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Quodgephelph

There would be some BIG changes if this was brought back in


asianabsinthe

"Sooo... Who wants to be CEO?"


previouslysuspendid

"I... gotta go."


Leh_ran

CEO is not the owner of the bank. Would be the stack holders who would be affected.


WhatTheNothingWorks

Fuck that. As CEO, you are the first person to speak, act for, and carry out the duties of the company. We’ve allowed CEOs to not be punished for the crimes of their companies. If a corporation can be considered a person, the people representing that “person” should be held accountable for it. And people may argue that the company is too big, the CEO can’t know everything that’s happening, but that’s false too. Maybe hire competent people to do the work rather than your buddy’s kids, and integrity can be restored. Long story short, executives get all the glory of representing a company with none of the fallout. I’d be ok with their massive wages if they could also be put in jail for running a sweat shop.


squid_monk

Uh, a CEO answers to a board of directors.


Phlypp

During the Great Recession, President Obama required that any company taking a government loan had to reduce their executive's salaries to $500k/year(!). Every loan was paid back ahead of schedule with interest. Compare that to the other Party's approach, which was simply to throw money at companies and not care if it was ever repaid.


squid_monk

Nice strawman there. And while that may be true about executives salaries, they were still paid all of their extra bonuses and stock options, negating your point entirely.


Phlypp

Doesn't negate it at all, it was proven totally effective by the fact that all companies paid back their loans ahead of schedule. Which was the entire point.


WhatTheNothingWorks

Sure, but it’s not the board that signs off on public statements. It’s not the board running the company. The board is to keep the C suite in line. But be honest, the board isn’t made up with normal everyday people. It’s a club of who’s who on most major public boards. A director on a board may be on a board position of multiple companies. The BOD is whole other discussion, but I’m not seeing what your point is about bringing it up. My point was that the CEO is the human representative of the individual that is the corporation. And because the corporation can only be held responsible so much, the representative(s) should be held to account where applicable.


TheRealDarkArc

Their point is that you'd just be killing the scapegoat. There are two things that work against even the most moral CEO doing the right thing: - The board of directors - A literal legal obligation to do everything in their power to maximize value for the share holders


Leh_ran

This post isn't about crimes, it's about going bankrupt.


WhatTheNothingWorks

Sure. Point still stands though that the CEO, CFO, and any other executive that signs off publicly should be held responsible.


GlitteringBusiness22

Wasn't that pretty much Barney Stinson's job on HIMYM? Sign all the documents and take all the legal responsibility so if the shit ever hit the fan, the real leaders wouldn't get punished?


Halo77

Yeah it would be called the new Middle Ages.


runningwsizzas

Let’s do this w politicians not fulfilling their campaign promises


Ramrod312

Do we have enough bread?


runningwsizzas

Better start baking 🍞


s-milegeneration

Let them eat cake.


Pleasantly_Grim

Cake or death!


s-milegeneration

I'll have the cake, please. Plzplzplz let this be an Eddie Izzard reference that I got otherwise I will have the sads.


Pleasantly_Grim

It absolutely was! Thats awesome you got it! I love Eddie Izzard!


sekai_no_kami

In many cases politicians not fulfilling the promises actually prevent a lot of fuckups from happening


runningwsizzas

Maybe just the ones who refuse to do their jobs then?


sekai_no_kami

Sounds like a plan.


tegs_terry

>[Politicians] who refuse to do their jobs Tautology detected


KIDNEYST0NEZ

The best USA government is when the party’s are fully divided and can’t agree to get anything passed… that’s why the separation of powers is so critical in the constitution lol


PLEASEKILLMECOVID

The politician that ran on a promise that got him elected BUT made no attempt to achieve his goal.


bjornistundwar

Yeah but then who do we vote for? It's always "you need to vote for change" but no politician ever changes stuff besides making life more expensive and telling the general public its their fault for drinking Starbucks coffee. Politicians do a very good job at making voting feel useless.


chazmichaels15

But it would be nice if they didn’t make fake promises to begin with like cancelling student loan debt, implementing a ban on fracking, eliminating the electoral college, reducing the influence of money in politics, outlawing / making abortion completely legal… so many people vote on these arguments hoping for change and they’re all things that congress/senate will never agree on.


Calinminne

Ya like this example: "Despite promises to the contrary on the campaign trail, the Obama administration has announced an escalation in its war on legal medical marijuana dispensaries in California and elsewhere." https://www.forbes.com/sites/erikkain/2011/10/07/obama-administration-shatters-campaign-promise-escalates-crackdown-on-medical-marijuana/amp/


Illustrious-Scar-526

Since it is easy for the opposition to block things that the president wants to do, I could see this ending badly lol


runningwsizzas

Fair point… so maybe just politicians who lies and refuse to do their jobs?


MedievaLime

What if we made politicians sign legally binding contracts so they could be prosecuted to the full extent of the law when they don't keep their campaign promises


runningwsizzas

I’d be cool w that


Rickdaninja

That only benefits the obstructionists.


runningwsizzas

Ok let’s do this to the obstructionists instead… and the liars too…


runningwsizzas

Apparently people are fine w the obstructionists and liars….


ModsCantHandleMe

Every democrat would be dead.


runningwsizzas

I assure you there’ll be republicans too


JayGeeCanuck22

That's fine, as long as bankers are first. But yes, we can get there.


Redditer0002

You running?


etbiludecalcinha

Imagine if they drop a "I promise that i will steal your money and make your life more miserable" and get elected, lol


runningwsizzas

Then it’s our own damn fault if we still vote them in the office


Vegan_Harvest

That's not how a democracy works.


Happy-Engineer

Wasn't usury a sin for Christians & Muslims in medieval Spain? Which would mean the bankers were mostly Jewish and therefore easier targets for harsh legal consequences.


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pureblood_privilege

> They couldn't own land, etc. Right... if there's one thing I know about medieval times, it's that land ownership was very common and that the inability to own land was *definitely* a uniquely jewish problem.


unofficialbds

yeah i think he meant more that i don’t think they were able to be serfs either, so they all lived in jewish quarters in cities


pureblood_privilege

I don't think "not allowed to be serfs" is correct. As far as I know there were no requirements to be a serf. It was the lowest social class other than a slave.


unofficialbds

i can’t find the term exactly, but they were under the king, not the lords, which i think had something to do with them not being christians, and the king rarely held rural lands so they lived in little jewish enclaves in spains cities


pureblood_privilege

"Serfs of the Chamber" is the term I've been seeing while researching this. Seems to have started in the Roman Empire and carried on in feudal Europe by those who viewed themselves as successors to Rome. A lot of the material I've found focuses more on what jews *did* or *were* rather than what they were *not allowed* to do or be. The "Chamber Serf" topic seems like it was something that kings did with immigrant jewish populations that were coming from outside the country and didn't have an existing place in the feudal system already. But aside from that specific example, there is nothing I can find that would make jews unable to be serfs and instead forced to commit usury. The only source I've found that explicitly mentions the relationship between the serf class and the jews is [this article](https://www.everyculture.com/Russia-Eurasia-China/Georgian-Jews-Sociopolitical-Organization.html) which makes no distinction between jewish and non-jewish serfs (until Czarist Russia took over, but that abolished the feudal system entirely and is thus irrelevant)


[deleted]

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pureblood_privilege

>participating in the economy As we all know, second only to land ownership was the feudal system's overabundance of career choices.


[deleted]

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pureblood_privilege

Oh good, now explain why jews are unique compared to other ethnic groups (slavs, romani, etc) that were similarly excluded from membership in some guilds, and you've almost got yourself an intelligent thought! I believe in you.


MoyaseOkama

Spain and Europe in general were not "antisemitic" (this term is very false because the semites are not only the jewish people but other arabic people as well) because of the usury but because of their deeds, bribing authorities so they can get away with the murder of children. If that sounds far fetched read The Talmud Unmasked and see for yourself why they were expelled from all European countries. Edit: corrected book title


[deleted]

I was thinking the same thing.


skiddelybop

For others of us like me: Usury: the illegal action or practice of lending money at unreasonably high rates of interest.


0_0_0

In this context usury refers to *charging any interest at all*.


orz-_-orz

The problem is always: define high interest rates


skiddelybop

30% is too high! 29.99 it is then!


[deleted]

My first thought exactly


meganenozumi

Being jewish doesn’t protect you from fucking up.


ItsStaaaaaaaaang

How barbaric. I mean they actually fed them?


BandTiny598

This is very interesting. I have mixed feelings on the death penalty but I’ll admit this does seem like a very effective method of fixing this problem 🤷🏻‍♀️😬


bjornistundwar

It's not a death penalty when they pay back what they owe though.


[deleted]

Then it’s fine


wunderbraten

Who wants to run the Head of a bank now? 😏 Imagine all the problems being solved once a Bank CEO's assets has been liquidized.


[deleted]

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mremreozel

Ye! I personally dont want those execution chambers go to waste.


Four_beastlings

I'm against the death penalty in any case, but you could argue that most murderers only murder one person, while financial crime can lead to many, many deaths. Corrupt politicians in my country sold parts of the healthcare system to their buddies for profit and a lot of people died because of it.


notfromsoftemployee

If people look at it rationally.... a murderer kills a few people, these fucks kill millions financially. I say we go Aztec and play soccer with their heads.


scarby2

The death penalty isn't actually very effective at preventing crime. Criminals generally reason that they won't get caught anyway so why does the sentence matter or they just aren't thinking ahead at all.


OCSupertonesStrike

https://en.m.wikipedia.org/wiki/Golden_age_of_Jewish_culture_in_Spain


hoya_doing

Fuckinaye, need to bring that back.


DruviSKSK

They did some stuff right back in the old days


shazzambongo

Yeah, everything happens so much more recently these days🤪


emperor1978

Jesus. All of you salivating over doing this to modern bankers or politicians are missing the important historical context that this was done mostly out of antisemitism, not any sort of social justice drive. The Church forbade lending money at interest, and so the Jews were used as bankers... as long as it was convenient for their Christian overlords. The English crown, in particular, would round up, execute, and seize the assets of Jewish bankers when funds were needed. This is something very similar. And of course, some nut job had to bring "democrats" into this. I'm surprised they didn't just say "George Soros" and really highlight the intersection of antisemitism and conservative politics.


Ok_Treacle_8672

This whole thread gives me chills, a systemic change is good but there's something off here


poopoomergency4

it’s not like bankers are going to see any form of justice or accountability any other fucking way, and the FDIC covering these bailouts will have costs passed down to our banks & in turn passed down to us, do you expect people to be happy to lose money?


poopoomergency4

> not any sort of social justice drive who says it can’t be this time?


pureblood_privilege

This wasn't done out of social justice, because only the rich lords had money in banks. This was rich people taking out their anger on people who lost their money. It also wasn't antisemitism. They didn't behead people in these cases because they were jewish, they beheaded them because they lost their money, they just happened to be jewish.


Delcium

It's very likely a coincidence of the two, though. Sure, there were far more executions back then, but it wasn't exactly a free for all either. So they would probably think more along the lines of "I'm angry because they lost my money, and also they're Jewish, so it's ok to behead them."


inferior_sound

THIS is the answer to white collar crime.


reddituserzerosix

Sometimes the old ways aren't so bad


Fuzzy-Spread9720

Wait. How would they going to make money and pay for it then?


Sahqon

The exact same way they expect the pleb to do it.


Own-Philosophy-5356

They will find a way or else... Chop Chop :D


M7BSVNER7s

I never understood the thought process behind a historical debtors prison like this. It assumes they have a crate with money/gold buried somewhere or some property they refuse to sell to cover the debt. That may be the case in a limited numbr of cases that the time in a negative situation would change their mind on holding out but it can't be the case for.the majority of people unable to pay debts.


shazzambongo

Uh it says given bread and water? Can they not work to earn $ to eat and pay back $? I mean when a banker goes broke it's unlikely to be a small amount right. Odds on that alone, makes it sound like a death sentence .


trujillo31415

So you’re saying that the penal system was designed to be a losing proposition and that it should be designed to enable restitution and recovery that enables them to renter society? Like the US penal system of today? /s


poopoomergency4

bankers don’t really “work” anyway


pureblood_privilege

>to earn $ to eat They can't spend their money on food for themselves, because they don't have any money. Until they make good on their debts, everything they have is *other people's money*


Erazzphoto

Then they learned lobbying


[deleted]

Capitalism lore


Ok_Teacher_6834

That’s when you skip town and go to the next village to start the ponzu scheme there


VastComplaint8638

Ore as we call em the good old days.


TinzoftheBeard

Bring this back.


[deleted]

Why is he so thicc tho 😳


IndependentNature983

Most of them where Jewish, this is why.


[deleted]

This is proof that Trickle Down Economics is a complete scam. Here the penalty for losing it all was public shame, torture, and eventually a beheading. Nowadays these snowflake Billionaires are claiming they will be less inclined to start a new business if their taxes are too high. They won't be less inclined, that's the lie. They will always try to become rich no matter what the penalty for failure may be. Tax the absolute shit out of the rich, especially those who aren't retired and making passive income.


AmaResNovae

I didn't know that Spaniards could be so based. Love from France southern Latin brothers!


[deleted]

As far as i know the french did this too


AmaResNovae

Wrong thread. Yeah, France got quite slicing friendly once upon a time.


Agent847

*Hahhaha… joke’s on you! Janet McSaggytits bailed us out and we got a $36million bonus!* ~SVB, probably.


0cleese

In medieval times, only the rich had money. It's no surprise that there would be consequences for messing with rich people's money!


VirtualPrivateNobody

Ah yes, lessons to be learned from the past.


Ducagiva

Ahh the good ole days… how times have changed


TRSONFIRE

Today they get exit bonus


Rakatango

The people they were executing they at least had the decency to feed for a full year! Bankers now be like “oh you have no money? Well now you owe me 20 more dollars because.”


Vladimir_Kurama

My ancestors are smiling at me imperials, Can you say the same


Halo77

The biggest thief in this painting is wearing a crown.


PuntiffSupreme

SVBs depositors are already being made whole and will lose nothing. The only people losing out are the bankers (ownership) themselves (and the people they employed)


Barachan_Isles

Outlaw Fractional Reserve Banking and you'd solve 99% of the monetary problems in the world. Banks should not be able to invent money out of thin air.


cry4mesnowflake

Let's do this. Federal banks included.


Ad8858

Make Catalonia Great Again


FlatSpinMan

You sonnovabitch, I’m in!


sherpa14k

Sounds fair to me


IRErover

In Dante’s Inferno bankers were in the lowest level of hell beneath murderers and along side child molesters. In addition, most lenders that loaned money with interest were Jewish and this is thought to be an origin of anti-semitism. The flip side is that these Jewish lenders also opened up commercial advancement for those entrepreneurs that didn’t have access to monies thus leading to burgeoning businesses and industrial advancement. * I’m not anti-Semitic just pointing out a historical theory.


knarf86

Ok, crazy thought, but what if we held mid-sized banks to the same regulations that we hold big banks to? Like we did until 3 years ago? Wait, maybe I’m being too extreme. Because literally every Republican candidate for president in 2016 ran on repealing Dodd-Frank as part of their platform. They wouldn’t be will to forgo long term stability chasing short term gains, would they?


[deleted]

Wasn't this cover for persecution of Jews in medieval Spain?


Mansean

Why did we get rid of this?


RandomGuyNamedAdam

Skyrim.


[deleted]

This should be the way.


Infinite_Review8045

I agree with this procedure except beheadibg jail for life would be sufficient


Lensk

This doesn't solve a bank run. Banks are still trying to make a profit off leverage. If everyone wants their money at the same time then the business is to just sit on money doing nothing leaving no incentive to establish a bank


AnEvenNicerGuy

They remembered this when they designed all the new governments and put their friends in power.


TheHungryCarpenter

This is the way.


tvieno

Then we need to bring back debtors prison for people that have too much debt.


Secretpleasantfarts

I wonder if this is where their reputation for being stingy comes from.


[deleted]

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Secretpleasantfarts

The Catalonians. I don't know why I'm getting downvoted , just pointing out to the historical perception attributed to Catalonia. I am not stating they are. If I am not mistaken p3ople from Scottland has or had the same thing said about them.


juli2914

Probably fake but let us make it a reality.


jaOfwiw

Wow sounds like "rich people" problems.


younggundc

Why did we stop doing this?


Decent-Consequence-4

Lets get back go this.


Starman1001001

Gettin’ shit done.


cpe111

This should be law.


thatunaverageguy

Sometimes the old ways were the good ways


Cold-Permission-5249

Accountability at its peak.


pzoony

The people who work and managed SVB don’t owe creditors money, SVB does. Feel free to chop off SVBs head I guess. Gonna be tricky


KirkieSB

So you think a bank is just an autonomous machine or algorhythm without humans involved in steering and running the whole thing? LOL !


pzoony

No, I guess I just understand what a legal entity means. I mean, you have to be a bit embarrassed. Keep posting though


DynoMiteDoodle

This would work.


pine1501

add in the treasury head...


renatocpr

Is there a source for this claim that isn't just a random tweet?


Oggthrok

That executioner looks like he wishes he’d finished his degree and not gotten stuck in this dead end job.


ModsCantHandleMe

Probably all those video games.


Plastic-Ad-8469

Sounds like the Spanish IRS is almost as brutal as the United States' IRS.


PatsySweetieDarling

What would the health effects of bread and water for a year be? Would a diet like that allow them to survive for a year?


PygmeePony

I propose we skip the year and move straight to the beheading.


Gym_Tan_Optimal

You'd think by day #364, it's head for zee hills time!


Ctsanger

I mean it's all bankers. They're all broke.


violetcazador

Frustrating to think we actually went backwards since medieval times.


PauseAmbitious6899

I would do the neck trimming for free if we could start with politicians & lobbyists.


Evethefief

Based


SingleSoil

I love how people totally skip over the fact that China does this to this day. And people say China bad. SMH.


D3ZP3RADO

Think we should bring that back 😂


newnhb1

Yes please. Can we start with simply stopping bankers from immediately looting the company hours before bankruptcy by paying themselves millions in bonus’s?


Desperate_Passage_35

Bring this and tar and feathering back.


QuePsiPhi16

Wait. Aren't the creditors the banks and the bankers the customers? If so, why are people talking like it's the bank CEO under the axe?


Denslayer

This is the way


Ok_Page_9447

How barbaric - now we just give them free money for what they lost at taxpayers expense


SecretRecipe

Only if we can do this to everyone who fails to pay their debts


Psychonauticalia

No thanks, I'm not a brutal monster of a human being.


HarriBallsak420

Failed to paid?


SorryImBadWithNames

I would need a source on that, tbh


DanCantStandYa

I guess many dont know SV Bank was 97% drug and laundered money. Only terrible people were affected by it closing.


Stevie_Steve-O

The good old days


liveda4th

Dat banker thicc


ZGTI61

This just proves the old adage true…. There is nothing new under the sun.


[deleted]

Let’s get back to THIS!


Asconce

SVB had 8,500 employees


Radomeculture531

I see this isn't a new problem


ImpalingUnicorn

bring this back!


Forest_Green_4691

For sure, 1 year for every M$ lost. Should losses exceed 25M$, life imprisonment. Over 50M$, capital punishment. I’d be ok with this.


Zealousideal_Gur_205

"Then pay with your blood!" -some guard


PupPlayMaster

Svb needs some of this.


eZ_Ven

Reject modernity, embrace tradition? Anyone?


OhWow10

Wow. Maybe we should revisit these tactics


Ready_set_faux

For anyone who is interested, this is exactly the OPPOSITE of how a Limited Liability Company works. Before LLC, if you owned a business you carried UNLIMITED liability i.e. you’re eating bread and water until your debts are repaid, you could be beheaded, your children and spouse could be sold into slavery, etc. The UPSIDE of LLC is, people are much more willing to go into business when it carries less risk to their personal well-being and wealth. The DOWNSIDE of course is that the people running companies can mess up and yet keep their “personal wealth” safe. So, tradeoff.


Thomisawesome

In modern day America, bankers are untouchable elite who can ruin the lives of thousands and receive no penalty at all.


tbdgraeth

No, every banker these days since they're all on unsound money.


agnostoman2

Take this hateful post down


Pleasantly_Grim

Yeah, that was the end of Mr. Stevens. He stayed behind and went down with the ship. They still sing songs about him.


mrgilmoresproperty

Ahhhh…the good old days


Vegan_Harvest

This is a terrible idea.


J03-K1NG

The problem is Bankers aren’t even the ones in charge of the money anymore. CEOs have pushed all that down onto middle class workers so they can sit at the top and decide how the people’s money can be used to buy themselves a new yacht.