Category: Banksters
The analysis published under this category are as follows.
Friday, May 24, 2024
Big Banks Are Pressuring The Fed To Losen Protection For Depositors / Stock-Markets / Banksters
By: Avi_Gilburt
Last week, the Wall Street Journal reported that the Fed and two other U.S. banking regulators are going to significantly reduce a planned increase in capital requirements for the country's large banks.
As a reminder, the regulators were planning a 16% increase in capital levels and a 20% increase in RWAs (risk-weighted assets) for the banks with total assets of more than $100B. These changes should have improved the banks’ financial resilience and prepared them to better absorb potential losses.
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Tuesday, March 08, 2022
The Stunning Truth About the FDIC and Your Bank Deposits / Personal_Finance / Banksters
By: EWI
Why you can't rely on the FDIC if another financial crisis hits and your bank goes under
Millions of U.S. bank depositors feel safe in the knowledge that the Federal Deposit Insurance Corporation will protect their accounts, even if their bank goes under.
Yes, it's true that the FDIC says it will do so. As their website states:
The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.
However, the question is: Does the FDIC have the wherewithal to fulfill its promise?
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Thursday, May 21, 2020
Another Bank Bailout Under Cover of a Virus / Interest-Rates / Banksters
By: Ellen_Brown
Insolvent Wall Street banks have been quietly bailed out again. Banks made risk-free by the government should be public utilities.
When the Dodd Frank Act was passed in 2010, President Obama triumphantly declared, “No more bailouts!” But what the Act actually said was that the next time the banks failed, they would be subject to “bail ins”—the funds of their creditors, including their large depositors, would be tapped to cover their bad loans.
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Tuesday, September 24, 2019
Banksters Finally Hit with Racketeering Charges– Better Late Than Never! / Companies / Banksters
By: MoneyMetals
JPMorgan Chase and other bullion banks spent most of a decade screwing clients and investors who were naive enough to expect a fair shake in the precious metals futures markets. It was a solid racket.
Yet claims of price rigging were simply dismissed by financial journalists and regulators as conspiracy theory. The banks’ defenders were bolstered by a 5-year-long investigation by the compromised Commodity Futures Trading Commission (CFTC) which ended without a single banker being prosecuted.
Friday, May 31, 2019
The Bankers’ “Power Revolution”: How the Government Got Shackled by Debt / Politics / Banksters
By: Ellen_Brown
This article is excerpted from my new book Banking on the People: Democratizing Money in the Digital Age, available in paperback June 1.
The U.S. federal debt has more than doubled since the 2008 financial crisis, shooting up from $9.4 trillion in mid-2008 to over $22 trillion in April 2019. The debt is never paid off. The government just keeps paying the interest on it, and interest rates are rising.
In 2018, the Fed announced plans to raise rates by 2020 to “normal” levels — a fed funds target of 3.375 percent — and to sell about $1.5 trillion in federal securities at the rate of $50 billion monthly, further growing the mountain of federal debt on the market. When the Fed holds government securities, it returns the interest to the government after deducting its costs; but the private buyers of these securities will be pocketing the interest, adding to the taxpayers’ bill.
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Wednesday, April 17, 2019
The Public Banking Revolution Is Upon Us / Politics / Banksters
By: Ellen_Brown
As public banking gains momentum across the country, policymakers in California and Washington state are vying to form the nation’s second state-owned bank, following in the footsteps of the highly successful Bank of North Dakota, founded in 1919. The race is extremely close, with state bank bills now passing their first round of committee hearings in both states’ senates.
In California, the story begins in 2011, when then-Assemblyman Ben Hueso filed his first bill to explore the creation of a state bank. The bill, which was for a blue-ribbon committee to do a feasibility study, sailed through both legislative houses and seemed to be a go. That is, until Gov. Jerry Brown vetoed it, not on grounds that he disapproved of the concept, but because he said we did not need another blue-ribbon committee. The state had a banking committee that could review the matter in-house. Needless to say, nothing was heard of the proposal after that.
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Wednesday, October 03, 2018
How America Can Free Itself From Wall Street / Politics / Banksters
By: Ellen_Brown
Wall Street owns the country. That was the opening line of a fiery speech that populist leader Mary Ellen Lease delivered around 1890. Franklin Roosevelt said it again in a letter to Colonel House in 1933, and Sen. Dick Durbin was still saying it in 2009. “The banks—hard to believe in a time when we’re facing a banking crisis that many of the banks created—are still the most powerful lobby on Capitol Hill,” Durbin said in an interview. “And they frankly own the place.”
Wednesday, January 25, 2017
Currecide: The Globalists’ Planned Annihilation of Your Savings and Freedom / Politics / Banksters
By: Stewart_Dougherty
After a decade’s worth of sharply detailed and psychologically painful analysis, Dr. Rudolph Rummel determined that in the 20th Century, governments killed 262 million of their own citizens. This was in addition to the roughly 40 million persons killed in combat during the same century, in government-waged wars. In all, governments were responsible for the murder of more than 300,000,000 people in the 1900s alone.
Rummel coined a term for this mass annihilation: “Democide,” which he defined as “the murder of any person or people by a government, including genocide, politicide and mass murder.”
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Tuesday, December 06, 2016
Goldman Sachs Is Big Winner In Trump Election Victory / Companies / Banksters
By: Jeff_Berwick
During the Democratic primary, Bernie Sanders demanded that Hillary Clinton release transcripts of speeches she made to Wall Street’s top banks, including Goldman Sachs.
Her detractors claimed that a Clinton nomination as the democratic presidential candidate would be a win for Wall Street.
While Donald Trump was campaigning he promised to “drain the swamp” in Washington, District of Criminals (DC) – by avoiding placing either lobbyists or Wall Street pros in positions of political power.
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Monday, September 26, 2016
Wells Fargo or the Federal Reserve: Who's the Bigger Fraud? / Interest-Rates / Banksters
By: Dr_Ron_Paul
The Wells Fargo bank account scandal took center stage in the news last week and in all likelihood will continue to make headlines for many weeks to come. What Wells Fargo employees did in opening bank accounts without customers' authorization was obviously wrong, but in true Washington fashion the scandal is being used to deflect attention away from larger, more enduring, and more important scandals.
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Wednesday, September 21, 2016
Wells Fargo Scandal Shows Next Bank Crisis Coming / Companies / Banksters
By: John_Mauldin
BY PATRICK WATSON : There’s never just one cockroach. If you see one in the open, you know many more are still hiding. Call the exterminator.
This time-honored rule also applies to banks. Last week, we learned that Wells Fargo (WFC), ostensibly the most trustworthy of the too-big-to-fail institutions, is not trustworthy at all.
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Wednesday, September 14, 2016
Wells Fargo and Other Banks Now Just Outright Stealing People’s Money / Companies / Banksters
By: Jeff_Berwick
Centuries ago banks actually stored real money (gold) and gave their customers paper receipts which made transferring and transporting easier.
Then as time went by, banks just began storing currency. Unbacked fiat paper is not money.
In those days the term “bank robbery” used to mean a man with a gun would come in and steal the currency from the bank.
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Thursday, August 04, 2016
Jailing Banksters Will Not Resolve the Economic Crisis / Politics / Banksters
By: Antonius_Aquinas
Last week, an Irish court sentenced three prominent banksters for their roles in the 2008 financial crisis. Judge Martin Nolan, who pronounced judgment, said that the bansksters had committed “a very serious crime.” He continued, “The public is entitled to rely on the probity of blue chip firms. If we can’t rely on the probity of these banks we lose all hope or trust in institutions.”*
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Friday, May 13, 2016
Financial Institutions Which are Too Big to Fail But Too Big to Jail / Companies / Banksters
By: Gordon_T_Long
You Have Financial Institutions Which are Too Big to Fail But Too Big to Jail, and Frankly, Too Big to Regulate and Too Big to Manage!
Wednesday, April 20, 2016
Deutsche Bank Settles Lawsuit for Price Rigging, Turns “State’s Evidence” on Other Banks / Companies / Banksters
By: MoneyMetals
Prior to last week, Deutsche Bank made headlines for a string of huge losses and massive exposure to risky derivatives. The last time the firm’s shares traded at prices this low, the world was in the midst of 2008’s financial apocalypse.
Deutsche Bank didn’t need more bad news, but a group of investors who brought suit against the massive German bank for cheating them by rigging the London “fix” price for gold and silver certainly must be smiling. Last week, the bank offered to settle their class action suit for an undisclosed amount.
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Tuesday, March 08, 2016
Let's Make the Banks Responsible / Companies / Banksters
By: Rodney_Johnson
It’s no secret I can’t stand most banks, particularly Bank of America. The institution is doing its best to get rid of any customer service that ever existed (fewer tellers, pushing clients to online services, etc.) while airing sappy ads about how much they care. Care about what? Their bonuses? Certainly not their customers.But even with my long-standing grudge against B of A, I’m not joining the chorus calling for greatly increased regulation or busting them up along with the other big banks.
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Wednesday, November 04, 2015
When Will America Jail their Banksters? / Politics / Banksters
By: BATR
The most dramatic contrast in the rule of law against the architects of financial theft can be seen in the way America protects their banksters and the accountability that Iceland imposed on their financial crooks. The fact that the orthodox financial press refuses to cover the incarceration of Iceland’s Bankers Face 74 Years in Prison While US Banks Profit After Your Bailout, is clear proof who really controls the political and economic institutions in the United States. As for the courts, America has long ago shredded the rule of law in this country.
Monday, September 07, 2015
At Jackson Hole: Be Very Afraid, Bankers are Channeling their Inner Rothschild / Politics / Banksters
By: David_Hague
Dear Reader, There is a melancholy overtaking economic commentators such as myself. The kindred spirits amongst the economic intelligentsia who stridently, constantly, warn of the dangers the actions of our central banks, are now overwhelmed by the futility of our attempts to bring this issue to Main Street's consciousness. [Dear Reader, please stifle your guffaws at my hubris that allows me to include myself as a member of the world's economic intelligentsia. Debatably, my curriculum vitae as an economist is quite thin. It requires many redactions, falsehoods and exaggerations prior to being sent to a prospective employer, {along with a fervent prayer that the employer does not check my police record, references, academic credentials or my credit bureau}]. However, my intimate knowledge of the outrageous inner workings of our Central Banks gives me insights heretofore unavailable even to the most celebrated, revered and feted economists. I will explain how I came to be amongst the celebrated elite at the Economic Symposium held at the Jackson Lake Lodge last week end.
Wednesday, August 05, 2015
There’s a Good Chance Your Bank Is Committing a Major Crime Right Now / Politics / Banksters
By: Casey_Research
By Dan Steinhart
On April 10, 2006, Mexican authorities searched through a DC-9 jet at the airport in Ciudad del Carmen. They found more than five tons of cocaine… valued at more than $100 million.
If you’re like many Americans, you’re not surprised by a story like this. Not a year goes by without a few big media stories about Mexican drug cartels.
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Thursday, June 25, 2015
Why Banks Rob Depositors: "Because That's Where the Money Is" / Politics / Banksters
By: MoneyMetals
One of America's most notorious bank robbers, Willie Sutton (1901-80), is said to have remarked that he robbed banks "because that's where the money is." In a strange twist, the banks themselves are now beginning literally to rob their own customers.
The theft occurs via the innovative practice of "paying" (i.e. "charging") negative interest rates on savings and checking account balances combined with account maintenance fees. Cash strapped Greece is looking to go even further – charging customers for daring to withdraw cash! So what gives here?
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