More Proof of DoJ Lack of Interest in Enforcing the Law: The Case of the Kickback-Demanding Banks
By Yves Smith
In this world of rampant banking miscreance, it may seem hard to get worked up about $6 billion in impermissible kickbacks. But this is a case of a clear-cut legal violation, with the particulars sent to the Department of Justice by the HUD Inspector General’s office on a silver platter. And one of the alleged big bad actors was the ever-sanctimonious Wells Fargo.
American Banker has a detailed write-up of a kickback scheme between major banks who were mortgage originators, in particular Wells, Citigroup, Countrywide, and SunTrust and mortgage insurers.
Posted in Economy Economics, Housing
Tagged banksters, Citigroup, Countrywide, dept of justice, economy, Foreclosure Task Force, government bribes, housing urban development, hud, kickbacks, mortgage fraud, SunTrust, Wells Fargo
By Dean Henderson
(Part one of a four-part series)
The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.
According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.
So who then are the stockholders in these money center banks?
This information is guarded much more closely. My queries to bank regulatory agencies regarding stock ownership in the top 25 US bank holding companies were given Freedom of Information Act status, before being denied on “national security” grounds. This is rather ironic, since many of the bank’s stockholders reside in Europe.
Posted in Economy Economics, Energy, NWO, War and Peace
Tagged Bank of America, Barclays, BIS, BNP, BP, bretton Woods, Chevron Texaco, Citigroup, Club of Rome, depopulation, Deutsche Bank, Exxon Mobil, federal reserve, global economy, imf, JP Morgan Chase, monopoly capitalist fascism, Royal Dutch/Shell, Trilateral Commission, Wells Fargo, world bank, World Economic Forum, world trade organization
By Betsy L. Angert
April 25, 2010, the day before the scheduled Senate vote. The subject, a debate financial reform
On April 25, 2010, a day before a vote that would decide whether the Senate would debate financial reform, Senator Bernie Sanders spoke of the oft-stated belief, some enormous economic engines are to “Too Big To Fail.”
Senator Sanders presented the numbers beginning with the big four (4). Bernie Sanders bellowed, there are 4 major banks in our country. These are Bank of America, Wells Fargo, JP Morgan Chase, and CitiGroup. Many in the audience might have recalled that three of these Tapped the Fed for Financing in August 2007.