It was the the first example I found on a quick google, and wasn't meant to be definitive proof of anything. It was just to disprove the fact the idea that often gets quoted that "nothing" has been done. The Wheatley report (as it was the LIBOR story that was mentioned in my link) has been concluded and the recommendations have been accepted by the government, and criminal prosecutions may still happen, depending on the FSA or FCA or whoever it is that has the ball on this issue now. No, nobody was hung in public on the day that the news broke, but you know what? Things don't work like that.
@Chopsen Mild punishment for one offence out of a stockpile of many many others. You could almost call it a scapegoat to hide the fact that no action was really taken over the real issues.
Banks/investment groups caused the problem, they are the ones asking for a deficit cut, they are the ones profiting from the recession they caused, they are the ones holding back growth by restricting lending to businesses and mortgages (not talking about the old style dangerous ones either.). Etc.
Also, calling everything a conspiracy theory is generally just a sign of someone who doesn't have a strong argument and wants to demean their opponent. I expect better from you.
The stuff that went wrong since 2008 is broadly very simple (lots of people spent money they didn't have) though proving what was *criminally* wrong and punishing those that broke the law is a very different thing from people being *incompetent* and suffering the consequence of that. And yes, lots of people have lost their jobs and their own money who worked in the banking sector. Yes, very few of them are now destitute living on the streets and haven't been shot at dawn, but that's how things are.
I am not calling anything a conspiracy theory. Those who are saying that "The Bankers" are "Getting Away With It" are the ones waving the pointy finger of conspiracy theory about. What I believe is that an absolute clusterfuck happened, some people no doubt acted immorally, some incompetently, some illegally. Working out who did what and which group they belong in is not an easy task, and anybody who thinks it is is just embarrassing themselves and undermining the call to hold people to account.
Of course, for lots of people it's easy to be an armchair revolutionary and blame problems they don't fully understand on people they can't name.
Edited by Chopsen at 16:14:32 21-10-2012