Banks Need Less Regulation? Someone Explain this Bulll

Discussion in 'Politics' started by ClosedCaption, Jul 2, 2012.

  1. ClosedCaption
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    ClosedCaption Diamond Member

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    Banking scandal: how document trail reveals global scam | Business | The Observer

    Someone explain this in laymans terms. Libor? Derivatives?

    Where is g5000?
     
  2. kiwiman127
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    kiwiman127 Comfortably Moderate Supporting Member

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    Considering all the court cases the Big Banks lost involving mortgage fraud, there is no reason less regulations are on anybody's table,,but amazingly,,,,it is.
     
  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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    4 Biggest Banking criminals make Bernie Madoff look like a patzer
     
  4. ClosedCaption
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    ClosedCaption Diamond Member

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    Thanks Crusader! For nothing.
     
  5. Truthmatters
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    Only idiots who are under the spell of corporate propaganda think deregulation is good
     
  6. Mad Scientist
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    Mad Scientist Feels Good!

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    Not enforcing the law is even worse wouldn't you say?

    Please name ONE banker put in jail since the Market Meltdown in 2008.
     
  7. ClosedCaption
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    ClosedCaption Diamond Member

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    There in lies the problem
     
  8. Truthmatters
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    actaully I think a few have gone to jail
     
  9. CrusaderFrank
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    CrusaderFrank Diamond Member

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    They manipulated LIBOR...that is like American banks manipulating the prime...it's almost beyond comprehension that they could do that
     
  10. Wry Catcher
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    Wry Catcher Platinum Member

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    There are more ways to skin a skunk than one. If each one of us moves our money and business to a local, small bank or credit union some of those bankers will need to get a real job. Charging interest on loans of ten, fifteen and twenty percent or more, charging fees for services once free and paying interest of less than one percent maybe not be criminal but if it look like a loan shark and acts like a loan shark you can bet it's a loan shark.
     

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