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How To End TBTF? Do What Vietnam Does: Sentence Bankers To Death By Firing Squad

Tyler Durden's picture




 

For the past five years, one of the most theatrical topics of superficially deep debate by both regulators and legislators has been a simple one: how to end the abuse of power and relentless gambling with zero fear of consequences by systemically important, Too Big To Fail banks, which led to the unprecedented 2008 spectacle of Goldman's Treasury Secretary Hank Paulson demanding that Congress give him a blank check to bail out anyone and anything (mostly his former employers) he deems fit.

The theatricality is also grossly comic, because every other week central bankers around the world release philosophical papers with scnietific notation including that fancy Integral sign, musing over the apparent unsolvability of this epic dilemma (just in case it is still unclear, the central bankers work for the commercial bankers) all the while the global megabanks get megabigger until, at one inevitable point in the future, JPMorgan Merrill Fargogroup of America Sachs will be the only bank left standing. And be in complete control of not only the country, but courtesy of its $1+ quadrillion "galatically important" balance sheet, the entire world.

What is funniest, of course, is that there is a gloriously simple solution to all the world's TBTF problems, one that could be enacted in a HFT millisecond by pulling the trigger, so to speak.

The solution comes from none other than that historic US nemesis, Vietnam, where unscrupulous financiers don't just go to jail. Sometimes, they get death row.


Global Post reports:

Amid a sweeping cleanup of its financial sector, Vietnam has sentenced three bankers to death in the past six months.

 

One duo now on death row embezzled roughly $25 million from the state-owned Vietnam Agribank. Their co-conspirators caught decade-plus prison sentences.

 

In March, a 57-year-old former regional boss from Vietnam Development Bank, another government-run bank, was sentenced to death over a $93-million swindling job.

 

According to Vietnam’s Tuoi Tre news outlet, several of his colluders were sentenced to life imprisonment after they confessed to securing bogus loans with a diamond ring and a BMW coupe. And last week, in an unrelated case, charges against senior employees from the same bank allege $47 million in losses from dubious loans.

Wait, so if you get the proverbial nail gun in the back of the head for a measly $25 million, what should banks that "received" trillions in involuntary taxpayer gifts get? Obamacare?

But these death sentences nevertheless are high profile scandals in Vietnam.

That’s the point. Human rights watchdogs contend that splashy trials in Vietnam are acts of political theater with predetermined conclusions. The audience: a Vietnamese public weary of state corruption. But these sentences also sound loud alarm bells to dodgy bankers who are currently running scams.

 

“It’s a message to those in this game to be less greedy and that business as usual is getting out of hand,” said Adam McCarty, chief economist with the Hanoi-based consulting firm Mekong Economics.

 

“The message to people in the system is this: Your chances of getting caught are increasing,” McCarty said. “Don’t just rely on big people above you. Because some of these [perpetrators] would’ve had big people above them. And it didn’t help them.”

 

Like most nations that crush dissent and operate with little transparency, Vietnam is highly corrupt.

Also, just like the US, only here the theft occurs at such a far more grand scale, that few can even conceptualize it, let along come up with an appropriate sentence.

According to a World Bank study, half of all businesses operating within the communist state expect that gift giving toward officials is required “to get things done.” Transparency International, which publishes the world’s leading corruption gauge, contends Vietnam is more corrupt than Mexico but not quite as bad as Russia.

 

Unlike in America, where judges can’t sentence white-collar criminals to death, Vietnam can execute its citizens for a range of corporate crimes.

 

Amnesty International reports that death sentences in Vietnam have been handed down to criminals for running shady investment schemes, counterfeiting cash and even defaulting on loans. This is unusual: United Nations officials have condemned death for “economic crimes” yet Vietnam persists with these sentences — as does neighboring China.

 

Though statistics on Vietnam’s opaque justice system are scarce, a state official conceded that more than 675 people sit on death row for a range of crimes, according to the Associated Press.

 

It’s still unclear how the bankers will be killed. Vietnam’s traditional means of execution involves binding perpetrators to a wooden post, stuffing their mouths with lemons and calling in a firing squad. The nation wants to transition to lethal injections. But European nations refuse to export chemicals used in executions (namely sodium thiopental) to governments practicing capital punishment.

 

Fraudulent bankers are receiving heavy sentences at a moment when Vietnam is enacting major financial reforms.

And guess what: it will work. Because there is nothing as deterrant to criminal, sociopath behavior than knowing that no matter how many trillions of derivatives on your balance sheet, the final outcome is a blindfold and a cigar.

Then again, in "democratic, uncorrupt" America, this solution will never take place, for the simple reason that the same bankers who would be executed, not only print the money that everyone else uses, certainly the politicians, but also own and run everything. So why on earth would they suggest the only thing that could possibly end the party?

 

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Fri, 04/04/2014 - 16:37 | 4626350 medium giraffe
medium giraffe's picture

Even the Vietnamese are front running us now.  When will it end?

Fri, 04/04/2014 - 16:38 | 4626355 Say What Again
Say What Again's picture

I think we should print out this article, and send it to everyone on wall st. and in washington

Fri, 04/04/2014 - 16:39 | 4626365 Thought Processor
Thought Processor's picture

 

 

Coming...........    to a town square near you.

Fri, 04/04/2014 - 16:48 | 4626384 NotApplicable
NotApplicable's picture

Wait... they got caught embezzling $25M from their bank????

Do they really not understand rehypothetication, derivatives and all other wonders of modern finance?

Skimming is pretty fucking low-brow in this day and age.

Fri, 04/04/2014 - 17:02 | 4626422 negative rates
negative rates's picture

Well the psychiastrist believes he is now the miracle man, so anything can happen now.

Fri, 04/04/2014 - 17:10 | 4626440 Stackers
Stackers's picture

I've got an even better solution. simply make it where bank executives are personally liable for bank losses with their own assets clearly listed in bank collapse payout schedules. Only thing worse than death to an oligarch banker is making one poor

Fri, 04/04/2014 - 17:21 | 4626472 Divided States ...
Divided States of America's picture

Yeah..but if that (as in sentencing bankers and manipulators and insider traders to their deaths via gunshot to the head) happened in the US, wouldnt that result in the beginning of another Holocaust??

Fri, 04/04/2014 - 17:21 | 4626487 Anusocracy
Anusocracy's picture

All it takes for evil to succeed is for people to want government.

Fri, 04/04/2014 - 19:09 | 4626773 General Decline
General Decline's picture

...and ignore the tribe

Fri, 04/04/2014 - 20:26 | 4626943 FEDbuster
FEDbuster's picture

Free Jon Corzine.

Fri, 04/04/2014 - 22:01 | 4627180 0z
0z's picture

What is Tyler trying to say?
That we ought to let the State kill more people?
I can't believe you said 'it will work'.
Are you that Naive Tyler?

Fri, 04/04/2014 - 22:34 | 4627265 TheReplacement
TheReplacement's picture

Where did he say that?

Sat, 04/05/2014 - 05:43 | 4627667 The Alarmist
The Alarmist's picture

Two thoughts:  

 

1) Pikers!

2) Does that mean each citizen doesn't get a turn with the gun?

Sat, 04/05/2014 - 06:55 | 4627711 GetZeeGold
GetZeeGold's picture

 

 

What caliber do the Vietnamese use in their nail guns?

Sat, 04/05/2014 - 15:15 | 4628419 franciscopendergrass
franciscopendergrass's picture

I would guess 7.62x39mm.  That's a big nail!

Sat, 04/05/2014 - 22:30 | 4629222 TheRedScourge
TheRedScourge's picture

Heeyyyyyyy CitiBanksters!

Off 'em Vietnam Style!

Sat, 04/05/2014 - 10:22 | 4627878 crazzziecanuck
crazzziecanuck's picture

I firmly believe Jon Corzine should be forced to slip himself into his own body bag, then all the MF global "investors" get to fill a sock filled with $30 worth of nickels.  They form a line and each of them gets to take a swing at the body bag.

Sat, 04/05/2014 - 15:16 | 4628423 franciscopendergrass
franciscopendergrass's picture

You can't.  Banksters are too big to nail (gun).

Fri, 04/04/2014 - 18:25 | 4626646 Muddy1
Muddy1's picture

"Transparency International, which publishes the world’s leading corruption gauge, contends Vietnam is more corrupt than Mexico but not quite as bad as Russia."

 

Where does America rank?

 

 

Amnesty International reports that death sentences in Vietnam have been handed down to criminals for running shady investment schemes, counterfeiting cash and even defaulting on loans. This is unusual: United Nations officials have condemned death for “economic crimes” yet Vietnam persists with these sentences — as does neighboring China.

 

Putin and now officials in Viet Nam are out manuvering the US!!!  As for the UN, the ONLY reason they are not ranked for their corruption is that they are not a sovereign nation.

Fri, 04/04/2014 - 17:04 | 4626429 0b1knob
0b1knob's picture

Waste of amunition to shot them.

Ropes (for hanging) and  guillotines are reusable and more environmentally friendly.

Guillotines are already in place in many US military bases and FEMA camps.

http://beforeitsnews.com/prepper/2014/01/why-are-modern-guillotines-on-us-military-bases-in-america-486.html

 


Fri, 04/04/2014 - 17:20 | 4626485 Wjunk
Wjunk's picture

The scary thing about that link is there are otherwise intelligent, rational people who really think that all exists and is organized (of course) by the evil Jooooooos.  Smh.

Fri, 04/04/2014 - 19:12 | 4626782 General Decline
General Decline's picture

an excellent way to harvest organs is by killing via beheading.  And the Joooooos are known for their illegal organ trade so, yes, I could see that.

Fri, 04/04/2014 - 23:38 | 4627367 teslaberry
teslaberry's picture

yea maybe we can also get some carbon credits from the eu . 

Fri, 04/04/2014 - 17:09 | 4626451 Groundhog Day
Groundhog Day's picture

duck season rabbit season duck season rabbit season bankster r season

Fri, 04/04/2014 - 17:16 | 4626471 Wjunk
Wjunk's picture

Outright stealing of $25million at 10:1 loan ratio?  Well, that's $250 million less to goose the economy.  That's a crime.

Fri, 04/04/2014 - 18:51 | 4626721 WTFUD
WTFUD's picture

Yes N.A they do!
$25 million equates to $2.5 billion in USSofA terms.
GDP of USSA = *$16 trillion
GDP Vietnam = *$155 billion

Fri, 04/04/2014 - 18:55 | 4626738 Wahooo
Wahooo's picture

The stole from a State-owned bank, so basically they are being executed for crimes against the State. Far different from banksters getting popped for causing the 2008 crash. I'm still waiting for that to happen.

Fri, 04/04/2014 - 21:24 | 4627102 cynicalskeptic
cynicalskeptic's picture

Hey, Iceland jailed bankers for the same crap.  The US REWARDED them with trillions in no cost money.

Fri, 04/04/2014 - 17:29 | 4626505 EscapingProgress
EscapingProgress's picture

How about death by exile.

Fri, 04/04/2014 - 16:55 | 4626407 The Most Intere...
The Most Interesting Frog in the World's picture

With a pound of C4 I assume...

Fri, 04/04/2014 - 17:09 | 4626448 jaxville
jaxville's picture

OOOOH  I like this. Today we are all commies.

Fri, 04/04/2014 - 17:53 | 4626567 LooseLee
LooseLee's picture

I am going to send this article to BOTH Ohio Senators and Reps. I suggest anyone seriously concerned about the future of our country and our children do likewise. P.S. I want a firing squard for these POS financial analysts and media reporters, as well. Who needs their conformity to the status quo?...P.S. I regularly 'screw' with US Reps from OHIO and have been doing so since 2008. They don't even reply any more---pussies...

Fri, 04/04/2014 - 16:43 | 4626370 SheepDog-One
SheepDog-One's picture

I said this on an earlier article today, it seems the only solution to all the fuckery going on is to apprehend and life sentence (minimum) anyone caught even suggesting 'QE' debasing money or cheating and manipulating markets. What else will they listen to? Laws and bills? They scoff at them!

Fri, 04/04/2014 - 16:48 | 4626388 billhilly
billhilly's picture

There is a commitee being formed to study and implement structural changes regarding banking theft and pillaging....I believe it is being chaired by the Honorable Jon Corzine

Fri, 04/04/2014 - 16:55 | 4626403 RafterManFMJ
RafterManFMJ's picture

The danger of a so-called life sentence is it can be commuted.

Fri, 04/04/2014 - 16:41 | 4626372 ebworthen
ebworthen's picture

Some nations still have their feet on the ground.

U.S. in the clouds.

Fri, 04/04/2014 - 16:41 | 4626373 seek
seek's picture

Steal from the government and you get treated very differently than stealing from the people.

Fri, 04/04/2014 - 16:42 | 4626374 B2u
B2u's picture

Maybe we should go to war with Vietnam....

Fri, 04/04/2014 - 16:56 | 4626395 Rainman
Rainman's picture

....damn you funny, now I got beer snots everywhere

Fri, 04/04/2014 - 16:44 | 4626377 GOSPLAN HERO
GOSPLAN HERO's picture

Hang banksters...

a firing squad is generally seen as being merciful.

 

Fri, 04/04/2014 - 18:09 | 4626612 ghengis86
ghengis86's picture

hanging is supposed to snap the neck, leading to a pretty instantaneous death.  The problem is, you've got to get the drop and slack right to do it (assuming a correct knot).  If it's not a long enough drop, with not enough slack there's not enough force to break the neck and the victim is asphyxiated and is basically choked out.  Death can take from 2 minutes to 30 minutes or more.  If you get too large of a drop with a lot of slack, the victim can be decapitated, leading to a messy clean up.  There's actually some math involved to get it right.

 

also, with a firing squad - at least by US execution standards (which is only Utah and maybe one other state that stills executes by firing squad) - aren't they targeting the heart and not the head?  I seem to remember its the victim, bound to a chair, with a black hood is seated 20-30 feet from a line of 5 shooters, each with a .30-o6 rifle with one having a blank (without the shooters knowing which one).

 

regardless, any death is merciful for these fucks...

Fri, 04/04/2014 - 18:26 | 4626656 Quantum Nucleonics
Quantum Nucleonics's picture

Yes, firing squad aims for the heart.  More states are starting to talk about going back because the lethal drugs are not available anymore.

Fri, 04/04/2014 - 21:25 | 4627104 cynicalskeptic
cynicalskeptic's picture

Polonium pellet.... long slow and lingering.  

Sat, 04/05/2014 - 00:51 | 4627468 Joenobody12
Joenobody12's picture

The most fitting death for the bankers and assorted assholes is to make them swim in a swimming pool filled with untreated sewage until they are drown. 

Fri, 04/04/2014 - 16:45 | 4626378 q99x2
q99x2's picture

That's what the Government did in the 1930s and it worked like a charm. In this case they should start with Loyd Blankfein for insulting the fabric of the Universe, then Jamie Dimon followed by Greenspan, Bernanke and Yellen.

Anyhow that ought to bring back a godzillion in prosperity.

Fri, 04/04/2014 - 16:51 | 4626387 Emergency Ward
Emergency Ward's picture

Da, mein ObamaFuhrer !!  First zee bankers, Senior ReichMaster Holder......Vee know you vill do a gut job.....zen zee dissenters, zen zee vistle-blowers......SS.....

Fri, 04/04/2014 - 16:53 | 4626398 Colonel Klink
Colonel Klink's picture

Gooooooood Moooooooooooorning Vietnam!  Bring that shit here too!

Fri, 04/04/2014 - 16:55 | 4626402 Al Huxley
Al Huxley's picture

Those guys clearly did not pay enough for their government.  That's why they always say 'you get what you pay for'.

Fri, 04/04/2014 - 16:56 | 4626408 FuzzyDunlop21
FuzzyDunlop21's picture

"Vietnam’s traditional means of execution involves binding perpetrators to a wooden post, stuffing their mouths with lemons and calling in a firing squad"

That'll work. Shit, I'll even bring the lemons myself

Fri, 04/04/2014 - 18:17 | 4626632 kurt
kurt's picture

Why waste the lemons? Some vodka, mint, crushed ice, pure water. We could then enjoy the executions with a refreshing drink!

It was a long standing tradition to attend hangings in this country. Gets the kids out and you can be thankful for what you have.

Fri, 04/04/2014 - 16:57 | 4626411 Byte Me
Byte Me's picture

Just the title... About time someone came up with the right (and only) solution.

Fri, 04/04/2014 - 17:00 | 4626417 _SILENCER
_SILENCER's picture

Hmmm. Well, since yonder bankers own the government around these here parts, I don't think Boss Hogg is going to lift a finger.

 

I love the idea, though.

Fri, 04/04/2014 - 17:00 | 4626418 Whalley World
Whalley World's picture

I propose exchanging lemons for live rats, hungry mean and mangy big rats.

Hear that Blythe?

Fri, 04/04/2014 - 17:02 | 4626421 Future Jim
Future Jim's picture

OR... While not as much fun as a firing squad, we could finally adopt a separation of commerce and state.

 
Separation of Commerce and State Amendment

The powers over commerce and money granted by the Constitution are very limited. The Congress can:

  • Borrow money.
  • Coin gold and silver money.
  • Tax imports and exports.
  • Tax the income of businesses. (The 16th amendment.)
  • Regulate interstate commerce, which obviously means the Congress can make laws to settle disputes and inconsistencies between the states.

Of course, the government now exercises absolute power over commerce. For example, the Supreme Court recently ruled that the power to tax justifies forcing everyone to buy health insurance or else pay a fine. Even though this new precedent gives the Congress a way to force us to buy products and services, it was still not satisfactory to the four so-called “liberal” justices because they wanted the decision to include a direct assertion that the commerce clause empowers the Congress to force us to buy products and services. How is it that so-called “liberals” want to force the little guy to buy products and services?

The so called “liberal” Clinton administration argued before the Supreme Court that the power to regulate interstate commerce justified banning the presence of guns in homes within 1000 feet of a school because guns impact education, and education impacts the economy, and the economy impacts interstate commerce, and the Congress has the power to regulate interstate commerce! Amazingly, five of the Supreme Court justices disagreed with the Clinton administration. Of course, once one of those five justices has been replaced by Obama, his plan to ban guns everywhere within, not 1000, but 5000! feet of a school will pass the Supreme Court.

Given the new precedent that Congress can make us buy products and services, the many existing bans on products and services, the millions of pages of regulations, the fact that our money is printed out of thin air without competition, and the federal debt; I think it is fair to say that government now exercises absolute power over commerce and is not wielding that power in good faith.

Such extreme power and corruption requires an extreme remedy. Therefore, I propose a new Freedom Amendment – The Separation of Commerce and State:

Separation of Commerce and State

The Congress may not borrow money.

 

The Congress shall make no law with respect to commerce or money.

 

The right of everyone to keep the fruits of their labor shall not be infringed. The right of everyone to trade the fruits of their labor for the fruits of another's labor shall not be infringed. The Congress shall not compel the states or the people to trade the fruits of their labor.

Fri, 04/04/2014 - 18:10 | 4626615 LooseLee
LooseLee's picture

Human labor should NEVER be taxed---or only quite modestly to secure our security and rule of law. That is, unless, we have CEO's et al. making 300X the average laborer. Corporations, who are NOT people, need to be taxed based on their gross income----as well as 'investors' who derive income from 'non labor'....These are the ones who should 'support' a system geared to benefit THEM...

Fri, 04/04/2014 - 17:06 | 4626425 GooseShtepping Moron
GooseShtepping Moron's picture

This only shows how far the West has fallen, since in days gone by we used to handle our business in the same uncompromising spirit. Sir Isaac Newton, who had completed the scientific work for which he is most remembered and suffered a nervous breakdown by the age of 45, was thereafter made Warden of the Royal Mint and had no scruples about hanging counterfeiters.

Unfortunately in modern times his well-known theory of motion has been perverted to read "Farce equals masses times accreditation."

For every action, however, there is an equal and opposite reaction.

Fri, 04/04/2014 - 17:05 | 4626432 tgatliff
tgatliff's picture

IMO, the true reason for the issues of today is due to allowing finance companies to be corporations where someone can simply leave and have no liability for past decisions.  The best way to resolve what is occuring today in finance is to ban corporations for financial sector companies and bring back traditional partnerships.  This way all partners are always personally liable for the other's actions.   In the old days of finance this was why finance companies were rarely large and were extremely conservative.   No Partner would risk loosing everything they owned because of another partner's dumb actions.

Fri, 04/04/2014 - 17:11 | 4626455 Future Jim
Future Jim's picture

+1 Great idea, but back then there were not so many frivolous lawsuits, thus making any partnership not worth the risk today I fear.

Fri, 04/04/2014 - 20:57 | 4627016 DirkDiggler11
DirkDiggler11's picture

That solution is easy Future Jim. We should start hanging Bamkers AND Lawyers.

Are there two more despicable form of humanity on this planet ?

Fri, 04/04/2014 - 17:05 | 4626433 ZeroFreedom
ZeroFreedom's picture

Do they have the nailgun to complete the job.

Fri, 04/04/2014 - 17:07 | 4626445 kurt
kurt's picture

Bottom Line.

When a Bank of Vietnam open in my town, count me in.

Fri, 04/04/2014 - 21:02 | 4627033 Blood Spattered...
Blood Spattered Banner's picture

Vietnam Bank make you big dollah!

Fri, 04/04/2014 - 17:09 | 4626449 Toosday
Toosday's picture

The best punishment for anyone who works for the TBTF banks, the Treasury or the Fed is to pay their salary and pensions in unredeemable T Bills.

Fri, 04/04/2014 - 17:12 | 4626459 No Euros please...
No Euros please we're British's picture

Over here, I see right now on the BBC news, that Princess Anne is in favour of gassing bankers. I think that's what she said.

Fri, 04/04/2014 - 18:47 | 4626709 HerrDoktor
HerrDoktor's picture

Princess Anne said she was in favour of thrashing wankers.

Fri, 04/04/2014 - 17:16 | 4626462 Spanky
Spanky's picture

Human rights watchdogs contend that splashy trials in Vietnam are acts of political theater with predetermined conclusions.

United Nations officials have condemned death for “economic crimes”...

Well, where do "donations" to these "human rights watchdogs" come from? And whom does the UN serve?

Interestingly, crime deceases when punishment is swift and certain. Looking at you, Wall Street.

Fri, 04/04/2014 - 17:13 | 4626466 over45
over45's picture

you don't have to kill them - just chop off thier hand.  has worked  for others for thousands of years...

Fri, 04/04/2014 - 17:51 | 4626563 booboo
booboo's picture

Don't work, the tribal ones can type with their beak.

Fri, 04/04/2014 - 17:17 | 4626475 Uber Vandal
Uber Vandal's picture

Vietnam did not need to be a nemesis at all if Truman listened to Ho Chi Minh in 1945 - 1946

http://parallelnarratives.com/2013/03/09/letter-from-ho-chi-minh-to-pres...

http://rationalrevolution.net/war/collection_of_letters_by_ho_chi_.htm

 

Much like a lot of the Middle East troubles could have been avoided had the advice of T. E. Lawrence been followed.

 

 

 

Fri, 04/04/2014 - 17:21 | 4626488 Roanman
Roanman's picture

Like most nations that crush dissent and operate with little transparency, Vietnam is highly corrupt.

I think that pretty much explains our current situation quite nicely.

Fri, 04/04/2014 - 17:21 | 4626489 rodocostarica
rodocostarica's picture

The evidence is all digital. Kill the bastards and bring the justice to the USA the same way.

 

Fri, 04/04/2014 - 17:28 | 4626507 besnook
besnook's picture

obviously unsophisticated, uncivilized people. it may take awhile for them to catch on but in this age of internet tubes they will probably learn more quickly than during the 20th century.

their bankers have to learn how to make the illegal legal so they can legally do the illegal with a clean conscience and call it god's work. no wonder they call them third world countries. i expect to see tarzan or some jungle bunny make an appearance.

Fri, 04/04/2014 - 17:30 | 4626514 economicminor
economicminor's picture

I say we do what Vietnan does and to those who deal in meth and heroin too! But that is a joke as there is to much money to be made in illegal enterprise and that money pays for our *representative* government in so many ways.

 

Fri, 04/04/2014 - 17:36 | 4626527 monad
monad's picture

If you want the job done right you just have to do it yourself. 

Fri, 04/04/2014 - 17:50 | 4626562 Pumpkin
Pumpkin's picture

And sell pay for view to solve the national debt!

Fri, 04/04/2014 - 17:58 | 4626580 SillySalesmanQu...
SillySalesmanQuestion's picture

Just throw them to the angry mobs of people ala The Running Man... Let them get that deer in the headlights look in their eyes before they meet their end in a most gruesome manner.

Fri, 04/04/2014 - 17:58 | 4626583 miker
miker's picture

NO this is exactly what the US needs.  White collar crime penalty is a joke.  Yet even more than murder, it undermines the very values we're supposed to uphold.  There should be tiers of white collar crime penalities culminating in a death sentence.  Something like $ 5M=10 years; $10 M = life and > $ 20 M = death penalty.

It would work but we simply don't view white collar crime like we should....a major breach in our system that has to built on trust.

Fri, 04/04/2014 - 18:10 | 4626614 kurt
kurt's picture

How do you determine how much money is equivalent of a life? On this very website we learn the 90% of jobs pay under 35,000/year. A LIFE's work is, therefore, 29 years gets you a million dollars.

Hence, If you steal a million dollars, you've stolen a life; and it should cost you a life. Lesser amounts, after you add the societal cost of imprisonment, may still be worthy of execution. So, lets just say $400,000 = Death

We have a lot of work to do people. A Constitutional Convention is coming soon.

Sat, 04/05/2014 - 12:11 | 4628039 Things that go bump
Things that go bump's picture

The constitution is routinely ignored where it is found inconvenient now. How will a Constitutional Convention improve that?

Sat, 04/05/2014 - 13:27 | 4628187 kurt
kurt's picture

Because evil hides in shadows.

Fri, 04/04/2014 - 18:03 | 4626600 Conax
Conax's picture

I didn't read the article, the headline is all I need to see.

Gotta find some .22 boolits and a bucket, mop and roll of visqueen.  It'll be quite a mess.  My cousin Everett says he'll bring his backhoe for a case of beer.  Now, who can bring a barbecued steer, 10 cases of Jack Daniels and 200 gallons of red paint?

We'll need a banner that says, "Welcome to the Party Boys!"

Fri, 04/04/2014 - 18:25 | 4626651 resurger
resurger's picture

Yup! It's a good read... Born in Israel to rob in murica.

Fri, 04/04/2014 - 18:31 | 4626672 Bunga Bunga
Bunga Bunga's picture

Living on the fast lane comes with a price tag.

Fri, 04/04/2014 - 18:43 | 4626697 HerrDoktor
HerrDoktor's picture

How much to buy a kidney?

Fri, 04/04/2014 - 18:47 | 4626705 Bogdog
Bogdog's picture

We don't need firing squads.

We just need the FBI to.......

We just need the SEC to.....

We just need the Secret Service to.......

We just need ballsy DA's to.....

We just need congress to.........

......oh forget it.

WE NEED FIRING SQUADS! 

Fri, 04/04/2014 - 20:11 | 4626904 Kina
Kina's picture

Bankster executions... a new reality tv show. Sure to have global popularity. Followed corrupt regulator executions.

Fri, 04/04/2014 - 21:13 | 4627073 laomei
laomei's picture

Reminder: Writing a bad check in the US can get you hit with a fine equal to triple the amount and 15 years in jail.

Running a bad bank however...

Fri, 04/04/2014 - 21:28 | 4627106 El Hosel
El Hosel's picture

Hear hear!    Bang Bang Banker

Fri, 04/04/2014 - 21:47 | 4627153 americanspirit
americanspirit's picture

Two simple steps to end corruption of the political system by the wealthy in America.

1. Make it a misdemeanor with an automatic $500 penalty enforced by the IRS for anyone with a drivers license who fails to vote in any state or federal election (local yokels can do what they want).

2. End paid political advertising completely and make it a mandatory condition of having a broadcast license to provide every qualified candidate in every election at every level with X amount of free media time.

And I do LOVE the idea of making financial crimes capital offenses. Off with their fucking well-manicured heads. In public. And then put those heads on stakes above the freeways.

 

Fri, 04/04/2014 - 23:11 | 4627335 icanhasbailout
icanhasbailout's picture

this whole banker getting punished for real thing is just too weird, like a parallel universe

Sat, 04/05/2014 - 10:34 | 4627893 Bankstein Swiss...
Bankstein Swissgoldberg's picture

Bernie Madoff?

Sat, 04/05/2014 - 22:07 | 4629182 icanhasbailout
icanhasbailout's picture

compared to what he did, he got off easy. shoulda been flayed alive and left to be eaten by rats

Sat, 04/05/2014 - 01:05 | 4627493 Joe A
Joe A's picture

I find nothing more scary than the state putting people to death. Horror stories about what people sometimes do to each other invokes feelings of 'let's put them to death' but before you know it the state puts you to death for little things (not to mention the fact that there have been examples of the wrong people being put to death for crimes they did not commit). Nevertheless, some people need to kept out of society so life long sentences then. The cost for that is the price society needs to pay in order to remain safe.

I make an exeption to the above when it comes to people who ruined the lives of thousands and stole the incomes and pensions of millions. Off with their heads!

Sat, 04/05/2014 - 02:16 | 4627553 Mediocritas
Mediocritas's picture

He who prints the money prints the laws.

Sat, 04/05/2014 - 03:31 | 4627617 trader1
trader1's picture

he who manages the electronic payment system controls the show.

perhaps a management change may be all that's needed without anyone getting hurt...

Sat, 04/05/2014 - 05:46 | 4627668 One of We
One of We's picture

Paint 'em white and drop them off in Detroit.

Sat, 04/05/2014 - 07:03 | 4627713 22winmag
22winmag's picture

It is a hard heart that kills.

Sat, 04/05/2014 - 08:15 | 4627758 falak pema
falak pema's picture

That iconic movie King Kong was very prescient.

In the 30s the enemy was projected as the Darwinian ancestor beast from dark continent.

Today the enemy is the beast that is iconised by the Empire State; the building that highlights WS and its corrupt empire; on whose pinnacle King got machine gunned by Charlie.

It ain't that King of Kong, the poor gorilla ancestor, its the sick breed of homo sapiens gone more apeshit gorilla in "greed is good" mania than Hollywood's icon, King Kong himself! 

Sat, 04/05/2014 - 10:08 | 4627864 roadhazard
roadhazard's picture

The bankers own the firing squad in the US.

Sat, 04/05/2014 - 10:33 | 4627892 Bankstein Swiss...
Bankstein Swissgoldberg's picture

Dont forget that Madoff took 150 years of jail!

 

For me the heavyness of the punishment is less a discentive than a higher likelyhood to get caught and punished, i.e. better control, but that has a cost!

Sat, 04/05/2014 - 10:44 | 4627909 yellowsub
yellowsub's picture

Extend it to gov't officials or any public position of power...

Sat, 04/05/2014 - 22:30 | 4629219 TheRedScourge
TheRedScourge's picture

Heeyyyyyyy CitiBanksters!

 

Off 'em Vietnam Style!

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