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Spot What's Wrong With This Headline
Bloomberg reports the following.
Federal Reserve Vice Chairman Stanley Fischer said bankers who have engaged in wrongdoing should be punished, and he chided the industry for pushing back against financial regulations adopted to prevent another conflagration.
“Individuals should be punished for any misconduct they personally engaged in,” Fischer said in a speech to bankers Monday in Toronto.
Well then... if a Fed vice chairman says bankers should be punished for, you know, "crimes" then so be it.
Which in retrospect seems a little odd: why would anyone, let alone the second most important person on the planet, feel the need to state something that, for every other human being is self-evident?
Which reminds us, just how many of the market's caught-red-handed criminal manipulators have gone to jail?
Stanley? Anyone?
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"Check out the big brain on Stan!"
With an ego as baseless as fiat.
What we need now-
lais·sez-faire ?les? ?fer/ noun noun: laissez-faire a policy or attitude of letting things take their own course, without interfering. synonyms: noninterventionist, noninterventional, noninterfering; Moreuninvolved, indifferent; lax, loose, permissive, nonrestrictive, liberal, libertarian; informalhands-off
"he has argued for a laissez-faire policy regarding the Internet" Economics abstention by governments from interfering in the workings of the free market.
synonyms: free enterprise, free trade, nonintervention, free-market capitalism, market forces"laissez-faire capitalism"
"an agenda that embraces the concept of laissez-faire"
Oh, and I will believe him when they charge Corzine....
Or, any chairperson.
Fuck that guy right in his Israeli pussy. Motherfucker thinks giving a little lip service will save him from the gallows once the time arrives.
He's obviously referring to blood bankers and sperm bankers.
Banks control the politicians, politicians control the army and police. That pretty much means bankers do not go to jail. Sperm bankers and blood bankers can pretty much go to jail.
I'm for keeping with the current standard of just suiciding the motherfuckers.
Sure enough.
The banksters should be punished for financial crimes. And the neocons in the last couple of administrations should be tried for war crimes.
Luckily for them that's only going to happen in some parallel universe.
wrong with the picture?
he's not in an orange jumpsuit
"Which reminds us, just how many of the market's caught-red-handed criminal manipulators have gone to jail?" Well, I believe you first have to be charged...sayin.
Talk is cheap...
He said punished but didn't say go to jail. What's the punishment he's talking about, a slap on the wrist?
Some of my shareholders, for whom we've blown a massive financial bubble which is collapsing, should go to jail.
And you need a cashless society so we can dubble-down on money printing stupidity and you can loose other freedoms.
Good Guy Stanley
Think they made a mistake...maybe they are talking about Fischer-Price the toy peeps??
Anyone? Anyone? ~ https://youtu.be/uhiCFdWeQfA =)
Fischers name remains on the 'to do' list.
Too little, too late Stan.
You forgot the other 'a' in his name silly
You guys don't get it. By "crime" Fischer means not doing the bidding of the billionaires not crimes against humanity.
should could be replaced with will and I'll feel a little better about the headline
Pay a fine!
Everyone pays a fine!
How much did you steal? OK, pay 10% as a fine!
I keep hearing over and over that they will never raise rates because the economy can’t support it and the markets will crash. I would not put it past these central bankers to raise rates specifically because it will cause a crisis. That will give them the political cover do implement the policies they really want to such as banning cash and really pushing rates negative.
AND get people to rotate into bonds, priority one.
If politicians control the police and army they can just arrest the bankers and take control of the monetary system.
They work hand in hand to steal from everyone else. One is nothing without the other.
Stanley Fischer was the first central banker to float the idea of banning cash.
Duplicitous zio con artist bullshitting the schmucks.
Note he said, "personally involved" meaning the big guys can act like they knew nuffin. Welcome the prison little guy who takes orders.
They're 2 bizzy kastigating Balmore and FeFiFoFum.
Young, brown guys gotta pay to play.
Digital Banking will wipe out MANY banking jobs worldwide, but that's not even touching Digital Life, and everyone should be more concerned about the Terminators they are building, because shit is most definitly about to hit the fan soon... Obviously they need an excuse to justify crashing the banking system, well they definitely have that one for certain...
LIBOR? Oil? Gold? Silver?
The FEDERAL Reserve should be prosecuted for manipulating the interest rate market on a daily basis!!
Holy SHIT....a few big money guys manipulate LIBOR and it's the end of the world...that's NOTHING....NOTHING! compared to the complete and total destruction of the ability to earn a cent on savings by tens of million of Americans with a massive shift of wealth from savers to the gigondo money borrowers, and most importantly, the VIPs sitting on top of these organizations who benefit from borrowing billions or tens of billions for VIP wealth creation schemes like stock buybacks. No problems....not only can you not earn a damn cent saving money....we will motivate you to buy our STOCK!! and then when all the VIPs have sufficiently cashed out and left the party, you'll be stuck scrambling to figure out how in the hell to pay off our fresh $15 billion in debt!Actually I'm pretty certain it's more like X Trillions of dollars in debt....
Bend over and kill America G O O D B Y E....
If you want to see who's winning the race, it's Russia & China believe it or not...
http://www.usdebtclock.org/world-debt-clock.html
Or he's obviously referring to bank branch managers and below
When the time arrives, he'll be on his Rothschild supplied jet back to Tel Aviv.
Time to shred the corporate vail.
https://www.youtube.com/watch?v=RQRIOKvR2WM
Pierce the corporate veil? No, time to shred the corporate veil.
https://www.youtube.com/watch?v=RQRIOKvR2WM
I think I just swallowed my tongue
Did it taste good?
Tasted like chicken
Just another distraction to help him rise above his own stank
Yes, but the ultra-rich have devised a new definition for laissez-faire: "Less for you is fair for me."
George Carlin:"We know what they want...they want more for themselves, and less for eveyone else."
Does being a fucking reckless egotistical pampous mother fucking smarter than all of you know it all, count? I say YES!
What do you expect? That is a major part of his job description.....
Was he standing in front of a mirror when he said that?
Is there a mirror shortage on the East Coast?
I thought that type of person would not reflect in a mirror.
Another one of the bazillion things I didn't know I can cross off my list.
What about all the rules your brethren at the FED broke? Buying non-government backed loans, backstopping the entire planet with 26 trillion or so in loans, that sort of stuff.
What about your mandate of stable prices?
In short, Stanley please DIAF you worthless cocksucker.
pods
Dear Stanley is just sending a threat to Deutsche...never criticise the fed. http://www.zerohedge.com/news/2015-05-31/fed-has-been-horribly-wrong-deu...
My social programming doesn't allow me to place blame on Central Bankers.
The market issues of today stem ONLY from weather Phenomena, like large amounts of snow.
That it all.
Don't forget the universal evil that is capitalism. Capitalism caused global warming which caused the socialist system to break down.
In keeping with my 1st rate American education, and my relatively high score on a slew of standardized tests, and of course my abilities with common core's mathematical logic, I have henceforth deduced that 1+1 = Jello.
Thank you,
Dual Shittyzen Stan at that. What a weird world, where a man can be at different times in teh central banks of Israel and the US.
Isn't each nation's central bank supposed to be a CRITICAL GOVERNMENT AGENCY? Setting benchmarks that are CRITICAL functioning inthe way this eCONomy is set up.
The inner workings should be ABOVE TOP SECRET....
And Dual Stan waltzes around those revolving doors that should not even exist.
That he does is DEEP TELL on this supposed arms length but actually parasitical relationship Israel has with the Corporationof the US.
Ponder worthy.....
BIS> Godfather...
Tunes...
https://www.youtube.com/watch?v=lk1TSBW_368
Just a coincidence that another dually is atop the FIAT turdpile.
If you don't believe me, the Holocaust, 6 million, etc.
pods
Indeed Pods. for anyone wondering duckduckgo to David Irving and/or Earnst Zundel.
There, as it were, is the tell...
What next, you will tell me what happened at Dresden was a war crime?
Germany could have surrendered at any time.
I wonder how many confronted with gun in their face would react with a "measured" response?
America will never win another war because we have been conditioned to never be willing to do what it takes to win. WE would rather have the smoke of protection that the NSA blows up our ass every day rather than actually confront the possibility that we might have to kill or be killed. We would rather have a appeaser in chief who talks peace and condemns other nations for pursuing their interests while quietly bombing other nations and arming their rebels....but no boots on the ground. WE cannot win because we lack the courage of our convictions, are convinced that we can win through retreat and paying others to do our dirty work while destroying every small remaining bit of credibility we have as a nation.
War crimes, you bet. It used to be the losers who were the criminals...now it is the winners.
Oldwood;
You raise good points, and I'm not sure if you're right or wrong.
I tell you what I do: I mourn all those who have died in war, be they soldier or civilian, regardless of which side they fought on. The common man does not understand why he is dragged into a war, though he is fed a lot of bullshit to make him sure that his side is the righteous one. It is my opinion that few wars are justified, and many are fought for reasons that are inherently evil.
But then, I'm an anti-war hippy who prays everyone can all get along. Maybe that makes me a hopeless idealist, maybe not. I am what I am.
To hope and work for peace is not delusional. It is only delusional to think that it will work, that regardless of how perfectly we might live our lives, no matter how non aggressive and peace loving we might be, that someone somewhere will not see that as weakness, as an opportunity to do what they wish. It is a fact that most wars we have been involved in should have been, could have been, avoided, and as such we should always be working towards that end, but to actually disarm ourselves simply in its hope, to refuse to confront those who have it in for us, is not only delusional, but suicide. When we are committed to battle, for good reason or bad, we have only two real choices. Surrender and capitulate to their demands, or fight with every breath we take to win. This political bullshit of starting wars, instigating revolution, committing lives and wealth to a conflagration with no intention of winning, only seeking some illusional middle ground is hugely more destructive. For all those who rant over the Israel/Palestinian conflict, how many lives have been saved by dragging this out for decades, rather than allowing the conflict to come to a natural conclusion? We just keep this shit boiling for generations while salving our own emotions with feelings of superiority because we CARE so much, while it just goes on and on forever.
Maybe we shouldn't have bombed Dresden and maybe stretched the war out for another four years. Maybe we shouldn't have nuked Japan and maybe that could have gone on for even longer. In my reckoning, to have mercy is not to extend the pain as long as possible. We don't want war to be a way of life, a regular thing. It should be bloody and ugly and so bad no one wants to ever see it again, chocked full of war crimes. The law is for civilization and war is anything but civilized. To make war civilized is to attempt to change the nature of war into something it isn't, exactly what we have today, perpetual violence and destruction with no cause, no end, no meaning. Instead it has become an important component of our beloved GDP.
Hold for a bit, working on something else. They are all having a very difficult time thinking right now and they are starting to notice their memory gaps, by September they won't even remember their own mothers or their own names.
So hold the line, they'll be completely harmless and wearing drool bibs instead of being the disobedient mouthy little shits with adjustments on the structure of the water in them. It struck me last night after seven years ended, why bother changing their minds when they can just be wiped to bare metal like a hard drive by shaping the water in them to drop a proton in the molecule so mental atrophy speeds up. The body is 70% water after all.
Put ankle bracelets on them so they're punished by not leaving their 250 million yacht. That'll teach them.
Look who just woke up. Duh, promote him.
Stan can tie his shoes now.
That's what's missing:
http://s10.postimg.org/wxrh8vyqh/stapler.jpg
Soon to have a few nails lodged in it no doubt?
"Systemic Risks". Drink.
He said that while he was conveniently outside the country.
“Individuals should be punished for any misconduct they personally engaged in,” Fischer said in a speech to bankers Monday in Toronto
and he was immediately booed and hit by a number of tomatoes
What?? Is he out of his mind?
Now he's gonna have to commit suicide.
Fuck you stanley, they should be shot
They? What about him?
Fischer is the poster child for crooked bankers.
They should all be skinned alive and thrown into a salt quarry. From the asshats sitting on the FRB board to the lowliest economics professor spewing Keynesian drivel.
Every. Single. Fucking. One. Of. Them.
Silver bullets, garlic, crucifixes, Oak stakes and beheading are traditional.
I believe it was a cry for help.
What, destroy a salt quarry?
Refined with lots of aluminum, lemon juice crowned with extreme EMF.
McGuffin.
What an asshole. Make the statement after it's already over and nearly everything has been settled.
Not to mention the fed has responsibility over financial regulation:
"Supervising and regulating banks and other important financial institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers."
http://www.federalreserve.gov/faqs/about_12594.htm
Good job you fucking snakes.
You mean, you mean, he is, like, closing the barn door after the horses have already baeen carted off and turned into Elmer's Glue?
But, but, but, maybe we could make the barn into, like, a Tourist Attraction? That would boost GDP! And, and, the glue sales will create jobs and, and, and generate sales tax revenue!
If we still had the horses, the could eat the green shoots!
He will announce he was misquoted.
"I would like to clarify the record by saying that I was misquoted. Now, please put down the nailgun."
What about bernankes crimes? Fuck you until they all swing from ropes
The report next week is that he jumped (was thrown) out a 47th floor window...
He looks like a happy guy.
He must have had a double helping of Tyler's cream soup.
pods
Fischer Says Bankers Won't Be Punished for Financial Crimes.
Fixed it for him...
You're right. In theory, they should be, but they won't be. Party on.
Punished? How about liquidated? Sold off.
How about liquidated as in a feet first trip through a wood chipper?
we need only more sports management in jail they contribute to the destruction of the world economy not bankers
And did you hear that Clemens did steroids and lied about it to a room full of liars?
Maybe he thought it was an interview.
pods
This is a big mistake that will come back to bite them. The failure to provide a single 'perp' has not gone unnoticed. They have broken a cardinal rule...you must balance the scales. Even if true balance is not possible, you must be seen to TRY.
The whole sorry parade of perps in orange, televised trials and Congressional hearings may mostly smoke and mirrors, but it provides a necessary sense of completion, of closing the chapter. This time, we did not get that.
This will prove to have been a catastrophic error in years to come.
They did call out the National Guard in Ferguson for a kid that stole a bag of chips.
Yes indeed Stanley!
ALL OF THEM SHOULD BE!!!
As thick as thieves!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I still maintain that one of the main reasons for HFT algos is that weasels can hide behind the bad, bad behaviour of... things
"it's a program, and it's self-learning, and we can't possibly be seen as liable for what it did"
cue in that Indian in London that had the gall of tweaking the algo, and make that future defense more difficult
hey, even London, once the financial capital of the world, had not that many weasels. reason: London's merchant banks were small, and it's directors were liable for everything and with everything they owned. any young whippersnapper was constantly monitored by someone that staked his whole existence on the good functioning of the firm, shareholder and stakeholder and liable in totality
but Saint Maggie had a chat with Saint Ronnie, and London had it's "Big Bang", making it a twin of NY's Wall Street, and Size Became Everything
break up the megabanks. restore the limits and regulations that were thrown overboard. Too Big To Prosecute means Too Big To Let Be This Way
Now he states the obvious after the statute of limitiations on the banksters' crimes have expired.
Fischer is just another crook covering his ass.
Since he has a dual Israeli/U.S. citizenship, he can then sprint to Tel Aviv when the collapse finally comes.
Regarding the US justice system: Might be a good time for an interview with Martha Stewart.
Second most important person on the planet? You don't really believe these assholes call the shots do you? These fuck nuts are just the lackeys, the real power is behind the scenes.
anyone who really thinks bankers should be jailed should be jailed.
Ah, you're being a little harsh on those who are a bit lenient. They'll eventually come to understand that bankers should be hanged for financial crimes.
It was all cool until they started seeing the longer term Madoff effects. Stuff like: Buried whale trades that were used to push markets that now need constant feeding and grooming. Empty vaults where things were borrowed and IOUs marked to market instead. Shortages and surplusses caused by fake pricing. And of course, complete festering moral depravity within a culture of theft where trust and credibility are paramont. This chicken will roost.
W-A-L-L-P-A-P-E-R!
Long wallpaper. We can continue to cover all this shit up with Structural Weight-bearing Wallpaper.
And we can grind up the green shoots and mix it with Uncorn spit and make it into Wallpaper Paste!
Rest assured Stanley, the DOJ, FBI, & SEC - all have their top men and women on this, who will be jailing all the Wall Street criminals - just as soon as they find the Ark of the Covenant.
Being pushed-out a 30 story window works for me!
His pic would be vasly improved with some vertical bars in front of it.
"What are you doing? Where are you taking me?! I said bankers, not central bankers! We've been the ones warning about this! What the hell is that?! You can't do this! Do you know who I..."
Why aren't there bars in front of the man saying it and the camera person is not in jail.
So, the bankers should be punished? Printing money out of thin air, and taxing the public to do it, would NOT be considered criminal? Killing any president that goes against a central bank (see Kennedy, Lincoln) is not considered criminal? If the government can print bonds, why not print currency? It's the same garbage, just bypassing the need to pay the federal bank billions of taxpayer money for doing absolutely fucking nothing, except prop up the 'free market'
This issue of the bond/money printing is one that screams out for investigation. As you say, why does the Gov print bonds which are then bought, at a premium, by the CB....who themselves created the money to buy them out of thin air?
It's utter insanity yet never gets mentioned, let alone stopped.
Fuck off back to israel Stan.
START WITH CORZINE!
Punished? Punished?
Exterminated! You POS!
Define "wrong doing." LOL
Just guillotine them all and let the buzzards sort the "wrong doers" from the rest of the criminals.
Liberty is a demand. Tyranny is submission..
Nah, nah, nah, nah.... Bankers shouldn't be punished for (blah blah blah)
They should be EXECUTED.
You know that it's the only way to stop them "commiting crimes".
jamie diamond and lloyd Blankfein...still are employed even though these brought us the crsis? I settle for them losing their jobs and having their criminal enterprise broken up... BREAK UP THE MEGA BANKS....comopetion(actual capitalism) will do the rest!
" If you see something say something " oh wait....
Idiot!
These guys created the largest debt bubble in the history of the world and not one has gone to jail. Maybe after the bubble implodes for a while someone will find the strength to prosecute these guys. That implosion is not far away...
http://www.globaldeflationnews.com/anatomy-of-a-bubble-how-the-federal-r...
"That implosion is not far away..." sure, sure...
blah blah blah...
Apparently crime does pay.
Thats what they mean when they say, Virtue is its own reward.
I think dual citizen KIKE roaches like Fischer should be banned from US banking.
Dual citizens - of whatever pairing - should be appointed to senior CB positions only in exceptional corcumstances. They are after all supposed to be working in the interests of their host country. And stop laughing at the back!
Conspiracy is a felony.
Relax. He only read about it in the morning paper.
in other news....Fisher and Yellen are named to head the investment committee at Citidel HedgeFund!
Hear no Crime. See no Crime. Smell no Crime. Monkey see, monkey do.
If Fischer just sits and watches the crimes by criminal bankers then he is one of them. I thought the FED had the authority and means to cut off lawless member banks.
The face of what is wrong with this country.
Easy.
He spelled " banksters " wrong.
Why are Jews always in charge of banking?
Are they smarter than other people? Or just fucking devious motherfuckers.
OMG, Geert Wilders is posting here! The racist's racist!
That's true, Geert Wilders is a Zionist.
Why are you such a dick?
Maybe you can help him with his question?
Nepotism, Networking, Information Sharing, tight knit families that stress & teach arts, debate, oratory skills, business skills, Economics, History of the Real world & Europe, and Technological Advantage kept secret within family or close associates.
I've never joined a secret society or been to a barmizva, I imagine they network and discuss business in front of the kids.
Maybe it is a trick of the wealthy. Maybe it is a trick of immigrants. Maybe it is a trick of people that want to build a dynasty.
Unfortunately I wasn't brought up religious or told things about different family groups or powerful people.
As I remember growing up my parents were often busy with work all day and we had few family members around, no community like a country club or religious group. Often I would say something that would get other kids upset if I asked about their name or tried out their name when meeting them.
I guess I could have had a lot of religious kids around when I was a kid. Germans, Joos, who can tell. Why wasn't I popular. why were some kids so good at sports by the time I was 13 years of age, held back were they? Why did some kids walk around like they were politicians already when they were only 10 years old, Dynasty? Why didn't the cute girls or the ones with big breast never walk home from Elementary School and always got a ride from their parents? And how come my corporate family never helped me with homework or helped me at least get organized(Corporatism)?
Why are Jooish women so emotional & jooish men so combative?
Not only should individuals be prosecuted, but so should institutions. Prosecute the bank itself, not just the flunkies whom the CEO throws under the boss to protect himself.
The legal term of art is "continuing criminal enterprise."
Fear not, for that tasty bit of irony was not wasted here on ZH.
Don't worry! Loretta Lynch is above the fray and TBTJ is over!!! LOL
this fisher of men
goy wrangler
meat processor
is not a jewisher a mafia not a race
not a wanna be khazarian that mythos theory
he is just a lovely irishman with a bit of italian scottish scotch.
clink clink cheers to the non tel aviv man fisher over here
workin for us all.
Moed Kattan 17a. If a Jew is tempted to do evil he should go to a city where he is not known and do the evil there.
So I guess, Bernie didn't follow 17A ??
Fissure of men...
There, fixed it for you tony.
Fuckers like him who are ingrained in the programme are not entitled to an opinion.
Stanley the fuck just spews this crap to piss off those in the know and pump the lemmings.
Without lemmings, there are no bagholders and their are future clients for GS and JPM.
All heil to the lemmings. This of course includes the sheeple.
We're all going to see a lot of back peddling face saving from Democratic Party operators and elite bankers during the run up for Hilary's coronation.
With Jack Lew, Stan here is setting himself up as Yellen's replacement and there is nothing more comforting than having an Israeli banker running the Fed in the near future.
But people in Amerika just keep getting poorer and no amount of debt-slavery is going to reverse that trend until the banker class is swinging from lampposts or baking in ovens.
Germany was considered the pinnacle of culture even during the run-up to the National Socialists and nobody thought the system would go where it did. Amazingly, very smart people were encouraging all kinds of remedies from INSIDE the system (just like Stan here), yet their plans within plans never really panned out.
The people, once tolerant and good, after being humiliated and cheated for so long, will demand a hysterical and illogical reaction to all this injustice.
It's hard to imagine the Democratic Party morphing into such a monster and people like Stan being the vanguard of such a party.
Yet that is exactly where this is headed. These guys must double down to survive and sure maybe there is an escape plan to hide out in Canada when the dust settles, but more debt and token punishment is not the answer.
It really does not matter what these guys' plans are. They are baby boomers too and then reign and privilege will run out.
Don’t forget, the Baby Boomers turned on each long ago.
"The people, once tolerant and good, after being humiliated and cheated for so long, will demand a hysterical and illogical reaction to all this injustice."
Well I for one can't f*cking wait. "Illogical" or not.
Oy Vey.
Shalom.
is he one of those dual U.S.-Israeli passport holders? didn't he work for the BANK of ISRAEL a few years ago? i need to do some more investigative research regarding this because it all sounds very "FISHY" to me !!
Is he Jewish?
Does a bear shit in the woods?
Yes and yes. And somehow, nobody sees a problem with it.