{"id":34160,"date":"2011-06-21T18:51:22","date_gmt":"2011-06-22T02:51:22","guid":{"rendered":"http:\/\/lukeford.net\/blog\/?p=34160"},"modified":"2011-06-21T18:51:22","modified_gmt":"2011-06-22T02:51:22","slug":"why-do-bankers-face-no-repercussions","status":"publish","type":"post","link":"https:\/\/lukeford.net\/blog\/?p=34160","title":{"rendered":"Why Do Bankers Face No Repercussions?"},"content":{"rendered":"<p>You&#8217;ve heard about all the austerity getting carried out in Greece? Well, <A HREF=\"http:\/\/online.wsj.com\/article\/SB10001424052702303823104576391522708841218.html?mod=WSJ_newsreel_opinion\">not one public servant has been laid off in Greece<\/a>. <\/p>\n<p>It&#8217;s austerity for the private sector, but not for the government unions.<\/p>\n<p>Sounds like California. <\/p>\n<p>So far it sounds like this French and German bailout for Greece is really a bailout for French and German banks who were stupid enough to lend money to Greece.<\/p>\n<p>Greece is only two percent of Europe&#8217;s economy so why does it matter if Greece defaults on its loans?<\/p>\n<p>On his radio show today, Dennis Prager said: &#8220;Greece is not facing up to the origins of its problems.&#8221;<\/p>\n<p>&#8220;I have some sympathy for the left in its antipathy to bankers. You know why bankers made bets on Greece? I don&#8217;t know on what basis.&#8221;<\/p>\n<p>&#8220;There is no industry that I am aware of in which there is so little justice. There is no repercussion for what you do.&#8221;<\/p>\n<p>&#8220;I&#8217;ve been broadcasting for 28 years. Every few years, I deliver the same sermon. Why are bankers not responsible people? Remember the loans they gave Latin America and how much crashed there?<\/p>\n<p>&#8220;Why? Because it is very sexy to give loans. I don&#8217;t they asked if it is a wise move to lend Greece a lot of money.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You&#8217;ve heard about all the austerity getting carried out in Greece? Well, not one public servant has been laid off in Greece. It&#8217;s austerity for the private sector, but not for the government unions. Sounds like California. So far it &hellip; <a href=\"https:\/\/lukeford.net\/blog\/?p=34160\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[4],"tags":[29761,26853,26852,26851,1627,26854],"class_list":["post-34160","post","type-post","status-publish","format-standard","hentry","category-dennis-prager","tag-dennis-prager","tag-german-banks","tag-government-unions","tag-greece-greece","tag-public-servant","tag-wise-move"],"_links":{"self":[{"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts\/34160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34160"}],"version-history":[{"count":0,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts\/34160\/revisions"}],"wp:attachment":[{"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}