Warren shamed federal bank regulators into submission. Credit: Tim Pierce

Here’s what bugs me and millions of other people: No one connected to the international financial meltdown – not even one member of the small army of bankers whose recklessness practically tanked the world economy – has spent even one day in jail. Never mind all the crooked goings-on in the housing market – the irresponsible loans, the illegal foreclosures. The vultures responsible are nowhere near seeing the inside of a prison, either. And those bank officers who laundered money for international drug dealers and/or terrorists? Scot free! Why? Well, they’re not just too big to fail, they’re too big to jail, at least according to the U.S. Department of Justice.

This is an attitude that doesn’t sit well with Americans’ traditional ideas of justice, and it sure didn’t sit well with Sen. Elizabeth Warren of Massachusetts, either. The outspoken critic of banksters did a beautiful job of shaming supposed federal bank regulators recently by simply asking them how many bankers they have prosecuted. Check out the video:

If you’re not happy about bigshots being catered to when they should be wearing stripes, here’s a chance to let the federal government know about it. Tomorrow at noon, Action NC, a group affiliated with MoveOn, will present a petition to the U.S. Attorney’s office, at 227 W. Trade St., uptown, telling President Obama that he needs to stop yakking about Wall Street reform and start doing something about it. The petition, by the way, has been signed by about 333,000 people nationwide. Find out more information about the event here.

Warren shamed federal bank regulators into submission. Credit: Tim Pierce

John Grooms is a multiple award-winning writer and editor, teacher, public speaker, event organizer, cultural critic, music history buff and incurable smartass. He writes the Boomer With Attitude column,...

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4 Comments

  1. Both the Clinton and Bush Jr. Justice Departments put more than 1000 financial executives behind bars. The Obama/Holder team hasn’t even brought a single indictment. Good luck in getting Fauxcahontas to make a real difference.

  2. I look forward to to Eric Holder’s Justice Dept. bringing charges against Jon Corzine any day now!

  3. Sods —– Law.
    Jan .—- 2015.

    For almost two decades we have strived to get justice for the injustice we have suffered at the hands of a world renowned bank— PICTET & CIE. BANK.

    Two yorkshiremen both running their own small family businesses trying to resolve the problem by taking all the correct legal procedures to recover their monies.

    The matter was raised in Parliament – twice– the FSA investigated the matter concluding that PICTET had rogues operating in their London Bank — but the rogues had left —saying no one left to prosecute.??? —– so there.

    We then approached the Financial Ombudsman Service. (FOS) — our case was dealt with by seven different people —- then our numerous E-Mails were ignored — nobody would speak to us ——-so there.

    We then asked the SFO ( Serious Fraud Office.) to investigate our case —- the criteria of our case ticked all their boxes. — we were instructed not to send them
    any documents/evidence.—— in fact they wrote to us advising us to go to the Citizen’s Advice Bureau.(CAB.)
    Richard Alderman the SFO boss —- who responded to our letter was the same man who would not investigate the “ Madoff” scandal or the “Libor” fiasco.
    The MP’s committee —- said he was sloppy— and the SFO was run like “ Fred Karno’s Circus” —– it was an office of fraud.—– so there.

    Our M.P. approached our local Chief Constable to investigate—– he was called—- Sir Norman Bettison— Chief Constable of West Yorkshire Police —- a force that made “ Dad’s Army” look like the S.A.S. They were inept – corrupt —malicious — from top to bottom. We were criminally dealt with by the Forces Solicitor—- the Head of the Economic Crime Unit —-and the Chief Constable —– so there.

    We were then advised to pass our complaint against West Yorkshire Police to the I.P.C.C. – which we did — they advised us to make our complaint to —- the West Yorkshire Police — we did with reluctance — all we got was abuse and obfuscation. —– so there.

    Sir Norman Bettison —- The Forces solicitor— and the Head of the Economic Crime —- have all been removed from their posts and facing criminal allegations.
    —— so there.

    We even sought justice through the Courts — culminating in a visit to the Court of Appeal-London.— On leaving the Courts of Appeal that day our barrister a “rising star” informed us — that if that was British Justice then you can keep it. He quit the law and moved to Canada —– so there.

    A few years later we learned that one of the judges ( Lord Justice.) in our case at the Court of Appeal was related to a senior executive of the Pictet Bank —–so there.

    The Ministry of Justice passed our case to Lord Myners to investigate — we would rather have had Mickey Mouse or Donald Duck do it. — to this day we don’t know
    —whether he did anything or not —- probably not — seeing that his wife was on the Pictet Prix Board.

    Pictet & Cie .Bank — voted private bank of the year 2013.
    Ivan Pictet —- Voted banker of the year 2012. —- the senior partner — lied on numerous occasions and had documents destroyed — also said genuine documents were forgeries. —– so there.

    Ivan Pictet in Oct. 2013 —- Given the Legion of Honour — but saying that —- honours were given to Hitler — Eichmann — Mussolini —Franco — he’s in fitting company. —-so there.

    MONTY RAPHAEL.Q.C. — Peters & Peters.London. They were the banks lawyers.
    Monty Raphael.Q.C. along with Ivan Pictet withheld crucial documents requested by the High Court —- the FSA —- and the police Fraud Squad. —-so there.

    Monty Raphael.Q.C. became an Honorary Queens Counsellor in March. 2012.
    Monty Raphael.Q.C. became a Master of the Bench in Nov.2012.
    An expert in Fraud —the Doyen of Fraud Lawyers. —– so there.

    This says a lot about Banks — and their lawyers –the consensus of opinion is that they are highly paid “crooks” —- no wonder they voted Ivan Pictet banker of the year. — and Monty Raphael a Queens Counsellor – “crime does pay”?

    It appears that crimes in the “establishment.” are honoured by their peers.
    “HONOURS AMONG THIEVES.”

    Full Story.—- “google ”

    Insert.—– The Crimes of —– Pictet & Cie Bank.
    or insert
    Ivan Pictet/ Monty Raphael Q.C.

  4. Swiss Bank Accounts. Jan.. 2015.

    Is your monies safe in these accounts —- definitely NOT.
    Would you get your money back if every body decided to withdraw all their accounts – NO WAY.
    Economic Experts say that there would only enough money to repay 50% of their clients.
    Are you going to be in the 50% — that loose your money.– Get it out NOW.

    2012 — – June. — Published in Anglo INFO .Geneva.— USA Trust Fund Investors were sent false and fraudulent documents by Pictet Bank.Switzerland. in order to collect large fees. ( Like MADOFF) —Even after the SEC in the USA uncovered the fraud Pictet continued to charge fees and drain whatever was left in these accounts. Estimated that $90,000,000 million lost in this Pictet Ponzi scheme.

    2012 – – – July. — De – Spiegel. — states – Pictet Bank uses a letterbox company in
    Panama and a tax loophole involving investments in London to gain
    German millionaires as clients.

    2012 – – – August —- German Opposition Leader accuses Swiss Banks of “organised crime.”

    All the fines that crooked Swiss banks have incurred in the last few years exceeds £75.Billion.
    It is also calculated that the secrecy ” agreements” with regards to tax evation by their clients will cost the banks another £450 Billion.( paid out of your monies.)

    The banks are panicking — the are quickly restructuring their banks —- from partnerships —
    to ” LIMITED COMPANIES.” —– this will probably mean that in the future — they could
    pay you only 10% of your monies ” if you are one of the lucky ones” —- and it be legal.

    Google —- The Crimes of —- Pictet & Cie Bank.

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