New York Fed Chief Levels Explosive Charge Against Big Banks
NY FED HEAD, William Dudley, said some of America’s “too big to fail” financial institutions appear to lack respect for the law, a potentially explosive charge against an industry already roiling from numerous government investigations into alleged wrongdoing.
67% OF ALL BANK ASSETS ARE CONTROLLED BY 6 BANKS THAT ARE FAR TOO BIG TO MANAGE!
“…evident within some large financial institutions — the apparent lack of respect for law, regulation and the public trust. There is evidence of deep-seated cultural and ethical failures at many large financial institutions. Whether this is due to size and complexity, bad incentives, or some other issues is difficult to judge, but it is another critical problem that needs to be addressed.”
— William Dudley, NY FED HEAD – suggested regulators stymied by “cultural” issues negatively affecting nation’s biggest banks and as the world’s biggest banks $103+ Billions in settlement fines from alleged lawbreaking in markets ranging from home mortgages to interest rates and currencies.
LIKE FOREIGN DIGNITARIES = BANKERS = IMMUNE FROM PROSECUTION
USA = HIGHEST BLUE-COLLAR INCARCERATION RATE IN THE WORLD!
USA = LOWEST WHITE-COLLAR INCARCERATION RATE IN THE WORLD!
BANKSTERS = BRIBE REGULATORS WITH PROMISES OF BIG LOOT + RIG INTEREST RATES + FRAUD + NANOSECOND AUTOMATED FRONT RUNNING + DERIVATIVES SCAMS + RIG CURRENCY RATES + MASSIVE CARELESS AND INCOMPETENT FRAUD SCAMS + CHEAT AND MISLEAD INVESTORS AND CLIENTS + FRAUDULENT TRICK AND TRAP LOANS + MARKET MANIPULATION WITH SOFTWARE TOOLS + ROBOSIGNING FORGED PAPERS +
BANKSTERS = BROKE FEDERAL + STATE LAWS DESTROYING THE LIVES OF 10’s of MILLIONS of Americans and 10’s of Millions of People around the World.
DOJ = IGNORES THE BANKSTERS’ MANY CRIMES AND THEY RUN FREE
DOJ = AG Holder told Congress banks are too big to prosecute = BANKSTERS GET AWAY WITH “MURDER”.
Dudley wants “too big to fail,” argument to END and no more rescue from FRAUD FAILURES = ACCOUNTABLE AND PROSECUTABLE FOR FRAUD and related crimes to “encourage the needed cultural shift necessary to restore public trust in the industry… Tough enforcement and high penalties will certainly help focus management’s attention on this issue”
— William Dudley, NY FED HEAD
Source: New York Fed Chief Levels Explosive Charge Against Big Banks by Shahien Nasiripour of Huff Post
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HOLDER SAID IT IS TOO HARD AND TOO DANGEROUS TO PROSECUTE RICH BANKSTERS THAT ARE TOO-BIG-TO-FAIL AND TOO-BIG-TO-PROSECUTE.
SO THEN DOWNSIZE THEM LIKE TEDDY ROOSEVELT DID!
“The greatCORPORATIONS which we have grown to speak of rather loosely as trusts are the creatures of the State, and the State not only has the right to CONTROL them, but it is duty bound to CONTROL them wherever the need of such CONTROL is shown.”
— President Theodore ROOSEVELT (R)
“I believe that the officers, and, especially, the directors, of CORPORATIONS should be held personally responsible when any CORPORATION breaks the law.
— President Theodore ROOSEVELT (R)
