Criminal Bankers

Above the Law ~ ~ ~ Too Big To Jail

January 2013

UPDATED: April 2017
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Bankers have a history of committing fraud, especially over the past decade. Yet not one top executive-level banker has been personally punished. In fact, none have even lost their job. They just dip into the banks' coffers for a "get-out-of-jail-free" card (multi-million / multi-billion dollar check drawn on the bank) and present it to the government. Then it's back to business as usual.

Not until we make the punishment strong enough for those in the No. 1 executive position at our nations' banks will this kind of bank robbery cease. When a John Stumpf (Wells Fargo), Dick Kovacevich (Wells Fargo), Lloyd Blankfein (Goldman Sachs), Henry Paulson (Goldman Sachs), Brian Moynihan (BofA), Ken Lewis (BofA), Vikram Pandit (Citigroup), Jamie Dimon (JP Morgan), John Mack (Morgan Stanley) or John Thain (Merrill Lunch) is sentenced to a lengthy jail sentence along with an extremely large personal fine, things will begin to change very quickly.

Our Governments' Attitude:

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Much Bank Crime, Little Punishment:
Wall Street banks made a bundle on securitized subprime mortgages until the bubble began to burst in 2007 inflicting devastating harm on average people around the world. Yet, despite government rhetoric to the contrary, the key culprits have escaped punishment.

The "Punishments" for the Crimes:
And No Top Banker EVER Goes To Jail

Oh, WOW! The SEC is now demanding that companies admit wrongdoing. Can we now simply demand that armed bank robbers "admit wrongdoing", then let them walk free?!?
Bart Naylor on Mega Banks That Are
Too Big to Fail, Too Big to Jail, Too Big to Manage And Too Big to Regulate

His fix? Break up the big banks. Slow the revolving door. Don't let the banks gamble with taxpayer insured deposits. Jail time for bank executives who commit crimes. And increase capital requirements from five percent to twenty percent.

NOTE: Some of the above reports may be repeated below from other articles.
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