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Bankers Will Be Jailed In The Next Financial Crisis

Tyler Durden's picture




 

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Screen Shot 2015-09-14 at 1.40.18 PM

Jesus College, Cambridge hosted, once more, the world’s leading Symposium on Economic Crime, and over 500 distinguished speakers and panelists drawn from the widest possible international fora, gathered to make presentations to the many hundreds of delegates and attendees.

 

What became very quickly clear this year was the general sense of deep disgust and repugnance that was demonstrated towards the global banking industry.

 

I can say with some degree of certainty now that a very large number of academics, law enforcement agencies, and financial compliance consultants are now joined, as one, in their total condemnation of significant elements of the global banking sector for their organised criminal activities.

 

Many banks are widely identified now as nothing more than enterprise criminal organisations, who engage in widespread criminal practice and dishonest conduct as a matter of course and deliberate commercial policy.

 

– From the excellent article: The Banking Criminals Exposed

My prediction is that bankers will be jailed in the next economic/financial crisis. Lots and lots of bankers.

It may seem to many that those working within this profession will remain above the law indefinitely in light of the lack of any accountability whatsoever since the collapse of 2008. It may seem that way, but extrapolating this trend into the future is to ignore a monumentally changed political environment around the world. From the ascendancy of Donald Trump and Bernie Sanders here in the U.S., to Jeremy Corbyn becoming Labour leader in the UK, big changes are certainly afoot.

I have become convinced of this change for a little while now, but we won’t really see evidence of it until the next collapse. However, something I read earlier today really brought the point home for me. Rowan Bosworth-Davies recently attended the 33rd Cambridge International Symposium on Economic Crime and provided us with some notes in an excellent piece titled, The Banking Criminals Exposed. Here are a few excerpts:

Jesus College, Cambridge hosted, once more, the world’s leading Symposium on Economic Crime, and over 500 distinguished speakers and panelists drawn from the widest possible international fora, gathered to make presentations to the many hundreds of delegates and attendees.

 

This Symposium has indeed become an icon among other international gatherings of its knd and over the years, it has proved to be highly influential in the driving and development of international policy aimed at combating international financial and economic crime.

 

What became very quickly clear this year was the general sense of deep disgust and repugnance that was demonstrated towards the global banking industry.

 

I can say with some degree of certainty now that a very large number of academics, law enforcement agencies, and financial compliance consultants are now joined, as one, in their total condemnation of significant elements of the global banking sector for their organised criminal activities.

 

Many banks are widely identified now as nothing more than enterprise criminal organisations, who engage in widespread criminal practice and dishonest conduct as a matter of course and deliberate commercial policy.

 

Speaker after speaker addressed the implications of the scandalous level of PPI fraud, whose repayment and compensation schedules now run into billions of pounds.

 

Some speakers struggled with the definition of such activity as ‘Mis-selling’ and needed to be advised that what they were describing was an institutionalized level of organised financial crimes involving fraud, false accounting, forgery and other offenses involving acts of misrepresentation and deceit.

 

One of the side issues which came out of this and other debates, was the general and genuine sense of bewilderment that management in these institutions concerned, (and very few banks and financial houses have escaped censure for this dishonest practice) have walked away from this orgy of criminal antics, completely unscathed. The protestations from management that these dishonest acts were carried out by a few rogue elements, holds no water and cannot be justified.

 

In the end, I sat there, open-mouthed while evidence against the same old usual scum-bag financial institutions, was unrolled, and a lengthy list of agencies, all apparently dedicated to dealing with fraud and financial crime, lamely sought to explain why they were powerless to help these victims.

 

This was followed by a lengthy list of names of major law firms, and Big 5 accounting firms who were willing to join with these pariah banks to bring complex and expensive legal actions against these victims, bankrupting them, forcing them from their homes, repossessing properties they had worked for years to create, while all the time, the regulators and the other agencies, including to my shame and regret, certain spineless police forces, stood by and sought to justify their inaction.

 

At one stage, we were shown how banks ritually and deliberately take transcripts of telephone calls made between complainants and the bank, and deliberately and systematically go through these conversations, re-editing them and reproducing them in a format which is much more favourable to the bank.

 

For the first time, I found routine agreement among delegates that the banking industry had become synonymous with organised crime. Many otherwise more conservative attendees expressed their grave concern and their repugnance at the way in which so many of our most famous banking names were now behaving. It is becoming very much harder to believe that the banks will be able to rely on the routine support they have traditionally enjoyed from most ordinary members of the public.

 

The election of Jeremy Corbyn to the leadership of the labour Party means that banking crime and financial fraud will now become an electoral issue.

 

But now, the new Labour leadership will focus the attention of the electorate on the relationship between the Tory party and their very crooked friends in the City, and the degree of protection that the Square Mile gangsters and their Consiglieri, their Capos, and their Godfathers will become much more identifiable. Bank crime will now become much more identifiable as a City practice and their friends in the Tories will be seen as being primary beneficiaries.

Things are moving in the direction of justice. At a glacial place for sure, but moving they are.

 

 

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Tue, 09/15/2015 - 18:34 | 6552969 XqWretch
XqWretch's picture

Onion article? You dont REALLY think that do you Mike?

Wed, 09/16/2015 - 01:12 | 6554096 PlayMoney
PlayMoney's picture

Obamas DOJ had plenty of chances to prosecute. Instead they signed "non prosecute" agreements with them and collected 10's of billions of fines from them all. They don't want to prosecute the big boys as its big money for them too.

Thu, 09/17/2015 - 00:37 | 6559185 mkkby
mkkby's picture

And then Mike put down his crack pipe and fell further into a stupor... the last brain cell fried like an egg on the sidewalk.  RIP Mike's brain.

Tue, 09/15/2015 - 18:34 | 6552971 BlueStreet
BlueStreet's picture

From Mike's keyboard to God's eyes. Doubtful without divine intervention. 

Tue, 09/15/2015 - 18:38 | 6552972 pot_and_kettle
pot_and_kettle's picture

When they're swinging from lamp posts lining Broadway and Water St,
*then * I'd call it progress.

Til then, same old same old

Tue, 09/15/2015 - 19:26 | 6553157 SWRichmond
SWRichmond's picture

Some of us ZHers advocated gibbeting a number of years ago...

https://www.google.com/search?q=gibbet&tbm=isch&imgil=VcDzFS1G5z1trM%253...

Tue, 09/15/2015 - 20:21 | 6553345 nmewn
nmewn's picture

Mike still holds out some sort of "hope" that governments and it's "law" will no longer be purchased at the market price in "the next crisis", that there are indeed "life long public servants" who would rather die or go to jail themselves on trumped up government charges than to give up their true altruistic nature...really?...lol.

Well, where are they?

I'll tell you where they are right now, in the belly of the beast. Sitting behind their desks, filing paper, making reports and forming regulations for laws already passed, keeping their heads down but...most of all...drawing a check, beni's & a pension.

No, justice (not law) can only be served up one way, cold, unfeeling, uncompromising, unemotional and completely devastating for the one's it fixes it's eyes on. Within that brutal way of describing what justice really is (again, not law but justice) comes the countervailing knowledge that yes, one might be able to profit handsomely by selling out their countrymen but it will cost their life so they will never get to enjoy the profit.

Tue, 09/15/2015 - 22:51 | 6553828 fleur de lis
fleur de lis's picture

There is a need to coin the professional psychiatric definitions specific to the criminal element of finance. At present there is no real term for the psychopathic bankers and their lieutenants. There is also a need for a legal code that details their crimes with penalties and punishments. This requires cooperation among various professions to codify a highly destructive criminal element that has until now evaded any kind of social restraint. 

It is only of late that catastrophic wars and revolutions have been traced back to their deep malevolence. Our legal system is not set up for psychopaths who control and direct national policies, therefor they keep getting away with crimes faster and repeating them again.

They do not seem to have the same brains as the rest of us -- it's like they're compulsively driven to destroy. Maybe their brain structure is different than what is considered normal, so that we and they are on completely different metrics.

 

Tue, 09/15/2015 - 22:57 | 6553864 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Personality Inventories like the Minnesota Multiphasic Personality Inventory [MMPI] have measures on the Psychopathic Deviate Scale that accurately quantify the degree to which respondents to the survey measure use traits associated with psychopathy to manipulate people in general. The reliability of these PI surveys is tried & tested over decades now, but that's how Clinical Psychology & Psychiatry proper would qualitatively & quantitatively operationalize pathology in a bankster, or a sociopath Mafioso.


Wed, 09/16/2015 - 09:49 | 6554790 Victor von Doom
Victor von Doom's picture

The answer is simple and staring you in the face. They don't appear to be criminals of any type previously catalogued because they aren't criminals at all. They are enemies of the State. They are the enemies of your people. They are they enemies of your culture. They are a total enemy.

They should be treated accordingly ie not in a court system. That is only geared up for criminals. 

You wage war on scum like this. They are making claims on the sovereignty of the West and are genocidically abusive when they get it. 

Feed them lead. Every last one of them.

"My greatest flaw. I surround myself with idiots."

- Victor von Doom

Wed, 09/16/2015 - 15:08 | 6556749 scrappy
scrappy's picture

VVD Spot on!

They work for "money"

The Insurance Corps will pay for the early ones, but will abandon their useful idiots as time goes on.

Tue, 09/15/2015 - 18:35 | 6552973 JohnG
JohnG's picture

So very, very wrong.....

Tue, 09/15/2015 - 18:35 | 6552976 Implied Violins
Implied Violins's picture

Why waste jail cells on soon-to-be festering, desecrated corpses?

Tue, 09/15/2015 - 18:38 | 6552991 El Vaquero
El Vaquero's picture

Exactly.  Be green and recycle!  Have you composted a banker today?

Tue, 09/15/2015 - 19:03 | 6553084 Miffed Microbio...
Miffed Microbiologist's picture

Personally, I have doubt a composted banker could make anything grow. I am beginning to think they inject chemicals or use black magic, those SOBs just don't die! If it comes to this, may be you can rig up a test garden. Just don't let the effluent contaminate your well.

Miffed;-)

Tue, 09/15/2015 - 19:09 | 6553103 Ms No
Ms No's picture

Exactly, we have enough Frankenstein crops.  If they should expire they should be incinerated and their ashes placed in a welded metal coffin or thrown into a volcano. 

Wed, 09/16/2015 - 15:16 | 6556813 scrappy
scrappy's picture

<--- Don't forget their minions, they know what they are doing.

<--- They did not realize what they were doing (Nuremberg Defence)

Tue, 09/15/2015 - 18:36 | 6552981 agent default
agent default's picture

Yeah right.  When was the lst time bankers were jailed for their fraud?  I am not talking about the occasional one here and there, but really, when was the last time the banking establishment of the TBTF cartel was ever put under any serius scrutiny throughout history?  If everything fails, they will cause a collapse so severe there will be no government left to prosecute them and they got the gold on the cheap.

Tue, 09/15/2015 - 18:41 | 6553001 El Vaquero
El Vaquero's picture

Bankers aren't the only group with excessive influence.  If they fuck it up for others with excessive influence, or it is perceived that they fucked up by those, you might just see a full throated oligarch fight. 

Tue, 09/15/2015 - 19:05 | 6553092 agent default
agent default's picture

If this is going to turn into Prohibition era Chicago then I am all for it.

Pass the popcorn.

Tue, 09/15/2015 - 19:04 | 6553088 11b40
11b40's picture

There were over 1,000 felony prosecutions that came out of the Savings & Loan fiasco in the 80's, with a 90% conviction rate.

But, to your point, these were not the big Wall Streeet Bankers.  Mostly just your local common banker theif and his cronies, with a few politicians thrown in for good measure.  No big fish were prosecuted during the Depression era, either.

Tue, 09/15/2015 - 18:37 | 6552983 Sir SpeaksALot
Sir SpeaksALot's picture

well why not put them all in one really big conference room, and, you know..., deal with them.

Tue, 09/15/2015 - 19:25 | 6553155 Freddie
Freddie's picture

I want to see guillotines or boiled rope and lamp posts.

Tue, 09/15/2015 - 18:38 | 6552987 Dr. Bonzo
Dr. Bonzo's picture

Editorials are cheap. Criminal prosecutions last forever. Show me the criminal prosecutions.

Tue, 09/15/2015 - 18:38 | 6552988 Truffle_Shuffle
Truffle_Shuffle's picture

The bullshit is getting deep 'round here.

Tue, 09/15/2015 - 18:38 | 6552989 vincent
vincent's picture

A reminder of how JPM saved its own ass in 2008. Worth bookmarking....

 

The Secret Bailout of JP Morgan

http://www.webofdebt.com/articles/banking-bailout.php

Tue, 09/15/2015 - 18:38 | 6552990 BernankeHasHemo...
BernankeHasHemorrhoids's picture

What a lot of bullshit. Where does Tyler get this crap? Meanwhile back to your racist white supremacist rant on www.stormfront.org!

Tue, 09/15/2015 - 18:41 | 6553003 sessinpo
sessinpo's picture

Maybe you should look more carefully

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Tue, 09/15/2015 - 18:42 | 6553013 nnnnnn
nnnnnn's picture

 

 

i doubt they will jail the 99% jewish bankers, because it would be anitsemite and offensive

 

1% of non-jewish bankers will serve 1 year prison

Tue, 09/15/2015 - 19:06 | 6553097 11b40
11b40's picture

If it gets hot for them in America, they will just run off to Isreal and exercise their dual citizenships.

Tue, 09/15/2015 - 19:38 | 6553225 Consuelo
Consuelo's picture

 

 

They won't have to jail them.    Once the 'connection' is made between the balding character on the orange GOJ card and the Bernie Madoff-ism that represents central banking and the financial edifice as a whole, all bets are off.    Shame too, because a lot of otherwise innocent people who would have no part of this usury will be caught up in the maelstrom I fear.  

Tue, 09/15/2015 - 19:40 | 6553233 ljag
ljag's picture

Nnnnn

Just so you know, the judge will be a member of MS13 if it all goes to hell

Tue, 09/15/2015 - 20:09 | 6553315 RaceToTheBottom
RaceToTheBottom's picture

You should research the proportions of banksters jailed in the 80s.  

That might lend some credence to your pontifications, or not.

 

Wed, 09/16/2015 - 15:24 | 6556858 scrappy
scrappy's picture

We have almost 95 MILLION people out of work.

We do not need these "persons"

Tue, 09/15/2015 - 18:42 | 6553015 TeamDepends
TeamDepends's picture

Ladies and gentlemen expect fireworks as the " official story", from Pearl Harbor to JFK to Gulf of Tonkin to Moon Landing to 9/11 to "Barry Soetoro" to Sandy Hook to Asteroid Impact, falls apart completely.

Tue, 09/15/2015 - 19:25 | 6553154 SofaPapa
SofaPapa's picture

That is indeed the level of change that would be required for a fresh start.  But a "societal schizoid break"?  Imagine what it will look like if 100s of millions change their "programmed realities" to this level.  For those of us "conspiracy theorists", we're already past this.  But on the scale of entire modern populations?  

The consequences could be frightening.

Tue, 09/15/2015 - 22:04 | 6553708 Implied Violins
Implied Violins's picture

We could start awakening people by replacing fluoride with LSD; Roundup with PCP; and vaccines with heroin.

**shrugs** - works for me.

Tue, 09/15/2015 - 18:44 | 6553020 1stepcloser
1stepcloser's picture

Hunted and Murdered more like it!

Tue, 09/15/2015 - 18:44 | 6553021 Budnacho
Budnacho's picture

Just wait....the first banker that gets a .45 enema and you'll see all of em screaming for witness protection as they turn each other in...

Tue, 09/15/2015 - 18:44 | 6553024 Kaiser Sousa
Kaiser Sousa's picture

fuck jail...

KILL ALL THE MOTHER FUCKER BANKERS....

KILL THEM ALL...

Tue, 09/15/2015 - 18:45 | 6553029 Loophole
Loophole's picture

But politicians are all honest and trustworthy and bear no responsibility for the destruction of the economy.

Tue, 09/15/2015 - 18:49 | 6553034 Everyman
Everyman's picture

.50 BMG rounds inserted into banker cranial cavities.  we don't need no stinkin' jail.

Tue, 09/15/2015 - 18:50 | 6553039 birddog27
Tue, 09/15/2015 - 18:51 | 6553043 Ulludapattha
Ulludapattha's picture

Dream on, Mike. Just who will jail the banksters? They own the governments of USA, Canada, and Western Europe. Not a chance in my lifetime.

Tue, 09/15/2015 - 18:51 | 6553044 GCT
GCT's picture

Politicians and the judicial  branch are in the banks pockets. I  will believe it when I  see it to be honest. I have yet to see real bankers or for that matter politicians go to jail. As long as the big fines are paid nothing will change. Must be nice to create money from nothing to pay these fines and fucking your customers over at the same time.

Tue, 09/15/2015 - 18:52 | 6553048 Whalley World
Whalley World's picture

They run the world, they run the politicians and they will be safely tucked away when the shit hits the fan

Tue, 09/15/2015 - 19:04 | 6553090 Ms No
Tue, 09/15/2015 - 18:54 | 6553058 tumblemore
tumblemore's picture

fingers crossed

 

Tue, 09/15/2015 - 18:55 | 6553061 RopeADope
RopeADope's picture

Someone let the Justice Dept. blow sunshine up their ass.

Stop getting confused by verbal actions after the statute of limitations run out.

Tue, 09/15/2015 - 18:55 | 6553064 Fahque Imuhnutjahb
Fahque Imuhnutjahb's picture

 

 

Wishful thinking.  If any justice is to be meted out then the "little people" will have to take it upon themselves.

And by little people I mean the plebes, not dwarves; but the dwarves are welcome to help, unless of course

some of them are little bankers, then they're not welcome, but the rest are.  Glad we got that cleared up.

Tue, 09/15/2015 - 19:01 | 6553076 WillyGroper
WillyGroper's picture

i read this yesterday on Jesse's.

i wouldn't hold my breath.

they have the means & motives to disappear, literally & figuratively.

the pot is boiling over.

you can see it, feel it...they got some fear on.

too many waking up & when they've lost it all, in large enough numbers...they'll lose it with pitchforks & torches.

Tue, 09/15/2015 - 19:01 | 6553077 Ms No
Ms No's picture

I don't know when it is going to happen but I think it's going to happen too.  They are highly abitious in trying to do something never done before, they are trying to conquer globally using currency, suffering and depravaton as a weapon, they are basically global banking conquistadors. 

Once a global critical mass of suffering hits there will be a rebellion that will hit one country after another, it will only take one to set it off. They will be hunted, it will start with the politicians and inevitably lead to global banking.  Those that do survive it will have to sit in a hole for a long damn time in order for the world to forget the banker made disaster that is brewing now. 

 

 

Tue, 09/15/2015 - 19:10 | 6553107 11b40
11b40's picture

They won't be sitting in a hole.  They will be sitting in fortress Israel on top of a pile of nukes, sipping champagne and laughing at the rest of us.

Tue, 09/15/2015 - 19:41 | 6553236 Consuelo
Consuelo's picture

It will actually be quite the opposite, with that nation a hairs breadth away from total destruction, but that is another story yet to play out.

 

 

Tue, 09/15/2015 - 22:49 | 6553850 SofaPapa
SofaPapa's picture

I think you're being optimistic (lol.  if optimism is the right word to describe global rebellion...).

We already have plenty of examples of countries exploding.  There is no need to look for "one to set it off".  Look at Ukraine.  Unfortunately, even when people are miserably exploited, they are still far too easily manipulated into pointing their justifiable rage in the direction desired by those who are gifted in subtly directing the rage in the direction they want it to go. [that is a terrible sentence! oh well...]

We'd like to think "people" will realize who the instruments of their degradation are.  History suggests otherwise.  Yes, people snap.  But their snap is too often easily deflected from those who should feel its wrath.

We need to stop looking for leaders, and when forced to have them, to find ways to have as little contact with and duty to them as possible.

 

Tue, 09/15/2015 - 19:02 | 6553080 I Write Code
I Write Code's picture

President Trump will hang them high.

Tue, 09/15/2015 - 21:02 | 6553477 Bay Area Guy
Bay Area Guy's picture

Uh huh.  The Donald is one of them.

Tue, 09/15/2015 - 19:05 | 6553091 Roanman
Roanman's picture

Snore.

Wake me up when there's a hanging.

 

Tue, 09/15/2015 - 19:05 | 6553094 VWAndy
VWAndy's picture

Dream on? Must be some new strain of pot around.

 

Tue, 09/15/2015 - 19:11 | 6553108 gwar5
gwar5's picture

Bankers gonna be jailed? In what universe? Ain't this one.

Tue, 09/15/2015 - 19:11 | 6553110 PoasterToaster
PoasterToaster's picture

They may want to sacrifice the lower ranking banker scapegoats to preserve their system and keep looting us.  What if that plan doesn't work?

Tue, 09/15/2015 - 19:22 | 6553141 leftcoastfool
leftcoastfool's picture

"Things are moving in the direction of justice. At a glacial place for sure, but moving they are."

So, if I were Methuselah I could rest assured that the beanksters would be brought to justice in my lifetime...

Tue, 09/15/2015 - 19:26 | 6553147 Dickweed Wang
Dickweed Wang's picture
Bankers Will Be Jailed In The Next Financial Crisis

 

                  I'll believe it when I see it!!

Tue, 09/15/2015 - 19:26 | 6553159 ptoemmes
ptoemmes's picture

"
I can say with some degree of certainty now that a very large number of academics, law enforcement agencies, and financial compliance consultants are now joined, as one, in their total condemnation of significant elements of the global banking sector for their organised criminal activities."

So, they could be indicted, prosecuted, and jailed now. No need to wait for the next financial crisis.

I wonder why they aren't.

Ooh. Ooh. I know why.

Tue, 09/15/2015 - 19:30 | 6553178 SillySalesmanQu...
SillySalesmanQuestion's picture

Yawn....big fine, no jail time. Nothing to see here, move along now.

Tue, 09/15/2015 - 19:31 | 6553185 BlackMagician
BlackMagician's picture

Sounds almost like politicians will be jailed next crisis...both are LOL...

Tue, 09/15/2015 - 19:33 | 6553199 Bay Area Guy
Bay Area Guy's picture

If Jon Fucking Corzine wasn't even arrested, much less put on trial, much less jailed.....

That's all I have to say about this article.

Tue, 09/15/2015 - 19:33 | 6553201 Cashboy
Cashboy's picture

This article is not correct,  the reason being that most of the academics, law enforcement agencies, and financial compliance consultants are actually ex-bankers themselves.


 

Tue, 09/15/2015 - 19:36 | 6553212 q99x2
q99x2's picture

Arrest Lloyd Blankfein for financial terrorism.

Tue, 09/15/2015 - 21:31 | 6553590 SgtShaftoe
SgtShaftoe's picture

Send Lloyd and his buddies to a CIA black site to be given the ass raping with a broken bottle treatment.  If anything so much as a fly tries to leave, shoot it down.  Let the demented CIA monsters have their fun for a few hours, then nuke them all from high orbit.  It's the only way to be sure.

Tue, 09/15/2015 - 19:37 | 6553223 superdave
superdave's picture

We first have to return to the Constitution and the rule of law. When do you think THAT'S going to happen?

Tue, 09/15/2015 - 21:34 | 6553606 SgtShaftoe
SgtShaftoe's picture

Never.  History doesn't have a rewind button.  We are certainly in uncharted territory.

Tue, 09/15/2015 - 19:44 | 6553247 Doppelganger71
Doppelganger71's picture

"They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity."

 


Ezekiel 7:19 (KJV)


Wed, 09/16/2015 - 15:44 | 6556992 scrappy
scrappy's picture

So true Doppel

Tue, 09/15/2015 - 19:48 | 6553252 venturen
venturen's picture

GUILLOTINES!!!  I don't want to wait...change the laws and arrest them TODAY! We make the laws...and we make any law we want! 

BTW bankers are bad...but socialists and communists are even worse. We need politicans that do their job....and that should be arresting bankers and breaking up their mafia cartel! PERIOD!

Tue, 09/15/2015 - 19:49 | 6553258 o r c k
o r c k's picture

How would we deal with escaped banker host countries like New Zealand? If justice is ever re-kindled, maybe with special-ops ?

Tue, 09/15/2015 - 19:55 | 6553267 Shadow1275
Shadow1275's picture

It's more complicated than that. While the educated populace understands the mechanics behind what is bringing us down, the general populace clings to slogans of "The one percent doesn't pay their fair share." "All people deserve healthcare and the government should provide that." "Poor people need welfare from the government to survive." "Big businesses are bad and the government that we complain about for being corrupt should totally regulate them." "If Barrack Obama supports gay marriage than I will vote for him, I don't care about his economic policies."

 

The general public has been severely hoodwinked because our education system is failing to educate them. They are happy to use Iphones, cars, gas, food, and then turn on the "evil" spectre of Big businesses. They deny facts like how the FED caused the Great Depression, a fact which both Milton Friedman and Ben Bernake both admit to. They complain about a corrupt government and yet they continue to vote in politicians who increase the size of government. Nowhere do they mention the incredible inventions that have come from the private sector such as automobiles, telephones, electricity, medication, MRI machines, printing presses. They don't acknowledge that much of the lack of world wars and even the exploration of the world itself came from the drive to find resources and establish trade. They deny that perhaps Socialism is not the best way to go despite what history has taught us.

 

They just repeat the same brainwashed mantra of the one percent and taxes. No mention of the expansion of government power, no mention of Socialism's past failures, no mention of the good aspects of business and capitalism, no mention of how public schooling has plummeted and how that may affect the income gap, no mention of what history has taught us about the effects of minimum wage.

 

That is why the ones who will hang will be anyone who disagrees with the common mob that blames the sudden lack of money to pay for all of these social programs on capitalism and businesses, and as usual an intelligent man will come along with promises of peace, food, social programs, and stability and by playing on the ignorance of the masses he will crown himself King.

Tue, 09/15/2015 - 20:04 | 6553294 yogibear
yogibear's picture

"Bankers Will Be Jailed In The Next Financial Crisis"

No way! They'll always have a patsy/scapegoat.

Bernanke and now Yellen reward the criminals by pushing even bigger taxpayer bailouts.

The message to the bankster criminals is do it bigger and commit more crimes.

Tue, 09/15/2015 - 20:07 | 6553303 Chippewa Partners
Chippewa Partners's picture

Would they start with the Bank of Cramer?

Tue, 09/15/2015 - 20:08 | 6553312 Sanity Bear
Sanity Bear's picture

WHO is going to jail bankers? Their wholly owned puppet politicians?

 

Either they will be strung up in the streets by vigilante mobs or they will not see justice at all.

Tue, 09/15/2015 - 20:16 | 6553324 fowlerja
fowlerja's picture

Oh..give me a break..another inside edition of what the problem is..and the steps needed to fix it...writers blame bankers who blame politicians who blame corporations who blame congressional regulations who blames some tragic events which caused the regulations which goes back to the greedy corporations which is a reflection on corrupt greedy CEO's who need more congressional regulations to correct..which leads to more regulations..which leads to a presidential veto if incumbent is a republican..which leads to democrats crying out unfairness..which leads to a new President...who blames Congress for not getting anything done..who blames the Fed for not helping the country..which leads to easy money practices which leads to bad banking practices which leads to writers blaming the banks for the country;s ills..wash, rinse, and repeat..

Tue, 09/15/2015 - 20:18 | 6553335 mastersnark
mastersnark's picture

Mike's losing it or high af

Tue, 09/15/2015 - 20:23 | 6553349 SubjectivObject
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Any body heard from/about Jamie Dimon lately?

If not, is this a good sign?

Tue, 09/15/2015 - 20:24 | 6553354 Brokenarrow
Brokenarrow's picture

my two fantasies: i get to have sex with margo Robbie. I get to see blankfein hang by a rope. I would be equally excited by either.

Tue, 09/15/2015 - 20:29 | 6553366 ch25061
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A few top level, marquee name banksters and their bank headquarters  taken out by some disgruntled plebes who don't mind wearing a self-destruct vest or a one-way ticket van  would be all it takes to severely discourage the kind of criminal activity now engaged in by the banks.

 

Tue, 09/15/2015 - 20:34 | 6553389 tarabel
tarabel's picture

 

 

Jam yesterday and jam tomorow, but never (in a) jam today.

Tue, 09/15/2015 - 20:35 | 6553391 BGO
BGO's picture

I find it hard to believe the PIC (Prison Industrial Complex) will turn on and consume its own.

 

Jailing bankers, in theory, sounds good; I'll believe it when I see it.

Tue, 09/15/2015 - 20:39 | 6553407 Ms No
Ms No's picture

Maybe we are getting pushed towards an evolutionary jump.  Evil may actually have a purpose because without them you would just stay in the same place.  If this screwed up system was ever overturned we undoubtedly be a much stronger community and who knows how incredible our advancements would be if we if we weren't so stifled in so many ways.

Mankind has it's back against the wall and the pain will just keep increasing until they decide to change it.  Remember most people are always stupid and it doesn't take a majority, the sheep will switch hit the second the momentum carries them in another direction, it has always been that way.  Obviously govenments are concerned about this as well or they wouldn't be stockpiling and preparing against their own people. 

Tue, 09/15/2015 - 21:46 | 6553652 SgtShaftoe
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Very good analysis.  I agree completely.  Change always starts at the margin.  The US has already passed the magic tipping point.  Most random non-idiot people I talk to around the country, coast to coast, recognize the regime and bankers as the enemy.  Now it seems it's just a matter of time and how painful they wish the transition to be. 

 

Tue, 09/15/2015 - 21:54 | 6553670 Cabreado
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"If this screwed up system was ever overturned we undoubtedly be a much stronger community"

That's not the way it works.

When this "screwed up system" overturns, you will not like the results.

Tue, 09/15/2015 - 20:48 | 6553435 Cabreado
Cabreado's picture

Admirable optimism, Mike, but the banker criminal network can't be destroyed without dissolving the Fed, as in chopping the head off the snake...

"a very large number of academics, law enforcement agencies, and financial compliance consultants are now joined"

and conspicuously, naturally missing is where the control lies; that is Congress.

You can't fix anything without addressing points of Control.

Tue, 09/15/2015 - 21:00 | 6553471 KashNCarry
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"Many banks are widely identified now as nothing more than enterprise criminal organisations, who engage in widespread criminal practice and dishonest conduct as a matter of course and deliberate commercial policy."

Now back to your regularly scheduled program...

Tue, 09/15/2015 - 21:04 | 6553485 SgtShaftoe
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The bankers should wish to be arrested if they had any rational brain cell in their head.  There will be no place to hide anywhere on this earth.  They will likely be hunted down.  If law enforcement doesn't act to take down the cartel they will also be complicit and thrown in with the rest of the guilty.  The people will likely go after them as well. 

I'm glad I live in the country so I can watch the chaos on the interwebs with my bowl of non-gmo organic popcorn.  It should be a good show.  Every time a guilty banker or complicit government person is drawn and quartered, an angel sharts itself with laughter, and that's where rainbows come from.

The more you know and all that. 

Tue, 09/15/2015 - 21:10 | 6553502 Gold...Bitches
Gold...Bitches's picture

That is some grade A ganja you are smokin' Krieger.

At best, AT BEST, they will indict some low level guy (the same way they do it now) so that they can "strike fear" into the rest to stop doing it (but they won't) and the pols will say "see, we are protecting the middle class".  No one that has any pull or is close to the CEO/board will see a single day of jail or have any money clawed back.

Now pass me that joint - you're hogging it all to yourself.

Tue, 09/15/2015 - 21:10 | 6553503 vegas
vegas's picture

Somebody go ask President Goldman Sachs if he plans to do anything aobut it. Banksters + Politicians = money laundering scheme.

 

www.traderzoo.mobi

Tue, 09/15/2015 - 21:29 | 6553508 Son of Captain Nemo
Son of Captain Nemo's picture

My prediction is that bankers will be jailed in the next economic/financial crisis. Lots and lots of bankers.

Mike whatever you are smoking I want some of it!   I certainly hope that you haven't started on the journey of holding your breath just yet?...

The bankers of which you speak will be long gone with  whereabouts to property unknown that they stole with our money when it comes time to "collect them" and the sheep that should have turned into wolves 7 years ago will either be dead or in the process of dying!.. Needless to say we had our chance too many times to count in the last 14 years and squandered it to the extent that we deserve what is now coming to us!  Not sure I want to be an American abroad outside CONUS within the next 6 months especially if you wear the uniform -but hey I'm sure you've been dressing civilian everywhere you go outside a base that doesn't have barbed wire or jersey wall around it  since Libya and Syria?!!!

Watch very closely with this "refugee crisis" in Europe and those in the midst of the truly helpless that willl do the next "hat trick" that will make 9/11 look simplistic be it conventional/biological or nuclear agent(s) as the next diversion!

Tue, 09/15/2015 - 21:36 | 6553615 MrBoompi
MrBoompi's picture

Collectively these 500 people have as much power to jail bankers as Jamie Dimon's toenail clippings.

Tue, 09/15/2015 - 23:17 | 6553912 honestann
honestann's picture

When you own the injustice departments, all the pretend outrage in the world will have zero impact.  The banksters and predators-that-be know this, and nothing will happen.

For anyone to believe otherwise is naive beyond reason.

Wed, 09/16/2015 - 01:03 | 6554086 Dre4dwolf
Dre4dwolf's picture

How many times in history have bankers actually been arrested?

Like the big fish ones, not the little worthless fish.

 

Wed, 09/16/2015 - 04:16 | 6554222 activisor
activisor's picture

The lack of faith displayed in many of the comments regarding the chances of changing the status quo in banking

circles, is misplaced. There is much activity behind the scenes, and massive events are going to take place this month

which will demonstrate this fact. The bad guys are going down, and a new paradigm is in the offing. Just believe!

Wed, 09/16/2015 - 04:38 | 6554231 Minburi
Minburi's picture

I'm very skeptical about this ending well as those in power can sabotage the system if any force tries to unseat them.

Wed, 09/16/2015 - 09:44 | 6554899 smacker
smacker's picture

"Bankers Will Be Jailed In The Next Financial Crisis"

Who's taking the bets?

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