Further to the Jan. 17 letter 17, CEOs hijacking conservatism:
The letter writer mentions the fact the investment industry wants to be self-regulating.
Financial institutions have been self-regulating for years, and now they regulate us. They have virtually taken control of all aspects of society.
They are 99 per cent responsible for the financial and political mess the world is in now. There can be no doubt that the 2008 financial crisis was a result of their greed.
The whole world is still suffering from the damage these multimillionaires created and benefited by.
Another horrible example is the recent HSBC
fiasco. This British-owned bank has branches worldwide and has recently been fined more than
$1 billion US for money laundering drug money through Mexico and other Latin American countries, as well as laundering money in Middle Eastern
countries, including Iran, that was likely used for funding terrorist activity.
Not one person has been or will be jailed for these international crimes.
Why? Because, according to the American government, it could cause a financial crisis if we hold these crooks accountable.
Personally, I believe all of their assets should be seized and they should be forced to totally liquidate the bank.
Then the bank's directors should be jailed for aiding and abetting drug cartels and world terrorism.
What kind of a world have we become when we prosecute the victims of drug cartels and allow the drug pushers' banks to get away with less than a slap on the wrist?.
When and where are we going to see democratically elected governments represent their ordinary citizens rather than their corporate friends?
Don Aitken,
Kelowna