When the Banker’s Go To Jail

(News & Editorial / When Bankers Go To Jail)

Thomas Jefferson said (quote):
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

The World’s Safest Banks In 2012
Pasted from <http://www.therichest.org/world/safest-banks/&gt;
According to Global Finance survey of the World’s 50 Safest Bank in 2012, American banks are really not safe at all, at least compared to other countries. Not a single U.S. bank figured in the top 20. Almost forty percent of these banks were European; including Credit Agricole in France and Banco Santander in Spain.
Global Finance has been compiling a list of the World’s 50 Safest Banks for the past 21 years . Rankings are determined by long-term credit ratings and analysis of total assets owned by the 500 largest banks in the world.

Top-10 World’s Safest Banks in 2012:
1. KfW– (Germany)
2. Bank Nederlandse Gemeenten(BNG) – (Netherlands)
3. Zürcher Kantonalbank – (Switzerland)
4. Landwirtschaftliche Rentenbank – (Germany)
5. Caisse des Dépôts et Consignations (CDC) – (France)
Tie* 6. Landeskreditbank Baden-Württemberg Förderbank (L-Bank) – (Germany)
Tie* 6. Nederlandse Waterschapsbank – (Netherlands)
7. Banque et Caisse d’Épargne de l’État – (Luxembourg)
8. Rabobank Group – (Netherlands)
9. NRW.Bank – (Germany)
10. Royal Bank of Canada (RBC) – (Canada)
11. Toronto-Dominion Bank (TD Bank) – (Canada)
Tie* 12. National Australia Bank – (Australia)
Tie* 12. Commonwealth Bank of Australia – (Australia)
13. Westpac Banking Corporation – (Australia)
14. Scotiabank (Bank of Nova Scotia) – (Canada)
15. DBS Bank – (Singapore)
16. Oversea-Chinese Banking Corporation – (Singapore)
17. United Overseas Bank – (Singapore)
18. Caisse centrale Desjardins – (Canada)
19. HSBC Holdings – (United Kingdom)
20. Nordea Bank – (Sweden)
[See complete list on Global Finance]
(end article)

It may be that part of the reason why not one US bank is listed in the “Top-10 World’s Safest Banks in 2012”, despite our decades of global “leadership”, is seen in the “indicator” headlines that follow [Mr. Larry]:

•  Why it might be time to break up big banks, 19 July 2012
•  Nacogdoches banker pleads guilty to stealing from customer, 20 July 2012
•  Senate Probe Finds HSBC Allowed Terrorists, Criminals to Launder Billions, 17 July 2012
• New Fraud Inquiry as JPMorgan’s Loss Mounts , 13 July 2012
• Banks implicated in the Libor-fixing scandal will likely take billions more in losses as a result of pending litigation, 13 July 2012
• U.S. banks face criminal probe into global interest rate-fixing scheme as Barclays blows the whistle on America’s financial giants, 30 June 2012
• DC council chairman charged with bank fraud-Fox News, 6  June 2012
• How Bank of America Execs Hid Losses, 4 June 2012
• Abacus Bank Charged With Mortgage Fraud, 31 May 2012
• The Federal Government And 49 States Settle Lawsuit Against Banks Over Questionable Mortgage Foreclosure Practices, 18 April 2012
• Mortgage Investigation Consistently Hindered By Major U.S. Banks: HUD IG, 13 March 2012

National governments give bankers leeway to increase owner profits by eliminating hard currency and passing loose lending laws, the banks run with the freedom, they go rogue with greed and risk and run into financial trouble; the public finds that something is wrong and gather at the bank to withdraw their hard earned money.  The government (your taxes or the non government, “Federal Reserve’s” loose printing press policies, create money (not value) to cover the bank’s “private losses”, which have now become “public losses”).
National governments pass new laws to “control” the bankers,  more laws are passed to protect public depositors. However, there remains something of a collusive relationship between the two, between higher branches governments and the bankers.
When  government allows bankers to make national financial policy, national elected bureaucrats are exonerated from making “job threatening”  tough decisions. When the banks eventually fail, and they ALWAYS do,  these same politicians blame the banks for the financial state of affairs. The cycle begins anew.
The current cycle isn’t over yet. US bankers led by the Federal Reserve are still in charge of US financial policy. Possibly due to derivatives, the cycle should finish with a blow off to the downside within in a couple years. The USA, along with other financial centers around the world will take a new round of serious losses, every economic block blaming the other – so in effect, every government remains relatively blameless.
Despite the headlines and somber television news, its you and your neighbors who lose, everyone on Main Street and their neighbors – globally. We, the People, are the resources that make money from our labor in the environment. It is what we have made that is destroyed and what we make that is rebuilt upon.  [Mr. Larry]

The following images of bank runs
1) top right, Saeman Savings, New York City, 1857; 2) Montreal Canada, 1872; 3) New York City, 1912; 4) bottom right, Detroit, 1933.

When the Bankers go to Jail
Submitted by The Peak Oil Poet (not verified) on Sun, 07/15/2012 – 19:34.

the Bible tells us not to steal
it’s there in black and white
our laws are based upon it too
do not do wrong – do right

but somehow since these laws were writ

we’ve seen the system fail
but things will change for all the best
when the bankers go to jail

when the bankers go to jail my friends
when the bankers go to jail
we’ll finally see justice done
when the bankers go to jail

when the vampire squid has been deep-fried
in the slime of Bernank’s words
when politicians tell the truth
and not be lying turds

when “austerity” applies to them
and fairness does prevail
we’ll finally see justice done
and the bankers go to jail

when the bankers go to jail ee-hah
when the bankers go to jail
we’ll all be dancing in the streets
when the bankers go to jail

if all was as it ought to be
when any business fails
investors take a haircut
amid their tears and wails

but in our mean kleptocracy
that the MSM does hail
the working class pay all the bills
and no banker goes to jail

when the bankers go to jail dear God
when the bankers go to jail
the haircuts will be number ones
when the bankers go to jail

we’re predators i must admit
it’s human nature too
to seek a better living for
our wives and children too

but animals we’re not you see
it not just fine detail
we keep the law, control ourselves
and the bankers go to jail

yes you bankers go to jail you thieves
all you bankers go to jail
you’ll be some brother’s jail-house bitch
when you bankers go to jail

you may think it’s a silly dream
to think of their demise
they’re oh so very powerful
and every banker lies

but one day soon we’ll overthrow
and have them by the tail
we’ll tar and feather all of them
and send them all to jail

when the bankers go to jail for good
when the bankers go to jail
we’ll hear the bells of freedom ring
when the bankers go to jail



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