Category: Banksters
The analysis published under this category are as follows.
Sunday, February 02, 2014
Enough is Enough: Fraud-Ridden Banks Are Not L.A.’s Only Option / Politics / Banksters
By: Ellen_Brown
“Epic in scale, unprecedented in world history.” That is how William K. Black, professor of law and economics and former bank fraud investigator, describes the frauds in which JPMorgan Chase (JPM) has now been implicated. They involve more than a dozen felonies, including bid-rigging on municipal bond debt; colluding to rig interest rates on hundreds of trillions of dollars in mortgages, derivatives and other contracts; exposing investors to excessive risk; failing to disclose known risks, including those in the Bernie Madoff scandal; and engaging in multiple forms of mortgage fraud.
Saturday, February 01, 2014
Laundromat Banks Too Big To Fail / Politics / Banksters
By: Richard_Mills
Money laundering is the process by which illegally obtained cash is made to appear as if it has been obtained by legal means.
The following snippet is fromRobert Mazur's 'How to Halt the Terrorist Money Train' article that appeared in The New York Times:
"The House Subcommittee on Oversight, Investigations and Management issued a shocking report documenting the collaboration between Mexican and Colombian drug cartels and Hezbollah in narcotics and human trafficking, smuggling and financial crimes in the United States and Latin America -- a partnership that, in just the border region between Brazil, Paraguay and Argentina, produces an estimated $12 billion in cash each year.
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Wednesday, January 22, 2014
How the Banksters Took Control / Politics / Banksters
By: Gary_North
The case was McCulloch v. Maryland (1819).
The legal issue: Could the state of Maryland tax the Second Bank of the United States? It was a private bank.
The issue, as stated by Chief Justice Marshall in a long, detailed decision, was this: Does the Constitution allow Congress to charter a bank? That was what Congress did in 1791: the [First] Bank of the United States. It was a central bank. Its charter lapsed in 1811.
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Wednesday, January 22, 2014
Ben Bernanke's Banksters Legacy / Politics / Banksters
By: BATR
With Ben Shalom Bernanke set to depart on the last day of January 2014, the critique and speculation of his tenure as Chairman of the Federal Reserve begins. The mainstream financial press is giving mostly favorable accounts. Heretofore, such praiseworthy acclamations strike a shape contrast with the actual record of the state of the economy. However, the admirers of the Fed and his specific enactments live in a time warp that only masters of the universe encounter. For the remaining population, an intense struggle for survival is the actual experience, remembered from the Bernanke years.
Tuesday, January 07, 2014
JP Morgan Behind Madoff Ponzi Scheme? Pays $2 Billion to Avoid Prosecution / Politics / Banksters
By: Washingtons_Blog
Bernie Madoff has said all along that JP Morgan knew about – and knowingly profited from – his Ponzi schemes.
So JP Morgan has agreed to pay the government $2 billion to avoid investigation and prosecution.
While this may sound like a lot of money, it is spare sofa change for a big bank like JP Morgan.
Tuesday, January 07, 2014
How I Know JPMorgan Was Complicit in the Biggest Ponzi Scheme Ever / Companies / Banksters
By: Money_Morning
Shah Gilani writes: I’ve said it before, and even though I’ve been threatened, in not so subtle ways, and been warned not to piss off certain people in power, I’m going to keep on saying it:
Tuesday, December 03, 2013
RBS Crashes Christmas as Panic Button Hit, Savers Dump Savings for Spending and Property Investing / Personal_Finance / Banksters
By: Nadeem_Walayat
Tax payer bailed-out and 82% owned RBS remains one of Britains largest weapons of mass financial destruction that along with its subsidiaries such as Nat West literally crashed Christmas for millions of its customers as debit cards were declined and ATM's went offline on cyber monday freezing customers out of their accounts on the busiest shopping day of the year that continues today.
Monday, November 25, 2013
The Latest from RBS, the Royal Bank of Crooks / Politics / Banksters
By: Money_Morning
Shah Gilani writes: The Royal Bank of Scotland, a huge lender to small- and medium-sized businesses in the U.K. and Europe, is being accused of undermining the businesses it lends to.
Not that this would ever happen in the United States…
Apparently, the too-big-to-fail British bank further stresses borrowers by layering on fees when businesses can least afford them. This can trigger covenants that allow the bank to actually dismantle the borrower, to the benefit of advisors who have less than an arm’s length relationship with the bank.
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Sunday, November 24, 2013
The Money Changers Serenade: Bankers New Plot to Steal Your Deposits / Politics / Banksters
By: Paul_Craig_Roberts
Former Treasury Secretary Timothy Geithner, a protege of Treasury Secretaries Rubin and Summers, has received his reward for continuing the Rubin-Summers-Paulson policy of supporting the “banks too big to fail” at the expense of the economy and American people. For his service to the handful of gigantic banks, whose existence attests to the fact that the Anti-Trust Act is a dead-letter law, Geithner has been appointed president and managing director of the private equity firm, Warburg Pincus and is on his way to his fortune.
Thursday, November 21, 2013
The Tragic Truth Behind JPMorgan’s $13 Billion “Fine” / Politics / Banksters
By: Money_Morning
Kdowdle writes: Let’s address two tragedies today.
The first is how Jamie Dimon & Co. and all the guilty big banks get away with murder.
The second is something I want to share with you because 50 years ago tomorrow, President John Fitzgerald Kennedy was assassinated. It isn’t a conspiracy theory about who did it, but a likely theory about what happened and the conspiracy to cover that up.
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Wednesday, November 20, 2013
US Government Lets JPMorgan Off the Hook for Mortgage Fraud / Politics / Banksters
By: Barry_Grey
On Tuesday, the US Justice Department announced a long-awaited official settlement with JPMorgan Chase & Co., the largest US bank, on an array of charges by state and federal agencies related to the bank’s sale of toxic mortgage-backed securities, which contributed to the 2008 financial crash.
Monday, November 18, 2013
Banks Syphoning Off the Financial Blood of their Customers / Politics / Banksters
By: James_Quinn
Reports like the recent one from SNL Financial – Branch Networks Continue to Shrink really get my goat. As I travel the increasingly vacant highways of Montgomery County, PA I’m keenly aware of my surroundings. If I were a foreigner visiting for the first time, I’d think Space Available was the hot new retailer in the country. I’ve detailed the slow disintegration of our suburban sprawl paradise in previous articles:
Friday, November 15, 2013
Why Banking, Corporate America And The Government Need Each Other / Politics / Banksters
By: GoldSilverWorlds
It should not come as a surprise that banking, industry and government are closely connected. The recent draconian decisions of the US Fed or the US foreign policy towards the Middle East are obvious examples. In order to understand who is behind most of those decisions and who the beneficiaries are, one should go back in history to the end of the 19th century.
Murray N. Rothbard revealed in his book “Wall Street, Banks and American Foreign Policy” in great detail that the financial and political stakeholders are one and the same. Rothbard, being an author and great thinker, highlights the role of political capitalism and crony capitalism in the US by tracing the historical references and connections in US financial and political decision making. This was also the context in which the US Fed was created.
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Friday, November 08, 2013
Why Does JPMorgan Still Have A Banking License? / Companies / Banksters
By: Raul_I_Meijer
I was, well, still am, reading up on the latest developments in the wonderful world of Libor, and the name JPMorgan pops up a lot in connection with all that. There's of course the recent -probably still tentative - $13 billion settlement with the US Justice Department. Seeing all the separate cases that have either been settled or are under active investigation in which JP Morgan is mentioned, along with a couple small lists in the WaPo And HuffPo, I figured it might be a good idea to make a more complete list (though I have no doubt I could make it twice as long) of actually investigated cases America's largest bank is a part of.
Sunday, November 03, 2013
The Bank Guarantee That Bankrupted Ireland / Politics / Banksters
By: Ellen_Brown
The Irish have a long history of being tyrannized, exploited, and oppressed—from the forced conversion to Christianity in the Dark Ages, to slave trading of the natives in the 15th and 16th centuries, to the mid-nineteenth century “potato famine” that was really a holocaust. The British got Ireland’s food exports, while at least one million Irish died from starvation and related diseases, and another million or more emigrated.
Today, Ireland is under a different sort of tyranny, one imposed by the banks and the troika—the EU, ECB and IMF. The oppressors have demanded austerity and more austerity, forcing the public to pick up the tab for bills incurred by profligate private bankers.
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Friday, November 01, 2013
RBS Fake Internal Bad Bank For Engineering Artificial Profits Bonuses on Asset Writedown's and Privatisation / Companies / Banksters
By: Nadeem_Walayat
Today's announcement by the Royal Bank of Scotland (RBS) that has seen its senior staff apparently been sat twiddling their thumbs for the past 5 years whilst collecting bonuses on the basis of fictitious profits are finally to get around to dealing with the banks bad debts by ring fence its worst performing assets / bad debts amounting to £38 billion in an INTERNAL bad bank which on face value goes against the wishes of last governor of the Bank of England who just wanted ALL of the bad toxic sludge to be dumped onto tax payers.
Tuesday, October 29, 2013
India Taken Over by Foreign Banks? / Politics / Banksters
By: Global_Research
Kavaljit Singh writes: On October 12, Raghuram Rajan, the new Governor of the Reserve Bank of India, announced that the RBI will soon issue new rules allowing a more liberal entry of foreign banks in India. “That is going to be a big opening because one could even contemplate taking over Indian banks, small Indian banks and so on,” he stated in Washington at an event organized by the Institute of International Finance, a global banking lobby group.
Friday, October 25, 2013
JPMorgan Pays Another Record Fine - What Next? / Companies / Banksters
By: Money_Morning
Garrett Baldwin writes: The $13 billion settlement between JPMorgan Chase & Co. (NYSE: JPM) and the federal government shocked markets this week, as the fines would be a record paid by a Wall Street institution.
According to reports, the sum will amount to approximately half of the company's 2012 profits.
The JPM settlement is another black eye for the company and its weathered Chief Executive Officer (CEO) Jamie Dimon, who had emerged from the financial crisis as a pseudo cult figure with Teflon status.
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Wednesday, October 23, 2013
Transfers Excluded, JP Morgan Chase is Wired / Politics / Banksters
By: BATR
The rumblings of capital and currency controls are causing a stir among perceptive financial observers. You do not have to be a business-banking customer to fear the consequences of restricting the transfer of money. Both domestic and international wires are no longer available to be sent from a business savings account, may seem unimportant to the average Chase customer. Many do not have enough money on deposit to pay the wire fee. However, the kicker is that you can still receive wire transfers.
Wednesday, October 16, 2013
IMF Proposal to Tax Bank Deposits / Politics / Banksters
By: BATR
A report by Agence France-Presse, the International Monetary Fund strongly suggests countries tax the rich to fix deficit, is a caveat for a bigger risk. "The IMF has set off shockwaves this week in Washington by suggesting countries fight budget deficits by raising taxes. In its Fiscal Monitor report, subtitled "Taxing Times", the Fund advanced the idea of taxing the highest-income people and their assets to reinforce the legitimacy of spending cuts and fight against growing income inequalities."
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