banksters

#ows - The criminal justice system in America is #failure when 2 completely different standards are being applied. One is when you get arrested arrested after smoking pot then you end up with a serious criminal record. While the other standard is applied to those reckless banksters who wreck the economy with no punishment or stupid fines which they can write off making it affordable. ONLY in America is where would have a criminal justice system that fails when it’s rigged to favor those who can afford it.

Crime does pay for people like the bankster.

Banks suffer no moral hazard for their fraud and manipulation because politicians get taxpayers to bail them out reflexively. Let banks fail, and more importantly, put bankers in jail. 

Bring back Glass-Steagall and put an end to the ruinous financial tricks of the banksters.

Elizabeth Warren To Take On The Fed After 46 Hours Of Secret Recordings Prove Corruption

Elizabeth Warren To Take On The Fed After 46 Hours Of Secret Recordings Prove Corruption

Image via flickr.com/mdfriendofhillary

Forty-six hours of secretly recordedconversations and meetings within the Federal Reserve were released Friday. These recordings blatantly demonstrate that big banks are still in charge. Federal Reserve Bank Examiners continue to play the role of passive little lap dogs seeking approval from their masters. They fear offending Daddy Warbucks and his army of…

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U.S. attorney general says banks may face criminal cases soon | Reuters

The U.S. Justice Department is pursuing criminal investigations of financial institutions that could result in action in the coming weeks and months, U.S. Attorney General Eric Holder said in a video, adding that no company was “too big to jail.”

The comments, made in a video posted on the Justice Department’s website on Monday, came as federal prosecutors push two banks, BNP Paribas SA and Credit Suisse AG , to plead guilty to criminal charges to resolve investigations into sanctions and tax violations, respectively, according to people familiar with the probes.

While Holder did not name any banks, he said he is personally monitoring the ongoing investigations into financial institutions and is “resolved to seeing them through.”

“I intend to reaffirm the principle that no individual or entity that does harm to our economy is ever above the law,” Holder said in the video. “There is no such thing as ‘too big to jail.’”

French bank BNP Paribas warned last week it faces fines from U.S. authorities in excess of $1.1 billion over allegations that it violated U.S. sanctions against Iran and other countries.

The Swiss finance minister met Holder on Friday to discuss a U.S. probe into Swiss banks that allegedly helped Americans evade U.S. taxes, which includes Credit Suisse.

While units of financial institutions have agreed to plead guilty to breaking U.S. criminal laws, such agreements have usually involved foreign subsidiaries who have little contact with U.S. regulators.

Japanese units of UBS AG and Royal Bank of Scotland plc, for example, pleaded guilty in the past two years to resolve criminal charges that their traders manipulated the Libor benchmark interest rate.

A criminal conviction of an entity regulated in the United States could lead authorities to potentially revoke a charter or undertake other punitive measures.

(Read Full Text) (Photo Credit: Occupy Wall St.)

One European Country Says F.U. To Banksters And Is Forgiving The Debt Of Its Poorest

One European Country Says F.U. To Banksters And Is Forgiving The Debt Of Its Poorest

While America is still in the midst of demonizing its poor, who apparently don’t work hard enough at their multiple jobs to collect the food stamps needed to feed children, Croatia has taken the opposite stance. It’s forgiving the debts of 60,000 of the nation’s poorest.

Image of Croatian Prime Minister Zoran Milanovic courtesy of Wikimedia

Not everyone will qualify for the program, which is set…

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