{"id":609,"date":"2012-08-14T22:35:51","date_gmt":"2012-08-14T20:35:51","guid":{"rendered":"http:\/\/www.calvert.ch\/maurice\/?p=609"},"modified":"2012-08-14T22:36:22","modified_gmt":"2012-08-14T20:36:22","slug":"banking-lies-and-hypocrisy","status":"publish","type":"post","link":"https:\/\/www.calvert.ch\/maurice\/2012\/08\/14\/banking-lies-and-hypocrisy\/","title":{"rendered":"Banking, lies and hypocrisy"},"content":{"rendered":"<p>So <a title=\"S&amp;C get a huge fine\" href=\"http:\/\/www.reuters.com\/article\/2012\/08\/14\/us-standard-chartered-probe-idUSBRE87D0B520120814\">S&amp;C get a huge fine<\/a>\u00a0for having traded with Iran. Naughty boys. In our capitalist society, nobody will question that banks are there to make money, which by definition is odourless. Punishing a bank for dealing with X is morally identical to punishing Smith and Wesson when a gun they manufactured is used to kill X. If a criminal steals a gold ingot and buries it, are you going to take the soil to court? Going after banks is no more than a short-cut to apprehending the criminal in the first place. Much easier of course, but fundamentally incorrect.<\/p>\n<p>Lest I be misunderstood, I have not the least sympathy for bankers and their ilk, but &#8220;money-laundering&#8221; is a euphemism for &#8220;finding the criminal is too much effort&#8221;; there&#8217;s nothing wrong with looking after X&#8217;s money; if X got it illegally, then have him punished for his crime. Smith and Wesson anybody?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>So S&amp;C get a huge fine\u00a0for having traded with Iran. Naughty boys. In our capitalist society, nobody will question that banks are there to make money, which by definition is odourless. Punishing a bank for dealing with X is morally <a href='https:\/\/www.calvert.ch\/maurice\/2012\/08\/14\/banking-lies-and-hypocrisy\/' class='excerpt-more'>[&#8230;]<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[],"class_list":["post-609","post","type-post","status-publish","format-standard","hentry","category-finance","category-law","category-3-id","category-6-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/posts\/609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/comments?post=609"}],"version-history":[{"count":4,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/posts\/609\/revisions"}],"predecessor-version":[{"id":613,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/posts\/609\/revisions\/613"}],"wp:attachment":[{"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/media?parent=609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/categories?post=609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/tags?post=609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}