Stunning Crimes of the Big Banks: Worse than Your Wildest Imagination

Preface: Not all banks are criminal enterprises. The wrongdoing of a particular bank cannot be attributed to other banks without proof. But – as documented below – many of the biggest banks have engaged in unimaginably bad behavior.

You Won’t Believe What They’ve Done …

Here are just some of the improprieties by big banks:

  • Engaging in mafia-style big-rigging fraud against local governments. See this, this and this
  • Shaving money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details here, here, here, here, here, here, here, here, here, here, here and here
  • Pledging the same mortgage multiple times to different buyers. See this, this, this, this and this. This would be like selling your car, and collecting money from 10 different buyers for the same car
  • Committing massive fraud in an $800 trillion dollar market which effects everything from mortgages, student loans, small business loans and city financing
  • Pushing investments which they knew were terrible, and then betting against the same investments to make money for themselves. See this, this, this, this and this
  • Engaging in unlawful “Wash Trades” to manipulate asset prices. See this, this and this
  • Participating in various Ponzi schemes. See this, this and this
  • Bribing and bullying ratings agencies to inflate ratings on their risky investments

The executives of the big banks invariably pretend that the hanky-panky was only committed by a couple of low-level rogue employees. But studies show that most of the fraud is committed by management.

Indeed, one of the world’s top fraud experts – professor of law and economics, and former senior S&L regulator Bill Black – says that most financial fraud is “control fraud”, where the people who own the banks are the ones who implement systemic fraud. See this, this and this.

But at least the big banks do good things for society, like loaning money to Main Street, right?


  • The big banks have slashed lending since they were bailed out by taxpayers … while smaller banks have increased lending. See this, this and this

We can almost understand why Thomas Jefferson warned:

And I sincerely believe, with you, that banking establishments are more dangerous than standing armies ….

John Adams said:

Banks have done more injury to religion, morality, tranquillity, prosperity, and even wealth of the nation than they have done or ever will do good.

And Lord Acton argued:

The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.

Stunning Crimes of the Big Banks: Worse than Your Wildest Imagination was originally published on Washington’s Blog


5 Responses to “Stunning Crimes of the Big Banks: Worse than Your Wildest Imagination”
  1. Mystify says:

    Why do you think gun sales is at an all time high…to defend ourselves against tyranny ! Stand ready to defend youself America

  2. Penni says:

    Don’t you think it’s about time…? It’s Time;

    Time to Unite Freedom Fighters-Citizens Action-March on DC -Nov 5th, 2012

  3. To Tell The Truth says:

    Like I said, and keep saying…we have not seen anything yet. All this is not news to me as I have shared some of same esp re the financing of the naziz, esp by Deutsche Bank…there is still so much more yet to be exposed…The Lord said He will bring to light all that was done in secret…

  4. ron Moss says:

    If our American System has been in fact “Invaded” by thesemafia typebanker Criminals we are then at war. And our Appointed government must protect each ststae equally.

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