Little to NO Sympathy for Big Banks – New York Times

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NYT no sympathyIt’s no fun to be a banker these days. It is not just the increased regulation. It’s the lack of trust.

“At what point does this stop?” asked Gary Lynch, the former director of enforcement for the Securities and Exchange Commission who has gone on to jobs with many leading Wall Street firms and is now global general counsel at Bank of America.

He was referring to the escalation in penalties being levied on banks, culminating in the $13 billion JPMorgan Chase was forced to pay for a series of transgressions. Continue reading

Episode 5 – When Money Is Corrupted

An educational video on the history of money. It’s a fantastic 30 minute presentation which also reports on personal freedom, gold and silver,  the US dollar, and economic freedom.

This is the 5th episode of Michael Maloney’s Hidden Secrets Of Money. In this installment, we travel to Berlin and Frankfurt, where we were able to film the  money museum inside the Bundesbank…one of the world’s largest Central Banks.  Enjoy – knowledge is power! Continue reading

Money Is Not Safe In The Big Banks

Under the Dodd-Frank Act “losses will be assigned to shareholders and unsecured creditors. …as a depositor in a bank, under the law –
YOU ARE an unsecured creditor.”

banker_debt_web“The Leveraged Buyout of America” by , Author, Web of Debt, Public Bank Solution; President, Public Banking Institute

Giant bank holding companies now own airports, toll roads, and ports; control power plants; and store and hoard vast quantities of commodities of all sorts.

They are systematically buying up or gaining control of the essential lifelines of the economy. How have they pulled this off, and where have they gotten the money? Continue reading