A cursory autopsy of last month’s Banco Popular failure had economic officials scrambling to figure out how best to prevent a similar financial debacle; but the idea of cutting customers’ access to their own funds when conditions warrant, blasts apart a Pandora’s Box of potentialities — all,..
(Claire Bernish) First, Iceland, and now Spain has taken on the Big Bankers responsible for financial calamity, as the country’s highest national court charged the former head of Spain’s central bank, a market regulator, and five other banking officials over a failed bank leading to the loss of millions of euros for smaller investors.
Bank of Scotland Could Face $12 Billion Fine…Tuesday, January 31, 2017 British based Bank of Scotland – which includes the Halifax banking group is on the verge of a $12 billion American fine for selling toxic mortgage debt. It is not known if the group can survive this. However as it’s a state run bank it is likely that the British tax payers will once again be forced to bail out the bank for a second time in less than 10 years!
‘Following Prime Minister Renzi’s defeat in the Italian referendum troubled bank Monte dei Paschi di Siena has been told to prepare for a state bailout. Despite the relatively calm market reaction, principal investor Qatar is reportedly reconsidering its participation in the five billion euro recapitalization of the world’s oldest bank. Financial experts are worried a…
Russia and their BRIC allies have done three things in the last week we are only learning about today. They all are preparing for war:
1) First: In a very trying moment just after forces loyal to the United States Corporation outright bombed a Syrian/Russian military base 17 September Russia and China prepped their Portable ICBM’s for immediate launch
Both Nations have been upgrading their Nuclear Forces now for 3 years.
Now these Portable ICBM’s have been moved to their boarders facing Europe, Alaska and Japan, and the Philippines.
These are not the old Liquid Fuelled Rockets of the 1990s but completely upgraded and rebuilt Nuclear Missiles using solid fuels as their propellants.
Whether they contain Nuclear Warheads, Compressed Nuclear Rods, or other explosives they are very dangerous.
Just three of these Thermonuclear warheads have enough force to literally flatten the state of New York…. And 20 would kill every living thing form the Southern tip of Florida to Northern Coast of Maine – Casualty Rate for ALL Living Things: 100 for 250,000 years.
In April, Wells Fargo & Co admitted to defrauding the United States government for nearly an entire decade, which subsequently led to the housing market collapse — and the United States punished no one.
Bank of America Corp (BAC.N), Citigroup Inc (C.N), Deutsche Bank AG (DBKGn.DE) and JPMorgan Chase & Co (JPM.N), have all previously made the same admission and settled similar federal lawsuits — again, with no one being held criminally responsible.
Or take the right to vote. In principle, it is a great privilege. In practice, as recent history has repeatedly shown, the right to vote, by itself, is no guarantee of liberty. Therefore, if you wish to avoid dictatorship by referendum, break up modern society’s merely functional collectives into self-governing, voluntarily co-operating groups, capable of functioning outside the bureaucratic systems of Big Business and Big Government.
The single event that changed my life more than any other was TARP, aka the banker bailouts. The unfairness, extreme greed and selfishness with which the status quo bailed out financial criminals while leaving the public high and dry changed me forever. When it comes to shaping American history, it is equal in importance to the attacks of 9/11.