Category: Banksters
The analysis published under this category are as follows.
Tuesday, June 23, 2015
Banksters Responsible for Irish Crash / Politics / Banksters
By: Antonius_Aquinas
In testimony before the Oireachtas Banking Inquiry, Thomas O’Connell, the ex-head economist of Ireland’s central bank, attempted to deflect blame for the part he played in the financial crisis of 2008 and the subsequent bust that occurred.
O’Connell had the nerve to say that “[It] should never have been allowed to happen with all the consequences of huge increases in unemployment, rising emigration, enormous debt, suicides . . . that we have seen.”* No kidding, Sherlock!
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Monday, May 11, 2015
How to Profit from the Fed's Anti-Cash Stance / Stock-Markets / Banksters
By: ...
MoneyMorning.com Peter Krauth writes: Savvy investors know that over short time periods, and especially during bear markets, the saying “cash is king” often holds true. It provides security and allows for bargain hunting when assets are cheap.
However, through times of financial repression and negative interest rate policies (NIRP), central planners, along with banks, are changing that precept into “cash is trash.”
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Monday, May 04, 2015
Big Banks Profit While Main Street Suffers / Politics / Banksters
By: Submissions
Antonius Aquinas writes: If anyone doubts that the Western world’s monetary order is rigged to enrich the banking system, the first quarter financial reports of America’s top banks should disabuse any unbelievers.
The Financial Times reported that four of the five big U.S. trading banks had a combined revenue of $19.4 billion in the first quarter of 2015. Goldman Sachs had a 14.7 percent* return on its equity in the first quarter while J.P. Morgan, the nation’s largest bank, earned $5.91 billion or $1.45 a share, up 3.6% from a year earlier.** Revenues for J.P. Morgan grew 4% to $24.8 billion.
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Wednesday, April 29, 2015
The Banksters War on Cash / Politics / Banksters
By: BATR
Once upon a time, the famous criminal Willie Sutton was asked why he robbed banks, and his response was simple, eloquent, and humorous: “Because that’s where the money is.” Well, soon that adage may be proven untrue. What exactly is the meaning of legal tender? In order to place money in its proper perspective, examine what the U.S. Treasury says.
“The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender," which states: "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues."
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Wednesday, April 29, 2015
Chase Cracks Down on Cash... Is Your Bank Next? / Personal_Finance / Banksters
By: MoneyMetals
Clint Siegner writes:
The War on Cash Escalates
The Federal Reserve bank and its owners, the largest banks on Wall Street, want badly to be able to charge you interest for the privilege of depositing your funds. The problem is getting you to stand for it.
Friday, March 13, 2015
At Citigroup, It’s the Same as It Ever Was / Companies / Banksters
By: Money_Morning
Shah Gilani writes: Flashback to the 2008 credit crisis.
There’s Citigroup Inc. (NYSE: C) – bent-over by arrogance, off-balance sheet liabilities and derivative weapons of mass destruction in an insolvent fetal position.
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Monday, February 23, 2015
Swimming With Sharks: Goldman Sachs, Schools and Capital Appreciation Bonds / Politics / Banksters
By: Ellen_Brown
Remember when Goldman Sachs—dubbed by Matt Taibbi the Vampire Squid—sold derivatives to Greece so the government could conceal its debt, then bet against that debt, driving it up? It seems that the ubiquitous investment bank has also put the squeeze on California and its school districts. Not that Goldman was alone in this; but the unscrupulous practices of the bank once called the undisputed king of the municipal bond business epitomize the culture of greed that has ensnared students and future generations in unrepayable debt.
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Wednesday, February 18, 2015
HSBC Corporate Governance Corruption / Companies / Banksters
By: BATR
When the Negotium essay, Long History of HSBC Money Laundering was written over two years ago, one might think that the Banksters would look to take a lower profile. Forget about it, when you are part of a made criminal syndicate you never have to serve time, just say you are sorry. Bloomberg reports, the “HSBC Holdings Plc Chief Executive Officer Stuart Gulliver offered “sincerest apologies” following fresh details of how the bank’s Swiss unit helped customers evade taxes.”
Thursday, February 12, 2015
Beware of Bankers Bearing Gifts - Take Your Mortgage to the Grave / Housing-Market / Banksters
By: Dennis_Miller
Childhood cartoons have programmed us to see bankers as evil, greedy businessmen who delight in preying on the poor. Case in point: Snidely Whiplash.
As children we latched onto stories of the evil banker who held the mortgage on poor Nell’s ranch. Somehow a hero, Dudley Do-Right, emerged in the nick of time to save the day, and the banker was foiled again.
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Tuesday, December 23, 2014
How Goldman and D.C. Hosed AIG – and the Taxpayers / Politics / Banksters
By: Money_Morning
Shah Gilani writes: The truth about crony capitalism, at the highest level, is being laid bare right before our eyes.
I’m talking here about Goldman Sachs Group Inc. (NYSE: GS) as the husband of global investment banking prowess with the U.S. government as its mistress puppet.
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Saturday, December 13, 2014
Cyprus-style Bank Bail-ins to Take Deposits and Pensions - The Global Bankers' Coup / Politics / Banksters
By: Ellen_Brown
On December 11, 2014, the US House passed a bill repealing the Dodd-Frank requirement that risky derivatives be pushed into big-bank subsidiaries, leaving our deposits and pensions exposed to massive derivatives losses. The bill was vigorously challenged by Senator Elizabeth Warren; but the tide turned when Jamie Dimon, CEO of JPMorganChase, stepped into the ring. Perhaps what prompted his intervention was the unanticipated $40 drop in the price of oil. As financial blogger Michael Snyder points out, that drop could trigger a derivatives payout that could bankrupt the biggest banks. And if the G20's new "bail-in" rules are formalized, depositors and pensioners could be on the hook.
Friday, December 12, 2014
How Wall Street “Jihadists” Are Engineering a Government Shutdown / Politics / Banksters
By: Money_Morning
Shah Gilani writes: WASHINGTON, D.C. – A tense battle between warring political parties erupted in Washington yesterday when Wall Street-backed Jihadist demands surfaced in the 1,600-page omnibus spending bill – threatening to first take the U.S. House of Representatives hostage, then all of America.
Intelligence services (obviously not Washington-based) initially identified the financial terrorists as Beltway lobbyists, but later revealed them to be a Big-Bank sleeper cell embedded in God-hating Dodd-Frank legislation, universally decried by the faithful as blasphemous.
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Saturday, November 29, 2014
At This Year’s Thanksgiving Table, the Knives Are Out for Goldman Sachs / Companies / Banksters
By: Money_Morning
kdowdle writes: A happy belated Thanksgiving to you all.
If yours wasn’t happy, just think – it could have been a lot worse. You could have been the turkey and gotten slaughtered, like the turkey in this tale I’m about to tell you.
It’s a tale of two birds of a feather, one a greedy, fat butterball stuffed with gibberish and ripped-off profits.
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Saturday, November 22, 2014
Science Finally Proves What We Already Knew About Bankers / Companies / Banksters
By: Money_Morning
Shah Gilani writes: “Business culture in the banking industry is favoring, or at least tolerating, fraudulent or unethical behaviors.”
That’s what Ernst Fehr told reporters in a telephone interview this week.
Fehr is an economist at the University of Zürich in Switzerland who co-led a study about business behavior.
Fehr’s study proves what we’ve all long knew – but it wasn’t the only piece of news last week that demonstrates the crookedness of bankers.
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Wednesday, November 12, 2014
Banks Fined - Britain's Banking Crime Syndicate Fined Billions for Forex Fixing / Companies / Banksters
By: Nadeem_Walayat
Last years big banks LIBOR rigging mega-fraud is so old news, for this year has seen the mainstream press and now the FCA regulator finally wake up to an even larger mega -fraud that of rigging the £3+ trillion daily forex markets which will prompt Britain's regulator to today fine several members of Britain's banking crime syndicate for their part in the fixing of forex market exchange rates in London that allowed the banks to profit at their clients expense.
Sunday, October 26, 2014
Why Do Banks Want Our Deposits? Hint: It’s Not to Make Loans / Politics / Banksters
By: Ellen_Brown
Many authorities have said it: banks do not lend their deposits. They create the money they lend on their books.
Robert B. Anderson, Treasury Secretary under Eisenhower, said it in 1959:
Read full article... Read full article...When a bank makes a loan, it simply adds to the borrower’s deposit account in the bank by the amount of the loan. The money is not taken from anyone else’s deposits; it was not previously paid in to the bank by anyone. It’s new money, created by the bank for the use of the borrower.
Monday, October 13, 2014
Just Blame the Banks / Politics / Banksters
By: Dr_Jeff_Lewis
“I think this is a time where people will look back on us and see it as a period of practically central bank worship.” - Jim Grant
Central bank equals big private-publicly owned banks. The populace still holds a collective deference for the banks. The view that the political financial alliance is the problem is still a rare one. Always one step from conspiracy.
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Tuesday, October 07, 2014
Let’s Watch as the Big Bank “Fixers” Scramble and Flee / Companies / Banksters
By: Money_Morning
Shah Gilani writes: If you can’t beat ‘em (or manipulate ‘em), then don’t join ‘em.
That’s the new Wall Street mantra, as evidenced by happenings in the “fixing” world.
Talk about irony. “Fixing” or “fix” are Wall Street terms used to describe how benchmarks are priced on hundreds of instruments, from the Libor and other foreign currency exchange rates to gold, silver and swaps.
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Friday, October 03, 2014
Here’s What the Secret Goldman Sachs Tapes Really Mean / Companies / Banksters
By: Money_Morning
Here’s how screwed we really are.
The economy is growing – imperceptibly
It’s like trying to watch grass grow, but it’s growing.
How do you feel about that?
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Wednesday, September 03, 2014
Bank Mortgage Settlements - There’s a Cost to All This Good News / Companies / Banksters
By: Money_Morning
Shah Gilani writes: Too-big-too-fail banks are paying record amounts to settle mortgage-related malfeasance dating back to the financial crisis, and everyone seems to think that’s good news.
It is… and it isn’t.
Not including legal costs and other lawsuits, Bank of America Corp. just settled for $16.65 billion, which beats the previous record $13 billion JPMorgan Chase & Co. paid.
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