In a story so shocking it's not shocking at all, news comes today that six of the too-biggest-to-failiest banks in the entire world worked together in secret to control currency prices, for SIX YEARS, and thus enriched themselves in the process.
The image of some white suburban mother bitch-slapping her banker son in the middle of Wall Street is pretty amusing . . . I really hope someone puts that vid together.
Warren's doing a pretty good job where she is. She's making incremental changes in places Hillary wouldn't touch in any case. Sadly, I don't think Warren could win the presidency; not yet.
$5.8 billion might sound like a lot, but they made a whole lot more than that breaking the laws. At least they'll be able to write that particular cost of doing business off their taxes.
Another interpretation: "We have identified three patsies whose heads will roll and have another two on standby in case that didn't fool enough of you. We'll be watching the wire services closely to determine when the whitewash is complete."
The mothers of these hoods in $1200 suits are not going to slap them when sonny boy hands them the keys to a sweet Jag or Mercedes (and writes off expense of said wheels as a company vehicle)
If the guilty banks are going to be releasing statements about this, can the Royal Bank of Scotland's be read by Groundskeeper Willie? Just a small request...ach!
:puts nerd hat on, then realizes it's on backwards:
Actually, Evan cartels are of course completely normal in the capitalist system and while they are a 'distortion' because they provide barriers to entry and exit so long as they operate within the law they are permissible. The real joke is all of these free market idiots who think corporations are always directly competing who've apparently never heard of game theory, trade groups, etc. But hey the free market morans wouldn't be morans if they admitted unfettered capitalism is as open to distortion by the players involved as Obama's record is to Republicans...
That picture at the top is awesome!
Yeah, damn the Poors for making the bankers do this.
What really makes it offensive is that they don't take back fully the illicit gains, so in the end it's just a fee.
The image of some white suburban mother bitch-slapping her banker son in the middle of Wall Street is pretty amusing . . . I really hope someone puts that vid together.
Warren's doing a pretty good job where she is. She's making incremental changes in places Hillary wouldn't touch in any case. Sadly, I don't think Warren could win the presidency; not yet.
Lobo is a Coton de Tulear. Best dogs on the planet:-)
He'd make them promise not to do it again.
Cost of doing business. They probably budget for it.
Ever buy anything made overseas? You picked up the tab already.
That would be like fairness or justice, 2 things that don't exist on Wall street.
I was shocked, shocked! I tell you when I woke up to see that the sun rose this morning.
$5.8 billion might sound like a lot, but they made a whole lot more than that breaking the laws. At least they'll be able to write that particular cost of doing business off their taxes.
Those wrist slaps sure do hurt.
Another interpretation: "We have identified three patsies whose heads will roll and have another two on standby in case that didn't fool enough of you. We'll be watching the wire services closely to determine when the whitewash is complete."
The mothers of these hoods in $1200 suits are not going to slap them when sonny boy hands them the keys to a sweet Jag or Mercedes (and writes off expense of said wheels as a company vehicle)
If the guilty banks are going to be releasing statements about this, can the Royal Bank of Scotland's be read by Groundskeeper Willie? Just a small request...ach!
:puts nerd hat on, then realizes it's on backwards:
Actually, Evan cartels are of course completely normal in the capitalist system and while they are a 'distortion' because they provide barriers to entry and exit so long as they operate within the law they are permissible. The real joke is all of these free market idiots who think corporations are always directly competing who've apparently never heard of game theory, trade groups, etc. But hey the free market morans wouldn't be morans if they admitted unfettered capitalism is as open to distortion by the players involved as Obama's record is to Republicans...