5 Years After the Financial Crisis, The Big Banks Are Still Committing Massive Crimes

Preface: Not all banks are criminal enterprises. The wrongdoing of a particular bank cannot be attributed to other banks without proof. But – as documented below – many of the biggest banks have engaged in unimaginably bad behavior.

You Won’t Believe What They’ve Done …

Here are just some of the improprieties by big banks over the last century (you’ll see that many shenanigans are continuing today):

  • 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
  • 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.

Even the bank with the reputation as being the “best managed bank” in the U.S., JP Morgan, has engaged in massive fraud. For example, the Senate’s Permanent Subcommittee on Investigations released a report today quoting an examiner at the Office of Comptroller of the Currency – JPMorgan’s regulator – saying he felt the bank had “lied to” and “deceived” the agency over the question of whether the bank had mismarked its books to hide the extent of losses. And Joshua Rosner – noted bond analyst, and Managing Director at independent research consultancy Graham Fisher & Co – notes that JP Morgan had many similar anti money laundering laws violations as HSBC, failed to segregate accounts a la MF Global, and paid almost 12% of its 2009-12 net income on regulatory and legal settlements.

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

Indeed, top experts say that fraud caused the Great Depression and the 2008 crisis, and that failing to rein in fraud is dooming our economy.

We can almost understand why Thomas Jefferson warned:

And I sincerely believe, with you, that banking establishments are more dangerous than standing armies ….

John Adams said:

Banks have done more injury to religion, morality, tranquillity, prosperity, and even wealth of the nation than they have done or ever will do good.

And Lord Acton argued:

The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.

No wonder a stunning list of prominent economists, financial experts and bankers say we need to break up the big banks.

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  • AMT

    Thats ok…the NSA is watching…hahahahahah!

  • gozounlimited

    The Greatest Financial Conspiracy In American History…. Dave Hodges ….Activist Post
    MUST READ …… http://www.activistpost.com/2013/09/the-greatest-financial-conspiracy-in.html


    I have concluded that the powers-that-be are hoarding hard assets as a means to maintain power following the economic reorganization which would follow a collapse. Further, this theory is further bolstered by the fact that Federal Reserve continues to buy $40 billion of mortgage backed securities every month and MERS is continuing their theft of homemortgages at record rates. This scenario looks like the globalists are following a massive wealth transfer scenario and the pace of this wealth transfer is accelerating. What is the rush? Could it be that what I wrote about two weeks ago is indeed coming into play?

    The GRID EX II drill in which the power grid is being “taken down in a simulation,” is something that cannot be easily dismissed as the next false flag event. However, this is eerily similar to what happened in 9/11 and the 7/7 bombings as well as the Boston Marathon bombing in which a drill culminated in a false flag attack. If the grid is taken down, and as I have stated before, a false flag within a false flag can be executed and the banks can be collapsed and the country will barely
    notice. Who would notice the missing digits in their bank accounts when the grid is down and the people are starving by the third day following the blackout? Meanwhile, government, as well as their banking and corporate partners, would hold most of the hard assets in the country following an economic collapse and would stand to be in a position of extreme power when the smoke eventually clears.

    In this scenario, the largest remaining asset that the banks would not totally control would be the privately owned homes and businesses. But after a collapse how would people pay their mortgage? The short answer is that they could not. And who would the deeds revert to? They would revert to the banks.

    Although I think this scenario is likely, this is only a theory regarding the tie-in with GRID EX II, hidden wealth and collusion to collapse the economy in order to transfer wealth and to consolidate holdings. However, what is not a theory is the fact that our hidden assets outnumbers the sum total of our debt as a nation, and the debt and the deficit could be paid off overnight should the people wake up and force the government to release the true wealth of the country.

  • Tonto

    This article is more a comment about human nature, than it is a comment about how the system can be righted. The truth is, a debt based monetary system can never be righted. Every debt-based monetary system is going to succumb to human nature.

    And in fact, it is human nature that makes a debt based monetary system so appealing. To the vast majority of lazy-assed human beings on this planet, borrowing money seems like a good idea.

    How’d it work out for YOU, sucker?

  • gozounlimited

    HSBC Whistleblower Speaks, Uncovered Terrorist Financing …… https://www.youtube.com/watch?v=QRYEFEJRw44

  • gifteconomy

    Only A GIFT ECONOMY can bring their satanic economic system down – FREE STUFF is the best weapon against a profit based system:
    -PLANT FREE WIKI-FRUIT-TREES, VEGES.. along roads, in parks, in school yards..= FREE FOOD & IMMEDIATE ABUNDANCE to all 7 billion people = first step toward PERSONAL sovereignty
    – use & create FREE STUFF at all levels (use Linux instead microsoft)
    -SHARE & GIFT as much as you can = nobody will be able to buy and sell you for a salary any more
    Working out of PASSION could /should be = all for FREE to all = everything could and should be a GIFT.. just like water, air…

  • Ziad K Abdlenour

    The Firm’s role is to be a trustworthy and competitive partner to
    businesses in the segments of the market which it serves and to support
    those businesses as they expand and develop.

    Ziad K Abdelnour