Stunning Crimes of the Big Banks: Worse than Your Wildest Imagination

BrickInTheWall · Aug 2, 2012

A great overview of the mafia banksters crimes, brought to you from the good folk at zerohedge ... helps remind us why we are all feeling nervous about the current financial fiasco, and why we are stacking furiously.

The link to the article is provided below, although there are additional links within the article which reference the improprieties in more detail.

Tony Blair was wrong ... we do need to hang a dozen bankers at the end of street ... well, at least send a couple of hundred of them to jail (and not the low-ranking scapegoat traders)!!

... happy reading

http://www.zerohedge.com/contribute...imes-big-banks-worse-your-wildest-imagination

Preface: Not all banks are criminal enterprises. The wrongdoing of a particular bank cannot be attributed to other banks without proof. But as documented below many of the biggest banks have engaged in unimaginably bad behavior.

Here are just some of the improprieties by big banks:

Funding the Nazis

Laundering money for terrorists

Financing illegal arms deals, and funding the manufacture of cluster bombs (and see this and this) and other arms which are banned in most of the world

Launching a coup against the President of the United States

Handling money for rogue military operations

Laundering money for drug cartels. See this, this, this and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis)

Engaging in mafia-style big-rigging fraud against local governments. See this, this and this

Shaving money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details here, here, here, here, here, here, here, here, here, here, here and here

Artificially suppressing gold prices

Charging "storage fees" to store gold bullion without even buying or storing any gold . And raiding allocated gold accounts

Committing massive and pervasive fraud both when they initiated mortgage loans and when they foreclosed on them (and see this)

Pledging the same mortgage multiple times to different buyers. See this, this, this, this and this. This would be like selling your car, and collecting money from 10 different buyers for the same car

Cheating homeowners by gaming laws meant to protect people from unfair foreclosure

Committing massive fraud in an $800 trillion dollar market which effects everything from mortgages, student loans, small business loans and city financing

Manipulating the hundred trillion dollar derivatives market

Engaging in insider trading of the most important financial information

Pushing investments which they knew were terrible, and then betting against the same investments to make money for themselves. See this, this, this, this and this

Engaging in unlawful "frontrunning" to manipulate markets. See this, this, this, this, this and this

Engaging in unlawful "Wash Trades" to manipulate asset prices. See this, this and this

Otherwise manipulating markets. And see this

Participating in various Ponzi schemes. See this, this and this

Charging veterans unlawful mortgage fees

Helping the richest to illegally hide assets

Cooking their books (and see this)

Bribing and bullying ratings agencies to inflate ratings on their risky investments

The executives of the big banks invariably pretend that the hanky-panky was only committed by a couple of low-level rogue employees. But studies show that most of the fraud is committed by management.

Indeed, one of the world's top fraud experts professor of law and economics, and former senior S&L regulator Bill Black says that most financial fraud is "control fraud", where the people who own the banks are the ones who implement systemic fraud. See this, this and this.

But at least the big banks do good things for society, like loaning money to Main Street, right?

Actually:

The big banks no longer do very much traditional banking. Most of their business is from financial speculation. For example, less than 10% of Bank of America's assets come from traditional banking deposits. Instead, they are mainly engaged in financial speculation and derivatives. (and see this)

The big banks have slashed lending since they were bailed out by taxpayers while smaller banks have increased lending. See this, this and this

A huge portion of the banks' profits comes from taxpayer bailouts. For example, 77% of JP Morgan's net income comes from taxpayer subsidies

The big banks are literally killing the economy and waging war on the people of the world

And our democracy and republican form of government as well

We can almost understand why Thomas Jefferson warned:

And I sincerely believe, with you, that banking establishments are more dangerous than standing armies ....

John Adams said:

Banks have done more injury to religion, morality, tranquillity, prosperity, and even wealth of the nation than they have done or ever will do good.

And Lord Acton argued:

The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.
Click to expand...

JulieW · Aug 2, 2012

I had the misfortune to watch the latest Alex Jones One World Order documentary on YouTube

http://www.youtube.com/watch?v=NO24XmP1c5E

I say misfortune, since it was very, very depressing.

But the point was made that although hundreds of miscreants were imprisoned for the Savings and Loan scandal in the 90's, since then the banksters have subsumed the governments and so of course fascism rules and none will ever be punished. The politicians are totally owned and are complicit in ensuring their own immunity. Reality is not us, it is them, this few hundred year experiment in democracy and a middle class is ending for the West.

But the bright spot seemed to me to be, that this is a Western conspiracy and the East might just be smiling for effect and going their own way. We can but hope. However the coming collapse would be the perfect opportunity to institute a one world currency. (also for Obama to call martial law and suspend elections etc - they passed the laws for that just recently). Of course everyone will be so destroyed they'll embrace whatever solution is offered.

As I said. Depressing.

hawkeye · Aug 2, 2012

Bankers, and other big cronies, had all the incentive in the world to take over the government. If they hadn't, they themselves would be being robbed by the people who are always trying to take more money from the rich.

Democratic govt won't ever work because there isn't enough money to pay off everyone. In a zero-sum game you can only have a small percentage of people win to any extent. That's why govt "worked" in the past when lots of people (blacks, women, etc) were locked out of the process. When everyone is involved it becomes a huge fight where the best-funded and best-connected win.

Mob rule. Always has been, always will be. When the mob is small, it "works". A large mob just topples the whole thing over eventually when everyone is demanding their promised benefits that the politicians are forced to make just to get in power. They know the game doesn't work how the public thinks it does. Govt is two gangs running a protection racket.

Dogmatix · Aug 2, 2012

^ I like the way you think.

Emanance · Aug 2, 2012

I think individuals suffering/enjoying sociopathy plays a huge role in this system.

AustralianAustrian · Aug 4, 2012

If you want to learn of a more recent bankster crime closer to home you can read my post

http://forums.silverstackers.com/topic-21530-bankwest-senate-hearing-unhappy-banking.html

The senate hearing is on the 8th of Aug next week with lead litigants/victims to give evidence. It will be interesting to see the bulsh*t Bankwest comes up with to cover up their actions.

nonrecourse · Aug 4, 2012

Emanance said:

I think individuals suffering/enjoying sociopathy plays a huge role in this system.
Click to expand...

Self interest should be driving all of us to get rid of the banksters in our personal investments long term

bordsilver · Aug 4, 2012

This is a good list as well.

Exposure of banker corruption

I love how they finished each listing of the systemic criminality with

The true protection from organized crime is obtained and secured by owning precious metals, best in bullion bars and coins.
Click to expand...

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Stunning Crimes of the Big Banks: Worse than Your Wildest Imagination

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