Mainstream Economist: We Might Need to Hang Some Bankers to Stop Criminal Looting
GFP: Sure we do not want to see anyone hanged on the street, though we do understand why it is asked and where it comes from, as for some it's still the only way to get "rid" of the old system. We know the Way Is Love. And Love's what we're here to share.
Even Nouriel Roubini Says We Need to Jail or Hang Some Bankers
Nobel prize winning economist Joe Stiglitz – and many other experts – have said nothing will change unless dishonest bankers are jailed.
Former trader Max Keiser has been calling for years for crooked bankers to be hanged, to send a message that crime won’t be tolerated.
But Nouriel Roubini is a lot more mainstream than Keiser – or even Stiglitz – being very close to Treasury Secretary Tim Geithner. See this and this.
Roubini told Bloomberg that nothing has changed since the start of the financial crisis, and we might need to throw bankers in jail – or hang them in the streets – before they’ll change:
Nobody has gone to jail since the financial crisis. The banks, they do things that are illegal and at best they slap on them a fine. If some people end up in jail, maybe that will teach a lesson to somebody. Or somebody hanging in the streets.