stop bankers from raping the world's economies.
This may be true because Revolutionary France knew
it to be true. The 17th c. Netherlands knew it to be true.
Hamurabi knew it to be true. The Catalans knew it to
be true.
and so, they all killed bankers who stole.
Great!
This idea, put forward forcefully by Max Keiser has
now finally reached a semi-Mainstream source.
Finally!
read 'em: zerohedge
Does Libor Manipulation Deserve The Death Penalty?
Submitted by Tyler Durden on 12/24/2012 09:51 -0500
Bloomberg's
William Cohan released a provocative piece last night, headlined by
the even more provocative "UBS Libor
Manipulation Deserves the Death Penalty." We can only assume that
Cohan is being metaphorical - after all, despite the rare occasional recent
criminal charge no one has still gone to prison for the biggest coordinated
manipulation of a benchmark fixed income market for years: something previously
relegated to the fringes of crackpot conspiracy theories - after all, so many
people were in on it, how can they possibly all keep their mouths shut - you
know, the usual excuse against massive conspiracy theories, at least until they
become conspiracy fact. Yet one wonders: will current and future ongoing market
manipulations ever cease when there is no real deterrent: after all spending a
few years in jail is certainly worth a few million in ill-gotten proceeds, even
assuming the termination of a career in finance. Is Cohan being rhetorical? Or
has the time for some true vigilante justice finally come? Because in a world
increasingly best portrayed by the 2009 movie "The International"
where one has to "go outside" a captured legal system to get real
justice, is vigilantism eventually coming to every town near you, once the
money illusion ends? And a bigger question - is this the main preemptive reason
for the gun control push seen so vividly in recent days and months?
Via Bloomberg:
There is no
point in mincing words: UBS AG (UBSN), the Swiss global bank, has been
disgracing the banking profession for years and needs to be shut down.
... On Dec.
19, the bank paid $1.5 billion to global regulators -- including $700 million
paid to the CFTC, the largest fine in the agency’s history -- to settle claims
that for six years, the company’s traders and managers, specifically at its
Japanese securities subsidiary, manipulated the London interbank offered rate and other
borrowing standards.
