition because: (no reason given)

Great post, was going to post almost the same as yours with the following addin:

They may use some event like this to blame their competition
and or those who are not fully onboard with the NWO to get rid of them.

Just like in 1929 the ppl who were charged were done so for the effect of
further consolidation by certain high powered monetary interests tied
largely to the federal reserve at this time and other central banks.