Vietnam Is Sentencing Corrupt Bankers to Death by Firing Squad

[eridani]

Sounds good to me.

http://readersupportednews.org/news-section2/345-justice/22925-vietnam-is-sentencing-corrupt-bankers-to-death-by-firing-squad

For the most part, American bankers whose rash pursuit of profit brought on the 2008 global financial collapse didn’t get indicted. They got bonuses.

Odds are that scandal would have played out differently in Vietnam, another nation struggling with misbehaving bankers.

The authoritarian Southeast Asian state doesn’t just send unscrupulous financiers to jail. Sometimes, it sends them to death row.

Amid a sweeping cleanup of its financial sector, Vietnam has sentenced three bankers to death in the past six months.

One duo now on death row embezzled roughly $25 million from the state-owned Vietnam Agribank. Their co-conspirators caught decade-plus prison sentences.

In March, a 57-year-old former regional boss from Vietnam Development Bank, another government-run bank, was sentenced to death over a $93-million swindling job.

According to Vietnam’s Tuoi Tre news outlet, several of his colluders were sentenced to life imprisonment after they confessed to securing bogus loans with a diamond ring and a BMW coupe. And last week, in an unrelated case, charges against senior employees from the same bank allege $47 million in losses from dubious loans.

None of this would impress Bernie Madoff, mastermind of America’s largest ever financial fraud scheme. The combined amount from all three Vietnamese cases adds up to less than 1 percent of his purported $18-billion haul.

But these death sentences nevertheless are high profile scandals in Vietnam.

[Recursion]

1. It does?

You're sure the ones dying are actually the ones who deserve it?

Interesting.

[Fumesucker]

2. Giving the corrupt bankers bonuses instead would discourage the behavior even more

Everyone knows that.

[Recursion]

3. *shrug* we're talking about the death of a human being

I don't know. I'm enough of a Jacobin to be on-board, but it seems risky.

[Fumesucker]

6. I'm against the death penalty in all cases

Not just in the case of high level ripoff artists who were driven entirely by greed.

[LuvNewcastle]

4. I'm not in favor of the death penalty, but a lot of those banksters ought to be

in prison for life. Many of them have ruined far more lives than any serial killer ever did, and they're sociopaths as well.

[eridani]

5. I probably would't despise them that much had their crimes been taken seriously--

--in the first place.

[LuvNewcastle]

7. Yes, I probably wouldn't, either. This is as much our government's fault

as anyone else's.

[Ilsa]

9. And I doubt we'll ever know how many suicides

were caused by their thievery.
Life in prison works for me.

[Dorian Gray]

10. Agree

I don't like that they are shooting them via firing squad. But an aggressive penal system and sentencing for financial crimes would go farther toward deterring such crimes.

[toddwv]

15. Hmmm...

Get caught with a couple ounces of weed in many states and the cops can seize all your assets and possession.


Rip a few thousand or hundred thousand people off making them lose their homes, life savings, retirement etc. and you get a big fat bonus and government assurance that your bank is to big to fail.

What a crock of shit.

[smokey nj]

19. I think they should be sentenced to a life of poverty. I think that would have more of an

impact than prison time.

[jollyreaper2112]

8. I like the idea of shooting bankers

Given how these communist countries work, it isn't justice, more like these guys lost at game of thrones. Either they directly screwed up vs another rival if they are party men or they were small enough fish on the outside that they had no patrons, no protection.

By way of comparison, look at the US. We actually have jailed a few people in relation to the financial crisis but they are all sacrificial lambs. How many CxO's have we seen go down? The biggest fish I can immediately think of was an Indian CEO which just makes me think the boys at tr club weren't going to stick their necks out for a foreigner.

I would bet a bowl of pho that they haven't even touched the biggest culprits here.

[Caretha]

11. I'm against the

death penalty, but a little creative punishment would go a long way.

Personally I like the thought of parading them on national television tarred & feathered in their birthday suit.

[The Wizard]

13. How about

having them in a naked Jello wrestling match and put on Pay Per View. Or just forced to roll around in fiberglass insulation.

[Caretha]

14. I vote

fiberglass insulation.

Jello wrestling has been over done.

[totodeinhere]

12. You mean that Commie regime in Viet Nam that we spent millions of dollars

and thousands of American lives fighting only to lose? Go figure.

[Wilms]

16. Life sentence in the Hanoi Hilton would seem sufficient.

But, I understand the sentiment...completely.

[Zorra]

17. Life in a nasty max security prison, without parole, and forfeiture of all assets to be distributed

to the victims, would be almost as effective a deterrent as execution.

[TheKentuckian]

18. I don't believe in the death penalty but I don't buy "looking forward" either.

A few decades in prison and confiscation works as a middle ground for me.

[Octafish]

20. Kick and a Big Rec.

Personally, I would go with life imprisonment without possibility of parole.

However, if pressed for capital punishment, I would suggest banksters go with the rabid North Korean dog approach, but this works.