5 Years After the Financial Crisis, The Big Banks Are Still Committing Massive Crimes

Washington's Blog

Here are just some of the improprieties by big banks over the last century (you’ll see that many shenanigans are continuing today):

• Laundering money for terrorists (the HSBC employee who blew the whistle on the banks’ money laundering for terrorists and drug cartels says that the giant bank is still laundering money, saying:  “The public needs to know that money is still being funneled through HSBC to directly buy guns and bullets to kill our soldiers …. Banks financing … terrorists affects every single American.” He also said: “It is disgusting that our banks are STILL financing terror on 9/11 2013“.  And see this)

• Funding the Nazis

• Financing illegal arms deals, and funding the manufacture of cluster bombs (and see this and this) and other arms which are banned in most of the world

• Launching a coup against the President of the United States

• Handling money for rogue military operations

• Laundering money for drug cartels. See this, this, this, this and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis).   A whistleblower said: “America is losing the drug war because our banks are [still] financing the cartels“, and “Banks financing drug cartels … affects every single American“.  And see this.)
  

• Engaging in mafia-style big-rigging fraud against local governments. See this, this and this

• Shaving money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details here, here, here, here, here,here, here, here, here, here, here and here

• Manipulating aluminum and copper prices

• Manipulating gold prices … on a daily basis

• Charging “storage fees” to store gold bullion … without even buying or storing any gold . And raiding allocated gold accounts

• Committing massive and pervasive fraud both when they initiated mortgage loans and when they foreclosed on them (and see this)

• Pledging the same mortgage multiple times to different buyers. See this, this, this, this and this. This would be like selling your car, and collecting money from 10 different buyers for the same car

• Cheating homeowners by gaming laws meant to protect people from unfair foreclosure

• Committing massive fraud in an $800 trillion dollar market which effects everything from mortgages, student loans, small business loans and city financing

• Manipulating the hundred trillion dollar derivatives market

• Engaging in insider trading of the most important financial information

• Pushing investments which they knew were terrible, and then betting against the same investments to make money for themselves. See this, this, this, this and this

• Engaging in unlawful “frontrunning” to manipulate markets. See this, this, this, this, this and this

• Engaging in unlawful “Wash Trades” to manipulate asset prices. See this, this and this

• Manipulating corporate bonds through derivatives schemes

• Otherwise manipulating markets. And see this

• Participating in various Ponzi schemes. See this, this and this

• Charging veterans unlawful mortgage fees

• Helping the richest to illegally hide assets

• Cooking their books (and see this)

• Bribing and bullying ratings agencies to inflate ratings on their risky investments

• Violently cracking down on peaceful protesters

Read more >>

Majority Views NSA Phone Tracking as Acceptable Anti-terror Tactic

“Whenever you find yourself on the side of the majority, it is time to pause and reflect.”

― Mark Twain


A majority of Americans – 56% – say the National Security Agency’s (NSA) program tracking the telephone records of millions of Americans is an acceptable way for the government to investigate terrorism, though a substantial minority – 41% – say it is unacceptable. And while the public is more evenly divided over the government’s monitoring of email and other online activities to prevent possible terrorism, these views are largely unchanged since 2002, shortly after the 9/11 terrorist attacks.

The latest national survey by the Pew Research Center and The Washington Post, conducted June 6-9 among 1,004 adults, finds no indications that last week’s revelations of the government’s collection of phone records and internet data have altered fundamental public views about the tradeoff between investigating possible terrorism and protecting personal privacy.

Currently 62% say it is more important for the federal government to investigate possible terrorist threats, even if that intrudes on personal privacy. Just 34% say it is more important for the government not to intrude on personal privacy, even if that limits its ability to investigate possible terrorist threats.

These opinions have changed little since an ABC News/Washington Post survey in January 2006. Currently, there are only modest partisan differences in these opinions: 69% of Democrats say it is more important for the government to investigate terrorist threats, even at the expense of personal privacy, as do 62% of Republicans and 59% of independents. Read more >>

FBI building a database with names of those merely acting suspiciously

Image by The Girl 78 via FlickrMonitoring America
Nine years after the terrorist attacks of 2001, the United States is assembling a vast domestic intelligence apparatus to collect information about Americans, using the FBI, local police, state homeland security offices and military criminal investigators.

The system, by far the largest and most technologically sophisticated in the nation's history, collects, stores and analyzes information about thousands of U.S. citizens and residents, many of whom have not been accused of any wrongdoing.

The government's goal is to have every state and local law enforcement agency in the country feed information to Washington to buttress the work of the FBI, which is in charge of terrorism investigations in the United States.

Other democracies - Britain and Israel, to name two - are well acquainted with such domestic security measures. But for the United States, the sum of these new activities represents a new level of governmental scrutiny.

This localized intelligence apparatus is part of a larger Top Secret America created since the attacks. In July, The Washington Post described an alternative geography of the United States, one that has grown so large, unwieldy and secretive that no one knows how much money it costs, how many people it employs or how many programs exist within it. More...

WH wants your Internet activity without court order

Image by Extra Ketchup via Flickr

The Obama administration is seeking to make it easier for the FBI to compel companies to turn over records of an individual's Internet activity without a court order if agents deem the information relevant to a terrorism or intelligence investigation.

The administration wants to add just four words -- "electronic communication transactional records" -- to a list of items that the law says the FBI may demand without a judge's approval. Government lawyers say this category of information includes the addresses to which an Internet user sends e-mail; the times and dates e-mail was sent and received; and possibly a user's browser history. It does not include, the lawyers hasten to point out, the "content" of e-mail or other Internet communication.

But what officials portray as a technical clarification designed to remedy a legal ambiguity strikes industry lawyers and privacy advocates as an expansion of the power the government wields through so-called national security letters. These missives, which can be issued by an FBI field office on its own authority, require the recipient to provide the requested information and to keep the request secret. They are the mechanism the government would use to obtain the electronic records. More...

Instant Karma: New US War Target Gets Its Own Terror Icon

Chris Floyd
Wow, that didn't take long at all. Scant days after the American war machine took the cloaking device off its direct military involvement in Yemen, we have an alleged attempted terrorist attack by an alleged attempted terrorist who, just scant hours after his capture, has allegedly confessed to getting his alleged attempted terrorist material from ... wait for it ... Yemen!

Yemen-trained terrorists on the loose in American airplanes! At Christmas! Great googily moogily! It's a good thing our boys are on the case over there right now, pounding the holy hell outta some of them Al Qaeder ragheads! And to think, a few pipsqueaky fifth columnists had been starting to wonder why we were killing dozens of innocent civilians on behalf of an authoritarian regime embroiled in a three-way civil war on the other side of the world.

Well, now they have their answer, by God! Alleged attempted terrorists allegedly trained in Yemen! What else do you need -- a freaking warrant or something? We would obviously be justified in nuking that desert hell-hole and everybody in it! Just think of it -- some guy with some kind of something on an airplane, right there in the Heartland! You gonna stand for that? Exterminate the brutes!

And yet, because we are good, because we are godly, because our heart is always in the right place, even when -- as President Obama himself admitted in his noble Nobel Speech -- we sometimes make mistakes, we have not brought down the full force of the iron rod that God himself has placed into our hands for the chastisement and right order of the world. No, there will be no nukes falling on the children of Yemen tonight. But boy howdy, they'd better get ready for some sure-enough heavy ordnance -- fired from distant ships, from far-flung bases and from computer consoles in leafy Stateside suburbs, where you can bravely kill some alleged attempted somebody-or-other (and everyone in their immediate vicinity), and still make it home in time to to eat supper with the kids.

So here we are. Just one day after the alleged attempted terrorist incident in Detroit, we already have headlines blaring in the New York Times, the "paper of record," tying the alleged attempt to Yemen. How quick and convenient is that? Already the echo chamber is roaring with the all-justifying cacophony: "Terror, Yemen, al Qaeda, Homeland, Bomb, Terror, Yemen, Yemen, al Qaeda."

And it must be true, right? I mean, just look at how well-sourced the NYT story is. "A law enforcement official" -- Police captain? State trooper? G-Man? Traffic cop? -- said that the alleged attempted terrorist said he'd got his "explosive chemicals" from Yemen. (Elsewhere in the paper, other unnamed officials told NYT reporters that the alleged material strapped to the alleged attempted terrorist was "incendiary," not explosive. But who cares? "Bomb, Terror, Yemen!")

Of course, the NYT noted that "authorities have not independently corroborated the Yemen connection claimed by the suspect" (nor, they could have added, have they independently corroborated that the claim was actually made), but still, the completely anonymous "law enforcement official" said that the suspect's claim "was plausible," and even added: "I see no reason to discount it."

Well, it doesn't get more solid than that, does it? They nailed that story down so tight you couldn't pry it open with God's own crowbar. An anonymous source confirmed the plausibility of his own claim. Man, that's ironclad. It's certainly good enough to light up the media firmament with headlines linking "terror in the Heartland" with the empire's newest killing field in a volatile foreign land.

And it turns out that the suspected attempted terrorist, Umar Farouk Abdulmutallab, was already on the radar of our all-encompassing security services -- just like the last Muslim terrorist in the heartland, Major Nidal Hasan. (And, for that matter, just like many of those accused of carrying out the 9/11 attack.) As in almost all of these cases, the question arises: Who is running whom? (For more, see "Darkness Renewed: Terror as a Tool of Empire.")

But this query is precisely the kind of pantywaist handwringing that rightly goes down in the flood of the he-man Homeland Security strutting that always follows these incidents. As we noted here the other day, there's no time for depth, context, history -- or even facts -- when the "frame" is screaming "Terror!"

In any case, whatever facts about the case -- or rather, shards and splinters of filtered information -- that are allowed to emerge from the depths of the security apparat, you can be absolutely sure that, as always, the "facts will be fixed around the policy."

And what is that policy? Why, endless war, of course! The American war machine (which now dominates most of "civilian" society as well) is like a shark: it must keep moving, and feeding, or die. "Terror, Bomb, Yemen!"

Gerald Celente - 2010 TRENDS, include: Terrorism, Economic Crash, Civil Unrest

Gerald Celente on Jeff Rense. 2010 TRENDS include terrorism, economic crash, civil unrest, Depression.

Businessmen can "shoot to kill" in the event of martial law

Report: Over 23,000 Business Leaders Working With FBI and Homeland Security

The Progressive magazine is reporting that more than 23,000 representatives of private industry are working quietly with the FBI and the Department of Homeland Security. The business leaders form a group known as InfraGard that receives warnings of terrorist threats directly from the FBI before the public does. We speak with the the reporter who broke the story and the editor of The Progressive, Matt Rothschild.

FBI Conducting Precrime Minority Report Investigations

The barrier between science fiction and real-life has all but vanished. The 2002 release of the film "Minority Report" based on the short story by Philip K. Dick took place in the year 2054, where "Precrime", a specialized police department, apprehends criminals based on foreknowledge of an anticipated crime provided by psychics called "precogs".

Although not based on the information from psychics, the FBI has initiated a profiling program to detect what they refer to as "lone attackers" who may only be contemplating crimes. The program is known as the "Lone Wolf Initiative" and began after Obama's inauguration. One of the goals, FBI officials said, is to develop more comprehensive information on possible lone attackers to disrupt plots before they are launched.

"Finding those who might plan and act alone, the so-called lone offenders ... will only be prevented by good intelligence, the seamless exchange of information among law enforcement at every level, and vigilant citizens reporting suspicious activity," said Michael Heimbach, the FBI's assistant director for counterterrorism.

USA Today's Kevin Johnson reports on two U.S. law enforcement officials who were not authorized to speak publicly about details of the program but said agents from all of the FBI's 56 field offices have been dispatched on a range of assignments.

Among the duties:

• Reviewing records in domestic terrorism investigations that may point to more suspects.

• Analyzing records for suspicious purchases at fertilizer or chemical suppliers whose materials could be used in bombmaking.

• Checking rolls of prisoners scheduled for release or who have been recently released for past links to extremist groups.

ACLU policy spokesman Michael German, a former FBI agent, said the government effort resembles a form of "predictive policing" that can sometimes result in the improper profiling of people based on race, ethnicity or political leanings.

The WSJ reports the lone-wolf initiative is just one element of a broader strategy to fight domestic terrorism, dubbed "Operation Vigilant Eagle" launched late last year in response to what the memo identified as "an increase in recruitment, threatening communications, and weapons procurement by white supremacy extremist and militia/sovereign citizen extremist groups."

The FBI memo also referred to an FBI study launched in partnership with Harvard University that would define characteristics and behavior that signal a potential lone-wolf offender. The memo also called on "bureau offices around the country to assess whether the leaders of known extremist groups might be open to cooperating with law enforcement in identifying potential lone offenders...the bureau has been working with the U.S. military and with prison authorities to identify people who may raise concerns, hoping that 'anyone who would be inclined to act out, we'd have a sporting chance to take any kind of preventative measures we can.'"

The FBI can now effectively profile and arrest anyone they believe may commit a crime based on the FBI's subjective decision of what pre-crime is -- e.g., any openly demonstrated opposition to the government or government policies may, in their view, qualify as precrime. This gestapo-like FBI profiling is being conducted under a domestic security rationale of preventing potential terrorist activities by U.S. citizens. Hypothetically, if the FBI designates a subject under investigation for pre-crime as an "Enemy Combatant", that subject could be detained indefinitely without actually being charged with a crime under the Patriot Act.