Spot What's Wrong With This Headline

Tyler Durden's picture

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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Schmuck Raker's picture

"Check out the big brain on Stan!"

Supernova Born's picture

With an ego as baseless as fiat.

PAPA ROACH's picture

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; More
uninvolved, 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.


"laissez-faire capitalism"

synonyms: free enterprise, free trade, nonintervention, free-market capitalism, market forces

"an agenda that embraces the concept of laissez-faire"

PAPA ROACH's picture

Oh, and I will believe him when they charge Corzine....

Silky Johnson's picture

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.

J S Bach's picture

He's obviously referring to blood bankers and sperm bankers.

Fish Gone Bad's picture

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.

Save_America1st's picture

I'm for keeping with the current standard of just suiciding the motherfuckers.

Anusocracy's picture

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.

rccalhoun's picture

wrong with the picture?

he's not in an orange jumpsuit

Au_Ag_CuPbCu's picture

"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.

Took Red Pill's picture

He said punished but didn't say go to jail. What's the punishment he's talking about, a slap on the wrist?

Pinto Currency's picture

 

 

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

SoilMyselfRotten's picture

Think they made a mistake...maybe they are talking about Fischer-Price the toy peeps??

espirit's picture

Fischers name remains on the 'to do' list.

Too little, too late Stan.

SoilMyselfRotten's picture

You forgot the other 'a' in his name silly

Stuck on Zero's picture

You guys don't get it.  By "crime" Fischer means not doing the bidding of the billionaires not crimes against humanity.

g speed's picture

should could be replaced with will and I'll feel a little better about the headline

Herd Redirection Committee's picture

Pay a fine!

Everyone pays a fine!

How much did you steal?  OK, pay 10% as a fine!

Captain Debtcrash's picture
Captain Debtcrash (not verified) Herd Redirection Committee Jun 1, 2015 1:20 PM

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.

SoilMyselfRotten's picture

AND get people to rotate into bonds, priority one.

Shad_ow's picture

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.

Fun Facts's picture

Stanley Fischer was the first central banker to float the idea of banning cash.

Duplicitous zio con artist bullshitting the schmucks.

TheReplacement's picture

Note he said, "personally involved" meaning the big guys can act like they knew nuffin.  Welcome the prison little guy who takes orders.

Son of Loki's picture

They're 2 bizzy kastigating Balmore and FeFiFoFum.

NotApplicable's picture

Young, brown guys gotta pay to play.

MonetaryApostate's picture

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...

Antifaschistische's picture

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!
MonetaryApostate's picture

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

richiebaby's picture

Or he's obviously referring to bank branch managers and below

Bunghole's picture

When the time arrives, he'll be on his Rothschild supplied jet back to Tel Aviv.

 

eternitarian's picture

Pierce the corporate veil? No, time to shred the corporate veil.

https://www.youtube.com/watch?v=RQRIOKvR2WM

 

knukles's picture

I think I just swallowed my tongue

Achilles Heel's picture
Achilles Heel (not verified) Dr. Engali Jun 1, 2015 6:52 PM

Tasted like chicken

emptyandmeaningless's picture

Just another distraction to help him rise above his own stank

dot_bust's picture

Yes, but the ultra-rich have devised a new definition for laissez-faire: "Less for you is fair for me."

ILLILLILLI's picture

George Carlin:"We know what they want...they want more for themselves, and less for eveyone else."

remain calm's picture

Does being a fucking reckless egotistical pampous mother fucking smarter than all of you know it all, count? I say YES!

KnuckleDragger-X's picture

What do you expect? That is a major part of his job description.....

Stoploss's picture

Was he standing in front of a mirror when he said that?

Is there a mirror shortage on the East Coast?

Arnold's picture

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.

pods's picture

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

chunga's picture

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...

HamRove's picture

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.

 

TheReplacement's picture

Don't forget the universal evil that is capitalism.  Capitalism caused global warming which caused the socialist system to break down.