Mainstream Economist: We Might Need to Hang Some Bankers to Stop Criminal Looting

[Huey P. Long]

Mainstream Economist: We Might Need to Hang Some Bankers to Stop Criminal Looting
Posted on July 8, 2012 by WashingtonsBlog

Even Nouriel Roubini Says We Need to Jail or Hang Some Bankers
Nobel prize winning economist Joe Stiglitz – and many other experts – have said nothing will change unless dishonest bankers are jailed.

Former trader Max Keiser has been calling for years for crooked bankers to be hanged, to send a message that crime won’t be tolerated.
But Nouriel Roubini is a lot more mainstream than Keiser – or even Stiglitz – being very close to Treasury Secretary Tim Geithner. See this and this.

Roubini told Bloomberg that nothing has changed since the start of the financial crisis, and we might need to throw bankers in jail – or hang them in the streets – before they’ll change:

Nobody has gone to jail since the financial crisis. The banks, they do things that are illegal and at best they slap on them a fine. If some people end up in jail, maybe that will teach a lesson to somebody. Or somebody hanging in the streets.

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I noted 7 years ago:
I am NOT calling for the overthrow of the government. In fact, I am calling for the reinstatement of our government. I am calling for an end to lawless dictatorship and a return to the rule of law. Rather than trying to subvert the constitution, I am calling for its enforcement.

***

The best way to avoid all types of revolution would be for the government to start following the rule of law. I passionately hope it will do so.

The fact that even mainstream economists like Roubini are talking about hanging bankers shows that this is the last chance for the justice system – the only thing which stands between criminals on Wall Street and pitchforks – to work.


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http://www.washingtonsblog.com/2012/07/mainstream-economist-we-might-need-to-hang-some-bankers-to-stop-illegal-behavior.html

[DCKit]

1. As so many others have pointed out here on DU, not only jailed...

but relieved of their ill-gotten gains.

Until the penalties for robbing the world exceed their profits, it's just going to continue.

[nichomachus]

2. Until we get money out of politics

nothing is going to change.

[DCKit]

3. I can't disagree with that. nt

[yurbud]

9. even the toughest prosecutors seem to only get back pennies on the dollar

[pansypoo53219]

4. duh.

wheel in the guillotine. or even worse, TAKE THEIR MONEY AWAY

[msongs]

6. "I welcome their hatred" is obsolete, now it's "Let them do what they want" nt

[bigmonkey]

7. It's because the behavior is seen as natural.

Undercut that, say, by prosecuting it, and the support for it will erode. In the meantime, undercut it by calling it out as unnatural, perverse, craven, etc.

[bvar22]

8. The Golden Calf

[font size=5]The Golden Calf[/font]

[font size=4]The Deity of The Church of the Invisible Hand[/font]

If you Work for a Living,
do NOT trust anyone who espouses a belief in
"Free Trade", "Free Markets", or an "Invisible Hand".
NONE of those things exist,
and that person is NOT your friend.




You will know them by their WORKS,
not by their excuses.
[font size=5 color=green]Solidarity99![/font][font size=2 color=green]
--------------------------------------------------------------------------------------------------------------------------------[/center]

[yurbud]

10. someone needs to geld that bull with a blowtorch

on put its head in jamie dimon's bed.