Sunday, July 1, 2012

Big Banks Have Become Mafia-Style Criminal Enterprises

Washington'sBlog
June 29, 2012



Banks Conspire to Fleece the Public

Two stories this week prove once again that the big banks are literally criminal enterprises.
Initially, all of the big banks have engaged in Mafia-style “bid-rigging” of municipal bonds, to bilk money from every city in the nation … to the collective tune of tens billions of dollars.
And Barclays and other large banks – including Citigroup, HSBC, J.P. Morgan Chase, LloydsBank of AmericaUBS, Royal Bank of Scotland – manipulated the world’s primary interest rate (Libor) which virtually every adjustable-rate investment globally is pegged to.





And see this. That means they manipulated a good chunk of the world economy.
Other recent stories also show criminal fraud as well. For example, the big banks have been cheating homeowners … especially veterans.
And as Max Keiser explains, banking giants Mellon and State Street shaved money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide:





(Details hereherehereherehereherehereherehereherehere.)
Indeed, the entire business model of the big banks is fraud. See this, thisthisthisthis and this.

Regulators Have Become “Cops On the Take”

Unfortunately, the cop is on the take … and the government’s only actions are to cover up the fraud and to leave the people holding the bag.

1 comment:

David Richy said...

Criminals are always use new trick for create crime. They are use new technology and drives use.

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