Getting their comeuppance

By Gigi on Monday, 4 July 2011

Nothing could have ever prepared me for the day when I would read in the news that a banker got arrested and sentenced to jail for fraud. NOTHING.

According to Ascology.com, a banker has been sentenced to 30 years in prison for sinking Colonial Bank in 2009. He sold billions of dollars of worthless or non-existent mortgages to raise money for another company he owned.

image credit: abardwell

Call me jaded if you will, but I do not believe that the top muckity mucks will ever see the inside of a jail cell, and as one banker said "we're always one step ahead of the law". The justice which so many of us fervently seek for the blatant fraudulent activities of banks will never happen. Not to the scale we would like to see.

And since this gentleman, Lee Bentley Farkas, is taking the fall for a host of other VERY guilty people, you can bet he is going to be PROPERLY compensated. I'm still shaking my head.

Well, while Farkas takes the fall in this incredible fracas and farce, the rest of the bankers sit pretty making millions of dollars on your hard earned cash! Enjoy your pay!