When I created this Pearltree my intention was to record that a lot of leading persons in the financial sector are willing to violate the law in order to make profit and also to find examples for the destructive impact of their behavior on the civil society and the life of the average citizen.
I dont know how comprehensive it should be. May be it is better to focus on some illustrative events in order to keep him well-aranged. Dec 29
Unter Bankstern | Telepolis
Anzeige <a href="http://ad.de.doubleclick.net/jump/iqdsde/wirtschaft/artikel;kw=iqadtile8,iqdsde,wirtschaft;doc=artikel;tma=banken;sz=300x250,300x100,300x600;tile=8;ord=123456789?" target="_blank"><img src="http://ad.de.doubleclick.net/ad/iqdsde/wirtschaft/artikel;kw=iqadtile8,iqdsde,wirtschaft;doc=artikel;tma=banken;sz=300x250,300x100,300x600;tile=8;ord=123456789?" alt=""></a> Den Verdacht gibt es schon lange: Zahlreiche Banken sollen den deutschen Fiskus um viele Milliarden Euro erleichtert haben. Dokumente belegen, dass systematisch auf Kosten der Steuerzahler Geschäfte gemacht wurden.
Dubiose Aktiendeals - Warum Banken zittern müssen - Wirtschaft
Anzeige <a href="http://ad.de.doubleclick.net/jump/iqdsde/wirtschaft/artikel;kw=iqadtile8,iqdsde,wirtschaft;doc=artikel;tma=banken;sz=300x250,300x100,300x600;tile=8;ord=123456789?" target="_blank"><img src="http://ad.de.doubleclick.net/ad/iqdsde/wirtschaft/artikel;kw=iqadtile8,iqdsde,wirtschaft;doc=artikel;tma=banken;sz=300x250,300x100,300x600;tile=8;ord=123456789?" alt=""></a> Schwere Vorwürfe gegen die Royal Bank of Scotland: Das Geldinstitut soll Kunden bewusst in die Schuldenfalle getrieben haben, um billig an deren Immobilien zu gelangen.
Neue Vorwürfe gegen Royal Bank of Scotland - Wirtschaft
RBS ‘kills off good firms for profit’
RBS will be accused of gravely hindering Britain’s economic recovery (Facundo Arrizabalaga) RBS, the taxpayer-owned bank, is killing off small businesses to seize assets for its own property empire, according to evidence referred to financial watchdogs by Vince Cable, the business secretary. The allegations are contained in an explosive report by Lawrence Tomlinson, one of Cable’s key advisers, which will be published tomorrow. Tomlinson, a businessman drafted into Cable’s department, said yesterday: “RBS has forced vibrant businesses into financial trouble, only to profit from their distress by squeezing them for exorbitant fees and charges and ultimately seizing their assets to swell its own vast property empire. “By driving healthy companies into the ground, RBS has not only ruined thousands of lives, it has also gravely hindered our economic recovery, compounding the misery of millions of hard-working Britons.”
Galway, Ireland - Portraying itself as a model of austerity as it rebounds from the crippling eurozone crisis, Ireland should have brought its presidency of the European Union to an end with aplomb. But its outwardly sober, six-month term has been overshadowed by press leaks exposing the cavalier attitude of top banking officials towards a bailout that cost the taxpayer billions of euros. A series of taped phone calls made in 2008 obtained by the Irish Independent newspaper revealed how, at the height of the international banking crisis, officials at the now-defunct Anglo Irish Bank discussed how to deceive regulators, poured scorn on the government, and derided the Germans who were working furiously to prop up Europe's failing banks. The revelations have provoked a storm of protest at a time when Ireland is slipping back into recession. The tapes were also described contemptuously by German Chancellor Angela Merkel at a recent European summit as "impossible to stomach”.
Leaks expose rotten core of Irish banking - Features
Five years after the Great Recession of 2007-08 destroyed the lives of millions of people and cost the world trillions of dollars, many of the big investment banks that caused the near total meltdown are still involved in shady and sometimes criminal financial gambling schemes that could once again crash the global economy. Independent economists warn that another meltdown could destroy the economy as we know it. Fear is ever present because the giant private banks - particularly US banks - bet trillions of dollars that are not properly secured and could cause havoc if defaulted upon.
Giant banks still play roulette with our future - Opinion
Top CEOs plan to loot US social programmes - Opinion
The new recommendations for Social Security and Medicare released by the Business Round Table are beyond belief. It's as if the people who wrote them never gaze outside of the tinted windows in their limousines. As I wrote earlier in " Stop Obama's Grand Charade ", the newest tactic to impose more austerity measures in the US comes from a group of over 80 CEOs who are starting with $60 million to spend on a campaign called " Fix the Debt ". They plan to convince people in the US that not only are cuts to vital programmes necessary, but that such cuts will strengthen them when exactly the opposite is true.
Of banksters and debtors' prison - Opinion
Last week, American public television's Frontline aired its new documentary, The Untouchables , which revisits the question of why the Department of Justice failed to indict a single senior Wall Street executive responsible for engineering the mortgage securitisation industry that was "rotten to the core", and at the heart of the 2008 financial meltdown from which ninety percent of Americans have yet to recover. In the film, reporter Martin Smith presses Lanny Breuer, the head of the criminal division within the Department of Justice, on why he did not pursue criminal charges of the senior officials in Wall Street, in spite of ample evidence of fraud that the episode's researchers - along with other journalists, documentarians and lawyers - had been able to find with just a bit of digging. Breuer responded: "I am personally offended by much of what I've seen. I think there was a level of greed, a level of excessive risk taking, that I find abominable and I find very upsetting.
We cautiously ascend the staircase, the pitch black of the boarded-up house pierced only by my companion's tiny circle of light. At the top of the landing, the flashlight beam dances in a corner as Quafin, who offered only her first name, points out the furnace. She is giddy; this house - unlike most of the other bank-owned buildings on the block - isn't completely uninhabitable.
The landscape of Wall Street s creative destruction - Opinion
Banking Industry Squirms Over European Rate Probe
By DAVID ENRICH BRUSSELS—The scandal over banks' attempted manipulation of interest rates has mostly centered on the London interbank offered rate. But Libor's lesser known cousin, the euro interbank offered rate, or Euribor, is facing mounting attacks. The European Union is expected soon to accuse multiple banks of attempted collusion in the setting of Euribor, according to people briefed on the probe. Barclays BARC.LN +2.23% PLC has already acknowledged trying to rig the rate, and other banks are likely to be pressed by regulators in the U.S., U.K. and elsewhere into similar admissions, according to industry and regulatory officials. The organization behind Euribor, the European Banking Federation, is waging a campaign to retain control of the rate, which serves as the basis for interest rates on trillions of dollars of financial products, everything from mortgages to corporate loans to derivatives.
The Goldman Sachs Project to take over Europe nearly complete
Carney, a former Goldman Sachs investment banker who successfully helped to steer the Canadian economy through the global crisis, will succeed Mervyn King next year, Chancellor George Osborne told parliament. "He is quite simply the best, most experienced and most qualified person in the world to be the next Governor of the Bank of England," Osborne said. The announcement sounds unthreatening until you put it into perspective.
How Goldman Sachs gambled on starving the world’s poor – and won Johann Hari JohannHari.com July 02, 2010
How Goldman Sachs gambled on starving the world’s poor – and won
Soziale Netzwerke dauerhaft einschalten Mailand Riskante Zinswetten gegen Städte und Kommunen kosten die Deutsche Bank und andere Investmentbanken nun auch in Italien Geld und Reputation. Ein Gericht in Mailand befand die Deutsche Bank, die Schweizer UBS, die US-Bank JP Morgan und die deutsch-irische Depfa am Mittwoch des schweren Betrugs für schuldig. Die Banken hatten Derivate an die Stadt Mailand verkauft, die sie mit der Aussicht auf niedrigere Zinsen köderten.
Zinswetten-Verkauf: Italienisches Gericht verurteilt Deutsche Bank - Banken - Unternehmen
Kursinformationen und Charts Die Deutsche Bank wies den Bericht zurück: „Die Vorwürfe, die Deutsche Bank habe nicht korrekt berichtet, sind mehr als zweieinhalb Jahre alt. Über diese wurde bereits im Juni 2011 öffentlich berichtet. Die Vorwürfe waren Gegenstand einer sorgfältigen und umfangreichen Untersuchung und haben sich als vollkommen unbegründet erwiesen.
In der Finanzkrise: Deutsche Bank soll Milliardenverluste versteckt haben
By Simon Johnson Two diametrically opposed views of Wall Street and the dangers posed by global megabanks came more clearly into focus last week. On the one hand, William B.
One Man Against The Wall Street Lobby
Plenty more where that came from! (This article is cross posted from my article for OECD Insights where they provide discussion of a wide range of subjects that influence world development) A basic capitalist tenet is that the market represents the most efficient way to allocate capital. How well is it working?
Is the Financial Sector Worth What We Pay It?
Exhaustive Study Finds Global Elite Hiding Up to $32 Trillion in Offshore Accounts
$21tn: hoard hidden from taxman by global elite | Business | The Observer
Private banks have failed – we need a public solution | Seumas Milne | Comment is free
HSBC Reveals Problems With Internal Controls
HSBC ignored drug money fear, alleges Senate
Libor Probe Said to Expose Collusion, Lack of Internal Controls
Timeline: Barclays' widening Libor-fixing scandal
Sturm über Londons City - NZZ.ch, 03.07.2012
JPMorgan Trading Loss Reportedly May Reach $9 Billion
Insider trader sentenced to 11 years in US - Americas
In der Finanzkrise: Deutsche Bank soll Milliardenverluste versteckt haben
Barclay brothers accused of trying to silence dissent on Sark | UK news
Die Macht der Rating-Agenturen | Telepolis
Too Big to Jail
Too Big To Handle
Zu groß, um sie zu kontrollieren
Will Wall Street Ever Face Justice?
Want to understand the economy? Don't read the press
JPMorgan’s Swaps Occupying Cassino Prove Curse Like World War II
A Christmas Message From America's Rich
Austerity and the Modern Banker
pt 1/4 Meltdown- the men who crashed the world
pt 2/4 Meltdown - the Collapse
pt 3/4 Meltdown - paying the price
Financial Crash : Meltdown(04)
Senate Report details elaborate Wall Street Mortgage Fraud
Why We Regulate
Quadrillion Dollar Derivatives Market 20 Times Global GDP
UBS führte „epische" Libor-Verschwörung an