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Friday, January 23, 2015

In God We Trust

Since 2009, banks have paid the staggering amount of $178 billion in fines – U.S. banks have paid $115 billion, while European banks $63 billion. But, as analyst Sital Patel of Market Watch writes, these fines are now seen as a cost of doing business. In fact, no banker has yet been incriminated in a personal capacity. All the three biggest Dutch banks – Rabobank, ABN Amro and ING Groep – have been involved in scandals that have hurt consumers, or were nationalised during the financial crisis, costing taxpayers more than 140 billion dollars. Rabobank was fined one billion dollars.

All 90,000 bankers in the Netherlands are now required to take an oath: “I swear that I will endeavour to maintain and promote confidence in the financial sector. So help me God”.

God is now the Supreme Regulator of the Dutch banking system.


And on the US dollar it says “In God We Trust”

Awwwwwwwww...the faith of the capitalist....

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