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Guest Post: Should Corrupt Bankers Face the Death Penalty?

Tyler Durden's picture





 

Submitted by Azizonomics

Should Corrupt Bankers Face the Death Penalty?


Doing God's Work?

Let’s be clear: financial misdeeds ruin lives. If a Madoff takes your money and uses it to pay off other investors in a ponzi scheme, you won’t be able to get it back. If a Blankfein underling issues you with misleading advice, and then bets against you (creaming himself a nice profit), you won’t be able to get it back. If a Corzine steals your money and uses it to bet on the European sovereign debt market, you might not be able to get it back. You might end up in poverty or worse. You might lose your children’s college money, your retirement money, or capital you needed for your business. You might lose your home.

So shouldn’t we take a tough line against financial misdeeds? Shouldn’t tricking and stealing from investors, tricking and stealing from the public, tricking and stealing from clients carry a heavy disincentive, like death? Would a corrupt banker not think twice about their misdeeds if they knew that apprehension would mean a noose around their neck and a kicked bucket?

Certainly there is a popular impression that big-time criminals with titles, status and MBAs get it easy, while protestors (sometimes protesting the misdeeds of big-time criminals) get shafted by the hyper-vigilant modern security state:

A lot of commentators — like for example, Max Keiser — seem to think so.

And in China financial crimes are treated with a gravity far beyond a cushy minimum security cell, and home visits on the weekends.

Financial criminals in China are often executed.

From Wiki:

China has executed bankers for fraudulent activity:

  • Wang Liming, former accounting officer, China Construction Bank, Henan, with others stole 20 million yuan ($2.4 million in U.S. Currency) from the bank using fraudulent papers, executed.
  • Miao Ping, an accomplice in the same case, executed.
  • Wang Xiang, same bank in an unrelated case, also executed for taking 20 million yuan from the bank.
  • Liang Shihan, Bank of China, Zhuhai, executed for helping cheat his bank out of $10.3 million US.

In a recent case, Wu Ying, a 28-year-old woman, will soon be put to death for taking out multi-million dollar loans from investors she was unable to pay back.

We in the West appear to have a problem; financial crimes ruin lives, but financial criminals either get away with a comparatively small fine (like Goldman did after they misled clients), a cushy prison cell, or sometimes even a taxpayer funded bailout.

Simply, they keep the upside of their behaviour, and pass the downside off to someone else (either a sucker investor, or a junior partner, or the taxpayer).

Hammurabi, the Babylonian King, had a simple principle for dealing with such bullshit:

If a builder builds a house and the house collapses and causes the death of the owner – the builder shall be put to death. If it causes the death of the son of the owner, a son of that builder shall be put to death.

Exact equivalence; you destroy someone’s livelihood, and your livelihood shall be destroyed. Such justice would leave a lot of people, and not just bankers — Dick Cheney, John Yoo, Larry Summers, Tim Geithner — with a lot to fear.

But would it work? Well, China executes bankers — as well as corrupt party leaders, (watch out, Bo Xilai) — and bankers in China keep screwing investors and the nation.

I think the biggest problem with capital punishment is that it is administered by the state (or the mob) and that means that very often it is administered to the wrong people, for corrupt or flawed reasons. Putting the power of life and death in the hands of the state is quite dangerous. More likely than not, the person executed will end up being the innocent junior intern (“take one for the team, buddy!”) while the corrupt CEO enjoys a retirement of golf courses, hookers, viagra, and oxycontin.

A much better goal to aspire to is the end of bailouts, and the end of firing off wads of QE-dollars to preserve badly-run (but well-connected) companies and systems (zombification).

Still, in matters of financial fraud I think it is important to seek out equivalent justice; you destroy a livelihood, we take your trust fund, and your Swiss bank account to compensate the victim. The status quo — where regulators shoot off tiny fines for huge financial crimes — is a joke.

But the best way to punish Goldman Sachs (etc) for their misdeeds is to not bail them out the next time their hyper-fragile leverage-driven business model fails them and they end up over a barrel. It is quick, dirty and emotionally satisfying to talk of executions, but giving the state the power over life and death has far bigger, and far more dangerous consequences, not to mention huge potential for abuse.

 


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Thu, 04/12/2012 - 10:12 | Link to Comment DaveyJones
DaveyJones's picture

do vultures fly?

Thu, 04/12/2012 - 10:15 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

They sip champagne in France.

 

FREE JON CORZINE!!!!

 

Oh wait.....he is.

 

Thu, 04/12/2012 - 10:16 | Link to Comment SilverTree
Thu, 04/12/2012 - 10:18 | Link to Comment Pladizow
Pladizow's picture

No - the answer is televised castration performed by a family member!

Thu, 04/12/2012 - 10:20 | Link to Comment resurger
resurger's picture

fuck that, - public beheading or immolation

Thu, 04/12/2012 - 10:22 | Link to Comment johnu1978
johnu1978's picture

That should work wonders in keeping the Satanic Gypsies in line!

 

-John
Edible Plant Tours
http://www.heartrootnatureconnection.com

Thu, 04/12/2012 - 10:31 | Link to Comment Badabing
Badabing's picture

Makem work the chain gang!

Thu, 04/12/2012 - 10:38 | Link to Comment SilverIsKing
SilverIsKing's picture

We should take a page out of Singapore's criminal justice system.  Crime would go down if penalties were so severe, although many libtards would call it unjust.  They would argue that innocent people who are found guilty of crimes may be put to death without having a chance of redemption but there would be a lot less crime so the risk/reward is definitely worth it.  Many more resources would be available to do a better job in determining the guilt or innocence of an individual charged with a crime.

That said, if the guys running the show remain corrupt and only the small fish get prosecuted, all bets are off on my statement above.

Thu, 04/12/2012 - 10:44 | Link to Comment Max Hunter
Max Hunter's picture

“Poverty is the worst form of violence.” Mahatma Gandhi

Thu, 04/12/2012 - 10:51 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

Shit.  Ya start executing banking criminals who the hell's gonna be left to run the country?

Thu, 04/12/2012 - 10:59 | Link to Comment Colombian Gringo
Colombian Gringo's picture

Banksters are  still a good start.

Thu, 04/12/2012 - 11:14 | Link to Comment strannick
strannick's picture

What about complicit CFTC and SEC regulators? At least a public scourging?

Thu, 04/12/2012 - 12:37 | Link to Comment economics9698
economics9698's picture

Slow hanging.

Thu, 04/12/2012 - 11:25 | Link to Comment Donnie Duvanie
Donnie Duvanie's picture

Tie them up and hand them over the people who hold our national debt. Then tell them that we're not going to pay it. 

Thu, 04/12/2012 - 14:18 | Link to Comment zhandax
zhandax's picture

Apparently the author, like 99% of the USSA, has forgotten that the Republic that the Constitutional framers created gives power to pronounce the death sentence to the people, not the state.  "Jury of your peers" anyone?  Of course there is a mountain of garbage to be tossed in the dump to get back to that Republic.

Thu, 04/12/2012 - 10:56 | Link to Comment redpill
redpill's picture

 

I prefer the Swiss model where the bank executives can be held personally liable, and as a result there are very few Swiss bank failures.

Thu, 04/12/2012 - 11:10 | Link to Comment spiral_eyes
spiral_eyes's picture

Excellent, redpill.

Thu, 04/12/2012 - 11:18 | Link to Comment BLOTTO
BLOTTO's picture

The World can no longer afford the global elite.

Costs too much.

Time for them to go.

Thu, 04/12/2012 - 11:39 | Link to Comment flattrader
flattrader's picture

From the Taibbi article on the Vampire Squid--

 

>>>"You put Lloyd Blankfein in pound-me-in-the-ass prison for one six-month term, and all this bullshit would stop, all over Wall Street," says a former congressional aide. "That's all it would take. Just once."<<<

Thu, 04/12/2012 - 11:49 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

We do the opposite than China/Singapore. Here the incentive's the more ya steal the greater the reward.

Thu, 04/12/2012 - 14:35 | Link to Comment victor82
victor82's picture

Yes, but how would that apply to the five Romney draft-age sons and their dear old dad?

 

 

 

Thu, 04/12/2012 - 17:45 | Link to Comment DaveyJones
DaveyJones's picture

darn it, why didn't we think of that. What's that? It's called a corrupt state

Thu, 04/12/2012 - 11:46 | Link to Comment connda
connda's picture

Unfortunately that will never happen because they hold the reins of the governments. 

If executions do happen, it will be after a major social upheaval where the status quo is turned on its head.  But if history is a reminder, such social upheavals often end up consuming both the losers and the victors, as the lines demarcating good and bad become blurred.  Case in point: French Revolution Reign of Terror. 

Thu, 04/12/2012 - 11:37 | Link to Comment Joeman34
Joeman34's picture

It's called the Fiduciary Standard.  Believe it or not, many organizations in this country are currently held to this standard.  The issue is, the TBTF banks are held to the Suitability Standard, i.e. the product need only be suitable for the customer and not necessarily the best solution. 

The problem is, if the TBTF banks adopt Fiduciary Standard, they could no longer make the kind of money they’re accustomed to making.  Hence it likely won't happen.

 

Thu, 04/12/2012 - 11:38 | Link to Comment connda
connda's picture

+1

Thu, 04/12/2012 - 10:54 | Link to Comment tmosley
tmosley's picture

Not for regular crime.  Regular crime is caused in large part by the poverty brought on by the illegal activities of central bankers and politicians.  And perhaps military personnel during wartime.  Those are the only people who should be subject to capital punishment, and it should be used often enough that none of them dares to be corrupt.

The people should not be afraid of their governments, governments should be afraid of the people.

Thu, 04/12/2012 - 17:49 | Link to Comment DaveyJones
DaveyJones's picture

well said. I am having a harder and harder time working in the criminal justice system watching the biggest criminals in the history of this country destroy the rest of us. This has long been no longer about the law. It's fear and critical mass. 

Thu, 04/12/2012 - 10:59 | Link to Comment DeadFred
DeadFred's picture

The market must be up and Ponzied again if Tyler feels we need a lift by pairing the idea of hanging with a photo of Blankfein. Nice fantasy but we still have that 'Holder' problem don't we? Still, thanks for the smile.

Thu, 04/12/2012 - 11:04 | Link to Comment TheGardener
TheGardener's picture

Singapore`s justice system even has a severe preemptive measure against (voter) corruption before it can occur :
seize the assets of an opposition politician under libel laws.

But I appreciate the point you are trying to make SilverI
and how at the end you take it all back ...

Thu, 04/12/2012 - 22:35 | Link to Comment Road Hazard
Road Hazard's picture

Silver, you do realize that repugtards are just as guilty as democrats of taking bribes and bailing out wallstreet, don't ya? From your comments, I see you as another tool. Go listen to faux noise and rush "poppin' pills" limpuke and push women's rights back 200 years.

 

Thu, 04/12/2012 - 10:40 | Link to Comment bernorange
bernorange's picture

What Would Jesus Do?  Oh yeah, he didn't care for the money changers either. 

Thu, 04/12/2012 - 10:43 | Link to Comment Deo vindice
Deo vindice's picture

Slight correction but an important one.

It wasn't the money-changers per se, but that they were desecrating the temple by carrying on their work there.

What Jesus really was angry about was that the money-changers believed they were doing "God's work".

Hmmmm.

Thu, 04/12/2012 - 11:09 | Link to Comment wisefool
wisefool's picture

Yup. It was a complicated system you had to follow just to worship, with the alterior motive that you might just tithe to the system and let it guide your actions on earth, forgeting about the temple itself.

Sounds like an 80,000 page tax code to me, whose original (well intended) purpose was to catch gangsters. .... Not working out to well when the SEC and IRS are scared shirtless of the Romney/Immelt types. Most of their tax breaks are for supposed contingencies that should not create windfalls. They then get the code changed after they horde the profits so that they can keep the windfall after all, before renumeration would be due in subsequent filings.

The current tax code is not Gods work. Maybe the other guy ......

Thu, 04/12/2012 - 11:11 | Link to Comment DeadFred
DeadFred's picture

Then they had a religious system set up with different levels of access. The outer sanctum of the temple was the section where non-Jews could come to be with God. Only Jews were allowed into the inner sanctum. The money changers hawking their wares had completely filled the outer sanctum cutting off access to non-Jews and making it an unsavory place to be.

Today we have a financial system set up with different levels of access...

Thu, 04/12/2012 - 10:43 | Link to Comment urbanelf
urbanelf's picture

Bring back strappado.

Thu, 04/12/2012 - 10:51 | Link to Comment ReeferMac
ReeferMac's picture

Death by Bunga Bunga!

Thu, 04/12/2012 - 11:11 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

Ya.   A penile system of justice.

Thu, 04/12/2012 - 10:53 | Link to Comment valley chick
valley chick's picture

And the punishment for treason is.......??????  nuff said.

Thu, 04/12/2012 - 12:32 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

 

 

Yes, defrauding the American people is treason, and we already have laws for treason.

But Wall Street bankers aren't the ones committing treason, Ben Bernanke is.  He's the one printing currency and swapping it for worthless securities like MBS and treasuries that will never be paid back.

I agree with prosecuting bankers for treason, but let's make sure we prosecute the ones actually committing treason, not the beneficiaries.

Prosecute the Fed chairman for treason and execute him.  That would solve 99% of all the looting by the government and Wall Street. The government couldn't keep borrowing money they'll never pay back.  Wall Street bankers couldn't keep selling worthless crap to the Fed, and they'd go bankrupt.  With the presses shut down the dollar would stop losing value.

And if congress renews Fed's charter next year, prosecute every one of them who votes for it for treason and execute them.

Thu, 04/12/2012 - 10:24 | Link to Comment CharlieSDT
CharlieSDT's picture

I propose we put all the bankers who received more than 1 mil in Xmas bonuses any of the last several years in a giant bag with all their politician muppets.  Then when you hit the bag you always know you're hitting the right one.

 

http://www.singledudetravel.com/2011/11/american-scamocracy/

Thu, 04/12/2012 - 10:26 | Link to Comment Oh regional Indian
Oh regional Indian's picture

There is no obvious connect, unlike th ebulder and house example.

That is the beauty of the scheme. Money is once removed from the system, from reality that is. It finds value only as currency, every-time a trade occurs. 

Money is a mirage, how can you prosecute a mirage?

I found this fascinating little bit of in-formation:

 

The "50 State" series of quarters (25-cent coins) was launched in the U.S. in 1999. The U.S. government planned on a large number of people collecting each new quarter as it rolled out of the U.S. Mint, thus taking the pieces out of circulation[citation needed]. Each set of quarters is worth $14.00 (a complete set includes quarters for all fifty states, the five U.S. territories, and the District of Columbia). Since it costs the Mint about five cents for each 25-cent piece it produces, the government made a profit whenever someone "bought" a coin and chose not to spend it.[4] The U.S. Treasury estimates that it has earned about US$6.3 billion in seigniorage from the quarters over the course of the entire program.[5]

In some cases, national mints report the amount of seigniorage provided to their respective governments; for example, theRoyal Canadian Mint reported that in 2006 it generated $C93 million in seigniorage for the Government of Canada.[6] The US government, the largest beneficiary of seignorage, earned approximately $25 billion annually as of 2000.[7]

 

Fascinating eh? Look at the USG, a total pig at the trough.

25 Billion and that was in 2,000..... what do monetary aggregate graphs look like from then to now? Going vertical in a sea of liquidity.

Seig-nio-RAGE FTW!

ori

unedited-stream-of-consciousness

 

Thu, 04/12/2012 - 10:38 | Link to Comment Oracle of Kypseli
Oracle of Kypseli's picture

Same with the 2 dollar bills. they are out of circulation in shoe boxes. Same with dollars outside the US.

 

Thu, 04/12/2012 - 10:54 | Link to Comment DeadFred
DeadFred's picture

At least for the moment. The minute the dollar is no longer considered safe all that money under mattresses in Qatar will suddenly come into circulation. DXY=10. It won't happen soon but the sword is hanging by a thread over our heads. Fortunately no one in power would put the dollar in jeopardy would they?

Thu, 04/12/2012 - 10:39 | Link to Comment Urban Roman
Urban Roman's picture

I like nickels.

Thu, 04/12/2012 - 12:33 | Link to Comment eatthebanksters
eatthebanksters's picture

This article made me feel better than any I have read in a long time....maybe we ought to use the 'revolving door policy' and let the public pick 10 senior banking execs each year to execute; maybe then they'd really work to be good guys and gals!

Thu, 04/12/2012 - 15:00 | Link to Comment TheGardener
TheGardener's picture

Sorry tale is that in dictatorships, when they started hanging, WORSE people showed up to make up for the post
just recently made abundant .

Thu, 04/12/2012 - 11:22 | Link to Comment noses
noses's picture

Agreed. Castration by using a modified corkscrew, letting them bleed to deat afterwards.

Thu, 04/12/2012 - 11:46 | Link to Comment XitSam
XitSam's picture

"No - the answer is televised castration performed by a family member!"

But what about Blythe?

Thu, 04/12/2012 - 11:23 | Link to Comment Chupacabra-322
Chupacabra-322's picture

Absol fucking utely!!!

Thu, 04/12/2012 - 14:49 | Link to Comment rotagen
rotagen's picture

Carlin had it right.  Death by slowly lowering into a vat of boiling oil.  Charge admission, televise it, get organized crime interested by betting on how many minutes they survive.  Drawn and quartered would be fun too.  I say tar and feathers before the hot oil, call it a turkey roast.

Thu, 04/12/2012 - 16:46 | Link to Comment BarberKen19
BarberKen19's picture

my neighbor's mom makes $82 hourly on the computer. She has been out of a job for ten months but last month her pay check was $14998 just working on the computer for a few hours. Read more on this web site and click Home .....  WWW.LAZYCASH.COM

Thu, 04/12/2012 - 10:28 | Link to Comment 5880
5880's picture

This is an IQ test

look at the fail here

Thu, 04/12/2012 - 10:45 | Link to Comment Gully Foyle
Gully Foyle's picture

I don't get the killing someone is better than living the rest of your life in prison suffering daily thing.

If you really want people to pay what the deserve harvest the fucking organs. Keep them alive as long as possible and set sentence reduction by organ. Kidney drops five years, Cornea seven years.

Really where does saying hope you die get you? Nothing, no suffering. But hope you lose a limb, ah sweet justice.

 

Thu, 04/12/2012 - 11:10 | Link to Comment Waffen
Waffen's picture

you kill them, because its pretty hard for a president to pardon a dead man

Thu, 04/12/2012 - 10:49 | Link to Comment Gully Foyle
Gully Foyle's picture

http://blog.american.com/2012/04/obamas-inequality-argument-just-utterly...

Obama’s inequality argument just utterly collapsed

So what happened to the rest of the dough? The top 10%, 1% and 0.1% grabbed all the money. Or pretty much most of it. Time to crank up taxes on the rich and spend more on the middle class. It’s not overstating things to say that the findings of Piketty and Saez form the very heart of Obamanomics, giving a powerful economic rationale for Obama policies such as ending the upper-end Bush tax cuts to Obamacare to the Buffett Rule.

But it’s just not true, according to a new study in National Tax Journal from researchers at Cornell University. (Here’s an earlier, working-paper version.) The academics, led by economist Richard Burkhauser, don’t say the findings of Piketty and Saez are wrong — just incredibly, massively incomplete. According to the Cornell study, median household income – properly measured – rose 36.7%, not 3.2% like Piketty and Saez argue. That’s a big miss.

And all income levels got richer. Yes, the very rich did exceptionally well, mostly due to technology and globalization. Incomes rose 63% for the top 5%, 56% for the top 10% and 52.6% for the top 20%.  But everyone else made out pretty well, too. Incomes rose 40.4% for households between the 60th and 80th percentiles, 36.9% for the next quintile, 25.0% for the next, and 26.4% for the bottom 20%. There’s the “shared prosperity” Obama says he wants, right in front of his eyes. (Indeed, the study finds, income inequality has actually been shrinking since 1989, with the Gini index falling to 0.362 from 0.372.)

As the Cornell study concludes:

Income inequality increased in the United States not because the rich got richer, the poor got poorer and the middle class stagnated, but because the rich got richer at a faster rate than the middle and poorer quintiles and this mostly occurred in the 1980s. .. the apparent failure of the median American to benefit from economic growth can largely be explained by the use of an income measure for this purpose which does not fully capture what is actually happening to the resources available to middle class individuals.

See, Piketty and Saez made lots of odd choices about what to measure and how to measure it. They chose to measure something called “tax units” rather than households, a move which ignores the statistical impact —  including economies of scale — of couples who cohabitate, kids who move back in with their parents after college, and senior parents who live with their adult children.

They chose to ignore the value of all government transfers — including welfare, Social Security, and other government provided cash assistance — received by the household.

They chose to ignore the role of taxes and tax credits.

They chose to ignore the value of healthcare benefits. In short, Piketty and Saez ignored a lot of stuff. Again, Burkhauser and his team;

 The apparent failure of the median American to benefit from economic growth can largely be explained by the use of an income measure for this purpose which does not fully capture what is actually happening to the resources available to middle class individuals …  When using the most restrictive income definition – pre-tax, pre-transfer tax unit cash (market) income—the resources available to the middle class have stagnated over the past three business cycles. In contrast, once broadening the income definition to post-tax, post-transfer size-adjusted household cash income, middle class Americans are found to have made substantial gains.

So the tax and regulatory polices of the past three decades did not lead to stagnation for the middle class at the hands of the rapacious rich. Claims to the contrary — such as those made by Obama, the Occupy movement, and many liberal economists — never really passed the sniff test of anyone who lived through the past few decades. And now we know why: The inequality and stagnation alarmists were wrong. And so, therefore, is the economic rationale of the president’s class-warfare economic policies. Not that economics ever had much to do with them anyway.

Thu, 04/12/2012 - 11:01 | Link to Comment blunderdog
blunderdog's picture

So if me and my broke-ass GF move in together, our incomes go up?

Thu, 04/12/2012 - 11:03 | Link to Comment Neo1
Neo1's picture

GUYS GUYS, Death is to easy of a way out for the bankers, a better way is to take all their family wealth away from them, and make them penniless, with a big ass tattoo on their forehead, BANKER in red ink, anyone willing to help them looses their wealth also. The movie trading places comes to mind at the end, living in a cardboard box. If they try to kill themselves they will be brought back to life, it will be hell on earth for them.

Thu, 04/12/2012 - 11:06 | Link to Comment WVO Biker
WVO Biker's picture

Did someone say this site is a time waster?

On the other hand I found a lot of useful things about living offgrid and some really fine trading links. 

Thu, 04/12/2012 - 11:08 | Link to Comment mr_T
mr_T's picture

Ur silly... U can't kill god. GS is our golden cow. They rule the universe. Remember .. can't touch this ..

Thu, 04/12/2012 - 11:29 | Link to Comment Mr. Fix
Mr. Fix's picture

 


 "Should Corrupt Bankers Face the Death Penalty?"

In a word, yes!

 Now wouldn't it be swell if we actually had a say in this?

Thu, 04/12/2012 - 10:13 | Link to Comment Big Corked Boots
Big Corked Boots's picture

the bullet or... the bullet.

Thu, 04/12/2012 - 10:20 | Link to Comment CH1
CH1's picture

NO!!

Look, I understand how much destruction these guys created, but the point is to escape them and to do better things.

Go ahead and vent, but in real life, we have to leave them behind and move on.

Seriously.

Thu, 04/12/2012 - 10:24 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Jon.....is that you?

 

Thu, 04/12/2012 - 10:27 | Link to Comment Big Corked Boots
Big Corked Boots's picture

Judging by the avatar, it's Carla Katz.

http://en.wikipedia.org/wiki/Carla_Katz

 

Thu, 04/12/2012 - 10:30 | Link to Comment Oh regional Indian
Oh regional Indian's picture

I agree whole-heartedly CH1. Eye for an eye and the cycle just swirls down the drain.

If reality finally bit the 1% in the ass, their life as normal people would be hellish enough.

Plus, Lindsey lohan has made ankle-trackers cool. Whatever that is worth in this dialouge, but it seems to fit.

Perhaps ankle trackers for the perps?

ori

Thu, 04/12/2012 - 10:34 | Link to Comment El
El's picture

These guys are like cancer. You can't just escape it, leave it behind or move on. It doesn't let you. You have to cut it out, nuke it, or otherwise bring about its demise or containment, or it will only continue to spread. Nice thought, but sadly it just doesn't work that way.

Thu, 04/12/2012 - 10:56 | Link to Comment Big Corked Boots
Big Corked Boots's picture

You can't leave them behind when they are still riding your back. It's not that we're screwed and we need to get over it, but that we are being continually screwed and in some cases with less lube. The solution is obvious - eliminate the screwer.

Thu, 04/12/2012 - 10:35 | Link to Comment pods
pods's picture

I agree.  The state having the power to take life is an abomination.  

Most here are venting though.

The state caused this mess in the first place, you cannot look to them for solutions.  For every solution comes with it more state power.

pods

Thu, 04/12/2012 - 10:55 | Link to Comment spiral_eyes
spiral_eyes's picture

Excellent pods, you get it.

By the way, Hammurabi himself would have dealt with corrupt bankers by taking their wealth to compensate their victims (their PERSONAL wealth, not the assets of a bank holding company) not by killing them.

Thu, 04/12/2012 - 11:35 | Link to Comment pods
pods's picture

Years ago I toiled with the use of the death penalty.  When I stepped back and really looked at why I felt it just to take a life for a crime I realized that all my arguments were emotionally based.  A horrendous crime would always stir the fire for bloodlust.  

But, it was the state who carries out this "punishment" and if they can take one life legally, they can take them all.

Not a good fit with personal liberty.

pods

Thu, 04/12/2012 - 17:56 | Link to Comment DaveyJones
DaveyJones's picture

Well said. Look at the innocence project. Look at corrupt prosecutors who hid exculpatory evidence in violation of every rule for "the win" while watching the innocent suspect be put to death. Still happens today. Taking all of their personal wealth, sending them to life in prison works for me.   

Thu, 04/12/2012 - 10:14 | Link to Comment Sweet Chicken
Sweet Chicken's picture

Yes

Thu, 04/12/2012 - 10:14 | Link to Comment resurger
resurger's picture

A: YES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Thu, 04/12/2012 - 10:14 | Link to Comment LongSoupLine
LongSoupLine's picture

Should Corrupt Bankers Face the Death Penalty?

 

Are bears Catholic?  Does the Pope shit in the woods?

Hell ya!

Thu, 04/12/2012 - 10:39 | Link to Comment Oracle of Kypseli
Oracle of Kypseli's picture

Does the Pope have a balcony?

Thu, 04/12/2012 - 10:46 | Link to Comment Abitdodgie
Abitdodgie's picture

The Pope at easter mass said that Jesus was the son of satan and we should all worship him , whats up with that.

Thu, 04/12/2012 - 11:21 | Link to Comment Yardfarmer
Yardfarmer's picture

"lucifer" in the ancient text commonly read at the beginning of the Easter Vigil is literally translated in the old Latin, and to which you are apparently attempting to refer to, as "the morning star" which is the planet Venus. Although worshipped by gnostics and their Illuminati confreres as the "light bearer" and thus Lucifer, the mention of "lucifer" is employed in the Easter vigil mass only as a symbolic allusion to the real "Light of the World" whose birth, death and resurrection brought light into the darkness. The YouTube video which is presently spreading this nonsense is misinformed and ridiculous. aside from that, I tend to agree with Ann Barnhardt when she calls for the prosecution of Jon Corzine for capital(ist) crimes with the requisite capital(ist) punishment. As about as much chance of that happening as Jesus being the son of Satan. sheeesh!

Thu, 04/12/2012 - 11:58 | Link to Comment Abitdodgie
Abitdodgie's picture

Thanks for the info , its just that these old Popes get a bit ,well differant in there old age, thank God I don't have to worship satan, next I would be joining the Masons and the NWO and having sex with children. Nothing to see here move along.

Thu, 04/12/2012 - 10:15 | Link to Comment ReeferMac
ReeferMac's picture

The Cartoon is very apropos!

I guarantee you, it won't stop every one, but MOST of the crooks on wall street would think twice about what they're doing if just ONE of those slimy bastards was hung from a lamp-post by his neck. Why the laws are different for one segment of society vs. the others could fill a few books, but the end message is the same.

Thu, 04/12/2012 - 11:09 | Link to Comment ShankyS
ShankyS's picture

"Should Corrupt Bankers Face the Death Penalty?" 

As we say here in the south - Aw hell yea!

 

Thu, 04/12/2012 - 10:14 | Link to Comment Ralph Spoilsport
Ralph Spoilsport's picture

Hell yes!

Thu, 04/12/2012 - 10:14 | Link to Comment schatzi
schatzi's picture

Is this a trick question?

Thu, 04/12/2012 - 10:31 | Link to Comment The Reich
The Reich's picture

I thought it was a rhetorical question...

Thu, 04/12/2012 - 10:14 | Link to Comment VonManstein
VonManstein's picture

life hard labour i think is a better option.

get them picking cotton or something

Thu, 04/12/2012 - 10:43 | Link to Comment Kali
Kali's picture

Mucking out pig barns or manually cleaning out septic tanks.  Picking cotton is too clean.

Thu, 04/12/2012 - 11:07 | Link to Comment pepperspray
pepperspray's picture

I need somebody to plant my peas

Thu, 04/12/2012 - 11:24 | Link to Comment dhengineer
dhengineer's picture

And while they are mucking out barns and septic tanks, the uniform of the day will be an Armani suit with Gucci loafers.  A hard day's work (12 hours) earns them food for the next day.  Extra work beyond 12 hours will earn them a space in the loft of the barn or in the storage shed for the night.  Anything less than a full 12 hours of work means no food or shelter for the next 24 hours.

If capital punishment is warranted, I have always thought that an appropriate method would be to stone them with good-delivery gold bars...talk about poetic justice!

Thu, 04/12/2012 - 10:15 | Link to Comment jeff314
jeff314's picture

they will be in Tel-Aviv as soon as the next crash happend...

Thu, 04/12/2012 - 10:16 | Link to Comment Matrix R Us
Matrix R Us's picture

Looks clear to me!

Thu, 04/12/2012 - 10:15 | Link to Comment Arnold Ziffel
Arnold Ziffel's picture

But don't that violate their human rights?

Thu, 04/12/2012 - 11:02 | Link to Comment Boston
Boston's picture

They're human?

Thu, 04/12/2012 - 10:16 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

Is that the face of someone fabricating a story or what?

Thu, 04/12/2012 - 11:25 | Link to Comment dhengineer
dhengineer's picture

It looks like he just crapped his panties...

Thu, 04/12/2012 - 10:16 | Link to Comment BanjoDoug
BanjoDoug's picture

face the death penalty, gosh we can't have that - why that would be "anti-semitic".....

Thu, 04/12/2012 - 10:16 | Link to Comment insanelysane
insanelysane's picture

The thinking has always been that if someone holds you up in the street with a knife or gun and takes $100 from you that it is much more traumatic than waking up one day and finding out that the $xxx,xxx in your retirement account is gone.  Methinks they are at least the same.

Thu, 04/12/2012 - 10:16 | Link to Comment The Axe
The Axe's picture

rich sister  jon corzine  double header....or no header...

Thu, 04/12/2012 - 10:16 | Link to Comment The Axe
The Axe's picture

rich sister  jon corzine  double header....or no header...

Thu, 04/12/2012 - 10:16 | Link to Comment icanhasbailout
icanhasbailout's picture

they should be declared outlaws - outside the protection of the law - and let the chips fall where they may

Thu, 04/12/2012 - 10:16 | Link to Comment battle axe
battle axe's picture

Bring back burning at the steak, it was good enough for Joan of Arc why not Blankfeld?

Thu, 04/12/2012 - 10:19 | Link to Comment Seasmoke
Seasmoke's picture

medium-rare or well done ?

Thu, 04/12/2012 - 10:33 | Link to Comment toady
toady's picture

I think burning a steak indicates well done, maybe even too well done...

Thu, 04/12/2012 - 10:20 | Link to Comment Waffen
Waffen's picture

Burning at the "steak"?

Thu, 04/12/2012 - 10:27 | Link to Comment battle axe
battle axe's picture

Ok ok I mean "stake". A simple screw up....

Thu, 04/12/2012 - 10:34 | Link to Comment icanhasbailout
icanhasbailout's picture

"Were it not for the misplacement of a single 'e', justice may have been done. Instead, those who destroyed the economy were treated to choice cuts of beef, succulently marinated and served with portobello, mashed potatoes, and creamed spinach."

 

-Hysteriocrates, A History of Man 2306 A.D.

Thu, 04/12/2012 - 10:50 | Link to Comment Thamesford
Thamesford's picture

For the want of an "e", the point was lost,

For the want of a point, the direction was lost,

For the want of an direction, the journey was lost was lost,

For want of a Journey, the emotive corporate rock song was lost,

For want of an emotive rock song, the mood was lost,

For want of a mood, the concentration was lost,

For want of concentration, the "e" was lost...

 

...now where was I?

Oh that's right, using circular logic to extoll the oppressive virtues of a tyrannical society to justify my desired punishments for oppression in my "free" society.

 

 

 

Thu, 04/12/2012 - 10:29 | Link to Comment Bullwinkle Moose
Bullwinkle Moose's picture

well done please

Thu, 04/12/2012 - 12:24 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

Leave him alone.  He's on a roll.   A plate.   Whatever.

Thu, 04/12/2012 - 11:35 | Link to Comment noses
noses's picture

Why not? Because Joan was an honest person. 

Thu, 04/12/2012 - 10:17 | Link to Comment TradingJoe
TradingJoe's picture

DEATH would be too mercyful on these fuckers, a lifetime of hard labour, chopoing stones, would remind them at all times of what they did, we can't teach them anything any more, too corrupt and damaged, killing them would just put them out of their misery...NO SIR!

I'd love to se FerkelFein chop stones for the rest of his days!

Thu, 04/12/2012 - 10:21 | Link to Comment insanelysane
insanelysane's picture

Working in a gold or silver mine.

Thu, 04/12/2012 - 10:50 | Link to Comment toady
toady's picture

NO!

These guys are too dangerous!

Within an hour they would 'special privileges', and within a week congress would pass a law reversing the sentence so the people inside get to profit from the rest of the populations hard labor...

Wait a minute, that sounds familiar ...

Nope, it's best just to put a bullet in their brains ASAP.

Thu, 04/12/2012 - 10:17 | Link to Comment Seasmoke
Seasmoke's picture

they should be hanged in the streets, no trial or death penalty needed

Thu, 04/12/2012 - 11:09 | Link to Comment Renfield
Renfield's picture

Marked you up because 'should' or no 'should', I think this is what will happen.

Thu, 04/12/2012 - 11:59 | Link to Comment Kobe Beef
Kobe Beef's picture

hung by their own intestines, that is.

Thu, 04/12/2012 - 10:19 | Link to Comment vmromk
vmromk's picture

What a ridiculous question.

What answer other than a resounding YES is there ?

Thu, 04/12/2012 - 10:19 | Link to Comment Waffen
Waffen's picture

YES.

All Psychopaths need to be executed. They are a danger to all of humanity. All people in charge of anythign should have a brain scan to determine whether they are psychopathic or not, and this is coming from a libertarian.  Psychopaths are a danger to all life present and future.

Thu, 04/12/2012 - 10:19 | Link to Comment LongSoupLine
LongSoupLine's picture

Exact equivalence; you destroy someone’s livelihood, and your livelihood shall be destroyed. Such justice would leave a lot of people, and not just bankers — Dick Cheney, John Yoo, Larry Summers, Tim Geithner — with a lot to fear.

 

The realistic execution of "exact equivalence" would be the catastrophic fire bombing of D.C., all Ivy League institutions, Lower NYC, all global financial "centers" and...CNBC studios.

Thu, 04/12/2012 - 10:28 | Link to Comment Lucky Guesst
Lucky Guesst's picture

I can live with that.

Thu, 04/12/2012 - 10:20 | Link to Comment Sleepless Knight
Sleepless Knight's picture

Hang them only after you have found and taken everything they, their partners, their friends, and their famlies own.

Thu, 04/12/2012 - 10:21 | Link to Comment death_to_fed_tyranny
death_to_fed_tyranny's picture

Death by a thousand cuts. With a rusty knife dipped in lye.

Thu, 04/12/2012 - 10:23 | Link to Comment Theta_Burn
Theta_Burn's picture

NO they shouldn't

Loss of ALL assets would be a better consequence

Making them get on the "A" train to commute to a $43,000.00 per yr job, when they used to make that an hr, seems about right.

Or sending them to life in prison (on thier dime)is a close runner up...

Thu, 04/12/2012 - 10:42 | Link to Comment Urban Roman
Urban Roman's picture

Absolutely. Just killing them is letting them off the hook with far too little pain.

They should be required to live in a poor neighborhood, and work for an asshole boss.

Thu, 04/12/2012 - 10:22 | Link to Comment toady
toady's picture

I used to say child molesters like Michael Jackson should get the death penalty. I think I've found my new group to demonize!

Thu, 04/12/2012 - 10:22 | Link to Comment Bullwinkle Moose
Bullwinkle Moose's picture

Death by rectal violation: over a several day period.

Thu, 04/12/2012 - 10:23 | Link to Comment Robslob
Robslob's picture

 

 

1) Pump gold with QE rumors so "those in the know" can sell out higher to pay for losses

2) everything goes down (hi SP 1330...how ya doing?)

3) Early QE notices go out to those in favor of the Fed

4) Hello SP 1500 again

5) Obama gets re-elected

6) Hello SP 1075 in mid - late 2013

Thu, 04/12/2012 - 10:23 | Link to Comment onebir
onebir's picture

"Financial criminals in China are often executed."

If they don't have the right guanxi &/ distribute their proceeds appropriately...

Thu, 04/12/2012 - 10:24 | Link to Comment swissaustrian
swissaustrian's picture

No. Hell is a much too nice place for them.

Sarcasm aside, I'm principally against the death penalty because many innocents get killed and it is biasedly executed against blacks (and other minorities).

Thu, 04/12/2012 - 10:24 | Link to Comment Hannibal
Hannibal's picture

It's imperative that criminal behavior be prosecuted in a just and transperant court of law.

Thu, 04/12/2012 - 10:24 | Link to Comment El
El's picture

I don't think I would go quite so far as to recommend the death penalty (since I am fundamentally opposed to it in just about every way). However, I wouldn't see life in prison as too harsh. Charles Manson was denied parole again. Apparently, they don't let psychopaths out on parole. It should be some type of incarceration that involves manual labor. That sounds about right.

Thu, 04/12/2012 - 10:24 | Link to Comment Bob Sacamano
Bob Sacamano's picture

So who is going to be executed for Solyndra?  Who is going to be executed for the Social Security ponzi?  etc....

Thu, 04/12/2012 - 10:26 | Link to Comment Waffen
Waffen's picture

seems like this would take a very long long list.

it would be a good public catharsis

Thu, 04/12/2012 - 10:47 | Link to Comment Tortuga
Tortuga's picture

All of'em.

Thu, 04/12/2012 - 10:24 | Link to Comment Bastiat009
Bastiat009's picture

Let them fail. Let them lose everything, money, power (and their wives because I can't imagine they're here for the good looks).

I would love to see Blankfein working the night shift at a 7-11. Of course, the ower would have to keep track of the money but that would be very satisfying.

You fail at your job, you get to do something else (after you paid back as much as you could).

Thu, 04/12/2012 - 10:30 | Link to Comment Hobbleknee
Hobbleknee's picture

But they're not doing a job; they're criminals.

Thu, 04/12/2012 - 10:25 | Link to Comment chunkylover42
chunkylover42's picture

It's fun to make jokes about it, but if the question is being asked legitimately, then no (and this is a dumb topic).  While the bankers certainly own a large portion of the blame, so do the individuals that took on mortgages they couldn't reasonbly afford and maxed out credit cards to live beyond their means.  That doesn't mean the bankers shouldn't by punished severely (they absolutely should) but death?  Come on.  When you're using China as the benchmark for behavior, you should probably re-think the idea.

The end of the article gets closer to legitimate approaches of punishment for bankers.  I'm all in favor of ending bailouts, the concept of TBTF, and giving government agencies some teeth to pass more than trivial fines for wrongdoing (which means finding a way to eliminate regulatory capture).

Thu, 04/12/2012 - 10:46 | Link to Comment Tortuga
Tortuga's picture

I'm not joking buddy. If all was right in the world, the people that caused this current misery for so many folks that have lost everything through no fault of their own should be perp walked, RICO'ed and then hung.

Thu, 04/12/2012 - 10:26 | Link to Comment Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture
Extraordinary Popular Delusions and the Madness of Crowds
Thu, 04/12/2012 - 10:26 | Link to Comment Joe A
Joe A's picture

Ain't gonna happen since the whole 'justice' system is in it too.

Thu, 04/12/2012 - 10:26 | Link to Comment Charles Wilson
Charles Wilson's picture

Reaffirm the US Coinage Act of 1792 and set a gold or silver coin weight.

THE DEATH PENALTY TO ANYONE WHO TRIES TO DEBASE THIS CURRENCY.

Gold isn't money?  "How much ya' got to get out of this noose?"

" 'N you can look it up."

 

CW

Thu, 04/12/2012 - 10:26 | Link to Comment Nothing To See Here
Nothing To See Here's picture

Death penalty should come first to statesmen who pass legislation allowing bankers to destroy the economy.

Thu, 04/12/2012 - 10:27 | Link to Comment Tracerfan
Tracerfan's picture

In a civilized country, the answer is "Yes".  Unfortunately, we live in an uncivilized, fascist, kleptocratic failed state.

Thu, 04/12/2012 - 10:27 | Link to Comment bankonzhongguo
bankonzhongguo's picture

All of this goes to the corrupted root of corporatism.

When a corporation "commits a crime"  nothing really happens.  These companies rarely are closed down, maybe a few officers disappear, but the corporation provides the umbrella for perpetual and more outrageous criminal activity.  That is how you get these diseased beasts like Corzine, Blankfein and Madoff.

Considers TARP.  What if the directors, senior management - maybe anyone who made more that 2 standard deviations off the national wage/bonus average had to PERSONALLY GUARANTEE those funds in order to get them - how many would bet THEIR FARM - THEIR CHILDREN'S FUTURE on another government scheme.  Any banker would get the guarantee, promissory note and security agreement of principals to loan a small business a few million. 

Shouldn't the taxpayers have an interest in Hank Greenberg's estate after AIG? 

What about GM, GE, or no-bid contractors that screw around.

With great power comes great responsibility.

The World is going to have to have a spirited blood letting of bankers, corporatists, lobbyists and the smart lawyers that keep them raping the Earth in order to "fix" these ills inflicted upon humanity.

No quarter.

Thu, 04/12/2012 - 11:03 | Link to Comment toady
toady's picture

I could almost, ALMOST, go along with this 'corporations are people ' crap if the boards of these corporations faced prosecution for the crimes of the corporation.

Thu, 04/12/2012 - 10:27 | Link to Comment Turin Turambar
Turin Turambar's picture

Absolutely Yes.

Thu, 04/12/2012 - 10:30 | Link to Comment Magnix
Magnix's picture

Hang them!!

Thu, 04/12/2012 - 10:31 | Link to Comment Lucius Corneliu...
Lucius Cornelius Sulla's picture

Do to the banksters what the Romans did to the followers of Spartacus.  Make I-95 the modern equivalent of the Appian Way.

Thu, 04/12/2012 - 10:31 | Link to Comment Waterfallsparkles
Waterfallsparkles's picture

At a minimum they should have to pay Treble damages to their victims.  When ever a Bank or individual gets fined the Money goes to the State or the Government like the SEC.  The Victims never see a penny of what they lost.  The Government then blocks the individual Suing to get their Money back by not disclosing their files and letting the Perpetrator to deny any wrongdoing.

How about Bear Sterns Executives and employees having to pay out of their pocket all of the Money Shareholders and Bondholders lost from their negligence.

For the Individuals and the Bankers, including the Executives to be personally financially responsible for all of their crimes would be a fitting punishment as they then would live an impoverished life.

Thu, 04/12/2012 - 10:42 | Link to Comment Tortuga
Tortuga's picture

How's about that scumbag in charge of the DOJ RICO (Racketeer Influenced and Corrupt Organizations act) it allows for the leaders of a syndicate to be tried for the crimes which they ordered others to do or assisted them, closing a perceived loophole that allowed someone who told a man to, for example, murder, to be exempt from the trial because they did not actually do it.) the banksters and their whore politicians also, right, Dodd and Graham! If it was good enough for Micchael Milken it ought to be good enough for youse guys and yer ILK. Then the perp walk and hanging in the public square. Go China!

Thu, 04/12/2012 - 11:14 | Link to Comment Waterfallsparkles
Waterfallsparkles's picture

Take their Homes, their Cars, their Furniture and put them on the Street as bums just like they did to so many with their reckless gambling.

Let them eat at soup kitchens for food and stay in shelters when the weather gets below 30 degrees. 

Why put them in Jail with a roof over their head and 3 meals a day.  That is too good for them.

Thu, 04/12/2012 - 10:30 | Link to Comment Rainman
Rainman's picture

Remember what the famous and most powerful Kenyan philosopher said about the banksters: " We cannot prosecute them because they didn't break any laws ".

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