As regular readers already know at SHTF, countless voices have come forward to expose the criminal fraud surrounding the banks, and the bipartisan criminal cover-up taking place in Washington.
The reason there have been no efforts made to criminally investigate is obvious. Former banking regulator and current securities Professor Bill Black told Bill Moyers in 2009 that“Timothy Geithner, the Secretary of the Treasury, and others in the administration, with the banks, are engaged in a cover up to keep us from knowing what went wrong.” In the documentary “Inside Job”, the economist Nouriel Roubini, when asked why there have been no such investigations, replied: “Because then you’d find the culprits.” Underlying all of that is what the Senate’s second-highest ranking Democrat, Dick Durbin, admitted in 2009: the banks “frankly own the place”.
Impunity has been the norm. Systemic money laundering for terrorists, gangs and drug cartels, the likes of which has been officially tied to institutions like HSBC and Wachovia – were settled with fines that represent a slap on the wrist to these ‘too big to jail’ globally-linked banks.
Meanwhile, the next wave is upon us.
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