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Most bankers are crooks


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which law have they broken?

 

For a start banks were lending more than 100% of deposits. That is basically a pyramid scheme and against all regulatory guidelines. When more than 100% of deposits is lent out then no reserve is created.

 

The failure to maintain adequate capital reserves is against Basel 1/ Basel 2

 

It is also illegal to run a pyramid scheme which is what many major banks were/are doing.

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Major fraud for a start, which has made them millions and cost us the shirt on our backs.

But when the crime is so big, and everybody is involved up to their necks where do you start?

 

Think MP's expenses and multiply by 1,000,000

 

But why ask me? Watch the bloody programme. It will convince you far better than I ever could. Be warned, it's complicated.

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