Why Can’t the Banking Industry Solve Its Ethics Problems?

New York Times ^ | 29 July 2014 | Neil Irwin

[Tzimisce]

Honestly - the banks don’t want too.

They own Obama and Lizzy Warren.

All their budget holes are plugged with taxpayer money.

It’s a good day to be a bank. :)

[Red Badger]

For the love of money is the root of all evil..............................

[Night Hides Not]

Nobody’s gone to jail. Wall Street banks view the fines they pay as no more than the cost of doing business. Putting a banker or two in jail would be more than all of King Midas’ silver (Dodgeball reference).

[E. Pluribus Unum]

Because the Fed insists that they make any and all loans to "minorities," regardless of whether there is any possibility they will be paid back.

[Vigilanteman]

Other people’s money attracts looters like sugar attracts ants.

[Rashputin]

How many bankers do unethical garbage every month and how many are fired or arrested even when caught at it?

[Scrambler Bob]

Oh Oh, you used “Honestly” and “banks” in the same sentence.

Who was it said he robbed banks because that’s where the money was?

Same principle — too much money; conflicts with ethics.

[Theoria]

Criminal Bankers

Nice little collection of links to 'issues'.

[DoughtyOne]

The financial crisis that nearly brought down the global economy was triggered in no small part by the aggressive culture and spotty ethics within the world’s biggest banks.

And of course Barney Frank, other politicians, and the courts had nothing to do with millions of bad loans being made to people who had no ability to service them.

Damn those banks and lending institutions that did what judges told them they had to. Then when banks and lending institutions bundled that bad paper to get it off their backs, those same entities labeled them crooks and worse. Were there some problems with banks and lending institutions? Sure. It would be wrong to say they were perfect in all this. Lets be honest though, this was a planned failure. We all know it. I'll be damned if I'll pile on the banks to the exclusions of all the other players.

[DoughtyOne]

Please don’t disrupt the bankers and Wall Street hate thread.

LOL

[ronnyquest]

"Why Can’t the Banking Industry Solve Its Ethics Problems?"

Because the law does not require them to do so.

[Oberon]

Ummmm... because they don’t want to...?

[ronnyquest]

They are only “minorities” in majority White nations.

[freedomfiter2]

Because you can’t have ethics without first having morality.

[Leaning Right]

Who was it said he robbed banks because that’s where the money was?

It was either bank robber Willie Sutton or Fed Chairman Ben Bernanke.

[VRWC For Truth]

Bankers are now as greedy as shyster lawyers. Another worthless profession.

[Buckeye McFrog]

The American Hitler will be elected on a promise to punish the bankers.

[gdani]

Because there is no incentive.

Because those who are supposed to regulate them perpetuate the problem.

Because they know Uncle Sugar will always bail them out when they screw up (or get caught).

The game is rigged - and not in favor of us.

[Terabitten]

look no further than the Ivy League schools educating these bankers.