Good riddance to the feckers I say

lkionm wrote: »

1) Pop quiz, what is a credit default swap or sub prime market.
How does a bank create money?
What is the IS/LM model?

2) So you call my argument about alcohol stupid, but surely any sane person should have borrowed only as much as they could afford?

A bit similiar to how you should only drink as much as you can handle.

3) What about the people who banked with Ulster bank, you know they were the only bank to give students an interest free overdraft. Fair enough, this is my only experience of banking with Ulster bank and for collecting bags of change for work which they didnt charge me any service charge even though they were supposed to charge 5 euro.

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1) I am the first to admit that there is much about the banking sector I do not understand nor do I want to...... in the same way that there is much about the ordinary man and woman which the banking sector doesn't understand i.e. why do entities within the sector have to rip people off by engaging in fraud, deception and various corrupt activities.

I couldn't give a flying f**k about IS/LM etc...... I do give a flyng f**k about being a victim of criminal activity.

You are obviously a much more intelligent person than I am..... I thank you for giving your time to setting me right on my misguided ideas regarding what is right and what is wrong.


2) Banks targetted people i.e. students without any means of income and living off student loans, without asking, being bombarded with serious levels of credit via credit cards, etc (just one of many examples)....... whereas I don't know of any pub which 'targets' anyone and gives them copious amounts of alcohol and tell them they can pay later.

And of course if that was the case, you can be sure that many would take the booze on offer and drink themselves into oblivion, and the levels of alcoholism and other huge negatives on lives would prevail.

Your comparison is absurd.


3) Ulster bank...... they didnt charge me any service charge even though they were supposed to charge 5 euro.

Their parent company, RBS, wasn't supposed to engage in the many examples of criminal activity they engaged in........ but they did.

A 5 euro charge...... or massive multi £ billion charge...... mmmm..... I wonder which one should be regarded with the most importance or relevance ?

Again, your comparison is absurd.


Other) You never came back with any justification for your support of significant UK tax dodger Primark/Penneys and the terrible price others pay so you can have your cheap tee shirts, etc.

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I'm not one to jump to any assumptions but there is no way you are an adult?
What I mean is, you sound like an 18 year old rambling on the side of the street trying to make a difference but the man keeps getting you down.

Apologies if you are not and are a fully functional human being.

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So...... what makes you 'an adult'..... or a better adult than me ?

As I have stated previously, I do not imply, never have implied that all bank employees are bad people or deliberately chose to take a career path which brought them into an area of complicity.

Nevertheless...... by definition....... they are.

They provide their services (time and labour) to an organisation which has derived a significant proportion of its revenues and its profits from criminal activity.... FACT !

It's unfortunate, an unpalatable or inconvenient truth........ but as much as for whatever reason some prefer not to acknowledge it, it is the truth

com•plic•it (k m-pl s t)

An individual is complicit in a crime if he/she is aware of its occurrence and has the ability to report the crime, but fails to do so. As such, the individual effectively allows criminals to carry out a crime despite possibly being able to stop them, either directly or by contacting the authorities, thus making the individual a de facto accessory to the crime rather than an innocent bystander.


com•plic•it (k m-pl s t)
adj.
Associated with or participating in a questionable act or a crime; having complicity:

Valetta wrote: »

Read your own thread title lately? :rolleyes:

'As I have stated previously, I do not imply, never have implied that ALLl bank employees are bad people or deliberately chose to take a career path which brought them into an area of complicity'

NTMK wrote: »

How many bank cashiers do you think even know what Libor and swap rate manipulation are?

not ****ing many these thing are done by high up execs (the only people with the power to move enough money to engage in such activities

as for willingly supporting those activities you better throw all your stuff away as nothing you own will have been made without some kind of illegal activity taking place

Jesus

Scenario 1 - I don't work for an 'entity' which is connected to any sort of criminal activity. I don't knowingly work for an entity which is connected to any sort of criminal activity

Scenario 2 - Person a), a bank official) Ah Jaysus, there's my monthly pay cheque..... time to go out and spend some of this hard earned dosh. That's a nice wee tee shirt, I'll have that...... meanwhile some individual Person b) who has worked hard and lost his modest life's savings because of some dodgy bank scam is wondering how he should end his life..... tablets or toaster in the bath, what would be the easiest....... back to Person a), it's not my problem if b) tops himself because of his financial woes... yes, I knew that some of the stuff was asked to do and actually do was wrong, and has contributed to the perilous position some people like Person b) are now in, but I didn't come up with the idea, I simply did as I was told, I was simply doing my job...... now, what colour suits me best, the blue tee shirt or the pink one.......... meanwhile back at Person b)'s place...... Darling, I'm just borrowing the toaster for a while........

lkionm wrote: »

Links or it didnt happen.

I still cant wrap my head around what you are trying to say, mostly due to you adding in words where they do not make any grammatical sense but I got around that and are you trying to tell me the Mexican Cartel are murdering people who work for the company that own Ulster bank?

Now, while we all that we live in a land with no justice system I cannot fathom that. I havent seen any Cartel members going into my branch when I go in.

Maybe lkionm, this sort of 'stuff' is regarded by you as unimportant........ to some, many possibly, I don't think it is.

Maybe you are unable to 'fathom' it.

The 'Cartel members' as you refer to them are probably a wee bit more subtle than flashing their activities and ill gotten gains, etc around your local Ulster Bank branch or any other local branch of any other bank..... I would think.


27th March 2013 - The chairman of AIB, David Hodgkinson, said that 2012 had seen further progress in the “re-establishment of AIB as a stable, soundly functioning bank”.

1st November 2012 - Mr Hodgkinson will receive a relatively modest €500,000 a year, the maximum a bank executive can earn at a bank here supported by the Irish state.

'In 2005 and 2006, HSBC processed about 1,800 U-turn transactions through a correspondent account at JP Morgan Chase & Co. The report quoted an email from HSBC Middle East Deputy Chairman David Hodgkinson saying that HSBC’s U.S. unit was “unwilling to process them for reputational risk reasons.” '

'.....reporters and photographers have chronicled, from both sides of the border, the savage struggle among many Mexican drug cartels for control over the lucrative drug trade to the U.S. The conflict has left thousands dead, paralysed whole cities with fear and spanned a culture of corruption reaching the upper levels......'

'Money laundering is a crime. Aiding and abetting terrorists is a crime'

com•plic•it (k m-pl s t)

An individual is complicit in a crime if he/she is aware of its occurrence and has the ability to report the crime, but fails to do so. As such, the individual effectively allows criminals to carry out a crime despite possibly being able to stop them, either directly or by contacting the authorities, thus making the individual a de facto accessory to the crime rather than an innocent bystander.


com•plic•it (k m-pl s t)
adj.
Associated with or participating in a questionable act or a crime; having complicity:

The report (US Senate Report) quoted an email from HSBC Middle East Deputy Chairman (and current AIB Chairman) David Hodgkinson

*** and still the tills (were) kept ringing ***

One of the report’s largest sections focuses on HSBC Mexico, which shipped $7 billion in cash to HSBC’s U.S. bank in 2007 and 2008 — outpacing all HSBC affiliates and other banks in Mexico and leaving U.S. authorities concerned the volumes could only be supplied by the illegal drug trade, the report said.

Iran Transactions

In the six years until 2006, two HSBC affiliates sent thousands of Iran-involved transactions through the U.S. bank without telling the U.S. bankers they involved Iran. Internal communications show the U.S. bankers were aware that some of the transactions were linked to Iran in violation of U.S. sanctions. Similar transactions came from a list of other prohibited jurisdictions including North Korea, Cuba, Sudan, and Burma.

In 2005 and 2006, HSBC processed about 1,800 U-turn transactions through a correspondent account at JPMorgan Chase & Co. The report quoted an email from HSBC Middle East Deputy Chairman David Hodgkinson saying that HSBC’s U.S. unit was “unwilling to process them for reputational risk reasons.”


1st November 2012 – ‘Mr Hodgkinson will receive a relatively modest €500,000 a year, the maximum a bank executive can earn at a bank here supported by the Irish state’

It's not so much the €500,000, doubtlessly more in 2013, but the fact that evidently an association to money laundering for Mexican drug cartels and their on average of around 10,000 murders per annum, and to other entities which are associated with terrorism, does not, if you're in 'the boys club' perhaps, preclude someone from being passed as fit and proper by the regulator for a big job in banking, end evidently neither does AIB, an Irish 'pillar bank' which is fully owned by the Irish Taxpayer.

Whereas most 'normal', some might say, right thinking people...... probably think it should.

Can it be possible that the Irish taxpayer thinks it acceptable for someone with this sort of baggage to be Chairman of a Taxpayer owned so called 'pillar bank'...... I know I don't think it is ?

At least just a few weeks ago 'Lord' Stephen Green, who was, whilst he was also also at HSBC associated with the same, and then went on to become UK Trade Minister, had the good grace to resign

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from: Daily Mail, 19th June 2013

Ex-HSBC boss who oversaw bank as it laundered money for terrorists quits as a minister after scathing report

However, his continued presence in a key role promoting UK businesses overseas would have been a serious embarrassment to the Coalition as it seeks to reform the banking sector.

The executive who ran HSBC while it laundered money for drug barons and terrorists yesterday quit his new role as a trade minister.

The departure of Lord Green came on the same day that the government pledged to bring in laws to jail bosses of failed lenders.

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Trade Minister Lord Green 'has serious questions to answer' over HSBC money laundering

Today, a Treasury spokesman for the Labour Party challenged Lord Green to reveal if he knows anything about the scandal, which has led to the resignation of the bank’s head of compliance.

“The US Senate sub-committee’s report, which suggests that HSBC allowed money laundering by drug cartels and possibly even terrorists, is so serious that the bank’s head of compliance has already resigned,” Chris Leslie said. He added that Lord Green “now has serious questions to answer about what he knew and when”.

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