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Forum Post: Banksters

Posted 1 year ago on March 16, 2013, 2:23 p.m. EST by agkaiser (1329) from Fredericksburg, TX
This content is user submitted and not an official statement

I need the money badly. The transfer from Wells Fargo was intitiated on the thirteenth. A copy of the send confirmation was emailed to me within minutes. Almost immediately thereafter BOA sent me an email which confirmed receipt of the transaction. Both hers and mine said it would take about three days. Saturday the sixteenth of March, 2012 is here and I know the transfer won't be completed before Monday the 18th. Meanwhile one of those banks still counts that amount against their required reserves, leaving that much more invested for their profit.

That's what haunts me about for profit finance. It only works well for the profiteers, who steal from us by such contrived delays. They charge a hefty fee to send it faster. And delay it artificially if you decline the tax the owners of the government levy on almost every transaction that takes place anywhere on Earth.

Too big to fail. Too big to punish. Too big to resist their larceny or tyranny!

“The hell you say! To the barricades. Off with their heads!” So say we all . . . if we ever wake up!

“In your face! Eat Cake!” I hear the arrogant bastards reply tauntingly. Convinced by their hubris, they proudly flaunt a lack of respect for us.

So said Marie. I wonder what she said when they caught up with her and her family at Varennes?

"We can have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can't have both." — Louis Brandeis

15 Comments

15 Comments


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[-] 3 points by Middleaged (5140) 1 year ago

Looks like a mixed bag of news... some looks to go against the TBTF or at least JPM.

http://www.thenation.com/article/173336/sherrod-brown-goes-after-big-banks#

http://www.ritholtz.com/blog/2013/03/josh-rosners-jpm-analysis/
http://www.ritholtz.com/blog/2013/03/jpmorgan-chase-out-of-control-introduction/
http://www.ritholtz.com/blog/2013/03/jpmorgans-internal-control-problems-or-hsbcs-got-nothing-on-us/

http://wallstreetonparade.com/2013/03/the-whites-go-to-the-sec-why-wall-street-still-owns-washington/ (So that is what happened to Sarbannes Oxley, John W. White)

White’s plan to allow U.S. corporations to use international accounting rules was shot down but his plan to allow foreign issuers to use the international accounting rules without reconciling their financial statements to U.S. Generally Accepted Accounting Principles (U.S. GAAP) went through.

Back in the spring of 2009, Illinois Senator Dick Durbin made the following remark on a local radio show: “And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place.” A few months later, on the Bill Moyers’ PBS program, Durbin was asked about that remark and added: “It’s counterintuitive. The people who brought this crisis to us are the ones that are dictating policy.”

And here we are in 2013, witnessing the second term of the President of “hope” and “change.” The banks still “own the place,” and their preferred lawyers will head the U.S. Treasury Department, the General Counsel of the SEC, and the SEC. Is it any wonder the American public continues to lack trust in Wall Street or Washington.

http://wallstreetonparade.com/2013/03/has-the-sec-and-u-s-treasury-been-privatized-by-wall-street/

http://wallstreetonparade.com/2013/02/whos-behind-the-curtain-of-treasury-nominee-jack-lews-funny-money/

http://wallstreetonparade.com/2013/03/is-the-justice-department-conspiring-on-the-libor-conspiracy/

http://www.huffingtonpost.com/2013/03/15/neil-barofsky-jpmorgan_n_2884506.html

http://www.huffingtonpost.com/2013/02/13/sotu-wall-street_n_2677904.html

http://www.huffingtonpost.com/2013/03/16/jpmorgan-scandal-london-whale-legal_n_2885951.html?ref=topbar

http://www.huffingtonpost.com/2013/03/16/fisher-too-big-to-fail_n_2891452.html?ref=topbar

[-] 1 points by gnomunny (6885) from St Louis, MO 1 year ago

And let's not forget Eric Holder and Lenny Breuer in that mix:

http://www.reuters.com/article/2012/01/20/us-usa-holder-mortgage-idUSTRE80J0PH20120120

[-] 2 points by Middleaged (5140) 1 year ago

Yes, it is like a never ending pit of corruption... I think Lannie Breuer's picture was on one of th eabove links too. Since DOJ is enabling the LIBOR Scandal instead of pursuing Justice.

[-] 1 points by gnomunny (6885) from St Louis, MO 1 year ago

I didn't get the chance to check all your links last night, it was late. But, I agree, it's a never ending pit of corruption. I don't think there's one aspect of government that isn't tainted in some way.

[-] 6 points by Middleaged (5140) 1 year ago

It has to be tained. Everyone in Government and in Media wants to keep their jobs. That means they have to do want the boss wants. The boss is in a political position. Advrtisers and Politicans can have big influence. And on top of the Politicians are the Corproations. If the politicans want support they have to cut taxes and deregulate. Even Bill Clinton deregulated and was moderate in his admin.

But the lobbyies can increase regulations on the small Businesses. That is okay. Drive out the farmers and sue any other competition. Court Costs are as high as you can imagine. And they have the Supremes.

It is also okay to have tax breaks and bail outs for the big corporations, but none of that for the common man. After all they lobbyied for it... you didn't lobby for it so you don't deserve it.

But actually all the progressive laws we have are won by Activism and Protest. Child labor laws, Working hours, Overtime Pay, holidays, right to unionize and strike, OHSA and safety, the black Vote, Womens vote, civil rights as they are, equal opportunity, SS, Medicare, Medicaid, unemployment insurance ....

[-] 2 points by gnomunny (6885) from St Louis, MO 1 year ago

Yep, it just keeps getting worse for the poor, the little guy, the small business. I don't know where it will end. There's a lot in this country that needs to be 'made right.' I just got done reading your comment on your thread about Third Way. I hadn't heard of them.

[-] 2 points by Middleaged (5140) 1 year ago

The real mafia ... the real Bank Trust. A couple of them came from the Warburg bank ... wasn't that one of the creators of the Federal Reserve... maybe I need to go back and check the Board for Third Way on the SS Myths link in OWS.

[-] 2 points by gnomunny (6885) from St Louis, MO 1 year ago

I noticed a couple of those people were from the Warburg bank. I don't know much about the Warburgs or the bank but I think the family is 'well-connected.' Often listed with the likes of the Rothschilds and the Rockefellers.

[-] 3 points by Middleaged (5140) 1 year ago

Yeah, I pulled in up in Wikipedia... Looks like the same family as the Warburg that started the Federal Reserve. I think the Warburg Pincus bank LLC is a private bank, so they run below the radar. Wikipedia shows that they are global though.

https://en.wikipedia.org/wiki/Warburg_Pincus

Warburg Pincus, LLC is a global private equity firm with offices in the United States, Europe, Brazil, China and India.

https://en.wikipedia.org/wiki/Warburg_family
Eric Warburg (1900–1990), banker and goodwill ambassador, son of Max M. Warburg, namesake of the Eric M. Warburg Prize

Max M(oritz) Warburg (1867–1946), Hamburg banker, great-grandson of Moses Marcus Warburg (of the "Mittelweg" line of Warburgs)
Paul M(oritz) Warburg (1868–1932), father of the Federal Reserve. Married Nina Loeb (1863–1912) in 1895, the daughter of Solomon Loeb. Son: James P. Warburg.

https://en.wikipedia.org/wiki/Warburg_family#Noteworthy_members_and_institutions

James Warburg (1897–1969), son of Paul M. Warburg, advisor to Franklin Delano Roosevelt in the early days of the Brain Trust, American delegate to the London Economic Conference, economist, banker, and author of lyrics (using the pen name Paul James) to a 1930 hit Broadway musical, Fine and Dandy.

I actually didn't know much about them at all either ....

[-] 3 points by gnomunny (6885) from St Louis, MO 1 year ago

I had never heard of them until their name was mentioned by Renneye. I checked out that Wikipedia article and apparently they've been in banking and finance for a very long time:

"The Warburg family had settled in Venice, at which point they bore the surname del-Banco. The historical documents describe Anselmo del Banco as Jewish and as having been one of the wealthiest residents of Venice in the early 1500s. In 1513, del Banco was granted a charter by the Venetian government permitting the lending of money with interest. Del Banco left with his family after new restrictions were placed upon the Jewish community coinciding with the establishment of a Ghetto. The family settled in the German town of Warburg, and adopted that town's name as their own surname."

[-] 3 points by Middleaged (5140) 1 year ago

I Don't mean to sound like a bot or anything. History is interesting and 70% of US Culture comes from Europe. We use Roman Phrases in Congress and in our principals of law ... even if the propaganda says we use English Common Law. US Philosophy and politics come from Europe. Strategies come from European and Vatican History.

The Financial History of Europe seems unknown to me even though I went to Business School. I'm not a genius, but I think business people want to hide the history. The oldest Finance info i heard was about Money Changers in the bible, then there was Credit systems set up by Knights Templar for those traveling. The Templars seem to have returned to Europe and France, Maybe the UK, Maybe Scotland, Maybe Bask Spain, maybe Italy, maybe Venice at some point .... If you were Chinese, Jewish, or some other businessman who was training in Financing and Banking ... you wouldn't tell your secrets any more than an Engineer or an Manufacturer would. It becomes a family secret. And maybe political families also hold their family secrets to help the young find places in the world. But we suppress education don't we... We hide the actions of Government and Corporations.

Venice was home to the Venetian Repulbic which existed beyond the years of the Roman Empire.

https://en.wikipedia.org/wiki/Venetian_Republic (late 7th century until 1797)

https://en.wikipedia.org/wiki/Byzantine_Empire ( ended in1453 when Ottoman Turks dominated)
https://en.wikipedia.org/wiki/Komnenian_restoration

[-] 2 points by gnomunny (6885) from St Louis, MO 1 year ago

"I don't mean to sound like a bot or anything."

heheheh, I don't think you're a bot, MA. But you're right about most of history being hidden from the common man so I wouldn't be surprised that economic and financial history would be as well. People used to be quite secretive about various trades and specialized skills. And, of course, there's also the darker aspects of history that the people involved would rather not had become public knowledge.

Interesting links, by the way. I'm checking out the Venetian Republic (the Most Serene Republic heheh) as we speak.

[-] 1 points by Middleaged (5140) 1 year ago

How about a Western US Capital, Thinking outside the box, ....

We now have a Black Pope in place as a White Pope. It is the first time a Jesuit leader is now the Catholic Pope in the vatican.

We had an East and West Roman Empire. The Eastern Empire Ruled from Turkey, Byzantium, Constantinopole.

Maybe ... we can think outside the box ... and picture 2 Presidents of the USA. Washington is Corrupt and entrenched. Perhaps there is another US Capital that is principaled to off-set the capital that is corrupt.... Taoism. Balance. Competition in the capitalist or democratic fashion ... Texas might be a problem. There would ahve to be a national referndum to find a liberal capital that people recognize as being democratic and as being representative of the common man. Perhaps Columbus, OH, but it is small. Seattle Washington maybe... Olympia, Washington, Salem, Oregon.... Portland, Oregon....

[-] 1 points by gnomunny (6885) from St Louis, MO 1 year ago

Now that's definitely thinking outside the box! A western US capital. I haven't been to Washington State or Oregon, but I've heard some positive things about Seattle, so they get my vote.

[-] 3 points by jrhirsch (4714) from Sun City, CA 1 year ago

"Too big to fail. Too big to punish. Too big to resist their larceny or tyranny!"

No tyranny is ever so large that it forces our cooperation. That choice is up to each individual. We determine the extent to which tyranny rules, not the tyrant.