Startseite > Geo Politik > Betrugs Maschinerie der Banken: Wall Street Banks, Money Laundering and the Drug Trade

Betrugs Maschinerie der Banken: Wall Street Banks, Money Laundering and the Drug Trade

Privatisierung, Bankanster, GEldwäsche, Betrug ohne Ende. Und immer dabei: Deutsche Bank, Goldman Sachs und US Politiker wie auch USAID, durch Banken Gründungen im Ausland

Greenspan – US-Bankensystem ist voller Betrug

November 12, 2010
Dienstag, 9. November 2010 , von Freeman um 20:30

Hier haben wir eine Aussage vom ehemaligen Chef der Fed, Alan Greenspan, die ist der Hammer! Er sagt, das US-Bankensystem ist voller Betrug, wärend sein Nachfolger Ben Bernanke ganz nervös neben ihm sitzt und sich diese Wahrheit anhören muss. Jetzt haben wir es direkt aus dem Mund des “Chefs” persönlich.

Er äusserte sich anlässlich der Feier auf Jekyll Island am vergangenen Wochenende und sie waren unter sich, deshalb möglichweise diese Offenheit. Das Publikum draussen sollte das sicher nicht hören.

Gangster Bankers: Too Big to Jail
How HSBC hooked up with drug traffickers and terrorists. And got away with it
Illustration by Victor Juhasz
February 14, 2013 8:00 AM ET

The deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the fireplace to notice. Flooring politicians, lawyers and investigators all over the world, the U.S. Justice Department granted a total walk to executives of the British-based bank HSBC for the largest drug-and-terrorism money-laundering case ever. Yes, they issued a fine – $1.9 billion, or about five weeks‘ profit – but they didn’t extract so much as one dollar or one day in jail from any individual, despite a decade of stupefying abuses.

People may have outrage fatigue about Wall Street, and more stories about billionaire greedheads getting away with more stealing often cease to amaze. But the HSBC case went miles beyond the usual paper-pushing, keypad-punching­ sort-of crime, committed by geeks in ties, normally associated­ with Wall Street. In this case, the bank literally got away with murder – well, aiding and abetting it, anyway.

Daily Beast: HSBC Report Should Result in Prosecutions, Not Just Fines, Say Critics

For at least half a decade, the storied British colonial banking power helped to wash hundreds of millions of dollars for drug mobs, including Mexico’s Sinaloa drug cartel, suspected in tens of thousands of murders just in the past 10 years – people so totally evil, jokes former New York Attorney General Eliot Spitzer, that „they make the guys on Wall Street look good.“ The bank also moved money for organizations linked to Al Qaeda and Hezbollah, and for Russian gangsters; helped countries like Iran, the Sudan and North Korea evade sanctions; and, in between helping murderers and terrorists and rogue states, aided countless common tax cheats in hiding their cash.

„They violated every goddamn law in the book,“ says Jack Blum, an attorney and former Senate investigator who headed a major bribery investigation against Lockheed in the 1970s that led to the passage of the Foreign Corrupt Practices Act. „They took every imaginable form of illegal and illicit business.“

That nobody from the bank went to jail or paid a dollar in individual fines is nothing new in this era of financial crisis. What is different about this settlement is that the Justice Department, for the first time, admitted why it decided to go soft on this particular kind of criminal. It was worried that anything more than a wrist slap for HSBC might undermine the world economy. „Had the U.S. authorities decided to press criminal charges,“ said Assistant Attorney General Lanny Breuer at a press conference to announce the settlement, „HSBC would almost certainly have lost its banking license in the U.S., the future of the institution would have been under threat and the entire banking system would have been destabilized.“

Read more:

Wall Street Banks, Money Laundering and the Drug Trade

DOJ Urges Federal Court to Approve Sweetheart Deal with Drug-Tainted HSBC

Global Research, March 07, 2013


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You can get much farther with a kind word and a gun than you can with a kind word alone. — Al Capone

In Reckless Endangerment, a lively exposé of the frauds at the heart of the subprime meltdown, journalists Gretchen Morgenson and Joshua Rosner wrote that if “mortgage originators like NovaStar or Countrywide were the equivalent of drug pushers hanging around a schoolyard and the ratings agencies were the narcotics cops looking the other way, brokerage firms providing capital to the anything-goes lenders were the overseers of the cartel.”

Their observations are all the more relevant given the outrageous behavior by major banks which polluted an already terminally corrupt financial system with blood-spattered cash siphoned-off from the global drug trade.

It wouldn’t be much of a stretch to insist that drug money laundered by financial giants like HSBC and Wachovia were in fact, little more than “hedges” designed to offset losses in residential mortgage backed securities (RMBS), sliced and diced into toxic collateralized debt obligations, as the 2007-2008 global economic crisis cratered the capitalist “free market.”

And like Wachovia’s ill-fated $25.5 billion (£16.96bn) buy-out of Golden West Financial/World Savings Bank at the top of the market in 2006, HSBC’s 2002 purchase of Household International and its mortgage unit, Household Finance Corporation for the then princely sum of $15.2 billion (£10.02bn) also proved to be a proverbial deal too far.

Evidence suggests that HSBC stepped up money laundering for their cartel clients as the hyperinflated real estate bubble collapsed. Along with other self-styled masters of the universe who were bleeding cash faster than you can say credit default swaps, HSBC posted 2008 projected first quarter losses of “$17.2 billion (£8.7bn) after the decline in the US housing market hit the value of its loans,” BBC News reported.

From there RMBS deficits skyrocketed. By 2010, as Senate and Justice Department investigators were taking a hard look at bank shenanigans, Reuters reported that HSBC Holdings was “working off $20 billion [£13.19bn] worth of loans per year in its US Household Finance Corp. unit” where “liabilities stood at about $70 billion [£46.17bn].”

However you slice today’s epidemic of financial corruption, a trend already clear two decades ago when economists George Akerlof and Paul Romer published their seminal paper, Looting: The Economic Underworld of Bankruptcy for Profit, incentives were huge as senior bank executives inflated their balance sheets with “criminal proceeds … likely to have amounted to some 3.6 per cent of GDP (2.3-5.5 per cent) or around US$2.1 trillion in 2009,” according to a 2011 estimate by the United Nations Office on Drugs and Crime (UNODC).

To make matters worse, willful criminality


As Matt Taibbi observed in Rolling Stone, “At HSBC, the bank did more than avert its eyes to a few shady transactions. It repeatedly defied government orders as it made a conscious, years-long effort to completely stop discriminating between illegitimate and legitimate money. And when it somehow talked the U.S. government into crafting a settlement over these offenses with the lunatic aim of preserving the bank’s license, it succeeded, finally, in making crime mainstream.”

What we are dealing with here is nothing less than a perverse economic system thoroughly criminalized by its elites; a bizarro world as Michel Chossudovsky pointed out where “war criminals legitimately occupy positions of authority, which enable them to decide ‘who are the criminals’, when in fact they are the criminals.”

Tom Burghardt is a researcher and activist based in the San Francisco Bay Area. In addition to publishing in Covert Action Quarterly and Global Research, an independent research and media group of writers, scholars, journalists and activists based in Montreal, he is a Contributing Editor with Cyrano’s Journal Today. His articles can be read on Dissident Voice, Pacific Free Press, Uncommon Thought Journal, and the whistleblowing website WikiLeaks. He is the editor of Police State America: U.S. Military “Civil Disturbance” Planning, distributed by AK Press and has contributed to the new book from Global Research, The Global Economic Crisis: The Great Depression of the XXI Century.

Die Wirtschafts Mafia: Law, Greenspan, Bernanke: Und jetzt werden wir alle reich

Greenspan – US-Bankensystem ist voller Betrug

JP Morgan Chase – Goldman Sachs – Deutsche Bank: Die Betrugs Maschinerie im “Ponzi” System

Kategorien:Geo Politik Schlagwörter:
  1. agron
    Mai 11, 2014 um 4:08 pm

    Mai 2014: Lukas Reimann Rede zur Goldinitative.
    Ungedecktes Geld ist der grosse Betrug unserer Zeit.

  2. agron
    August 15, 2014 um 6:03 am

    Sanktionen: Russische Zentralbank droht mit Crash des globalen Finanz-Systems
    Deutsche Wirtschafts Nachrichten | Veröffentlicht: 02.08.14, 02:38 | 159 Kommentare

    Mit der Aufnahme der russischen Sberbank auf die Sanktions-Liste könnten die EU- und US-Politiker einen verhängnisvollen Fehler gemacht haben: Die Bank wird von der russischen Zentralbank beherrscht. Diese kennt die internationalen Verflechtungen im Finanz-System genau. In einer geharnischten Stellungnahme drohen die russischen Banker unverhohlen mit einem Crash des Finanzsystems: Ein Drittel der Anteile an der Sberbank halten nämlich Investoren aus Europa und den USA.

  3. oiup
    Januar 28, 2015 um 4:01 pm

    Deutsche Banken identisch

    ‘Fundamentally corrupt’: UK banks slammed for selling pointless card insurance
    Published time: January 28, 2015 15:26
    Get short URL
    Reuters / Laszlo Balogh

    Reuters / Laszlo Balogh

    Banking, Finance, Retail, Scandal, UK

    Two million customers will be eligible for compensation from some of Britain’s biggest banks after being deliberately sold useless credit card insurance policies.

    A compensation agreement was reached between the Financial Conduct Authority (FCA), retail banks and credit card issuers, which could see individual claimants receiving as much as £200 apiece.

    Credit card insurance was marketed as a safe way to protect against the fraudulent use of your card in the event it was lost or stolen.

    However, such insurance was useless because banks are already obliged to cover customers for fraudulent expenses in the majority of cases.

    In a damning criticism, Liberal Democrat peer Lord Thurso condemned sales practices used by Britain’s high street banks as being “fundamentally corrupt.”

    UK retail banks have already paid out around £22 billion in compensation for mis-selling Payment Protection Insurance (PPI).

    The Financial Ombudsman said earlier this month it would be years before the PPI scandal is over, with about 4,000 complaints being made each week.

    This latest transgression follows a similar falsely marketed insurance policy sold by credit card issuer CPP Group. CPP was fined a record £10.5 million by the FCA regulator for mis-selling in November 2012.

    High street banks, which referred customers to CPP, could face a compensation payout totaling £1.3 billion, according to the FCA.

    Reuters / Suzanne Plunkett

    Reuters / Suzanne Plunkett

    The policies under fire this month were created by US marketing firm Affinion Group and sold by banks between January 2005 and August 2013.

    They were marketed under a variety of names, including Card Protection, Sentinel and Secure Plus.

    On average, customers paid £25 a year for the bogus card security product, with some paying as much as £40.

    The amount of compensation to be paid out will depend on how many wronged customers decide to claim and the duration of time they used the product.

    READ MORE: RT exclusive: HSBC ‘lied to MPs & deceived customers,’ whistleblower says

  4. nasti
    November 22, 2018 um 9:25 pm

    Wie kamen die Ermittler den neuartigen Betrugsmasche auf die Spur?

    Mehrere Kronzeugen haben bei der Staatsanwaltschaft in Köln ausgesagt. Eine wichtige Rolle spielte zudem die US-Börsenaufsicht SEC, die schon länger wegen des Missbrauchs von ADR-Papieren ermittelt. Erst im November hat die Citibank einem Vergleich über 38,7 Millionen Dollar zugestimmt, weil die ADR-Papiere nicht mit echten Aktien hinterlegt waren. Zwei Töchter der Deutschen Bank haben im Juli einen Vergleich über 75 Millionen Dollar akzeptiert. Ermittlungen gegen weitere US-Banken laufen noch. In Deutschland zeigte sich nach Informationen von WDR und SZ inzwischen eine Bank einsichtig. Bei der aktuellen Betriebsprüfung habe das Geldhaus dem Finanzamt freiwillig gebeichtet, man könne nicht allen gehandelten ADR-Papieren auch wirklich eine Aktie zuordnen. Falls den Steuerzahlern ein Schaden entstanden sei, werde man ihn begleichen.

  5. fredi
    Mai 7, 2019 um 10:56 am

    Alles Betrug ohne Ende

  1. Januar 20, 2017 um 12:01 pm
  2. Oktober 17, 2018 um 10:09 am
  3. November 21, 2018 um 6:50 am

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