Share on Google Plus Share on Twitter 1 Share on Facebook 2 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 3 (6 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   3 comments
OpEdNews Op Eds

10 Outrageous Crimes The Banksters Hope You Forget

By       Message Mick Meaney     Permalink
      (Page 1 of 1 pages)
Related Topic(s): , Add Tags Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to H2 5/21/14

It's long been established that the financial system is infiltrated and controlled by criminals; however, recent scandals and the economic crash of 2008 have diverted attention away from other misdeeds that should not be ignored.

This report hopes to serve as a reminder that widespread corruption within the banking industry is nothing new; in fact you could say it was built that way. So here we're going to look at just a handful of crimes that the banksters hope you forget:

Iran Contra

In the Iran Contra scandal, the Bank of Credit and Commerce International revealed how it aided the CIA and other intelligence agencies in laundering billions of dollars in financial fraud, illegal drugs deals, and other crimes.

"Allocated" Gold Scam

In August 2005 Morgan Stanley were forced to settle a class-action law suit for duping their clients. The bank sold precious metal under false pretenses, claiming that it was bought and stored by the company when in fact the bank went ahead and invested in lesser-value stocks and securities.

Fraudulent Foreclosure

Giant banks have been shown to have engaged in fraudulent foreclosure practices. The big banks used robo-signers to forge mortgage documents that led to many people losing their homes. This included people that never held any mortgages. Even president Obama was affected. Attorney generals from 40 states have launched investigations.

Drugs Money

In 2009 the United Nation's drug and crime tsar reported to the Observer that drug money to the tune of billions of dollars saved the financial system from going under during the global crisis.

Nazi Connections

In 1999 the BBC reported that the Nazis were funded by American banks. According to unclassified documents, Manhattan Chase Bank froze the assets of Jews when it collaborated with German authorities during the war.

Mortgage Scams

The Bank of America NA received financial incentives from a federal program to assist homeowners get mortgage-loan modifications. However, it prevented the homeowners from receiving these modification programs that could have saved them millions of dollars in losses.

Illegal Fees

And in a massive fraud against American taxpayers and veterans, JP Morgan Chase and San Francisco's Wells Fargo Bank of America and appeared on the list of 13 banks and mortgage lenders that charged military veterans illegal fees to refinance their home loans. In order to conceal the illegal fees, the banks and mortgage companies inflated the legal charges.

Hiking Interest Rates

Morgan Stanley was exposed for its part in hiking interest rates. Unsealed documents revealed that the global bank cabal colluded and schemed for many years to manipulate the interest rates.

Insider Trading

Research indicates that most cases of bank fraud usually involve the bank's insiders. More than half of these cases usually involve chief executives, finance directors, and other senior managers.

Dirty Money

Recently, HSBC were accused in a report by the senate of exposing the American economy to money from Saudi Arabian terrorists, rogue regimes in Cuba and Korea, and Mexican drug cartels.

Like always, these crimes are just a glimpse into the murky world of the corrupt establishment. Do your own research, the items listed here are just the beginning.

Mick Meaney is the editor of RINF Alternative News.

 

- Advertisement -

View Ratings | Rate It

http://www.rinf.com
Mick Meaney is a 33 year old independent researcher and alternative media veteran having founded the RINF.COM alternative news website in 2004. He works full-time on exposing the corruption, crimes and misdeeds of the ruling elite.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon



Go To Commenting
/* The Petition Site */
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Related Topic(s): , Add Tags

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

How The British Banking Industry Became An Organised Crime Enterprise

10 Outrageous Crimes The Banksters Hope You Forget

Ridiculous US Warfare Expenditure

Mass Surveillance: CIA To Access All UK Government Data

New Calls For Bush War Criminals To Face Justice

Outsourcing Torture: 50 Countries Complicit In Extraordinary Rendition