Category: Banksters
The analysis published under this category are as follows.
Wednesday, August 15, 2012
Goldman Sachs Above the Law / Companies / Banksters
By: BATR
No doubt, the chief crook on Wall Street is virtually immune from any law that brings lesser mortals to their knees. The latest outrage summed up nicely in "Relieve Goldman Sachs of Their Legal Exposure", passes with little notice in the establishment media.
Read full article... Read full article..."Goldman Sachs got a rare "reverse Wells notice" from the SEC, when they were told that a mortgage-backed securities deal which they earlier heard they would face prosecution for would not net them any civil enforcement. But that was just the beginning. Later in the day, they learned they would not face any prosecution from the Justice Department for the misdealings brought to light in a Senate Permanent Subcommittee on Investigations report a year ago."
Sunday, August 12, 2012
Bankster Fraud Drives 100 Million Into Poverty, Killing Many / Politics / Banksters
By: Washingtons_Blog
“We Are Witnessing a Financial Holocaust Brought on by the Banksters with Millions of Deaths in the “Offering”
Fraud caused the Great Depression and the current financial crisis, and the economy will never recover until fraud is prosecuted.
Fraud is the business model adopted by the giant banks. See this.
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Sunday, August 12, 2012
Obama Administration Drops Criminal Investigation of Goldman Sachs / Politics / Banksters
By: Barry_Grey
The US Justice Department announced Thursday evening it was ending a one-year criminal investigation and would not file charges against the giant Wall Street investment bank Goldman Sachs or any of its employees.
In April 2011, the Senate Permanent Subcommittee on Investigations released a voluminous report on the role of major banks, federal regulators and credit rating firms in the collapse of the subprime mortgage market and ensuing financial crash of September 2008.
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Wednesday, August 08, 2012
Lawyers and Banks Offer Full Range of Criminal Services to the Elite / Politics / Banksters
By: Jesse
There is a two-tiered system of rules, with Liberty and Justice for some.
If you knew how routinely it is marketed, and understood the full extent of it, you would be surprised and angry at the cynical injustice of those who consider that only the 'little people' should bear the burdens for their country and the consequences of their actions.
Monday, July 30, 2012
LIBOR, Lies and Derivatives / Interest-Rates / Banksters
By: Raul_I_Meijer
Three weeks, ago, I wrote LIBOR was a criminal conspiracy from the start. An avalanche of articles have been written on LIBOR since, and I think an update is in order, which also gives me a chance to delve a little further into the bold statement in that title.
It's not that I'm a big fan of using terms like conspiracy, not at all, but then again, neither am I a fan of constantly being lied to.
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Monday, July 23, 2012
The Gilded Age of Bankers or Banksters / Politics / Banksters
By: Richard_Mills
Between 1865 and 1898 the US economy grew at the fastest rate in its history with real wages, wealth, GDP, and capital formation all increasing rapidly:
- Wheat production increased by 256%
- Corn production increased by 222%
- Coal production increased by 800%
- Miles of railway track increased by 567% - railroad mileage tripled between 1860 and 1880 and had tripled again by 1920
- American steel production surpassed the combined total of Britain, Germany, and France
Sunday, July 22, 2012
HSBC Rampant Drug Money Laundering, Deals With Iran, Record Billion Dollar Fine Rumored / Companies / Banksters
By: Jesse
"And remember, where you have a concentration of power in a few hands, all too frequently men with the mentality of gangsters get control. History has proven that." John Dalberg Lord Acton
This HSBC scandal is being overshadowed by LIBOR a bit in the States at least, and the usual diversions of the day to day, but it seems about to explode into the headlines of the insular major media. Read full article... Read full article...
Saturday, July 21, 2012
Titanic Banks Hit LIBOR Iceberg: Will Lawsuits Sink the Ship? / Politics / Banksters
By: Ellen_Brown
At one time, calling the large multinational banks a “cartel” branded you as a conspiracy theorist. Today the banking giants are being called that and worse, not just in the major media but in court documents intended to prove the allegations as facts. Charges include racketeering (organized crime under the U.S. Racketeer Influenced and Corrupt Organizations Act or RICO), antitrust violations, wire fraud, bid-rigging, and price-fixing. Damning charges have already been proven, and major damages and penalties assessed. Conspiracy theory has become established fact.
Friday, July 20, 2012
Libor Manipulation Scandal Real Villain is the One Behind the Curtain / Interest-Rates / Banksters
By: Money_Morning
Shah Gilani writes:
There's nothing like pulling back the curtain on the fraud that's center stage in the Libor manipulation scandal and finding the levers are really being pulled by central banks.
It's not about the banks doing what they did. The revelation is this: Central banks are the biggest impediment to free markets and the reason capital markets have become casinos.
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Monday, July 16, 2012
The Real Libor Scandal... "With the Complicity of the Bank of England" / Interest-Rates / Banksters
By: Paul_Craig_Roberts
According to news reports, UK banks fixed the London interbank borrowing rate (Libor) with the complicity of the Bank of England (UK central bank) at a low rate in order to obtain a cheap borrowing cost. The way this scandal is playing out is that the banks benefitted from borrowing at these low rates. Whereas this is true, it also strikes us as simplistic and as a diversion from the deeper, darker scandal.
Sunday, July 15, 2012
Did The LIBOR Corruption Originally Officially Come To Light in 2007? / Interest-Rates / Banksters
By: DK_Matai
The US Department of Justice (DoJ) is preparing a criminal case against major banks and individuals over the manipulation of the London Inter Bank Offered Rate or LIBOR whilst private US and European investors prepare law suits. Collectively, the penalties and damages for civil and criminal actions could cost the banking industry anywhere between tens of billions to hundreds of billions of dollars according to different studies conducted by reputable sources. The New York Federal Reserve learned about concerns over the integrity of LIBOR in the summer of 2007, when a Barclays employee emailed one of their officials.
Saturday, July 14, 2012
JPMorgan's Massive Losses, Failure of Corporate Governance, Questions of Fraud / Companies / Banksters
By: Janet_Tavakoli
Transcript
TOM HUDSON: More now on the JPMorgan (NYSE:JPM) trading loss and the
bank’s response. Janet Tavakoli is president of Tavakoli Structured
Finance with us tonight in Chicago. Janet, I want to get right really to
the heart of JPMorgan’s admission today regarding this $6 billion trading
loss. This is what it said in its release today: the recently discovered
information raises questions about the integrity of the trader marks and
suggests that certain individuals may have been seeking to avoid showing
the full amount of the losses being incurred in the portfolio during the
first quarter. Who is accountable for this?
Saturday, July 14, 2012
The Banking Industry / Regulators Time-Bomb! / Politics / Banksters
By: Sy_Harding
When President Eisenhower left office in 1961 his parting message to the nation was to “beware the Industrial/Military complex”. He warned that military contractors had become so chummy with Congress and the Pentagon that “the potential for a disastrous rise of misplaced power exists.”
We now face a much more dangerous power grab that could actually melt down the entire financial system of the country if it isn’t brought under control.
Thursday, June 28, 2012
Barclays LIBOR Market Manipulation Fraud To Boost Profits and Mask Insolvency, RBS, HSBC and Lloyds to Follow / Politics / Banksters
By: Nadeem_Walayat
The FSA has belatedly acted on the blatant and obvious to all market participants manipulation of the LIBOR reference rates for various markets including interest rate derivatives. Most market participants had concluded that the LIBOR rate as published by the BBA cannot be accurate and to on occasion an extreme extent at several points during the past 5 years of the financial crisis. The FSA action that amounts to a £290million fine is of little consequences to Barclays because the Bank of England in collusion with the UK Treasury have been busy stuffing every orifice of all of the banks with free cash under the constant threat that if tax payers did not provide unlimited cover for liabilities then the banks would trigger Financial Armageddon which ironically did not stop RBS from exploding last week, freezing millions of account holders in what amounts to a 2 week bank holiday.
Wednesday, June 27, 2012
Wrong Treatment To The Disease Of Global Financial Crises / Stock-Markets / Banksters
By: Akhil_Khanna
Introduction
The seeds of the global financial crisis which were triggered by the collapse of Lehman Brothers in the USA in 2008 had been sown during the last many decades. The basic reason for the emergence of the crisis is the manner in which the financial industry was allowed to grow with minimal regulation and engage in activities which have little to do with their basic function of acting as a bridge between those who have excess funds by accepting deposits and lending to those who invest in economic activities beneficial for the society in return for profit. In the last few decades, the finance industry, apart from the medical and the arms ammunition industry, has evolved to be one of the most powerful and influential industry around the globe.
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