Top Bank Fraud Expert: ALL of the Big Banks’ Profits Come from FRAUD

The country’s top white collar crime expert, William Black – who put over 1,000 top S&L executives in jail for fraud, and is a  professor of law and economics at the University of Missouri – confirmed recently what the alternative media has been saying for years:  the business plan of Wall Street is fraud. That’s their key profit center.

Black also says that a British parliamentary investigation Tories found that all of the retail profits of the largest banks in the UK came from fraud.

Indeed, the big banks manipulate every single market … and routinely engage in criminal acts.

Who cares?

Well, experts say that we have to prosecute fraud or else the economy won’t EVER really recover and stabilize.

But the government is doing the exact opposite. Indeed, the Justice Department has announced it will go easy on big banks, and always settles prosecutions for pennies on the dollar (a form of stealth bailout. It is also arguably one of the main causes of the double dip in housing.)

Indeed, the government doesn’t even force the banks to admit any criminal guilt as part of their settlements. In fact:

The banks have been allowed to investigate themselves,” one source familiar with the investigation told Reuters. “The investigated decide what they want to investigate, what they admit to, and how much they will pay.

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    • Auldenemy

      That is why Farage and UKIP are detested by every main stream UK political Party, as in they confront the hypocrisy of government always in bed with Banksterville and Big Corp. I think people right across the Western Hemisphere have had enough of this cosy relationship. As for the EU, the sooner its bureaucratic despots find themselves out of work the better. The Reichstag in Brussels should be burned to the ground.

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    A surprisingly small number of corporations control massive global market shares. How many of the brands below do you use?

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  • HBD

    The banksters run the show. They’re not gonna prosecute themselves.

  • Alleged Comment

    When “trickie dick” Nixon took the dollar off the gold standard – all hell broke loose.

    The fraud extends anywhere from $14,000,000,000,000 to $240,000,000,000,000 depending on who you believe.

    Like phony money the figures are meaningless.

  • Buckwheat3

    WeLLLLLLLLLLLLLLL, lets see if we can achieve this small amount of sense.
    BUY MORE AMMO, get in shape and wait for the call.

  • A.Alexander

    Nationalize all banks, and Uncle Sam will loan you.

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