You Were Not Allowed to Know That Bankers Can Be Jailed

Mainstream media’s well-kept secret

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By Joe Clifford, submitted by Gene Khrushchev

Information Clearing House” – The 2008 financial crises and meltdown occurred because large banks were speculating in fraudulent risky loans that failed. When the meltdown occurred, banks turned to the federal government, who immediately bought into the idea that banks were too large to fail, and taxpayers subsidized banks to the tune of trillions of dollars. No one really knows how much the bailout cost, but here is partial list of banks you generously helped out:

Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Merrill Lynch – $1.949 trillion
Bank of America – $1.344 trillion
Barclays PLC – $868 billion
Bear Sterns – $853 billion
Goldman Sachs – $814 billion
Royal Bank of Scotland – $541 billion
JP Morgan Chase – $391 billion
Deutsche Bank – $354 billion
UBS – $287 billion
Credit Suisse – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion

Taxpayers were not consulted or asked their opinion; it was an example of how fast government can respond to the moneyed class. Even though it was disclosed that banks were lying and speculating in fraudulent loans, including money laundering to drug cartels, no one was indicted or found guilty of any criminal charges, while millions of citizens were ruined. Banks, who had committed a variety of felonies, simply turned to the government and asked with their checkbook, how much do you want to keep our executives out of jail? The government responded by a fine on banks, which amounts to nothing because banks simply pass the fine on to consumers, who pay yet again.

Corporate media has deliberately not informed the US public of how other countries, namely Iceland, faced their crises. If you were told, you might demand we act like Iceland, but if you don’t know about Iceland, you will not demand. Iceland was one of the hardest hit by the bank collapse, but they, unlike us, handled things differently. The first major difference is that Iceland decided since banks speculated and made stupid loans, it was not the responsibility of the taxpayers to bail out irresponsible banks for their stupidity, and therefore decided to allow large banks to fail. The financial world predicted this would cause irreversible difficulty for Iceland, and financiers argued Iceland would never recover from their defiance, but citizens persisted. Despite the warnings, the Icelandic people on two occasions were allowed to vote and decide if they wanted to bail out banks or let them fail. Great pressure was put on the voters by the financial sector, but citizens held fast and democratically voted to let banks fail. We, on the other hand were not given the luxury of a democratic vote; the money was simply taken from taxpayers and handed to banks. The American public, who naively think they have democracy, were not allowed to vote on whether they wanted to bail out large banks; it was just a done deal.

Meanwhile when Iceland refused to bail out banks, they failed. Iceland did have economic problems as a result, but if one compares their economy with the rest of the world, they currently have the strongest economy in Europe. During hard times Iceland shunned austerity and maintained all social programs, allowing people to spend, which of course stimulated the economy. All the doomsday prophecy failed to materialize and today Iceland is stronger than ever.

Icelanders were not done however; they took an even bolder step. They decided to legally prosecute bank leaders who were responsible for the financial collapse of 2008, and so far have put 26 bankers in jail. A novel concept; bankers being held accountable as ordinary citizens. Doesn’t happen here. Banks simply buy their way out of jail time, but little Iceland took a different approach, and so far has found 26 bankers guilty of fraud, and they will serve a total of 74 years in jail. Iceland is not done with their prosecutions.

It would be a democratic concept for the US to hold bankers in the same legal regard as the rest of us, and it would have been very democratic to allow citizens the right to vote and decide if they wanted to pay for a bank bailout, but unfortunately, in this county bankers are our superiors and are not accountable, and we are, apparently, far less democratic than Iceland. Little Iceland is offering great lessons to big USA, but who is listening to the lessons of equality before the law, and the right of the citizens to vote? Not our federal government that’s for sure. We are not even allowed to know what others like Iceland did. Boy are we saps!

Click for SpanishGermanDutchDanishFrench, translation- Note- Translation may take a moment to load.

Kind regards/Vriendelike groete,

Anton Hart

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Posted by on February 5, 2016, With 2973 Reads Filed under Investigations. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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9 Responses to "You Were Not Allowed to Know That Bankers Can Be Jailed"

  1. captain obvious  February 6, 2016 at 5:29 pm

    charge holder for his (many-many-many!) crimes along the way.

  2. captain obvious  February 6, 2016 at 5:27 pm

    a lot of people will barter with ammunition and toilet paper I think..

  3. captain obvious  February 6, 2016 at 5:13 pm

    not only the banksters, but the “politician criminals” who aided the criminal banksters too.
    Iceland SHOULD be the standard to the world, look what has been made to happen to economies of just about every member country of the “EU” by un-elected appointed “officials”.
    no matter what country, economic sabotage is treason. bank bailouts = THEFT! and thats not all… look at all the public lands and reserves the little 10 square mile District of Criminals handed over to the “United NAZI-ons”, I HAVE and the square mileage is equivalent to over the total of our 10 smallest STATES combined. it was never owned by the District of Criminals to begin with!

  4. Jesus Villarreal  February 5, 2016 at 11:53 pm

    OUCH this is a traicion this is the most frau than ever can we see.
    whera are the tesaurus regulators, the congress ?all people are
    working for produe and the people in the gobernment was in the moon?

  5. Carnaptious  February 5, 2016 at 1:48 pm

    “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” Henry Ford

    “If the American people knew what we have done, they would string us up from the lamp posts.” George H.W. Bush

    The trillions of taxpayer dollars paid to bail out banks never appeared as part of the “official” National Debt. I know a good bit about how Federal Reserve banking is said to work, but no one except Fed insiders really knows what the Fed does behind closed doors. One thing is clear, the whole system is fraudulent, “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” Matt Taibbi was speaking of Goldman Sachs, but the sentiment applies to all central (Rothschild) banks.

    After trillions of the banks’ bad debts were bailed out by taxpayers, those same banks continued to relentlessly pursue collections for even small amounts (a few hundred dollars) of debt owed to banks. A program to help mortgage holders who found themselves owing far more than their overpriced homes were worth was abused by banks to funnel yet more money to the vampire squids, leaving home buyers no better off or in even more dire financial straits.

    • Carnaptious  February 5, 2016 at 1:50 pm

      Many simply walked away, giving the banks whatever equity or sale value remained. And remember, the banks created the “money” for home loans by conjuring it out of thin air with a few strokes on a digital keyboard.

      Quantitative easing put trillions more into the hands of criminal bankers who, having already looted trillions, went right back to playing the derivatives game, so the next banker bailout will be even larger than in 2008. That money will come from savings accounts, retirement accounts, and any other place that “smells like money” not already under banker control.

      The $19 trillion of “official” National Debt cannot be repaid, let alone whatever double secret total debt the criminal banking cabal may claim is “owed” to them. The interest on $19 trillion accumulates faster than tax money can be collected to pay it off. The only solution is the one Iceland chose, repudiation of all onerous debt, jailing the bankers, and returning the power of money creation to a public, non-profit institution. But most US citizens are too caught up in Superbowl mania and the spectacle of rigged elections to bother with a trivial matter like their economic future.

    • captain obvious  February 6, 2016 at 5:18 pm

      yes, its why states SHOULD denounce DC and start printing or minting their own currencies, I wouldn’t consider it “secession from the USA”, just divorcing the District of Criminals deficit spending it holds US accountable for and its feral reserve counterfeitting devaluation scam.

  6. mike orin  February 5, 2016 at 9:51 am

    Jail is far too good a place for the rich families that engage in treason to profit themselves. And most of you are too ignorant to know that the subprime operation was just that – a treasonous ploy to rape this country economically. You can find the details in Collateral_Damage_911_Vol__II, exposing the operation as the segue to the Bush’s Israeli nuclear treason. And now you have these superior beings frothing at the mouth to inflict EMP attacks on the grid, and haul us off to FEMA.
    No.
    Establish freedom ON THEIR GRAVES!!!

    • captain obvious  February 6, 2016 at 5:25 pm

      with NAFTA-GATT insider information she jumped aboard Walmart’s board of directors to sell Chinese goods and expand into every little city possible bankrupting all smaller retailers and cancelling millions of those related jobs, ON TOP OF all the skilled workers made unemployed for handing China the technology and production (near all robotic now so those jobs aint ever coming back). now they’re trying to run the multiple felon and traitor for president.. and no one says a word of friggin truth about her?!!

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