Perhaps you could admit that if the banks had gone belly up, our entire economy would have been screwed?
Not sure why you are so desperate for Sidicks or anyone else to condemn the banks and bankers. You are reading into posts only what you want, I have yet to see anyone defending wrongdoing in relation to banks.
Now perhaps you would be so good as to explain what illegal things the banks did that got them into trouble? You made the claim, so I think it is only reasonable to ask you to back it up.
Well, you did say it while trying to explain this comment.
"It was idiotic and down right illegal practices that got the banks into trouble and continues to do so."
So yes, you did say that.
But if that isn't what you meant, which illegal practices are you referring to that got the banks into trouble?
Why the bold only in the second part, it was the idiotic practices of lending up to 6 times salary, lending to people who had no chance to pay it back that got the banks in trouble. The illegal practices the banks have been taking part in and have been since at least 2007 are now coming home to roost. How many more illegal practices are they going to find out.
You might find this informative.Of course it does blame some one else.
What on your say so, dream on.
How many of those mortgages of 6 x salary have defaulted...?
You are referring to practices (plural), what other illegal practices do you mean..?
What do you mean 'other'?
Lending 6x multiples is certainly idiotic, but it is not illegal.
I'm still waiting for just one idiotic and illegal practice to be named.
I suspect I'll be waiting for a long time....
"It was idiotic and down right illegal practices that got the banks into trouble". As follows:
Five major banks in America have been sued successfully for illegal foreclosure practices.
HSBC fined £640 million for allowing drugs cartels to launder billions of pounds through its branches.
Barclays fined £290 million for rigging LIBOR interest rates. But didn't have to pay a further £573 million fine because they blew the whistle on the Euribor cartel.
RBS fined £391 million for rigging Euribor and Yen Libor.
UBS has paid the largest penalty so far - fined £917 million for manipulating rates.