{"id":21934,"date":"2014-11-22T20:46:37","date_gmt":"2014-11-22T19:46:37","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=21934"},"modified":"2014-11-22T20:46:53","modified_gmt":"2014-11-22T19:46:53","slug":"should-we-separate-manipulation-of-money-and-money-in-banking","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/should-we-separate-manipulation-of-money-and-money-in-banking\/","title":{"rendered":"Should We Separate Manipulation of Money and Money in Banking?"},"content":{"rendered":"

American, Swiss and British bankers banded together to fine their countries banks $4.3 billion for manpulating benchmarks used in the trading of currencies.\u00a0 More fines may be in the pipeline.<\/p>\n

Unfortuantely for the citizens of these countries, the fines are only the cost of doing businesss for JPMorgan Chase, Citigroup and Bank of America.<\/p>\n

How do we get banks to change their ways?\u00a0 The US Fed is now talking about jailing rogue bankers.\u00a0 But the entire system may be rogue.<\/p>\n

Is it possible to divide the banking and investment function of nstitutions now called ‘banks.”\u00a0\u00a0\u00a0 Can we return to banks that take in deposits which are insured, loan money to companies that are a reasonable risk and be satisfied with 10% earnings on depostied money?\u00a0 The other piece of the business would be called ‘inestment banking’, and operate as far as possible from the needs of ordinary citizens.<\/p>\n

Jail may no longer be enouogh, especially when the targets are mid level officers and not the people at the top who tolerate unreasonable risk.<\/p>\n

\"Jamie<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

American, Swiss and British bankers banded together to fine their countries banks $4.3 billion for manpulating benchmarks used in the trading of currencies.\u00a0 More fines may be in the pipeline. Unfortuantely for the citizens of these countries, the fines are … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[70,22,13],"tags":[],"class_list":["post-21934","post","type-post","status-publish","format-standard","hentry","category-big-banks","category-corruption","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t