If totalitarian governments hold the records for being the most corrupt then the US may be on the cusp of seeing communist justice for Wall Street in America.
What would be cool is for our 're-structured courts' and the new 'appointees' will also make the "laws" retroactive as they've done most recently for the NSA! Gotta get justice for these early banker retirees & their political co-conspirators, ya know!
|Duong Chi Dung (C-front), 56, former chairman of Vinalines, and his accomplices listen to the verdict at a local People's Court in Hanoi on December 16, 2013. Two top executives were sentenced to death for embezzlement as authorities try to allay rising public anger over corruption. Three corrupt bankers have also recently the death sentence.|
Amnesty International reports that death sentences in Vietnam have been handed down to criminals for running shady investment schemes, counterfeiting cash and even defaulting on loans. This is unusual: United Nations officials have condemned death for “economic crimes” yet Vietnam persists with these sentences — as does neighboring China.
Though statistics on Vietnam’s opaque justice system are scarce, a state official conceded that more than 675 people sit on death row for a range of crimes, according to the Associated Press.
It’s still unclear how the bankers will be killed. Vietnam’s traditional means of execution involves binding perpetrators to a wooden post, stuffing their mouths with lemons and calling in a firing squad. The nation wants to transition to lethal injections. But European nations refuse to export chemicals used in executions (namely sodium thiopental) to governments practicing capital punishment.
Fraudulent bankers are receiving heavy sentences at a moment when Vietnam is enacting major financial reforms.
For decades, Vietnam has been slowly transforming its communist-style, state-run market into a more open and competitive arena. In the post-reunification era, the government owned every bank in Vietnam. Today, state-run banks control only 40 percent of all assets.
This push to bank in a more Western style has ushered in improvements as well as temptations to swindle. According to the UN economist Vu Quang Viet, Vietnamese credit laws passed in 2010 “simply copied the lax US law now widely believed to be at least partially responsible for the financial debacle in 2008.”