News Americas, New York, NY, Fri. May 22, 2015: Question … How can you rob a bank and go free?
Answer … Work for one!
And it’s NO different with Barack Obama than any of his predecessors. As you learn again and again in Obama’s America, week after week Barack Obama is playing the same old games as President.
He proved it yet again on Wednesday.
Call it Monopoly for business executives. They always win!
So let’s say Dear Reader you go into a bank tomorrow. No weapons at all and go up to a teller and say “This is a bank robbery give me some money.” Let’s go further and say you did it as a bad joke, or let’s even say you were taking some powerful prescription medication that made you say strange things. IT DOES NOT MATTER. You are going to spend some time in jail …
For attempted bank robbery. If you are lucky, just a few years.
NOT if you are a senior bank executive or even a lesser employee. Even if it is a conspiracy with executives at other banks too! Legally a CRIMINAL conspiracy! And do not think small. Steal BILLIONS even better.
Yow will NEVER go to jail even if you actually confess to and are convicted of a series of crimes involving banks. It gets even better no matter how high the fines you agree to pay GUARANTEED you in fact stole a lot more than you pay. Any way you will make it up quickly in other ways.
What’s that you already know all this?
That is the biggest problem of all banks and other very large corporations do this stuff all the time stealing billions one way or another through one sophisticated scheme or another and they NEVER go to jail, never have and it appears never will even with Barack Obama as President.
How about some other recent history the sub-prime mortgage super-scandal which can close to destroying the entire economy and triggering another Great Depression. How many banking executives went to jail NONE? How much did they and their banks suffer? NOT at all, in that today they are bigger and stronger and more profitable than ever thanks to government, give always to them with Obama as President to “save” the economy.
Did somebody say CORRUPT society? They sure did.
Let me call in my media partner Wall Street Journal again this week.
“Five global banks agreed to pay more than $5 billion in combined penalties and plead guilty to criminal charges to resolve a long-running U.S. investigation into whether traders colluded to move foreign-currency rates for their own financial benefit.”
“The settlements largely close the book on the latest industry wide investigation, one of a steady stream of probes into mortgage misdeeds, manipulative trading behavior and tax evasion. The biggest global banks have paid more than $60 billion in penalties over the past two years to resolve allegations of wrongdoing.”
60 BILLION DOLLARS BUT NO ONE GOES TO JAIL!
“Four of the banks, Barclays PLC, Citigroup Inc., J.P. Morgan Chase & Co. and Royal Bank of Scotland Group PLC, pleaded guilty on Wednesday to conspiring to manipulate prices in the $500 billion-a-day market for U.S. dollars and Euros,” authorities said.
“The possibility of five large banks pleading guilty to criminal charges in a single day—including the largest and third-largest U.S. banks by assets, J.P. Morgan and Citigroup—would have been unthinkable only a few years ago, when executives warned the fallout from such a move would be disastrous to their ability to conduct business.”
GEE … aren’t we lucky they agreed to plead guilty to CRIMES!
But NOBODY goes to jail!!!
“The Justice Department didn’t announce charges against individuals at any of the banks, with Ms. Lynch saying only “that investigation is ongoing.” New York’s financial regulator said it required Barclays to fire eight employees in connection with its resolution.”
RIGHT we’ve heard that before maybe they will charge one sacrificial lamb.
ENCORE …. “The Justice Department didn’t announce charges against individuals at any of the banks, with Ms. Lynch saying only “that investigation is ongoing.” New York’s financial regulator said it required Barclays to fire eight employees in connection with its resolution.”
The Wall Street Journal even included a joke at the end of their article.
“In statements, Barclays, RBS and UBS condemned the actions of a small number of employees and said they are working to improve compliance and controls.”
In a parallel that we don’t live in and where Barack Obama is not President the CEOs of all these banks would be on their way to jail for a long time.
Instead we are stuck in this BAZAAR universe with Barack Obama!
Too bad for us but not big bankers and corporations or Barack Obama.