Top american investigator says Ireland should jail bankers

steddyeddy · 22-04-2011 03:43PM #1

American investigator Bill Black is responsible for jailing thousands of top-level bankers in the United States.
He says the top bankers here influenced and lied to the regulators.

Interview here

http://www.newstalk.ie/2011/news/5top-investigator-says-ireland-needs-to-prosecute-bankers48/

Naikon · 22-04-2011 03:45PM

Can we play something other than state the obvious for a while? Max Keiser mentioned this fact back in November ffs.

steddyeddy · 22-04-2011 03:46PM

Naikon wrote: »

Can we play something other than state the obvious for a while? Max Keiser mentioned this fact back in November ffs.

Im glad he mentioned it in his book that makes everything ok! Seriously they broke the law its not good enough that their still walking the streets.

Naikon · 22-04-2011 03:49PM

steddyeddy wrote: »

Im glad he mentioned it in his book that makes everything ok! Seriously they broke the law its not good enough that their still walking the streets.

It sucks that this country is rotton to the core. At least "The Americans" have their priorities right. As a country, they don't take ****. Immigration especially. These guys won't be jailed.

Da Shins Kelly · 22-04-2011 04:09PM

Naikon wrote: »

It sucks that this country is rotton to the core. At least "The Americans" have their priorities right. As a country, they don't take ****. Immigration especially. These guys won't be jailed.

They should be jailed and won't be, but I woudn't be under the illusion that Americans "have their priorities right". They're f*cked up too, over there - poverty, racism, serious class inequality, religious fundamentalism, endless wars, messed up politics. We have our problems, but the enormity of the problems in America make me quite happy to be living here rather than there.

Naikon · 22-04-2011 06:00PM

Da Shins Kelly wrote: »

They should be jailed and won't be, but I woudn't be under the illusion that Americans "have their priorities right". They're f*cked up too, over there - poverty, racism, serious class inequality, religious fundamentalism, endless wars, messed up politics. We have our problems, but the enormity of the problems in America make me quite happy to be living here rather than there.

I agree. America is essentially a police state. I should not have said "they have their priorities straight". It's just I noticed how serious the authorities are when it comes to policing. Honestly, I feel safer here than the states, simply due to the reduced number of orwellian rules. Corrupt as **** or not, they take no ****.

orourkeda · 22-04-2011 06:05PM

Naikon wrote: »

Can we play something other than state the obvious for a while? Max Keiser mentioned this fact back in November ffs.

The boul max is on top of his sh1t

ilovesleep · 22-04-2011 06:10PM

So how about an all out strike to make this happen. Stockpile food and other necessary supplies. And dont go to work. Europe cannot let ireland default. An all out strike and our policitians will stand the fcuk up and do whats needed. Or are irish people too greedy for a strike.

RachaelVO · 22-04-2011 06:40PM

I can't see any of the bankers quaking in their boots at this... not one of the w*nkers are going to see the dock, not one!!!

Zebra3 · 22-04-2011 06:41PM

steddyeddy wrote: »

American investigator Bill Black is responsible for jailing thousands of top-level bankers in the United States.

Thousands?

Really?

Fight_Night · 22-04-2011 06:42PM

Naikon wrote: »

I As a country, they don't take ****. Immigration especially. These guys won't be jailed.

Off topic but they are not close to having their illegal immigration problem under control and it is far worse than ours.

ilovesleep · 22-04-2011 06:45PM

RachaelVO wrote: »

I can't see any of the bankers quaking in their boots at this... not one of the w*nkers are going to see the dock, not one!!!

If this is the case, Im going to say - UP DOLE SCROUNGERS. At least they are not working and paying tax towards such corruption. The irish taxpayers are fools

RichieC · 22-04-2011 06:45PM

Fight_Night wrote: »

Off topic but they are not close to having their illegal immigration problem under control and it is far worse than ours.

Who is? America? There's at least 12 million illegals in the US, getting rid of all of them would be one of the biggest etnic cleansing projects ever undertaken.

*I may have misread your post and am tucking into some humble pie now

RachaelVO · 22-04-2011 06:49PM

ilovesleep wrote: »

If this is the case, Im going to say - UP DOLE SCROUNGERS. At least they are not working and paying tax towards such corruption. The irish taxpayers are fools

Not a bad way of thinking...

metamorphosis · 22-04-2011 06:51PM

not to mention that the US has a population of abouts 300 million, whereas we have, what, under 5 million??

pragmatic1 · 22-04-2011 06:57PM

No one will go to jail in this country. The corruption goes to deep. In Ireland there really is one law for the elite of society and another for the rest of us.

God... · 22-04-2011 06:59PM

Da Shins Kelly wrote: »

They should be jailed and won't be, but I woudn't be under the illusion that Americans "have their priorities right". They're f*cked up too, over there - poverty, racism, serious class inequality, religious fundamentalism, endless wars, messed up politics. We have our problems, but the enormity of the problems in America make me quite happy to be living here rather than there.

Got to be honest, I'm well happier living in America :pac:

But yes I do agree with you about everything else, some states are a hell of a lot worse off than Ireland!!

ilovesleep · 22-04-2011 07:05PM

pragmatic1 wrote: »

No one will go to jail in this country. The corruption goes to deep. In Ireland there really is one law for the elite of society and another for the rest of us.

Well then we are entitled to defraud the state. The IMF and the ECB will never see their money back, therefore its a european problem. Surely there must be some sort of european law for this. European court of justice and all that. Whats happening here in this country at the top is sending a message that its ok to defraud. Are there any racism laws here in this country. Its racism pure and simple to go after the little men and the ordinary joe soaps for not paying a tv license as an example and then to allow these fat cat bankers to walk away free.

steddyeddy · 22-04-2011 07:24PM

metamorphosis wrote: »

not to mention that the US has a population of abouts 300 million, whereas we have, what, under 5 million??

So the fact we have a smaller population should come into play when people break the law?

pragmatic1 · 22-04-2011 07:43PM

ilovesleep wrote: »

Well then we are entitled to defraud the state. The IMF and the ECB will never see their money back, therefore its a european problem. Surely there must be some sort of european law for this. European court of justice and all that. Whats happening here in this country at the top is sending a message that its ok to defraud. Are there any racism laws here in this country. Its racism pure and simple to go after the little men and the ordinary joe soaps for not paying a tv license as an example and then to allow these fat cat bankers to walk away free.

Its always been ok to commit fraud in this country. Check how many people have gone to jail for fraud in the history of the state. Its a hard pill to swallow but thats just the way it is in this country. The legal profession are very much to blame for this.

michael999999 · 22-04-2011 07:47PM

ilovesleep wrote: »

Well then we are entitled to defraud the state. The IMF and the ECB will never see their money back, therefore its a european problem. Surely there must be some sort of european law for this. European court of justice and all that. Whats happening here in this country at the top is sending a message that its ok to defraud. Are there any racism laws here in this country. Its racism pure and simple to go after the little men and the ordinary joe soaps for not paying a tv license as an example and then to allow these fat cat bankers to walk away free.

Do you know the definition of racism?

Sonics2k · 22-04-2011 07:52PM

ilovesleep wrote: »

Well then we are entitled to defraud the state. The IMF and the ECB will never see their money back, therefore its a european problem. Surely there must be some sort of european law for this. European court of justice and all that. Whats happening here in this country at the top is sending a message that its ok to defraud. Are there any racism laws here in this country. Its racism pure and simple to go after the little men and the ordinary joe soaps for not paying a tv license as an example and then to allow these fat cat bankers to walk away free.

I kinda agreed with you up until you said racism.

Do you actually know what racism is, or do you just like throwing buzz words around?

ilovesleep · 22-04-2011 07:58PM

Discrimination would be a better word to use there.

oppenheimer1 · 22-04-2011 08:00PM

If they committed a crime they should be tried and punished. However no matter the size of a company, running it into the ground is not a crime.

mr.mickels · 22-04-2011 08:01PM

I would be all in favour of jailing them, and any of the banker/developers who signed over money to a spouse or family member to escape having to repay debts should have that money reclaimed. I would also be in favour of seeing Bertie, Cowen and Lenihan going to jail for their part in telling lies to the taxpayer and stealing/squandering the wealth of the nation

ilovesleep · 22-04-2011 08:08PM

oppenheimer1 wrote: »

If they committed a crime they should be tried and punished. However no matter the size of a company, running it into the ground is not a crime.

But lieing can be fraud, which is exactly what bankers did - cooking their books.

Say for example I was to fill up a form for a driving license and gave false information and false documentation. i was successful at getting that license and i went on a rallying spree in a city killing thousands. Thats fraud and badness of the highest order.

Bankers cooked their books, ran an entire economy into the ground which we will be paying for and threatened the entire euro project.

steddyeddy · 22-04-2011 08:10PM

ilovesleep wrote: »

But lieing can be fraud, which is exactly what bankers did - cooking their books.

Say for example I was to fill up a form for a driving license and gave false information and false documentation. i was successful at getting that license and i went on a rallying spree in a city killing thousands. Thats fraud and badness of the highest order.

Bankers cooked their books, ran an entire economy into the ground which we will be paying for and threatened the entire euro project.

They lied to the regulator which is a serious crime as is cooking the books.

oppenheimer1 · 22-04-2011 08:14PM

ilovesleep wrote: »

But lieing can be fraud, which is exactly what bankers did - cooking their books.

Say for example I was to fill up a form for a driving license and gave false information and false documentation. i was successful at getting that license and i went on a rallying spree in a city killing thousands. Thats fraud and badness of the highest order.

Bankers cooked their books, ran an entire economy into the ground which we will be paying for and threatened the entire euro project.

Be specific. What lie did they tell the regulator? They cooked their books yet the auditor signed off on them?

No report has come out and said it was fraud was the cause of the problems, it was regulatory oversight and in-understanding of just the amount of risk the banks were taking on.

ilovesleep · 22-04-2011 08:15PM

This is a european problem if you ask me. Ireland is doing nothing to punish these bankers. There is nothing to stop these rats of setting up banks in say for example eastern europe and ruinning their economies. Isn't AIB already over in Poland.

ilovesleep · 22-04-2011 08:29PM

oppenheimer1 wrote: »

Be specific. What lie did they tell the regulator? They cooked their books yet the auditor signed off on them?

No report has come out and said it was fraud was the cause of the problems, it was regulatory oversight and in-understanding of just the amount of risk the banks were taking on.

They lied by showing 'healthy books'. Is it not known seanie fitzpatrick removed his loans to make his books look healthy. Same way as I lied giving false info and documentation to obtain a driving license and going on and killing thousands.

pragmatic1 · 22-04-2011 08:32PM

oppenheimer1 wrote: »

Be specific. What lie did they tell the regulator? They cooked their books yet the auditor signed off on them?

No report has come out and said it was fraud was the cause of the problems, it was regulatory oversight and in-understanding of just the amount of risk the banks were taking on.

Going by whats been said in the media, the banks lied about the extent of their problems before the guarantee. So either the bankers were telling fibs or last government were very much aware of what was going on. I'd say both. Brian Cowen thinks people believe that at a time when the financial stability of the country was in serious difficulty, he went golfing with one of the chief perpetrators and they didnt discuss Anglo. GTFO.

Top american investigator says Ireland should jail bankers

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