Posted by: Matthew D. Weidner, Esq. | on April 5, 2013
MSNBC host Rachel Maddow reports on how the Bush administration viewed the terrorist attacks of 9/11 as an opportunity to remove Saddam Hussein from power in part one of Hubris. Continue reading
Why is this important when $12 Trillion ends up off shore? Among other obvious reasons, as noted by Frank Wehrheim, the former head of the tax investigation unit in German financial hub Frankfurt, big banks such as Deutsche Bank are responsible for “aiding and abetting tax fraud, money laundering and similar crimes.” Because of complex structures in tax havens, tax investigators can “very rarely look into these acts,” Wehrheim said…and trillion$ of dollars are hidden from taxes…
Largest German bank’s Singapore unit helped birth companies and trusts in tax havens
Germany’s largest financial institution, Deutsche Bank, helped its customers maintain more than 300 secretive offshore companies and trusts through its Singapore branch, an investigation by German newspaper Sueddeutsche Zeitung, German public broadcaster NDR and the International Consortium of Investigative Journalists has found.
More than 100 customer consultants at Deutsche Bank Singapore helped create or manage 309 offshore entities for its customers in the British Virgin Islands and other tax havens, according to secret records obtained by the news organizations.
Most of the companies carry fantasy names like “Thrilling Returns Incorporated,” “Amazing Opportunity Limited” or “Market Dollar Group Limited.” Public sources don’t show any business activities for most of these companies.
And while I find it hard to believe Fannie and Freddie didn’t have a clue about what was going on, especially since they are basically the architects of MERS…It’s refreshing that the Court is allowing the lawsuit to proceed and get to discovery.
The DAILY SHEEPLE says:
“March and April 2013 may go down in history as the tipping point for the western financial system.
We have already seen:
Today marks the beginning of one of the biggest financial leaks in history.
The International Consortium of Investigative Journalists has just released the first stories from a global collaborative project into the world of offshore money. The Tax Justice Network, an advocacy group claims that a third of the world’s wealth is tied up in the secret area of offshore. Continue reading
It’s pretty obvious to anyone studying securitization in foreclosure defense that the mortgage-backed securities scheme is fraught with fraud and teetering on the brink of disaster.
And when the next crisis happens it will be a non-partisan financial force majeure.
Affirmations have been coming out more recently by those fed up with the dealings of Wall Street’s greed and fear operations. This post by John Meyers in Personal Liberty rings all too true. Continue reading
Europeans are a stone’s throw across the pond and what happens there eventually, like the Beatles, happens here. Many in the Euro-zone are asking each other and themselves:
“Is your money safe in the bank? Obviously not if you deposited large sums in Cyprus – where the decision to raid savings accounts has rung alarm bells in other countries teetering on the bank bailout high-wire,” posts Giles Tremlett of the UK’s Guardian News. Continue reading
STOCKTON, CA – BANKRUPT!
If you don’t think the Wall Street corruption and securities fraud, including mortgage-backed securities, isn’t affecting everyone – think again. Stockton, California has succumbed to bankruptcy due in large part to bad securities investments.
Look out California public employee retirees for the next Cyprus-like haircuts. Continue reading
Bernie – Of course they knew…but do you think any of these government employees want the banks to go down and eliminate their empty pensions altogether?
Madoff is sticking it to the banks. Madoff to FOX Business: ‘The banks knew’
Jailed Ponzi schemer Bernard Madoff plans to amplify his contention, possibly in testimony before Congress, that the big banks he did business with – J.P. Morgan Chase (JPM), Bank of New York Mellon (BK THE BANK OF NEW YORK MELLON CORP.), Citigroup (C CITIGROUP INC.) and HSBC Group (HBC), among others – knew what he was up to.
The banks have repeatedly and vehemently denied this contention.
But in an e-mail to FOX Business reporter Adam Shapiro received Tuesday, Madoff said he plans to offer specific information to Congressional committees investigating both his crimes and possible complicity on the part of Madoff’s banking partners.
Madoff said he has offered Irving Picard, the court-appointed bankruptcy trustee who has pored over Madoff’s finances since the scheme collapsed in late…
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Hey Joe – It’s not necessarily the money laundering aspect that the ethical personnel should have paid closer attention to…it’s the Ponzi scheme…and it’s not like the bank can’t see all the transactions, credit cards and general purchases that anyone makes from their keys to the backdoor.
The number of federal agencies now investigating JPMorgan Chase & Co. (NYSE:JPM), the biggest U.S. bank by assets, has grown to eight, and one case involves suspicions the biggest U.S. bank by assets did not fully alert authorities to concerns about Bernard L. Madoff, now in prison for an $18 billion Ponzi scheme, the New York Times said Wednesday.
Deadly Clear 