Author Topic: Ireland jails three top bankers over 2008 banking meltdown  (Read 378 times)

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Offline Night Hides Not

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Ireland jails three top bankers over 2008 banking meltdown
« on: August 01, 2016, 01:32:16 pm »
http://www.cnbc.com/2016/07/29/ireland-jails-three-top-bankers-over-2008-banking-meltdown.html

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Three senior Irish bankers were jailed on Friday for up to three-and-a-half years for conspiring to defraud investors in the most prominent prosecution arising from the 2008 banking crisis that crippled the country's economy.

The trio will be among the first senior bankers globally to be jailed for their role in the collapse of a bank during the crisis.

The lack of convictions until now has angered Irish taxpayers, who had to stump up 64 billion euros - almost 40 percent of annual economic output - after a property collapse forced the biggest state bank rescue in the euro zone.

The crash thrust Ireland into a three-year sovereign bailout in 2010 and the finance ministry said last month that it could take another 15 years to recover the funds pumped into the banks still operating.

How many American bankers have gone to jail?
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Offline TomSea

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Re: Ireland jails three top bankers over 2008 banking meltdown
« Reply #1 on: August 01, 2016, 03:39:04 pm »
Thanks for keeping us up-to-date. We should know about these kinds of stories.


Offline Night Hides Not

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Re: Ireland jails three top bankers over 2008 banking meltdown
« Reply #2 on: August 02, 2016, 03:12:01 pm »
Trump should make note of Wall Street bankers supporting Hillary, and ask why they shouldn't be indicted for corruption?
You can avoid reality, but you cannot avoid the consequences of avoiding reality.

1 John 3:18: Let us love not in word or speech, but in truth and action.