the heroes on financial crisis it's playin cyprus
and the supriya two separate uh... citizens are receiving a crash course in
out how to control banking industry and their corrupted bank srs
cambrian entire country to its knees
and separate connie has ground to a halt
why cassie
i think banking sectors falling apart
why it because
their banks that relate made big bets on greek barnes submitted in order out so
well
and cypress has been hit by recession just like everybody else in europe
to the bank since a person to shut all week and i guess but they're not
supposed to open until tuesday
jam provide around the banks
good luck with that
when all said and done
and if the supriya connie every covers this financial collapse
the separate cigarette you know hopefully avenue fraud awareness a
banks in the importance of banking in
and and end to end the horrors of
bank stirs rock
just like you know
what is the what is the summer
parody a spring break girls gone wild this is baxter's gone wild
and uh... we need oversight regulation over the financial district
at cypress needs a big time
and by the way that slice landed
at working
in two thousand eight when the global financial crisis began taking down
economies one-by-one or other countries a risk
here incredibly hard as i slammed
all three their three-day banks ice on all three of them went down l collapsed
their stock exchange is called a scorpio one x iceland fifteen
crash it plummeted
pension fund three slash businesses were wiped out
the whole country just
insulin pop
essentially insulin poverty
now uh... they
there in the people of iceland
the country fights
could have responded to the financial crisis the same way we did hear the
united states
bail out the baxter's
dog punish them
darts and jamie dot on the jury all himani
or
iceland caress the bank stirs the brought down the economy they could bail
out those who were most afflicted by the collapse
the average icelanders themselves
and begin to rebuild their financial industry banking history scratch
we chose the former iceland chose the latter they said jail the bombs
in december of two thousand eighty s landed parliament passed a bill
establishing an office of the special
prosecutor
the job at your office was to investigate suspected criminal conduct
leading opt to or in connection with the or in the wake of
the banking crisis
and to follow up those investigations
specifically
intentionally
by bringing criminal charges that civil charges were not say how your backyard
area
draw turned twelve dollar million-dollar fine for the billion dollars you stole
actually bringing criminal charges against those responsible for the crisis
in throwing their pots in prison
since the office the special prosecutor was created iceland has been around
enough one bank stir after another
in march a twenty eleven robert and incident
chandru is
her arrest in london as part of a special prosecutor's office
investigation
into the collapse of the icelandic bank
cop culp thing
in december last year
a wreck you vic correctly that is the capitalism
regular court sentenced two of the top executives at iceland spine tc
uh... delwip near
to jail time
and just yesterday nine more banks trees in the icelandic plank
copping
were indicted in charge for their roles in orchestrating five
large-scale march market mullet manipulation credit the conspiracies
isro if you're the arrests
iceland's clean up their banks
npm what they're doing a sip of the banks use in jail
meanwhile here in the united states
the wall street bank stirs who brought our cat economy to its knees
personal secretary in a corner office is a retired with hundreds of millions of
dollars of your money
amelia jamie guyana c_e_o_ j_p_ morgan
eraser perrin j_p_ morgan's a monumental multi-billion dollar trading loss
diamond is a list of quayle italy withheld from regulators key details
but the banks daily losses
and numerous other parts of suggested the diamond may have been complicity
in j_p_ morgan chase engaging in
additional
criminal
and or unethical activity
but dyan
and the rest as fat cat buddies managers for
yet there is preferred limousines and their helicopters and their mansions in
their mistresses and god only knows what
continuing a rake in multi million-dollar bonuses are golden
parachute richer i don't have to be done mistress right
shouldn't throw it
divers actions pale in comparison executives of the hsbc back
who recently admitted in court to allow a mexican and colombian drug cartels
to launder nine
hundred millionaire dollars
now if you had laundered nine hundred million dollars of mexican drug cartel
money
you would be in jail for the rest your life
any doubt about that
i mean they were taking your door
but we're talking here about rich white based resented politicians millions of
others
executives the banks also admitted using various schemes to move around a
hundreds of millions of dollars to nations who are supposed to be
subject to trade sanctions including a rand cuba in sudan
and do reports suggest some of that money made its way into the hands of
terrorist organizations like al qaeda
if you don't matter
you'd be in guantanamo
but then again
arnout bank stir you know probability and maybe some banks just listed
if you are
you know what i'm saying
despite these egregious criminal actions united states has yet to be
jail a single hsbc bank stir
there hasn't been the best one
source the bottom line olis
eventually when cypress is economy recovers that governments have to make a
choice they can choose to let their banks just go free in risk another
financial meltdown like we do in the united states
or they can take the icelandic approach crack down on corruption a financial
industry prosecute in jail those responsible for causing and worse in the
class by the way which is what ronald reagan did with bank stir as an l banks
trees here in the united states in nineteen eighty six
at the start of a two thousand a worldwide economic class iceland was in
worse shape financially than every other country in the world the developed
countries today there on the one of the fastest growing economies in the world
they got from there to here patrolling their baxter's
foresight persisted
did take a page out of that book
five larry wouldn't be such a bad idea here in the united states as well
they shouldn't be too big to fail
and a pair for is a list of war and they shouldn't be too big to jail
fifteen minutes past