A New Financial Scandal - Bigger Than LIBOR?

reply to post by finguy

Everything you said makes perfect sense. However, people look for someone else to blame when their going gets tough and people in the finance industry, like bankers and currency traders, are easy targets especially since few personally know people in this industry.

That said, people in positions of greater influence over the lives of others should be required to exercise greater caution and responsibility in their actions. The laws and regulations are only part of that requirement. The society at large should not condone reckless actions by people in positions of influence even when the going is good. A society that rewards and encourages reckless actions when the going is good or the price is being paid by people in other societies has no reason to expect a different behaviour from those in positions of influence when a majority of the society end up at the receiving end of those reckless actions.

I have been promoting The Fiscal Revolution, The Peaceful Revolution for over 10 years.

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And Bank Runs to take down these criminals. No one will listen to me.

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reply to post by GrantedBail


Is this a bigger, new and improved scandal?