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Tony Blair: Don’t Hang Bankers
Mainstream economist Nouriel Roubini said recently:
Nobody has gone to jail since the financial crisis. The banks, they do things that are illegal and at best they slap on them a fine. If some people end up in jail, maybe that will teach a lesson to somebody. Or somebody hanging in the streets.
Former British prime minister Tony Blair – currently employed as a senior adviser to JP Morgan – said today:
We must not start thinking that society will be better off “if we hang 20 bankers at the end of the street” ….
Where’s all of this coming from?
The American government’s top official in charge of the bank bailouts writes:
Americans should lose faith in their government. They should deplore the captured politicians and regulators who distributed tax dollars to the banks without insisting that they be accountable. The American people should be revolted by a financial system that rewards failure and protects those who drove it to the point of collapse and will undoubtedly do so again.
Only with this appropriate and justified rage can we hope for the type of reform that will one day break our system free from the corrupting grasp of the megabanks.
Economics professor Randall Wray writes today:
Thieves … took over the whole economy and the political system lock, stock, and barrel. They didn’t just blow up finance, they oversaw the swiftest transfer of wealth to the very top the world has ever seen. They screwed workers out of their jobs, they screwed homeowners out of their houses, they screwed retirees out of their pensions, and they screwed municipalities out of their revenues and assets.
Financiers are forcing schools, parks, pools, fire departments, senior citizen centers, and libraries to shut down. They are forcing national governments to auction off their cultural heritage to the highest bidder. Everything must go in firesales at prices rigged by twenty-something traders at the biggest and most corrupt institutions the world has ever known.
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I see two scenarios playing out. In the first, we allow Wall Street to carry on its merry way, as the foreclosure crisis continues and Wall Street steals all homes, packaging them into bundles to be sold for pennies on the dollar to hedge funds. All wealth will be redistributed to the top 1% who will become modern day feudal lords with the other 99% living at their pleasure on huge feudal estates.
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That is the default scenario—the outcome that will emerge in the absence of action.
In the second, the 99% occupy, shut down, and obliterate Wall Street.
Economics professor Michael Hudson agrees … saying that the banks are trying to make us all serfs.
Top economists say that fraud caused the Great Depression and the current financial crisis, and that the economy will never recover until fraud is prosecuted.
Leading experts say that fraud is not only widespread, it is actually the business model adopted by the giant banks. See this, this, this, this, this and this.
Indeed, the big banks – with the help of the government – have basically become criminal enterprises. And yet the Bush and Obama administrations have made it official policy not to prosecute fraud.
Economics professor Steve Keen says:
“This is the biggest transfer of wealth in history”, as the giant banks have handed their toxic debts from fraudulent activities to the countries and their people.
Nobel economist Joseph Stiglitz said in 2009 that Geithner’s toxic asset plan “amounts to robbery of the American people”.
That’s why people are so mad at bankers.
I noted 7 years ago:
I am NOT calling for the overthrow of the government. In fact, I am calling for the reinstatement of our government. I am calling for an end to lawless dictatorship and a return to the rule of law. Rather than trying to subvert the constitution, I am calling for its enforcement.
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The best way to avoid all types of revolution would be for the government to start following the rule of law. I passionately hope it will do so.
The fact that even Tony Blair and Nouriel Roubini are talking about hanging bankers shows that this is the last chance for the justice system – the only thing which stands between criminals on Wall Street and pitchforks – to work.
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P.P. - Plese don't forget media. We need a wing or two, a cage or two? at G-Bay for the propagandists.
There isn't enough room in either of those facilities.
Hang Tony Blair instead?
"Hang Tony Blair instead" How about ALL SO!
I would describe "Hanging twenty Bankers on the corner of the street" as a good start?
His name is not B-Liar for nothing.
Yes. With a piano chord.
I for one feel that the idea of the noose is silly and dated.
I predict someone, somewhere eventually finds a sniper rifle to be an infinitely more effective tool for dispatching the world's most sinister criminals.
Surely this is code for hang bankers
How about a baseball bat ? Need to be able to get close though ...
Just finished building another AR a few minutes ago, and it is NICE.
I'm serious.
...Shhh...
I'm surprised that someone hasn't already tried to take out guys like Blankfein and Dimon. If you cannot rely on government to protect the rule of law, where does one turn? As Gerald Celente has stated: "when people have nothing left to lose, they lose it!" All it would take is one example of this and every bankster and politician in DC and elsewhere involved in this massive fraud would be looking over their shoulders. That would start "change you can believe in". Of course I do not advocate violence in any form.
Only 20? Thats just fo dinner. And Tony, btw, did you see Saddam recently? He was lookin for ya
"Hanging twenty Bankers at the end of a street Does not make society Better - BUT IT IS A START
I want to see a Start because a Start means you have a Finish
You say poh-tay-to, I say po-tah-to...
Frankly, I think killing is too good for them.
I would rather force them to work in the fast-food service industry, behind plexiglass (they go home to their cage at night), so anyone could walk up to them and hear "Would you like fries with that?"
"Why yes Mr. Blankfine, I would like fries with that. And get me a McFlurry while you're at it."
For the REST OF THEIR NATURAL LIVES.
JUSTICE.
Hanging is not nearly painful enough for them
Cook them the way they do Lobster in Puerto Nuevo Baja California. Drop em in boiling water for 3 minutes then deep fry them in lard for another 5 minutes. Serve with fresh melted butter, rice beans and hand made tortillas. Don't forget the Margarita's
And for a second I was worried we weren't going to get your thoughts on the matter. /sarc
But you and I both know that your comment is a joke so it made me laugh. Some of these Walter Mitty's out there who appear to be serious about wanting to hang bankers and Blair - are rather pathetic. I don't care how many greens NuYawkFrankie gets.
Lemme think: people who get on the internet, hating on everyone and everything, talking tuff about how they want to hang bankers are people I should listen to why? And these people are different from that redhead from Aurora, Colorado how?
If you have nothing better to say than hang someone then you are a
L
O
S
E
R
Forgiveness is one of humans most necessary abilities. I personally am against violence, and revenge.
Still there is a question what to do with people like Blair, who will start a war out of personal quest for glory, inspired by a false belief in their God given right to do so. Those that think that he should be hanged, have a point, as Blair himself is responsible for many deaths.
It is comparable to Aurora only in that there also is a question what to do with a crazy guy who has already killed innocent people. Because Blair has with his lies and premeditated agressive war policy caused many deaths, should he be left to enjoy the luxuries of this world and to the justice of God, or should he be locked or worse, like some much less sucessful murderers do?
Jesus practiced forgiveness all the way through, but when he encountered the bankers, he took a bullwhip and drove them out and that was before they discovered CDS, re-hypothecation, and bought the government.
That's OK junkers. I take your reds as an opportunity to opine further...
...each morning you wake up it is an opportunity to remake the world in your image. For each day that you are still here you have an opportunity to make the world a better place. There aren't MOTU or TPTB out there trying to keep you down...you have power.
Zero Hedge is a important site because it speaks truth to power. But rather than coming on here like a little-dicked-bitch and telling us how "justice needs to be served" why don't you share examples with us as to how you promoted that justice?
ok fine, I will. Right after you blow me.
it is earnestly to be hoped that whatever is done to the banksters and their corrupt politician allies (bush, obama, dodd, frank, clinton (w.j.), gramm, leach, bliley, etc. etc. etc.), is done through the rule of law.
assassination, while emotionally satisfying in the short run, destroys our society further and brings the dark age upon us.
we must change from being a nation of (fallen) men to one of (good) laws. the laws we have now are not the best but they are far, far better than the heinous miscreants we have enforcing (and not enforcing) them now.
what is the 'rule of law'?????!!?!?
did the american revolution gain independence from a corrupt corporate government directeed by the dutch east india company and other trade outfits by going to english courts and tribunals?
rule of law is established through authority. authority is established through violence. and violence is established through a conflict between the desperation of oppression conflicting with the desire for domination of subjects to control and tax. social darwinism is bedrock compared to the explanatory quick sand of 'policial theory'.
we are all scared. no one wants to admit it. but the world is was and will continue to be chaos. 'law' is a fiction. a desireable one at that. one that shall hopefully retain its presently inflated status in the world to come.
Great comment but there's that "hope" word tossed around. Hope doesn't mean shit. Obama taught us that.
Obummer is relative sfe, compaing to Bl-air...feeling he might be next to fall, I guess.
At the end, nowhere to hide.
I do not understand your comment. Perhaps there is something here but I cannot process it based on how it is written.
Today I made a McDonald's girl feel better about herself. Sure, she was fat and ugly - and is probably going to get replaced by a robot soon - but I respected her humanity and made her smile. I doubt she has many people in her life making her feel good.
We didn't get into the topic of Tony Blair and hanging bankers because that's not the world she lives in.
The coolest guy ever to come on Zero Hedge is the guy that gave silver away to people. That's a powerful, beautiful thing to do.
message appreciated.
Thanks for sharing.
I can't believe anyone still has confidence in the rule of law. Most people on the street believe it's time to pull out the guns and spend a dollar or two worth of lead. I just found a quarter on the floor