Wait long enough, and the coin always flips to the other side. The rumors circulating is that the NY Federal Prosecutors are at last looking to file criminal charges against bankers in Royal Bank of Scotland & J.P. Morgan for selling faulty mortgage backed securities that the KNEW were bogus. The cycle has turned. Bankers better be on guard. When the economy turns down even harder thanks to structured deals of debts to hide problems as in Greece, those in the decision making positions may find themselves criminally charged as the people get pissed off at politicians and the corruption. You can argue all you want against cycles, but everything runs its course and then flips. There is no exception. Our model on the banker fortunes turned in 2013. We have see huge fines and the Europeans are getting out of the game.
Bankers to be Criminally Charged
Posted Nov 18, 2015 by Martin Armstrong |
Blog Alerts
Related posts
World Events
June 18, 2023
The Richest Man in the World
April 20, 2023
PRIVATE BLOG – March 14th & the World
March 13, 2022
Blog Categories
- Armstrong Economics 101
- Armstrong in the Media
- Behavioral Economics
- Books
- Forecasts
- Great Divide
- History
- Hong Kong
- Humor
- Immigration
- International News
- Africa
- Australia & Oceania
- BigTech
- BRITAIN
- Canada
- Caribbean
- Censorship
- Central America
- China
- Collectibles
- Crime
- Democracy Crisis
- Disease
- East Asia
- Eastern Europe
- Emerging Markets
- Entertainment
- Ethics
- European Union
- France
- Germany
- Great Reset
- Greece
- HongKong
- Hungary
- India
- Insurance
- Iran
- Ireland
- Israel
- Italy
- Japan
- Latin America
- Lock Down
- Lockdaown
- Media
- medicine
- Mexico
- Middle East
- Migraction
- Migration
- Nature
- North America
- North Korea
- Poland
- Police
- Politics
- Revolution
- Rule of Law
- Russia
- Scandinavia
- Science
- South America
- South Asia
- Southeast Asia
- SPAIN
- Switzerland
- Taiwan
- Thailand
- Turkey
- Ukraine
- Vaccine
- Western Europe
- Market Talk
- Markets by Sector
- Plagues
- Products and Services
- Q&A
- Real Estate
- Uncategorized
- Upcoming Events
- webinars
- World Events
- Banking Crisis
- Bio Technology
- Capital Flow
- CENSORSHIP
- Central Banks
- Civil Unrest
- Civilization
- Climate
- Conspiracy
- Correction
- Corruption
- Cryptocurrency
- Education
- Freedom of Speech
- G7
- Geopolitical
- Gov't Incompetence
- Human Rights
- IMF
- Immigratin
- Immigration
- Interest Rates
- Monetary Reform
- NATO
- Neocons
- New Norm
- Pension Crisis
- Police State
- Population
- Press
- Private Money
- Propaganda
- Religion
- Separatists
- Sovereign Debt Crisis
- Student Debt
- Technology
- Terrorism
- The Hunt for Taxes
- Traders
- Tyranny
- Violence
- War
- WEF
- WOKE
- World Health Organization
- World Trade