@The Aspie Corner

Abolish the stock market.

Better still, nationalize, tax and re-regulate it.

We didn't have this kind of problem during the Presidencies of FDR to Ford.

Ronny Raygun and Bubba Clinton did this to us by deregulating and privatizing everything.

[video:https://www.youtube.com/watch?v=RLySXTIBS3c]

@Pluto's Republic
There must be millions of everyday people with deposits. Surely they must pay.

...at such an inconvenient time. Who gets to keep the penalties, I wonder?

Clearly, it's too big to fail. Steps will need to be taken....

@chuckutzman

have enough money between them to cover whatever they're getting themselves into.

No more corporate criminal welfare from people/publics having nothing to do with creating the problems they themselves set up, lobbied for and dove into, though.

Let's see some personal responsibility and boot-strap-tugging out of these banksters from here on in.

Maybe the various publics could start repossessing some recklessly run financial institutions for pennies on the billion to nationalize the suckers?

From your link:

http://wallstreetonparade.com/2018/05/wall-street-banks-tank-yesterday-a...

...The Federal Reserve, the primary regulator of these Wall Street bank holding companies, is not just missing in action in terms of stemming the potential for contagion like that which occurred in 2008, it’s actually making matters worse. Reuters reports that today the Fed will begin to propose rules to water down the Volcker Rule – the part of the Dodd-Frank financial reform legislation of 2010 that was meant to curtail Wall Street’s use of Federally insured deposits to make risky bets for the house. The rule provided so many loopholes that it has never been a serious threat to Wall Street.

The Fed also provided a windfall last June to these Wall Street banks. Following the Fed’s Comprehensive Capital Analysis and Review stress tests (CCAR), it allowed these Wall Street behemoths to erode their capital through enormous share buybacks and increases in their cash dividends to shareholders. The Fed’s actions ignored the massive concentration of derivatives held by these handful of firms. ...

...Potential contagion from European bank losses, Deutsche Bank’s woes and interlinkages between Wall Street banks are not the only sources of concern. Another alarm bell that sounded yesterday was that MetLife, a large insurer, appeared to be trading with the Wall Street herd. It lost 5.27 percent of its market cap. In January, the Trump administration dropped its court fight to keep the designation of MetLife as a SIFI (systemically important financial institution). Prudential Financial, another large insurance company that retains its SIFI designation, lost 5.05 percent of its market value yesterday.

It should be remembered that the SIFI designation of large insurance companies grew out of the fact that the U.S. taxpayer had to bailout another giant insurer, AIG, to the tune of $182 billion during the height of the financial crisis. Almost half of that sum went out the backdoor of AIG to the coffers of Wall Street banks and their global cousins who had made AIG a counterparty to pay off on their credit default swap derivative trades. Despite the epic financial crisis of 2008, the worst since the Great Depression, neither the public nor the Federal regulators know exactly who’s on the hook for Wall Street’s over-the-counter credit default swaps today and how much of a threat that poses to financial stability in the U.S. This is a Congressional, regulatory and leadership failure that is unprecedented in U.S. history.

Well, the American taxpayer didn't do this and, even if they were in business to do so, as they are not, would never have indemnified such bad risks without adequate regulation to prevent precisely such as this, together with the removal and trial of those responsible; therefore the government representatives of Wall St., who clearly do not represent American citizens, ought also to be held personally liable.

Even if it's not possible for the American people to sue those responsible or to have the lot held liable or even bunged out as incompetents, outrage and a demand for all of the above and/or anything the better-informed can think of ought to be blasted all over the internet and newspapers.

At the least, make the buggers nervous, as that seems to be the only negative consequence any of them might potentially suffer.

http://wallstreetonparade.com/2018/05/wall-street-banks-tank-yesterday-a...

@Azazello
it only lends him Russian deposits.

Deutsche Bank is the only bank that will still lend to Deadbeat Donnie Trump ?

@Mark from Queens

And what I loved most about them is the idea that the secretaries, the IT staff, and the guys in the mailroom who worked for those banks and who walked past the mugshots every morning, created a whispering campaign at work that made its way up to the bankers on the floor.

The greatest insult of Occupy Wall Street to TPTB, is that the movement began right on their front lawn. I'm only sorry I was not working for Goldman Sachs at that time, for I'm sure I would've been fired by what I would've felt compelled to say out loud to anyone within earshot.

The only idea I have is to create the same kind of mugshots, enlarge them to poster size and show up near the subway exits down there during morning rush hour holding them up, day after day, after day. Hell, if I still lived in New York, I'd do it.

...against money laundering, terrorist financing and sanctions, according to confidential findings by the UK's financial watchdog, which had already put the lender in supervisory "special measures".

Class action lawsuit against Deutsche Bank Press Release:

...on May 1, 2016, The Financial Times published an article entitled "FCA warns Deutsche on 'serious' financial crime control issues", stating that the United Kingdom's Financial Conduct Authority ("FCA") sent a letter to Deutsche Bank on March 2, 2015, accusing it of having "serious" and "systemic" failings in its controls against financing terrorism, money laundering, aiding against international sanctions, and committing financial crimes. The FCA stated that its investigation uncovered, among other things, incomplete documentations, lack of monitoring, and influencing staff to take actions related to specific clients, which all amounted to a "serious" and "systemic" controls failure. On May 1, 2016, Bloomberg published a similar article entitled "Deutsche Bank Said to Be Faulted by FCA Over Lax Client Vetting", stating that the FCA faulted the Company for "serious" lapses in efforts to thwart money laundering and criticized the Company's ability to verify client's abilities and goals, or ensure that it wasn't aiding organizations subject to international sanctions.

Deutsche Bank fined $630m over Russia money laundering claims: Authorities in US and UK issue fine after saying bank used offices in Moscow and London to move $10bn out of country

How many more times can these TBTF Banks be accused of aiding and abetting terrorist organizations, laundering money for oligarchs and drug dealers and when faced with potential prosecution, just pay a fine and admit no guilt and get back to business as usual? While tens of thousands wallow in jail for marijuana possession and low level offenses.

The public has been conditioned to think of criminals as those who either wear Middle Eastern scarves or have baggy pants or wear hoodies. Reframing that picture - that the real terrorists almost exclusively wear 3-piece suits - is the job we need to do. The image of a slick businessman in an expensive suit is the image of who the real enemy is.

One of my favorite things at Occupy was a corner of Zuccotti Park onto which there were plastered the faces of the top bank CEO's as mugshots with all their crimes listed underneath. We need to see who these fuckers are, not let them remain faceless and anonymous, and start aggressively hounding (or at least mocking) these pampered, privileged scumbags everywhere they go. Any ideas?

@Mark from Queens
Their raison d'etre?

...against money laundering, terrorist financing and sanctions, according to confidential findings by the UK's financial watchdog, which had already put the lender in supervisory "special measures".

Class action lawsuit against Deutsche Bank Press Release:

...on May 1, 2016, The Financial Times published an article entitled "FCA warns Deutsche on 'serious' financial crime control issues", stating that the United Kingdom's Financial Conduct Authority ("FCA") sent a letter to Deutsche Bank on March 2, 2015, accusing it of having "serious" and "systemic" failings in its controls against financing terrorism, money laundering, aiding against international sanctions, and committing financial crimes. The FCA stated that its investigation uncovered, among other things, incomplete documentations, lack of monitoring, and influencing staff to take actions related to specific clients, which all amounted to a "serious" and "systemic" controls failure. On May 1, 2016, Bloomberg published a similar article entitled "Deutsche Bank Said to Be Faulted by FCA Over Lax Client Vetting", stating that the FCA faulted the Company for "serious" lapses in efforts to thwart money laundering and criticized the Company's ability to verify client's abilities and goals, or ensure that it wasn't aiding organizations subject to international sanctions.

Deutsche Bank fined $630m over Russia money laundering claims: Authorities in US and UK issue fine after saying bank used offices in Moscow and London to move $10bn out of country

How many more times can these TBTF Banks be accused of aiding and abetting terrorist organizations, laundering money for oligarchs and drug dealers and when faced with potential prosecution, just pay a fine and admit no guilt and get back to business as usual? While tens of thousands wallow in jail for marijuana possession and low level offenses.

The public has been conditioned to think of criminals as those who either wear Middle Eastern scarves or have baggy pants or wear hoodies. Reframing that picture - that the real terrorists almost exclusively wear 3-piece suits - is the job we need to do. The image of a slick businessman in an expensive suit is the image of who the real enemy is.

One of my favorite things at Occupy was a corner of Zuccotti Park onto which there were plastered the faces of the top bank CEO's as mugshots with all their crimes listed underneath. We need to see who these fuckers are, not let them remain faceless and anonymous, and start aggressively hounding (or at least mocking) these pampered, privileged scumbags everywhere they go. Any ideas?