Governments already guarantee most deposits within retail banks, you know our basic accounts. Rather than just guaranteeing them perhaps it is time to nationalize them, before breaking them up into smaller units. These are the accounts nearly everyone uses on a day to day basis and should be protected from the rampant corruption within the financial services.
Off-shoring over $21tn from every country on the planet for the basic tenants of avoiding tax and hiding profit.
We see the banks distorting and our economies over many decades and even damn near breaking them in the process.
We all bailed them out, when I say we I don't include the 0.01% who just became even richer as a result. They also profit from poverty
Big banks like Bank of America, Wells Fargo, JPMorgan Chase, and US Bank finance approximately 42% of the entire payday loan industry, providing the industry the capital for usurious and predatory loans.
They fix the rates for
their own gain
Fedral prosecutors in Washington DC have recently contacted lawyers representing some of the individuals under suspicion to notify them that criminal charges and arrests could be imminent, said two sources speaking anonymously.
Individuals be damned. it is the whole bloody corrupt house of cards that needs prosecuting.
They even dabble in money laundering
The same casa de cambio, called Puebla, was known to be under investigation in another case involving the Wachovia bank during the time HSBC was entertaining its money. US authorities had seized $11m from Wachovia's Miami office, on the way to securing the biggest settlement in banking history with Wachovia in March 2010, detailed in this newspaper last year.
If two have already been caught with their fingers in the cookie jar is this in fact generic banking practice?
We have the richest trying to buy our democracy to keep their feeding frenzy going aided and abetted by SCOTUS.
We don't have capitalism or free markets we have a whole system geared to one end, siphoning off the riches of all our nations. Globalism gone haywire, nation states are merely pawns in the game.
The Olympic games is a beacon to corporatism gone wild.
This description applies not to some global corporation, nor to a drug cartel, but to the international Olympic "movement". Enjoy the Games if you will, but at least be aware of the real nature of this monster that stirs from its cave every four years - or every two, if you include the smaller Winter Olympics.
No wonder Mitt Romney was so eager.
With their global reach, misinvoicing and monetary power they menace our nations, it is long past time for this to end.
Bankrupt we are not, we have been robbed.