Introducing… the Longest Rap Sheet in History

As rap sheets go, none are quite as long or as varied as the current Too-Big-to-Fail Banks’. Now, thanks to the dilligent research of George Washington’s Blog, the sheer scope and sweep of their multifarious crimes and misdemeanours can be appreciated in simple bullet-point format:

  • Engaging in mafia-style big-rigging fraud against local governments. See thisthis 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 hereherehereherehereherehereherehere,herehere and here
  • Pledging the same mortgage multiple times to different buyers. See thisthisthisthis and this. This would be like selling your car, and collecting money from 10 different buyers for the same car
  • Committing massive fraud in an $800 trillion dollar market which effects everything from mortgages, student loans, small business loans and city financing
  • Pushing investments which they knew were terrible, and then betting against the same investments to make money for themselves. See thisthisthisthis and this
  • Engaging in unlawful “Wash Trades” to manipulate asset prices. See thisthis and this
  • Participating in various Ponzi schemes. See thisthis andthis
  • Bribing and bullying ratings agencies to inflate ratings on their risky investments

To read the full article, click here.

 

6 thoughts on “Introducing… the Longest Rap Sheet in History

  1. Shoshana Zuboff describing in 2009 the unspeakable suffering unleashed by the ‘banality of evil’ of those we entrusted with our economic welfare. It ends with;

    That in the crisis of 2009 the mounting evidence of fraud, conflicts of interest, indifference to suffering, repudiation of responsibility, and systemic absence of individual moral judgment produced an administrative economic massacre of such proportion that it constitutes an economic crime against humanity.

    http://www.truth-out.org/archive/item/83162:wall-streets-economic-crimes-against-humanity

    Like

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