tag:blogger.com,1999:blog-35658017.post2275861927538326056..comments2024-03-20T00:20:17.851-07:00Comments on Rowans-blog: Reforming the corrupted banking culture.Rowan Bosworth-Davieshttp://www.blogger.com/profile/16384252276434877281noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-35658017.post-85973999916599766782014-09-12T03:31:06.851-07:002014-09-12T03:31:06.851-07:00Wow, great article.Really thank you! Want more.
la...Wow, great article.Really thank you! Want more.<br /><b><a href="http://www.247experttechs.com/" rel="nofollow">laptop repair service</a></b>247experttechshttps://www.blogger.com/profile/15214498137070379590noreply@blogger.comtag:blogger.com,1999:blog-35658017.post-55766639353202959402013-02-06T00:13:18.001-08:002013-02-06T00:13:18.001-08:00Thanks for the mention. I take great solace in kno...Thanks for the mention. I take great solace in knowing that I am not beating this drum alone. Still find it unfathomable that after a plethora of official statements along with FSA and parliamentary inquiries have revealed so much "wrong doing", the boards who chose personal profit at such gargantuan cost to the majority are not being asked to personally redress the situation form their own coffers and not the company ones. However, suspect the water is so muddy by now the ugly truth and nothing but the truth is unlikely to surface. Great post Rowan. http://lifeafterdebts.blogspot.co.uk/2013/02/costs-of-living.htmllifeafterdebthttps://www.blogger.com/profile/00542395196708736628noreply@blogger.comtag:blogger.com,1999:blog-35658017.post-58085463228697106882013-02-05T17:38:13.072-08:002013-02-05T17:38:13.072-08:00Excellent post and set of ideas, Rowan.
However, ...Excellent post and set of ideas, Rowan.<br /><br />However, I must disagree when you write: "This is how the SEC and the DoJ used to work together in the 1980's in Washington, before their powers were diluted and emasculated first by Regan and then by the Bush Jr regimes."<br /><br />Although true Reagan and Bush Jr. diluted laws that actually held financial criminals to account, don't forget that Bush Sr., in the wake of the S&L crisis of the late eighties, rounded-up, prosecuted and then jailed some thousand criminal banksters for their (then) massive frauds which cost US taxpayers upwards of a billion dollars. And no, I'm not mounting a defense of Iran-Contra architect Pappy Bush.<br /><br />Contrast those actions with Clinton and Obama. Glass-Steagel, the US version of the "electrified fence": gone! Lack of regulatory diligence that resulted in Long Term Capital Management, the dot.com bubble, Enron and WorldCom scandals? Hands-off when it came to regulating banksters who market their crappy securitized products. Not to mention wrist-slaps for banks that laundered vast quantities of blood money for drug cartels. Can you say Wachovia and HSBC?<br /><br />And now we come to the Obama DOJ and Treasury. Eric Holder, Lanny Breuer, Timothy Geithner? Craven toadies who haven't prosecuted a single corporate criminal for the greatest financial crimes in history! I urge readers to watch the PBS Frontline investigation, The Untouchables, if you want a glimpse into the Washington impunity cesspool! http://www.pbs.org/wgbh/pages/frontline/untouchables/Antifascisthttps://www.blogger.com/profile/05421707682211445550noreply@blogger.comtag:blogger.com,1999:blog-35658017.post-36226764990245407382013-02-05T09:21:31.745-08:002013-02-05T09:21:31.745-08:00Thank you, Big Bill, very good point. Frankly, I w...Thank you, Big Bill, very good point. Frankly, I was using the term pejoratively to express my dislike of their activities more generally, and to point out, as Lord Lawson did the other night on Newsnight, that bankers are not really that clever or intelligent, they are two a penny, and we would lose nothing if a few of them emigrated. Come to think of it, we would lose nothing if the whole damn cabal emigrated. I agree with your wider point wholeheartedly, they have to be controlled, and the Government really does have to take back the control of the money supply.Rowan Bosworth-Davieshttps://www.blogger.com/profile/16384252276434877281noreply@blogger.comtag:blogger.com,1999:blog-35658017.post-7103508467976136962013-02-05T07:08:29.843-08:002013-02-05T07:08:29.843-08:00The bankers aren't money lenders though, are t...The bankers aren't money lenders though, are they? They're credit creators, and that makes their role in society as money suppliers pivotal. It's too much power for a private cartel over which we as voters have no authority. If they want to be regarded as money-lenders, grubby or otherwise, then let them be just that and nothing more. Let the State, over which we do have some control, take back the power of money creation, and exercise it for the betterment of the community as a whole, not use it as it is now so a few can lord it over the rest of us. Big Billhttps://www.blogger.com/profile/18373906955091066795noreply@blogger.comtag:blogger.com,1999:blog-35658017.post-53364645466291559392013-02-05T06:43:32.578-08:002013-02-05T06:43:32.578-08:00I agree completely with everything that was said i...I agree completely with everything that was said in your blog --- except for the solution. Why can't we have a state/utility bank where we keep our piddling pensions and pay cheques and from which we can pay our bills? Just leave the launderers and fraudsters to do what they like, twisting each other and unsuspecting victims --- but allow us ordinary mortals to bank in a utility... get us away from these damned leeches!Anonymoushttps://www.blogger.com/profile/05322515747127818470noreply@blogger.com