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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