Wednesday, July 10, 2013

Crimes of the Banksters are massive in scale


Crimes of the Banksters are massive in scale

bankersign


Here are just some of the improprieties by big banks:
  • Engaging in mafia-style big-rigging fraud against local governments. See thisthis andthis
  • 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,herehereherehereherehereherehereherehere and here
  • Pledging the same mortgage multiple times to different buyers. See thisthisthis,this and this. This would be like selling your car, and collecting money from 10 different buyers for the same car
  • Committing massive fraud in an $800 trillion dollar market which effects everything from mortgages, student loans, small business loans and city financing
  • Pushing investments which they knew were terrible, and then betting against the same investments to make money for themselves. See thisthisthisthis and this
  • Engaging in unlawful “Wash Trades” to manipulate asset prices. See thisthis and this
  • Participating in various Ponzi schemes. See thisthis and this
  • Bribing and bullying ratings agencies to inflate ratings on their risky investments
The executives of the big banks invariably pretend that the hanky-panky was only committed by a couple of low-level rogue employees. But studies show that most of the fraud is committed by management.

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