How bankers get a bad name

[kirk1701®]

Kind of a side article to my other continued thread.
Perfect example here of what goes on and then the whole banking sector and the CEO's are labeled and stereotyped. Yes, it happened and time and time again they get caught but it don't mean the whole banking industry is bad or all the CEO's that get the large bonuses.

Ex Goldman director Rajat Gupta fined, banned in SEC case
The US Securities and Exchange Commission said the order was issued earlier in the day by US District Judge Jed Rakoff in Manhattan, who also oversaw Gupta's related criminal trial.

Gupta, 64, is appealing his June 2012 conviction and two-year prison term for having fed confidential tips he learned at Goldman board meetings in the second half of 2008 to Rajaratnam, a former billionaire who ran Galleon Group.

The tips included news about Goldman's financial results and a crucial USD 5 billion investment during the financial crisis by Warren Buffett's Berkshire Hathaway Inc.

Hope he rots in jail, but more like a country club jail is where he's at

http://www.moneycontrol.com/news/world-news/ex-goldman-director-rajat-gupta-fined-bannedsec-case_919858.html

 

[nevyn68]

He won't go to jail.
No one has gone to jail for their part and the GFC.
Millions of people loose their jobs, houses, lives and blokes like this just walk away without any problems.

I think a bullet to the head would solve the banking industries outlook.

 

[kirk1701®]

He won't go to jail.
No one has gone to jail for their part and the GFC.
Millions of people loose their jobs, houses, lives and blokes like this just walk away without any problems.

I think a bullet to the head would solve the banking industries outlook.

I beg to differ there Nev.
Bernard Madoff ring a bell?

Here's one for yu not so well known serving a 110 year sentencing :thumbsup:

http://www.cnbc.com/id/49276842

Oh yea some get away but the majority get their ash caught eventually but I won't cover for them, your right millions suffer till they do.

 

[Katzenfreund]

It's true that 90% of bankers give the rest a bad name.