FINALLY! First Senior Bankers on the Planet Responsible for 2008 Collapse Jailed

Source

The Esteemed Readers may find this article of interest, regarding the global implications of these types of banking frauds and how they may effect banking institution frauds in the United States.

It should seem obvious to the Esteemed Readers, who is in control of the government, giving the unwillingness to prosecute, and why so many banks donated millions to the Clinton Foundation.


"Source - The Free Thought Project

by Matt Agorist

In April, Wells Fargo & Co admitted to defrauding the United States government for nearly an entire decade, which subsequently led to the housing market collapse — and the United States punished no one.

Bank of America Corp (BAC.N), Citigroup Inc (C.N), Deutsche Bank AG (DBKGn.DE) and JPMorgan Chase & Co (JPM.N), have all previously made the same admission and settled similar federal lawsuits — again, with no one being held criminally responsible.


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While low-level bankers have been thrown in jail as apparent scapegoats in places like Iceland, not a single high-level CEO or officer has faced punitive criminal action—until now.

On Friday, three senior Irish bankers were jailed for up to three-and-a-half years for their conspiracy to defraud investors, subsequently causing the economic collapse of 2008.

According to a report in Reuters, the trio will be among the first senior bankers globally to be jailed for their role in the collapse of a bank during the crisis.

Watching these criminal bankers use the governments of the world to fleece the taxpayers in a series of bailouts and scams to defraud the people has been infuriating.

As Reuters reports,
The lack of convictions until now has angered Irish taxpayers, who had to stump up 64 billion euros – almost 40 percent of annual economic output – after a property collapse forced the biggest state bank rescue in the euro zone.

The crash thrust Ireland into a three-year sovereign bailout in 2010 and the finance ministry said last month that it could take another 15 years to recover the funds pumped into the banks still operating.

Former Irish Life and Permanent Chief Executive Denis Casey was sentenced to two years and nine months following the 74-day criminal trial, Ireland’s longest ever.

Willie McAteer, former finance director at the failed Anglo Irish Bank, and John Bowe, its ex-head of capital markets, were given sentences of 42 months and 24 months respectively.
Unlike the bankers who remain protected in America’s legal system, the Irish have decided to lay down the law.

“By means that could be termed dishonest, deceitful and corrupt they manufactured 7.2 billion euros in deposits by obvious sham transactions,” Judge Martin Nolan told the court, describing the conspiracy as a “very serious crime”.



“The public is entitled to rely on the probity of blue chip firms. If we can’t rely on the probity of these banks we lose all hope or trust in institutions,” said Nolan.

In the United States, the people have been forced to file their own legal action against the criminal bankers as the government does absolutely nothing to stop their crimes.

Despite the bankers’ best attempts at foiling the private actions against them, the people have pushed through.

A newly revived antitrust lawsuit, according to the appeals court, could be devastating to these 16 banks, including Deutsche Bank AG, Royal Bank of Canada, Royal Bank of Scotland Group Plc, UBS AG, HSBC Holdings Plc, Barclays Plc, Credit Suisse Group AG, Bank of America Corp, Citigroup Inc., and JPMorgan Chase & Co.

Related Banker Arrest | HSBC Global Head Of FX Cash Trading Arrested At JFK Airport

“Requiring the banks to pay treble damages to every plaintiff who ended up on the wrong side of an independent Libor‐denominated derivative swap would, if appellants’ allegations were proved at trial, not only bankrupt 16 of the world’s most important financial institutions, but also vastly extend the potential scope of antitrust liability in myriad markets where derivative instruments have proliferated,” the U.S. Court of Appeals in New York said in the ruling.

Until the people wake up to the atrocities being carried out against them by criminal bankers who control the government, this fleecing of the citizenry will continue. To all those who bank with any of these huge banks — pull your money out today, move it to a local bank, or find another alternative.

Failing to do so only sustains their criminal behavior. Please share this story with your friends and family as it will most assuredly be a mere blip on their televisions and deliberately easy to miss.

About The Author

Matt Agorist is an honorably discharged veteran of the USMC and former intelligence operator directly tasked by the NSA. This prior experience gives him unique insight into the world of government corruption and the American police state. Agorist has been an independent journalist for over a decade and has been featured on mainstream networks around the world. Follow @MattAgorist
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http://thefreethoughtproject.com/finally-senior-bankers-jailed/"

Money Meltdown: Bailing out the Banks Part III

QE3. No, it's not the launch of a new luxury liner, It's the third round of quantitative easing, another term the Federal Reserve Board uses to fleece the people and make the banks more profitable. Didn't work with the housing crisis, didn't work ten and won't work now. Like dominoes they will all fall down with one final push.

No sense in saying, 'I told you so' because that offers no satisfaction to me at all. Saving the economy and the sovereignty of the United States is the only satisfaction I seek.

Real Money is gold! Need Proof? Read the article that came out today,  Deutsche Bank: GOLD IS MONEY and see for yourself. I have been writing about this for years, and so has Ron Paul. That is why he was prevented from securing the Republican nomination for President, and why the GOP fixed the delegations to make third-rate Mitt their choice. They knew Ron Paul would win in a landslide against Obama, and would expose the fraud of the Diebold electronic voting machines. I wrote about this also in the post, The Big Fix, and many thought I was sniffing too much varnish. But this post is about money, so go back and read the others through the links I have provided.

This is about how the banks are buying up gold in record quantities in anticipation of the meltdown of the US dollar. This about how you can be a voice of reason in a chorus of fantasy. The Fed prevents you from making profit on money investments by zeroing out interest rates, but the banks still profit by purchasing secure U.S. Treasury Notes which have guaranteed profits at maturity. Just another way of fleecing the American Taxpayer.

Charitable: Government: With Other People's Money!

Has it ever occurred to you that if you didn't have such high taxes, you can afford to donate to the cause(s) that you have the most compassion for? Instead of sending money to foreign countries (who mostly hate us anyway) you and your neighbors could get together and help that family in your neighborhood that faces eviction or foreclosure? As a child I witnessed such kindness in my hometown.

With all of the political rhetoric from both dominant parties who say they want to take care of Americans in need, why are so many more Americans  in need, without jobs or homes? Maybe it's because our elected Representatives send all of those dollars to Afghanistan, Egypt, Iraq, Pakistan, and on and on. Add to that the "charity" called bailouts and stimulus given to banks and corporations that are "too big to fail.

If that money was  distributed evenly to every American citizen, everyone would have a decent home and drive a new American automobile,  could afford college tuition for our children, provide health care for all of our families and have a retirement account that  Congress won't pilfer.

Many of my friends tell me that there is nothing we can do about that except "hope" that a new administration and Congress with make the "changes" to our mutual benefit. As I recall, the last Presidential Election , won by Barack Obama on a platform of hope and change a promise of openness and transparency is how we arrived here in the present.

Well, I hope you are all happy with that change. Just remember that it will take more than change to pay all of your bills. You will need dollars too.