Banks are just legal criminals

Post by **kenneal - lagger** » 27 May 2015, 00:43

It looks like this guy is taking the rap for the whole bloody industry. Did no one in a more senior position know what was going on?

biffvernon · Post by **biffvernon** » 27 May 2015, 06:10

That was exactly my thought. What's a chairman and CEO for?

raspberry-blower · Post by **raspberry-blower** » 27 May 2015, 07:51

kenneal - lagger wrote:It looks like this guy is taking the rap for the whole bloody industry. Did no one in a more senior position know what was going on?

This is SYSTEMIC Ken - this trader must have really irked the rest of them which is why he is being "hung out to dry"

It should be the CEOs who should be in the dock first and foremost but that'll never happen, will it?

biffvernon · Post by **biffvernon** » 27 May 2015, 08:35

Only in Iceland.

And the Pirate Party there appears to be leading the opinion polls.

PS_RalphW · Post by **PS_RalphW** » 01 Jun 2015, 15:30

http://www.theguardian.com/business/201 ... us-paradox

Nouriel Roubini calls it like it is.

This is as clear a statement of 'The global banking scheme is a ponzi scheme that is running out of dodges' as I have ever seen written by a member of the banking elite.