Stunning Crimes of the Big Banks: Worse than Your Wildest Imagination

Originally Posted on August 1, 2012 by WashingtonsBlog

 

Preface:  Not all banks are criminal enterprises.  The wrongdoing of a particular bank cannot be attributed to other banks without proof.  But – as documented below – many of the biggest banks have engaged in unimaginably bad behavior.

You Won’t Believe What They’ve Done …

Here are just some of the improprieties by big banks:

• Funding the Nazis

• Laundering money for terrorists

• 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 and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis)

• 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

• Artificially suppressing gold prices

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