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The first two links describe the same event, if I can tell correctly. A lot of people fail to realize how crucial financial institutions are for society. Every
by danuker 3y ago
The first two links describe the same event, if I can tell correctly.
A lot of people fail to realize how crucial financial institutions are for society. Everything we do has national currency as a middleman, and national currency is more under private control than under public.
$125M is a fee for stealing as much as you wish, since you have the power to print money. Need more assets? Just give out credit more loosely for a while. Then "accidentally" delete the records of what money went where, then get bailed out.
Commercial banks get to create and spend currency before its impact hits the wider market through inflation. In addition, the rate of creation has to continuously surpass debt repayment, otherwise there is a liquidity crisis. They have an immense privilege, and as such, should be held to much higher standards.
"Give me control over a nation's currency, and I care not who makes its laws."
If the violation of even the standards we have results in less than a month's worth of PROFIT for several years of wrongdoing, how are these rules or outcomes fair?