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October 18 2018 4.13am

Unexplained Wealth Order

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View chris123's Profile chris123 Flag caterham 10 Oct 18 8.42pm Send a Private Message to chris123 Add chris123 as a friend

Originally posted by chateauferret

They were caught with their trousers down.

Fair cop!!

 

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View .TUX.'s Profile .TUX. Flag 10 Oct 18 9.07pm Send a Private Message to .TUX. Add .TUX. as a friend

Originally posted by chris123

Probably best to avoid usd clearing through the states though - they're the only ones who have tight controls - but they have plenty of shell companies too.

My arse. They are just a bigger branch on the same financial tree that screws us all.


 


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View chris123's Profile chris123 Flag caterham 10 Oct 18 9.17pm Send a Private Message to chris123 Add chris123 as a friend

Originally posted by .TUX.

My arse. They are just a bigger branch on the same financial tree that screws us all.


I'm only talking about sanctions - nothing else.

 

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View .TUX.'s Profile .TUX. Flag 10 Oct 18 10.16pm Send a Private Message to .TUX. Add .TUX. as a friend

Originally posted by chris123

I'm only talking about sanctions - nothing else.

When any given ''sanction'' amounts to little more than 10% of the profits made then it becomes more 'token gesture than sanction' hence the wrong-doings will never cease.

We see this time and time and time again. Well, some of us do.

 


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View chris123's Profile chris123 Flag caterham 10 Oct 18 10.25pm Send a Private Message to chris123 Add chris123 as a friend

Originally posted by .TUX.

When any given ''sanction'' amounts to little more than 10% of the profits made then it becomes more 'token gesture than sanction' hence the wrong-doings will never cease.

We see this time and time and time again. Well, some of us do.

Well BNPP got fined $9 billion in 2014.

 

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View Badger11's Profile Badger11 Flag Beckenham 11 Oct 18 8.42am Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by Cucking Funt

But plenty more haven't.

After many years working in the City, I have come to the conclusion that the global (not just UK) financial system is seriously, seriously bent.

Agreed. I worked for 2 large international banks and I was sickened by the constant drip drip of legal and ethical violations. In both companies their solution when caught was to send all their staff on training courses. I would argue with the trainers why are you telling me to be honest even if I wasn't I am not in a position to make those decisions. In most banks these dodgy dealings are done by senior management which would number in the low thousands world wide so why are you sending 250,000 people on a training course?

Bottom line 99% of the people I worked with were decent and honest just earning enough to get by. The crooks were all at the top of the food chain.

 


One more point

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View Midlands Eagle's Profile Midlands Eagle Flag 11 Oct 18 10.07am Send a Private Message to Midlands Eagle Add Midlands Eagle as a friend

Originally posted by Badger11

In most banks these dodgy dealings are done by senior management which would number in the low thousands world wide so why are you sending 250,000 people on a training course?

I used to work for one of the oldest established merchant banks in the city where the directors were rumoured to do deals that if successful went down to their personal accounts and if unsuccessful went through the bank's books

 

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View cryrst's Profile cryrst Flag Chatham 11 Oct 18 11.25am Send a Private Message to cryrst Add cryrst as a friend

Originally posted by Midlands Eagle

I used to work for one of the oldest established merchant banks in the city where the directors were rumoured to do deals that if successful went down to their personal accounts and if unsuccessful went through the bank's books

Seems to be a bit of envy going on
Most of us given the chance would feather our nests for sure if we could get away with it.
Hypocrisy is a two way street!!!

 

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View orpingtoneagle's Profile orpingtoneagle Flag Orpington 11 Oct 18 1.11pm Send a Private Message to orpingtoneagle Add orpingtoneagle as a friend

I hear they are looking at both Benteke and Wickham as both have amassed funds claiming to be professional top strikers at Palace when there is increasingly little evidence to support these claims.

 

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View Badger11's Profile Badger11 Flag Beckenham 11 Oct 18 1.18pm Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by Midlands Eagle

I used to work for one of the oldest established merchant banks in the city where the directors were rumoured to do deals that if successful went down to their personal accounts and if unsuccessful went through the bank's books

Lloyds of London were caught in that one. They were giving the cream (low risk high reward) to the select few and the mugs got stuck with the high risk business even though they were all supposed to be in the same syndicate. I will not say the name but a certain much loved Chelsea supporter who unexpectedly died had a lot of questions which he wasn't around to answer about the syndicate he ran.

However most of the incidents in the bank weren't personal corruption as such but bending the rules. So dealers were fixing FX rates or interest rates because they were competitive and wanted to be top dog. Of course their bonus was driven by their success so that just fuelled the risk taking.

Edited by Badger11 (11 Oct 2018 1.24pm)

 


One more point

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View Stirlingsays's Profile Stirlingsays Flag Wisbech, England 11 Oct 18 1.53pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by cryrst

Seems to be a bit of envy going on
Most of us given the chance would feather our nests for sure if we could get away with it.
Hypocrisy is a two way street!!!

Some....the problem is that kind of guy gets promoted to that kind of position......arseholes take on and position arseholes.

If that were for most Cryrst then western civilization would never have emerged and implemented democracy and have regulation as it is. There is always corruption but we are improved upon the far more corrupt systems that we see in other areas outside of the anglosphere and Europe.

That reliability and legal responsibility is part of the reason that these fecking rich foreign criminals actually want to invest here.

Having said that, I'm well aware that the finance sector gets away with blue murder.

We didn't deal with the crimes that created the 2008 crash and if anything we are just rolling the same dice and supporting the same system with cosmetic changes.


Edited by Stirlingsays (11 Oct 2018 1.58pm)

 

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View cryrst's Profile cryrst Flag Chatham 11 Oct 18 5.51pm Send a Private Message to cryrst Add cryrst as a friend

Originally posted by Stirlingsays

Some....the problem is that kind of guy gets promoted to that kind of position......arseholes take on and position arseholes.

If that were for most Cryrst then western civilization would never have emerged and implemented democracy and have regulation as it is. There is always corruption but we are improved upon the far more corrupt systems that we see in other areas outside of the anglosphere and Europe.

That reliability and legal responsibility is part of the reason that these fecking rich foreign criminals actually want to invest here.

Having said that, I'm well aware that the finance sector gets away with blue murder.

We didn't deal with the crimes that created the 2008 crash and if anything we are just rolling the same dice and supporting the same system with cosmetic changes.

A tiny amount would get to a position to do it big style like that 1%
But most of us will do it for our own gains.
The difference maybe the thought of consequences
If caught.
Thats why its tempered for most.

I think the 2008 crash wasnt just us it was global.
Honest or not it happened and will again.
Its cyclical im afraid.
Whomever is in control.


Edited by Stirlingsays (11 Oct 2018 1.58pm)

 

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