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Pat Robertson: We Need To Jail The Bankers Who Caused The Financial Crisis

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» 56 comments

On The 700 Club this week, Pat Robertson discussed the banking crisis and glowingly spoke about how Iceland jailed many of the bankers who devastated their nation’s economy by taking out fraudulent loans. Robertson hailed the Nordic nation for its actions and said that Americans should deal with the financial crisis in the same way. “Guess what country is getting itself out of a financial problem by some draconian measures?” Robertson asked his co-host Terry Meeuwsen. “Greece?” she asked. “No, not even close. Iceland!” Robertson exclaimed. “They are putting people in jail. Prime ministers are being indicted. They are going after banks. The people said the banks are ripping us off. We don’t like what they did, and they brought our country to ruin. Suddenly, Iceland is turning around and they look like a big success story!”

“Think we could learn something?” Meeuwsen asked.

RELATED: Alan Grayson Gets Standing Ovation While Bill Maher Panel Mocks Occupy Wall Street ‘Hippies’

“We sure could!” Roberson continued. “We could start putting all of those bankers in jail. There was not one banker prosecuted and so many people were lying, and so-called “no-doc loans” and liars’ loans, and none of them have been held accountable. I’m not for putting people in jail. I’m sick of these — we’ve got too many penalties. Too many penalties, too many criminal sanctions, too many people in prison. But here is an opportunity for the people who wanted, you know, to enforce laws, to enforce that one. There must be some laws against lying on documents. I’m sure there are.”

“Lying to banks is a super no-no,” he added. “It has criminal sanctions, but nobody so far has had to pay the price, but Iceland is leading the way and their GDP is growing, and all of a sudden, they were in a terrible mess, terrible mess, and look what is happening!”

Watch the segment below via CBN:

(h/t Republic Report via Reddit)

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  • WiddleBabyDanielson

    Let ME be the first to call Pat Robertson a RINO.

  • http://pulse.yahoo.com/_WH3ZLMM7CUKUHUIMK4TKXW6SQE John

    I believe it’s only the Tea Party that wants to audit/end the Federal Reserve and crack down on the corrupt banking system.  The Obama administration hasn’t put these people in jail… they have actually put them in charge.

  • Anonymous

    Agreed, We should start with George Soros and all of CITI bank.

    Disclaimer: I hate every iota of that serpent CITI bank. 

  • Anonymous

    We need to put righteous religious predatory pulpit preachers who espouse religious issues and make them law of the land in prison. The draconian efforts of numerous right-winded politicians should also be sent to prison along side of Robertson and Santorum.

  • Anonymous

    he’s not a RINO
    he’s a commie pig!

  • AIiveStiIIKickin

    Chris Dodd and Barney frank belong in Gitmo serving life for economic terror.

  • AIiveStiIIKickin

     Sorry…Lambchop….That privilege is reserved for American Patriots only.
    You MAY call Obama a Muslim though.

  • Anonymous

    LMAO! Pat Robertson throwing republicans under the bus! These guys are making daily campaign ads for President Obama 

  • BooBoo Bear

     He lies like a snake too. He once was peddling his energy drink to his flock saying that it gave him enough energy to do 2000 pound leg presses. It took me a few seconds to figure out just how that could be true. He as well as anyone that isn’t a paraplegic, can press the gas pedal of their car.

  • Gregory Williams

    Is this more of the fracturing of the republican party? Has he started to grow a heart? is he off the Kool-aid?

  • http://pulse.yahoo.com/_TWK2YYJTTIDLZIVV7NKZM23Z6Q Tyler

    Where has he been? This happen 4 years ago.  

  • Anonymous

    I’m not so sure there’s a clear line of demarcation between Pat and those sleazy, amoral, bankers.  He came in with them. 

  • Anonymous

    He’s off his nut, as of well, always.

  • Just some Blow Hard…

    I will take this time to post a few passages from my personal lord and savior from his gospel.  They really do go well with this story.

    http://youtu.be/MeSSwKffj9o

    http://youtu.be/acLW1vFO-2Q

    truth

  • WiddleBabyDanielson

     GFY

  • Charles Ulysses Feney

    Financial Crime Bosses To Suffer Cranial Losses!

    In light of current economic facts,
    We need to amend the Patriot Acts
    To cover financial crimes
    In these desperate times
    And give derivative pirates the Axe!

    This economic demolition was intentional
    Created by banking products unconventional
    Huge bonuses for the bosses
    Then they socialize the losses
    Manipulating markets in ways indefensible

    Let us expand the definition of “terror”:
    Include those who profit from banking error.
    If you commit financial crime
    You’ll do Guantanamo time,
    For no longer will the people be last debt bearer.

    For those who engineered this Debt Machine,
    And were compensated at rates truly obscene,
    We’ll hold a trial fair
    In a televised public square
    And then introduce them to Madame Guillotine!
    _______________________________
    Charles Ulysses Feney

  • Anonymous

     Still reading through those piles of newspapers in the hallway of his mansion.

  • Hout Bosques

    Marxist weinie.

  • Hout Bosques

    Citibank was among the six Wall Street banking & insurance enterprises, plus the two top ratings agencies, that had the most to do with the use of monetized investment instruments relying on grotesquely collateralized mortgage debt, & all eight were way more destructive than the two FMs. 

    But Soros? I don’t think you have Clue #1 about what Soros does for a living. For starters, Soros isn’t only not a bankster, he’s not even a banker. Instead he heads an umbrella group that oversees a number of private investment funds, including hedge funds. Almost everything he’s done in investment since the mid-1980s has been in hedge funds, including on currencies; Soros made his name & established most of his fortune in hedge funds that exploited the adjustments in the creation of the euro, primarily buying & selling future contracts on the British pound, the French franc & the euro. That was decades ago. He had nothing at all to do with the U.S. financial crisis. He was with those investors like PIMCO who identified the real estate bubble fairly early on in the 2000s & took their clients out of real estate-related investments several years before the 2008 crisis. 

  • Hout Bosques

    Sure, okay: but he’s right – first, prosecute the banksters.

  • Hout Bosques

    Complete nonsense. Frank had zero power in relation financial services until 2007, and by then it was already way too late to stop what the banksters had done with collateralized CDs. Dodd didn’t take over the Senate banking committee until AFTER that, & his main sin is in participating in the watering down of the Financial Services Reform Act – AFTER the crisis in 2008; indeed, his work was parked for a year & a half while Congress & the admininistration dealt with the STIM & Obamacare – he didn’t exercise any real power until starting in 2010. If you’re one of those idiots who’s decided to blame everything on the two FMs, that’s up to you, but you’re both wrong & self-deluded. The FMs had their part to play, but they were way less powerful in the run-up to the crisis than any of the big 6 banks & investment insurers – indeed, it was the weakness & vulnerability of the FMs that the Bush administration failed to stop being exploited by the big 6 Wall Street bankster organizations that resulted in all the byzantine investment paper being produced, none of which was produced by the FMs. What the FMs did was submit to pressure from the banking industry & the Bush administration to allow for more & more mortgages to be bought by the banking system.

  • Anonymous

    oh oh ole Pat’s a communist! 

  • Anonymous

    I was about to tell you to stick your lord and savior up …but then the video popped up :) CHURCH! 

  • Anonymous

    Is Robertson tax exempt?   

  • Anonymous

    LOL!!!

  • http://www.facebook.com/people/Neil-Murphy/100000566621491 Neil Murphy

    50 billion dollars to bail out GM, record year 2011, hammered home as a success, GM paid ZERO INCOME TAX. ScmSKing union maggots pocket 7thousand dollar bonus… the partner in crime
    GE, billions of shovelled dollars to post an 18 BILLION dollar profit (1 year) ZERO income tax. Thousands of jobs outsourced to CHINA. Someone should tell the jobs czar. wait he might now already since he is the CEO.
    in the insult to injury department the 10thousand dollar subsidy on the volt, guess whos buying them? GE. So Tax dollars to make the car tax dollars to buy the car. wash rinse add 10thousand bux for every unit
    insert lameass 1%er talking points, stir it up with fair share, add the comment about buffets secretary paying more taxes than two who the largest corporations on earth who have devoured almost 100billion dollars between them with more shoveling in every day.
    Since she is a WHR for Obama she will prbably stand up and thank the mighty one for her 40dollars and free condoms.
    Yup record year 2011, 2012 looks REAL GOOD TOO, I wonder how many Volts GE can buy in a year, here is the exact number ALL OF THEM.  socan anyone explain this to me? Lets make it multiple choice.
    A- BushB- RacistC- CongressD- Osam bin LadenE- TsunamiF- TeabaggerG- Free Volts for OWS to sleep inG-Our country has been taken over by a ruthless marxist dictator wannabe hell bent on crashing our economy and destroying our way of life?
    Cmon help it make sense anyone.

  • http://www.facebook.com/people/Neil-Murphy/100000566621491 Neil Murphy

    Round them all up…Mein Fuhrer has spoken.

    50 billion dollars to bail out GM, record year 2011, hammered home as a success, GM paid ZERO INCOME TAX. ScmSKing union maggots pocket 7thousand dollar bonus… the partner in crime
    GE, billions of shovelled dollars to post an 18 BILLION dollar profit (1 year) ZERO income tax. Thousands of jobs outsourced to CHINA. Someone should tell the jobs czar. wait he might now already since he is the CEO.
    in the insult to injury department the 10thousand dollar subsidy on the volt, guess whos buying them? GE. So Tax dollars to make the car tax dollars to buy the car. wash rinse add 10thousand bux for every unit
    insert lameass 1%er talking points, stir it up with fair share, add the comment about buffets secretary paying more taxes than two who the largest corporations on earth who have devoured almost 100billion dollars between them with more shoveling in every day.
    Since she is a WHR for Obama she will prbably stand up and thank the mighty one for her 40dollars and free condoms.
    Yup record year 2011, 2012 looks REAL GOOD TOO, I wonder how many Volts GE can buy in a year, here is the exact number ALL OF THEM.  socan anyone explain this to me? Lets make it multiple choice.
    A- BushB- RacistC- CongressD- Osam bin LadenE- TsunamiF- TeabaggerG- Free Volts for OWS to sleep inG-Our country has been taken over by a ruthless marxist dictator wannabe hell bent on crashing our economy and destroying our way of life?
    Cmon help it make sense anyone

  • http://www.facebook.com/people/Neil-Murphy/100000566621491 Neil Murphy

    Yes patriot act to cover financial crimes, then Obama wont have to listen to all this cut spending crap.

    Financial crimes?

    50 billion dollars to bail out GM, record year 2011, hammered home as a success, GM paid ZERO INCOME TAX. ScmSKing union maggots pocket 7thousand dollar bonus… the partner in crime
    GE, billions of shovelled dollars to post an 18 BILLION dollar profit (1 year) ZERO income tax. Thousands of jobs outsourced to CHINA. Someone should tell the jobs czar. wait he might now already since he is the CEO.
    in the insult to injury department the 10thousand dollar subsidy on the volt, guess whos buying them? GE. So Tax dollars to make the car tax dollars to buy the car. wash rinse add 10thousand bux for every unit
    insert lameass 1%er talking points, stir it up with fair share, add the comment about buffets secretary paying more taxes than two who the largest corporations on earth who have devoured almost 100billion dollars between them with more shoveling in every day.
    Since she is a WHR for Obama she will prbably stand up and thank the mighty one for her 40dollars and free condoms.
    Yup record year 2011, 2012 looks REAL GOOD TOO, I wonder how many Volts GE can buy in a year, here is the exact number ALL OF THEM.  socan anyone explain this to me? Lets make it multiple choice.
    A- BushB- RacistC- CongressD- Osam bin LadenE- TsunamiF- TeabaggerG- Free Volts for OWS to sleep inG-Our country has been taken over by a ruthless marxist dictator wannabe hell bent on crashing our economy and destroying our way of life?
    Cmon help it make sense anyone

  • J.Glovington Donahue 3rd

    Who would be the 700 Club’s most loyal viewer? Media Matters.

    “Officials at the National Religious Broadcasters organization say they would support the government conducting an investigation into the non-profit tax status of Media Matters after The Daily Caller reported that the liberal group took a $50,000 grant to monitor and attack religious broadcasts.”

    http://dailycaller.com/2012/02/20/religious-broadcasters-want-irs-investigation-of-media-matters/#ixzz1n0sUeg6r

  • sid_id

    Obamas new chief of staff is Jack Lew. He used to work for Citigroup. His predecessor is Bill Daley, who used to work for JPMorgan Chase. Bill Daley replaced Rahm Emanuel, who once worked for a Wall Street firm where he was paid $18.5 million in less than three years. Jack Lew, comes from Obama’s OMB, where he replaced Peter Orszag, who now works as vice chairman for Citigroup. I find it appaling the number of high-ranking Obama officials who have spun through the revolving door between the White House and investment banking.
     
    Obama’s administration has also provided the banks with billions of low-cost dollars they used for high-yielding investments to make big profits. The largest banks are actually bigger than they were when he took office. And earned more in the first two-and-a-half years of his term than they did during the entire eight years of the Bush administration.
     
    Now his new best friend is Robert Wolf, top dog at the U.S. branch of the giant Swiss bank UBS, the very bank that helped rich Americans evade taxes. They play golf and  basketball together when Wolf is not raising money for the President’s re-election campaign.

    Under Obama, there has been so much abuse and misuse of government power for private ends and private gains, that now we have an entitled class in this country of Wall Street financiers and of corporate CEOs who believe the government is there to do what is ever necessary if it involves tax relief, tax incentives, tax cuts, loan guarantees, Federal Reserve market intervention and stabilization. Whatever it takes in order to keep the game going and their stock price moving upward. 

  • J.Glovington Donahue 3rd

    True. Obama is such a lightweight, even Pelosi laughs at him.

    “The best ticket in town would be a debate between Congressman Paul Ryan and Barack Obama regarding the huge deficits and debt Obama has imposed on us and our children.

     Ryan has a fluency and knowledge of these vital issues that dwarf those of Obama.  Instead of cooperating with Ryan, he ambushes and insults him in public and for good measure later insulted opponents of his job bill for being unable to understand the “whole thing at once” so “we’re going to break it into bite-sized pieces.”

    Psychologists would call this “projection.”

    http://www.americanthinker.com/2012/02/how_obama_makes_decisions.html#ixzz1n1F4sRH5

  • Anonymous

    I look forward to see the video of Robertson leading an Occupy march.

  • Anonymous

    And yet if you asked most tea partiers whom they voted for in 2000 and 2004 I think you’d find that an overwhelming majority supported Bush. So it begs the question, what credibility does the tea party have on matters of fiscal policy when they helped enable the administration most responsible for the economic meltdown?

  • http://www.facebook.com/people/Neil-Murphy/100000566621491 Neil Murphy

    Im pretty sure you have an idea who george Soros is and its a lot different from what you say it is.

  • http://www.facebook.com/people/Neil-Murphy/100000566621491 Neil Murphy

    Fiscal policy? I challenge all you libtards to defend this fiscal policy. blame bush, so lame, so transparent.

    50 billion dollars to bail out GM, record year 2011, hammered home as a success, GM paid ZERO INCOME TAX. ScmSKing union maggots pocket 7thousand dollar bonus… the partner in crime
    GE, billions of shovelled dollars to post an 18 BILLION dollar profit (1 year) ZERO income tax. Thousands of jobs outsourced to CHINA. Someone should tell the jobs czar. wait he might now already since he is the CEO.
    in the insult to injury department the 10thousand dollar subsidy on the volt, guess whos buying them? GE. So Tax dollars to make the car tax dollars to buy the car. wash rinse add 10thousand bux for every unit
    insert lameass 1%er talking points, stir it up with fair share, add the comment about buffets secretary paying more taxes than two who the largest corporations on earth who have devoured almost 100billion dollars between them with more shoveling in every day.
    Since she is a WHR for Obama she will prbably stand up and thank the mighty one for her 40dollars and free condoms.
    Yup record year 2011, 2012 looks REAL GOOD TOO, I wonder how many Volts GE can buy in a year, here is the exact number ALL OF THEM.  socan anyone explain this to me? Lets make it multiple choice.
    A- BushB- RacistC- CongressD- Osam bin LadenE- TsunamiF- TeabaggerG- Free Volts for OWS to sleep inG-Our country has been taken over by a ruthless mar xi st dictat or wannabe hell bent on crashing our economy and destroying our way of life?
    Cmon help it make sense anyone

  • http://www.facebook.com/people/Neil-Murphy/100000566621491 Neil Murphy

    Fiscal policy? I challenge all you libtards to defend this fiscal policy. blame bush, so lame, so transparent.

    50 billion dollars to bail out GM, record year 2011, hammered home as a success, GM paid ZERO INCOME TAX. ScmSKing union maggots pocket 7thousand dollar bonus… the partner in crime
    GE, billions of shovelled dollars to post an 18 BILLION dollar profit (1 year) ZERO income tax. Thousands of jobs outsourced to CHINA. Someone should tell the jobs czar. wait he might now already since he is the CEO.
    in the insult to injury department the 10thousand dollar subsidy on the volt, guess whos buying them? GE. So Tax dollars to make the car tax dollars to buy the car. wash rinse add 10thousand bux for every unit
    insert lameass 1%er talking points, stir it up with fair share, add the comment about buffets secretary paying more taxes than two who the largest corporations on earth who have devoured almost 100billion dollars between them with more shoveling in every day.
    Since she is a WHR for Obama she will prbably stand up and thank the mighty one for her 40dollars and free condoms.
    Yup record year 2011, 2012 looks REAL GOOD TOO, I wonder how many Volts GE can buy in a year, here is the exact number ALL OF THEM.  socan anyone explain this to me? Lets make it multiple choice.
    A- BushB- RacistC- CongressD- Osam bin LadenE- TsunamiF- TeabaggerG- Free Volts for OWS to sleep inG-Our country has been taken over by a ruthless mar xi st dictat or wannabe hell bent on crashing our economy and destroying our way of life?
    Cmon help it make sense anyone

  • http://www.facebook.com/people/Neil-Murphy/100000566621491 Neil Murphy

    Of course, expand the patriot act and give Obama even more power to make people disappear. Voted against my tax increase did you? Economic Terrorist, to gitmo you go. I thought Gitmo was supposed to be closed? I thought you idiots hated the patriot act? Now your true colors are really showing eh?

    Romney/West
    Beck.
    Terry.

  • http://www.facebook.com/people/Neil-Murphy/100000566621491 Neil Murphy

    Well those arent the bankers he wants to make disappear, Im pretty sure its the other ones, you know the ones he doesnt like.

    Romney/West

  • http://www.facebook.com/people/Neil-Murphy/100000566621491 Neil Murphy

    If you commit financial crimeYou’ll do Guantanamo time.

    Ok fine, criminals go to jail, can you explain why they shouldnt get lawyers and trials and stuff like that? Under the NAADA, all it takes is for Obama to point a finger.

  • Just some Blow Hard…

    So why you mad?  Tell me what the Republicans would have done different.

  • Just some Blow Hard…

     you have posted this exact same comment on 4 or 5 stories on this site.  Troll Much?

  • Centrist79

    Many corporations pay little or no taxes and are subsidized, 1986 tax laws were given to corps to achieve this. If you want to change the tax code to have all corporations pay there fair share I am fine with that, but you do know that Congress will have to rewrite the tax code.

  • Anonymous

    For what?  What crime did they commit? 

  • Anonymous

    “It’s a big club, and you ain’t in it”–George Carlin

    Amen, brother Carlin!

  • Anonymous

    Stopped reading at “libtards.”

    You’re not a serious person.

  • http://pulse.yahoo.com/_U7T5LVIQK7AMIBM5WI765VDVDQ smald4lib

    In the 80″s, the conservatives had a conscience, Reagan , and a Democratic congress put over a 1000 bankers in jail during the S&L crisis, created by Reagan. At the end of the his term in office he lamented he wished he could have deregulated more banks. So what is different now? The Republicans control the House and the Senate by being able to stop any regulation of Wall Street. Votes matter………………

  • Anonymous

    No.  We need to jail all the corn-pone messiahs, Teas Party goons, Nazis, homophobes, patriots, heroes   .  and God-fearing haters such as yourself.

  • http://punditpawn.wordpress.com PunditPawn

    That means the end of Barney Frank, Franklin Raines, Barabara Boxer, Maxine Waters, Chris Dodd and a lot of other Democrats are going to jail.

  • http://profiles.yahoo.com/u/7DDRAZIRWWXMWNJUW53CQEU2QQ Jon

    So, Democrats pass the Community Reinvestment Act, which mandates banks to make mortgage loans to people who can’t pay them back, which creates the derivitive market, Fannie & Freddie buy billions in junk loans, Dodd and Frank are in charge of financial oversight and thwart nine seperate attempts by the Bush administration to start regulating Fannie & Freddie’s sinking ship, and it’s still his fault? Not to mention which, compared to Al Gore, Bush was a clear choice on fiscal matters. Where Bush screwed up is in buying the bailout argument of Bernanke. Nothing is too big to fail, and he opened the door for Obambi to be the bull in the china shop with bailouts. Go take an economics course.

  • Anonymous

    How about putting the Lefty politicians, who forced the banks to make toxic loans in jail first, and then go on from there.  Oh, and confiscate all the cash these same politicians made on these deals and the ensuing TARP bailouts and put it in the General Fund, please.

  • Anonymous

    How convenient of you to ignore the two biggest budget busting measures of the last decade: Bush’s unfunded tax cuts and his obscenely expensive wars. These were REPUBLICAN initiatives that most of today’s tea partiers pliantly went along with — and enabled with their votes.

  • Anonymous

    Matbe they should jail the politicians who set up the collapse, and blocked any reform to prevent the collapse happening…. Frank and Dodd spring to mind immediately

  • http://profiles.yahoo.com/u/7DDRAZIRWWXMWNJUW53CQEU2QQ Jon

    Um, no….I think Obama racking up $5 trillion in 3 years (more than all 43 previous administrations combined) and committing us to $15 trillion over the next decade is the budget buster. Now that’s obscenely expensive.

  • http://pulse.yahoo.com/_7JICDXDWKLIKX6EWUAGGZQVZFY brozo

    How about Bush? He was pushing for eight long years to reduce and remove regulation and overseers.

  • Anonymous

    Too bad most of that deficit spending was initiated under Bush:

    http://www.obamaftw.com/blog/wp-content/uploads/2011/09/bush-vs-obama-debt.gif

  • Anonymous

    Sit down and enjoy it. The Apocalypse is upon us. I finally agree with Pat Robertson.
    May the gods have mercy on my soul, whoever owns it now!

    Is Tezcatlipoca still in business?

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