https://news.sky.com/story/royal-ba...oked-about-ruining-us-housing-market-11473390 More banking corruption. $4.9bn in penalties. The language of the bankers was eerily familiar in attitude of what we heard from the Anglo Tapes. We are talking about gargantuan sums of money being traded by, as one trader put it ,"every type of scumbag". The penalties alone are huge but probably pale into near insignificance relative to damage they have done to economies around the world and the subsequent political upheaval being witnessed. RBS, Anglo Irish, Wells Fargo, Goldman Sachs, Deutsche, JP Morgan...et al. Surely the banking system must now be considered the biggest mafia empire ever? While the public, politicians and media squabble over welfare payments, €5 pension increases, the cost of childcare, budget deficits, etc...the criminal empire that is the global banking system continues unabated. Its not even so much that they have committed mass financial fraud, more that they can continue on basically under the same rules that allowed them to commit fraud in the first place. If I put 12 pts on my drivers license, I lose it. Mass financial fraud? Just pay the fine (if caught) and carry on.