A list of crimes by big banks

Discussion in 'Politics' started by J.E.D, Jul 22, 2012.

  1. J.E.D
    Offline

    J.E.D What's tha matta?

    Joined:
    Jul 28, 2011
    Messages:
    10,904
    Thanks Received:
    1,774
    Trophy Points:
    245
    Ratings:
    +2,576
    Here are some recent improprieties by the big banks:

    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)
    Laundering money for terrorists
    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
    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
    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
    Cooking their books (and see this)
    Bribing and bullying ratings agencies to inflate ratings on their risky investments

    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

    Are Big Banks Criminal Enterprises? | The Big Picture
     
  2. Full-Auto
    Offline

    Full-Auto Gold Member

    Joined:
    Jun 13, 2009
    Messages:
    13,555
    Thanks Received:
    1,614
    Trophy Points:
    153
    Ratings:
    +1,615
    These banks are backed by the full faith credit of the political parties. They allow it because they profit from it.
     
  3. Shelzin
    Offline

    Shelzin Equal Opportunity Asshole

    Joined:
    Jul 15, 2012
    Messages:
    2,575
    Thanks Received:
    355
    Trophy Points:
    63
    Ratings:
    +356
    Mitt:
    Goldman Sachs $593,080
    JPMorgan Chase & Co $467,089
    Bank of America $425,100
    Morgan Stanley $399,850
    Credit Suisse Group $390,360
    Citigroup Inc $312,800
    Kirkland & Ellis $264,302
    Wells Fargo $237,550
    Barclays $234,650
    PricewaterhouseCoopers $227,250
    Deloitte LLP $222,250
    HIG Capital $216,995
    UBS AG $207,750
    Blackstone Group $198,800
    Bain Capital $156,500
    Elliott Management $146,275
    Marriott International $137,827
    General Electric $135,450
    Bain & Co $130,550
    EMC Corp $129,450

    Obama:
    Microsoft Corp $387,395
    University of California $330,258
    DLA Piper $306,727
    Google Inc $271,300
    Sidley Austin LLP $257,296
    Harvard University $232,158
    Comcast Corp $201,606
    Stanford University $188,290
    Time Warner $183,614
    Skadden, Arps et al $169,753
    US Government $149,458
    US Dept of State $147,917
    Kaiser Permanente $139,507
    National Amusements Inc $138,955
    Morgan & Morgan $135,145
    Columbia University $134,497
    Wells Fargo $127,807
    University of Chicago $127,507
    Wilmerhale Llp $117,661
    Kirkland & Ellis $113,770

    Ron Paul:
    US Army $113,703
    US Navy $89,993
    US Air Force $89,009
    Google Inc $42,478
    US Dept of Defense $38,350
    Microsoft Corp $30,259
    US Marine Corps $29,703
    Boeing Co $27,367
    IBM Corp $27,006
    Lockheed Martin $22,000
    Northrop Grumman $21,813
    US Government $21,482
    Intel Corp $21,445
    Ragingwire Enterprise Solutions $20,000
    Corriente Advisors $20,000
    Oracle Corp $17,405
    Verizon Communications $17,243
    AT&T Inc $16,652
    US Postal Service $16,203
    FedEx Corp $16,115

    What does that say?
     
  4. Sinjorri
    Offline

    Sinjorri Senior Member

    Joined:
    Mar 6, 2012
    Messages:
    2,037
    Thanks Received:
    267
    Trophy Points:
    48
    Ratings:
    +267


    both sides like money?
     
  5. Shelzin
    Offline

    Shelzin Equal Opportunity Asshole

    Joined:
    Jul 15, 2012
    Messages:
    2,575
    Thanks Received:
    355
    Trophy Points:
    63
    Ratings:
    +356
    And I posted three. Third one doesn't like money? Or... Perhaps the third isn't bought by the same people.
     
  6. Sinjorri
    Offline

    Sinjorri Senior Member

    Joined:
    Mar 6, 2012
    Messages:
    2,037
    Thanks Received:
    267
    Trophy Points:
    48
    Ratings:
    +267
    they all love money, u can accept it or not, i just prefer to accept it and when they say its not about the money, its about the money. lo and behold u are now caught up.
     
  7. Moonglow
    Offline

    Moonglow Diamond Member

    Joined:
    Jun 27, 2011
    Messages:
    82,014
    Thanks Received:
    8,037
    Trophy Points:
    2,070
    Location:
    sw mizzouri
    Ratings:
    +29,638
    I love money also, but not as much as a porterhouse steak and baked potatoe.
     
  8. Shelzin
    Offline

    Shelzin Equal Opportunity Asshole

    Joined:
    Jul 15, 2012
    Messages:
    2,575
    Thanks Received:
    355
    Trophy Points:
    63
    Ratings:
    +356
    First... It's "you"

    Second... Why not try to buy Ron Paul, and why in the world are those people who are trying to buy him doing it? I feel kind of silly having to lay it out there for you like that... But if it's needed...
     
  9. waltky
    Offline

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    20,901
    Thanks Received:
    1,792
    Trophy Points:
    215
    Location:
    Okolona, KY
    Ratings:
    +3,888
    Feds Sue Wells Fargo Over Mortgages...
    :clap2:
    US sues Wells Fargo over FHA-insured loan defaults
    Oct 9, 2012 : Bank accused of knowingly making reckless loans
     
  10. Shelzin
    Offline

    Shelzin Equal Opportunity Asshole

    Joined:
    Jul 15, 2012
    Messages:
    2,575
    Thanks Received:
    355
    Trophy Points:
    63
    Ratings:
    +356
    That would explain why banks have been more apt to support Willard.
     

Share This Page