Corruption Posted November 12, 2014 Share Posted November 12, 2014 Get caught fraudulent rigging the money markets and at the very worst you'll get the sack http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11223764/Banks-fined-over-2bn-after-currency-rigging-investigation.html Doesnt state how much they made from this scam, i bet its less than the 2 billion in fines thatll get passed onto the customers. Quote Link to comment Share on other sites More sharing options...
Bear Goggles Posted November 12, 2014 Share Posted November 12, 2014 No disincentive to repeat offend. It's not like it's exactly 'their money'. How about starting by making it a criminal offence with the real threat of a custodial sentence? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted November 12, 2014 Share Posted November 12, 2014 Refunds for consumers then? Quote Link to comment Share on other sites More sharing options...
Orsino Posted November 12, 2014 Share Posted November 12, 2014 (edited) Refunds for consumers then? Please, No! I don't know if I can stand these robotic PPI compensation calls much longer. Just slap the offenders with jail time and ban their 'negligent' line managers from the industry. Edited November 12, 2014 by Orsino Quote Link to comment Share on other sites More sharing options...
Corruption Posted November 12, 2014 Author Share Posted November 12, 2014 What you mean like stealing a bottle of water?? As it currently stands stealing a bottle of water is a worse crime. Quote Link to comment Share on other sites More sharing options...
winkie Posted November 12, 2014 Share Posted November 12, 2014 Fines are the new sentences......another ongoing cost to add to the balance sheet.....QE/trickle down/liquidity for the populace.....out of everything bad comes something good. Quote Link to comment Share on other sites More sharing options...
Guest UK Debt Slave Posted November 12, 2014 Share Posted November 12, 2014 (edited) Fining banks is just another indirect taxation on the consumer (and the taxpayer in the case of RBS) since WE will foot the bill. Perhaps Osborne has figured it's just another good way to generate funds for the treasury at the peoples' expense Meanwhile, not a single banker has gone to jail for fraud. Edited November 12, 2014 by UK Debt Slave Quote Link to comment Share on other sites More sharing options...
little fish Posted November 12, 2014 Share Posted November 12, 2014 As it currently stands stealing a bottle of water is a worse crime. Says it all. Sickenly sad. We need change. Quote Link to comment Share on other sites More sharing options...
little fish Posted November 12, 2014 Share Posted November 12, 2014 (edited) Strange sacking at the BoE too. http://www.cityam.com/1415785417/bank-england-fires-currency-dealer-martin-mallett-failing-report-risks-after-forex?utm_source=dlvr.it&utm_medium=twitter All in the timing. edited what is going on with this site? Edited November 12, 2014 by little fish Quote Link to comment Share on other sites More sharing options...
LittlePiglet Posted November 12, 2014 Share Posted November 12, 2014 Cutting off their goolies is the only solution! (RIP Mel Smith). Quote Link to comment Share on other sites More sharing options...
wonderpup Posted November 12, 2014 Share Posted November 12, 2014 As it currently stands stealing a bottle of water is a worse crime Stealing a bottle of water is a threat to the established order of things- bankers are the established order of things. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted November 12, 2014 Share Posted November 12, 2014 Ch4 analysis was good. Osbourne is building a war chest for Autumn statement. Quote Link to comment Share on other sites More sharing options...
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