WashingtonsBlog
Friday, June 29, 2012
Two stories this week prove once
again that the big banks are literally
criminal enterprises.
Initially, all of the big banks have
engaged in Mafia-style “bid-rigging”
of municipal bonds, to bilk money from every city in the nation …
to the collective tune of tens billions of dollars.
And Barclays and other large banks –
including Citigroup,
HSBC, J.P. Morgan Chase, Lloyds, UBS, Royal Bank of Scotland
– manipulated the world’s primary interest rate (Libor) which virtually every
adjustable-rate investment globally is pegged to.
And see this. That means they manipulated a good chunk
of the world economy.
Other recent stories also show
criminal fraud as well. For example, the big banks have been cheating homeowners … especially veterans.
And as Max Keiser explains, banking
giants Mellon and
Indeed, the entire business model
of the big banks is fraud. See this, this, this, this, this and this.
Fraud
caused the 1930s Depression and the current financial crisis.
There’s no recovery because the government made it official policy not to prosecute fraud (and see this,this
, this, and this).Unfortunately, the cop is on the take … and the
government’s only actions are to cover up the fraud and to leave the people holding the bag.