Oh, you want actual theft? Laundering money for terrorists and violent criminal gangs isn't enough? http://www.bloomberg.com/news/2012-...r-potential-power-market-manipulation-1-.html you want more fraud? http://money.cnn.com/2012/12/19/news/companies/ubs-libor-us-fine/index.html this is the tip of the iceberg http://www.huffingtonpost.com/2012/08/09/jpmorgan-chase-libor-subpoenas_n_1760015.html
http://articles.washingtonpost.com/...29945_1_libor-rate-interest-rates-ubs-traders http://www.nolo.com/legal-encyclopedia/false-affidavits-foreclosures-what-robo-34185.html http://newsandinsight.thomsonreuter...es_bid_to_end_lawsuit_by_hedge_fund_over_CDO/ The biggest problem is that big finance isn't stealing from their clients. They are stealing from all of us. Big finance is pumping up bubbles, and promoting usury for incredible profits. It demands more and more from the companies it "supports" for funding, tilting societal balance terribly away from a sustainable future towards a torrid present. Bankers are making billions screwing you---pumping your food and oil prices higher, laundering money for the terrorists trying to kill you, and pumping up their balance sheets with so much risk that you have to rescue them. Don't be a sucker. If you're on Wall Street's side, and you're not in Wall Street, you're a sap. Plain and simple.
you liberals suck at analogies. first off, the sheriff would be the regulators. The role of Warren would be played a concerned citizen asking the sheriff why he doesn't capture more serial killers. If a citizen asked the sheriff 'Why he hasn't caught more serial killers?' I believe his response would be 'well tell me what case you are referring to?'. TO which the sheriff would then explain why they haven't caught said serial killer. Now if the dumb citizen had a clue and had done some research she would originally of asked 'Why didn't you find serial killer X?' instead of her dumb vague question.
I feel like you are Audtin Powers and just woke up. That too has already happened. The interest rates on most consumer loans today are determined using LIBOR. That is the London Inter Bank Rate. If you actually think that the NYSE is going to move out of NY, you're delusional.
You are either being intentionally obtuse or you just don't get it. Go back, look at the headlines over the last few years and see the sweetheart deals made between Federal regulators, state AGs and financial institutions. The reason why the institutions are so quick to embrace these deals is that their potential liability in court is much higher. You are stuck on that she did not single anybody out. She was asking the regulators (who know what banks have made deals) why they have not pursued the claims further. Read the headlines on HousingWire, etc and take your pick.
For the third time, mY contention is not that Wall Street firms don't commit crimes. Which claim would she like to see pursued further? oh wait, you don't know. She doesn't know. She just wants any wall street firm CEO to be rung up. Doesn't care who.
I really can't believe you took the time to think that out. Our economy has been destroyed and you are attacking the person trying to hold people accountable. You should be ashamed of yourself.
Didn't take that much time to figure out. who is she trying to hold accountable? what name did she give? what firm? oh wait, that must not be her intention since she didn't try to hold anyone accountable.
Northside Storm has listed several cases which could have been pursued. He listed specific cases, specific firms, and what they've done that was illegal. You've ignored them all. Doc Tal, you really don't have a leg to stand on, and are ignoring the facts presented over and over.
How are they doing this? aren't interest rates low right now? How are banks doing this? To what purpose? It's the promise of rescue that encourages the excessive risk. The left has an ethical contradiction where they want lending standards artificially eased to help the less fortunate, to the point of giving lenders federal backing. Then when it all goes to pot, they malign the lenders for acting rationally. We don't want to artificially encourage risk, but we don't want to artificially discourage it either. Let the lender/borrower sink or swim on their own, as free people. No need to bail them out or prohibit their activity. Those are acts of force that have no place in a free society. The side to be on is free enterprise and free markets. Allow the parties involved to incur risk/reward accordingly, and they will act rationally (or learn how to when they lose their shorts). Outlaw bailouts, guaranteed loans, and subsidies, and you will suddenly see people and institutions act with commensurate prudence (those that don't won't be around very long).
She knows. The regulators know. You ought to know. She is questioning how quickly the regulators are making deals rather than taking violations to trial. Any dolt who has even casually been paying attention knows what deals have been made and with which institutions regarding violations of the regulatory system. The fact that you apparently need it spelled out for you in purple crayon with the r's backwards is just staggering.
You claimed she was holding firms accountable? what firms? you totally dodged. What firms does Warren think are responsible? According to Warren, what firms should I be mad at? If you answer you are just putting words in her mouth since she didn't say herself.
All of the firms that the regulators made quick and toothless deals with, the identity of whom should be readily identifiable to anybody with even a passing knowledge of how all this unfolded. You took an untenable, ignorant position and have apparently married it. Good for you. I hope the two of you are very happy. Where are you registered?
Already answered on Page 2. Do a google search on all the firms that have settled with the SEC over the last 4 years if you don't believe people here.
still dodging. who does Warren think should be tried? what firms? not a difficult question. Saying 'google firms that bribed or settled with the regulators' is not a response.
First I'm hearing of her & her battles. Good for her. Somebody needs to stand up to the collusion that exists between regulators & big business. Hope she repeals this POS which allows the banks to make 35 to 40% off each gallon of gas- among other things: http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000 Wall St is just an abysmal mess.
