Forum Post: *** Wall Street Banks earn 83 BILLION DOLLARS over the last 2.5 years
Posted 12 years ago on Nov. 9, 2011, 8:42 a.m. EST by oneguycm
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from The Washington Post… "Wall Street firms - independent companies and the securities-trading arms of banks - earned more in the first 2 1/2 years of the Obama administration than they did during the eight years of the George W. Bush administration... They’ve generated at least $83 billion in profit during the past 2 1/2 years, compared with $77 billion during the entire Bush administration"
They are getting worse, people.
Instead of billion dollar scams they have graduated to trillion dollar scams,and noone knows where the money is..3.2 trillion at the Pentagon,lost, 700 billion in Iraq,lost, 16 Trillion dollar bailout, poof, printed from thin air,vanished into thin air..Real Magic..Real High Treason..
Absolutely! This article below is one small example of illegal/unethical behavior by corporations.
http://www.guardian.co.uk/world/2011/apr/03/us-bank-mexico-drug-gangs
Wachovia -- bought by Wells Fargo -- helped launder $378 billion of criminal and drug money out of Mexican into the US banking system.
That's equal to one-third of Mexico's national budget.
The investigator claimed that Wall Street and the City of London are two of the biggest money laundering and tax havens in the world.
This was outlined in Treasure Islands.
http://treasureislands.org/
http://treasureislands.org/the-book/
http://www.failuremag.com/index.php/book_review/article/treasure_islands
Yet -- shockingly -- nobody is going to jail. The fine/forfeiture was $160 million, about 2% of Wells Fargo 2009 profits.
Just as shocking: The Wachovia whistleblower investigator lost his job after warning management of the problem.
The Wachovia scandal was hardly mentioned by U.S. news outlets.
Occupy Wall Street should spot light the criminal activities on Wall Street. Our capitalism is totally corrupted. None of this is truly punished.
http://www.guardian.co.uk/world/2011/apr/03/us-bank-mexico-drug-gangs
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