Are Big Banks Criminal Enterprises?

Big Banks Don’t Commit Any Crimes … Do They?

Here are some recent improprieties by the big banks:

  • Engaging in mafia-style big-rigging fraud against local governments. See this, this and this
  • 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, here, here, here, here, here, here, here, here, here, here and here
  • Pledging the same mortgage multiple times to different buyers.  See this, this, this, 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 this, this, this, this and this
  • Engaging in unlawful “Wash Trades” to manipulate asset prices. See this, this and this
  • Participating in various Ponzi schemes. See this, this 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.

Indeed, one of the world’s top fraud experts – professor of law and economics, and former senior S&L regulator Bill Black – says that most financial fraud is “control fraud”, where the people who own the banks are the ones who implement systemic fraud.  See this, this and this.

But at least the big banks do good things for society, like loaning money to Main Street, right?


  • The big banks have slashed lending since they were bailed out by taxpayers … while smaller banks have increased lending. See this, this and this
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  • the corrupt world order

    thats all folks. he couldent have said it better.

  • darlene

    Finally a clear look at the Facts , ty .

  • scaleindependent

    Thank you. Keep it up. We need documentation of the continual criminal, yet unprosecuted bankster fraud and their complicit political governance.

  • Wonder how many have been or will be prosecuted? Since the government is their protector and in collusion with them. I think eventually violence will erupt. Government will attempt suppression of the populous and its minions will be more willing to enforce executive orders then the constitution, which most probably have never read.

  • Fit Fem

    Whats the common denominator? Money! These institutions hold our money of course they are going to be swallowed up by corruption.I would expect nothing less. That’s why we need to regulate these institutions.

    Fitness Program