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global bankers= legalized crime

This is a discussion on global bankers= legalized crime within the Stock Market forums, part of the US Discussion category; Dodd Frank is not NEARLY enough to contain these criminals. Its important because the *cough* "financial services" sector makes up a large chunk of our ...


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Old 07-18-2012, 07:44 PM
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global bankers= legalized crime

Dodd Frank is not NEARLY enough to contain these criminals. Its important because the *cough* "financial services" sector makes up a large chunk of our economy (thanks outsourcers )

first they blew up the world economy, then none of them were sent to prison for knowingly selling junk, LIBOR trillion $ rate-rigging scandal, HSBC cartel money laundering and, London whales, to top it off, they own the u.s. senate.,

Crooked Bankers | On Point with Tom Ashbrook
Quote:
Somali pirates and piracy, pretty quiet this year we’re told. Wish we could say the same about the world of big banks. From the gory headlines week after week, the world of big banking can look like a pirates’ jamboree. LIBOR rate rigging. Mexican money laundering. London whaling.

Ponzi schemes and crooked deals and straight up theft and fraud. It’s too much. It’s appalling. Giant HSBC in the hot seat now for moving billions in drug lord money. Some days it feels like there are Somali pirates in the world’s banking wheelhouse.
The reason nothing may happen is:


JPMorgan traders may have sought to conceal losses - BostonHerald.com


Libor Reported as Rigged in

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Old 07-21-2012, 01:04 PM
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Old 07-21-2012, 05:59 PM
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Mark Rich was one of the most notorious corporate pirates at the time and he was on the FBI ten most wanted list. He was pardoned by democrat Bill Clinton because Rich's wife donated a million dollars to Clinton's "library". Democrat Barney Frank told Americans that Fannie Mae was doing fine when it was on the verge of collapse. Democrat Barry Hussein wasn't smart enough to earn a living on his own. Who would you rather have in the white house? A republican or a democrat?
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Old 07-21-2012, 06:00 PM
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Of course the watchdog, getting his share of the fox's chicken is not to blame at all...

are they?
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Old 07-23-2012, 01:50 PM
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Old 07-23-2012, 03:22 PM
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Quote: Originally Posted by Dot Com View Post
Dodd Frank is not NEARLY enough to contain these criminals. .



You mean Dodd Frank are not nearlly enough to corrupt the banks.
Dodd-Frank are apart of of the problem.

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Old 07-23-2012, 04:04 PM
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This happened in large part because we outsourced a goodly portion of our manufacturing base and became a nation w/ an economy based on "services" such as retail & banking. All they do is serve as middle men or paper pushers.
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Old 07-25-2012, 09:01 AM
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Wall Street Legend Sandy Weill: Break Up the Big Banks - Yahoo! Finance
Quote:
He essentially called for the return of the Glass-Steagall Act, which imposed banking reforms that split banks from other financial institutions such as insurance companies.
"I'm suggesting that they be broken up so that the taxpayer will never be at risk, the depositors won't be at risk, the leverage of the banks will be something reasonable, and the investment banks can do trading, they're not subject to a Volker rule (the Volcker rule explained), they can make some mistakes, but they'll have everything that clears with each other every single night so they can be market-to-market," Weill said.
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Old 07-25-2012, 09:13 AM
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Lefties have to know that all this "out-sourcing" stuff is political smoke and mirror B.S. The left used the term "global economy" for years to keep the US from being independent of foreign oil and now the hypocrite SOB's turn on a dime and whine about a guy who legally did what the federal government has been doing for decades. When do you hear the left calling for former democrat governor Jon Corzine's head for losing a billion dollars of customer assets? When do you hear the left talking about Clinton pardoning the most notorious corporate criminal who was on the FBI 10 most wanted list in exchange for a couple of bucks donated to his "library"? Maybe there is a faction of ignorant radical left wingers who actually believe that capitalism is evil or maybe the entire left is nothing but a bunch of hypocrites.
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Old 07-27-2012, 07:18 PM
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the bankers et al own BOTH sides of the aisle smart guy.
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Old 12-11-2012, 12:51 AM
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Granny says, "Dat's right - dey payin' out the butt fer it now...

HSBC to pay $1.9bn in US money laundering settlement
11 December 2012 - HSBC has admitted its money laundering controls have been too lax
Quote:
HSBC has confirmed it is to pay US authorities $1.9bn (1.2bn) in a settlement over money laundering, the largest paid in such a case. The UK-based bank was alleged to have helped launder money belonging to drug cartels and nations under US sanctions. Earlier this year HSBC admitted having poor money laundering controls following a US Senate investigation. Last month it announced it had set aside $1.5bn to cover the costs of any settlement or fines. "We accept responsibility for our past mistakes," said HSBC group chief executive Stuart Gulliver. "We have said we are profoundly sorry for them, and we do so again."

The bank said it had spent $290m on improving its systems to prevent money laundering and clawed back some bonuses paid to senior executives in the past. The news followed the announcement of a similar but much smaller settlement with UK-based Standard Chartered bank, which will pay $300m in fines for violating US sanctions. The cases are seen as part of a crackdown on money laundering and sanctions violations being led by federal government agencies and New York state authorities. Money laundering is the process of disguising the proceeds of crime so that the money cannot be linked to the wrongdoing.


Senate criticism

The settlement had been widely expected following a report by the US Senate, published earlier this year, that was heavily critical of HSBC's money laundering controls. The report suggested HSBC accounts in Mexico and the US were being used by drug barons to launder money. It cited examples including the transfer of $7bn between HSBC's Mexican and US subsidiaries between 2007 and 2008, made despite Mexico's reputation as a centre for drug smuggling. It also said HSBC regularly circumvented restrictions on dealings with Iran, North Korea, and other states subject to US sanctions. HSBC admitted its money laundering controls were not strong enough following the Senate report.

On Tuesday, the London-based multinational announced it had appointed a former US official to work as its head of financial crime compliance - a new position. Bob Werner was previously the head of the US Treasury's Office of Foreign Assets Control (OFAC) - the agency responsible for enforcing the US sanctions on countries including Iran. He will be responsible for beefing up HSBC's anti-money laundering and sanctions compliance systems. It is unclear what impact the case will have on HSBC's business. The bank is the biggest in Europe by market capitalisation, and made pre-tax profits of $12.7bn for the first six months of 2012.

BBC News - HSBC to pay $1.9bn in US money laundering settlement
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Kinda funny how, instead of a 'sequester', the Wall Street bankers got bailed out.
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Old 01-01-2013, 11:32 AM
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Quote: Originally Posted by whitehall View Post
Lefties have to know that all this "out-sourcing" stuff is political smoke and mirror B.S. The left used the term "global economy" for years to keep the US from being independent of foreign oil and now the hypocrite SOB's turn on a dime and whine about a guy who legally did what the federal government has been doing for decades. When do you hear the left calling for former democrat governor Jon Corzine's head for losing a billion dollars of customer assets? When do you hear the left talking about Clinton pardoning the most notorious corporate criminal who was on the FBI 10 most wanted list in exchange for a couple of bucks donated to his "library"? Maybe there is a faction of ignorant radical left wingers who actually believe that capitalism is evil or maybe the entire left is nothing but a bunch of hypocrites.
Do the criminal scum on Wall Street lean left or right?
Do they donate to the left or right?
Do they believe in Free Markets or cozying up to their Wall Street buddies in DC?
Do the bankers control our government or do the people of this country?

Watch The Full Program Online | The Warning | FRONTLINE | PBS

In 1994, Brooksley Born saw the dangers in derivatives and wanted to regulate them, the banksters told her and Summers who is boss.

"I walk into Brooksley's office one day; the blood has drained from her face," says Michael Greenberger, a former top official at the CFTC who worked closely with Born. "She's hanging up the telephone; she says to me: 'That was [former Assistant Treasury Secretary] Larry Summers. He says, "You're going to cause the worst financial crisis since the end of World War II."... [He says he has] 13 bankers in his office who informed him of this. Stop, right away. No more.'"


What would happen if 13 common citizens went to Summers office and demanded him stop something? Security would be called and they would be thrown out, unless your a filthy cockroach wall street bankster thug.

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Old 03-03-2013, 05:48 AM
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Yup.

Our banking system is based on a criminal system granting Banks control over the economy.

Our entire monetary system IS ORGANIZED LEGALIZED CRIME that makes debt slaves of most of us personally and our nation collectively.

No economic solution that doesn't start out with publica hangings of some of the Bankster CEOs will work.

Banking has become a PARASITIC system sucking the life out of our society.
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Old 03-03-2013, 06:08 AM
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Do not criticize Banks, they helped Bankroll the Glorious Russian Revolution.

They are also laundering billions in drug money from the sale of Afghanistan Heroin that your Soldiers are protecting even as we speak.

The Trillions being played on the Stock Market (Gift of Federal Reserve) is the only reason your Capitalist Pig Dog Economy even has a pulse.

Do not criticize Banks, they are the true basis of all power in the World today.

Bow down to the Governments they control.
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Old 03-03-2013, 05:31 PM
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If it's "legalized" it's not a crime. The pot heads will tell you that. Closer to home I'd submit that the chairperson of the Congressional Banking committee was guilty of a crime when he told Americans that Fannie Mae was solvent when it was on the verge of collapse.
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