Bankster Crime

Exposing Fraud in the Banking System

Bankster are member of the banking industry seen as profiteering or dishonest.

Featured Story

Usury is, by modern definition, the illegal practice of lending money at unreasonably high rates of interest. Usury is usually carried out with the intention of the lender, or usurer, gaining an unfair profit from the loan. A modern slang term for a usurer is loan shark. Somewhat complicating the matter is the fact that, before the creation of usury laws, usury could refer to interest in general. Now, usury refers to exorbitantly (and illegally) high interest rates. The King James Version uses the word usury in its now obsolete sense. For example, in Exodus 22:25, the basic rule regarding interest is “If thou lend money to any of my people that is poor by thee, thou shalt not be to him as an usurer, neither shalt thou lay upon him usury” (KJV). However, in the English Standard Version, the same verse reads, “If you lend money to any of my people with you who is poor, you shall not be like a moneylender to him, and you shall not exact interest from him.”

Bankster are member of the banking industry seen as profiteering or dishonest. ‘nothing ever seems to happen to any of the banksters who caused financial pain to the masses.

An example is the financial giant Goldman Sachs, which owns a bunch of industrial warehouses near Detroit where aluminum ingots are stored. Every day, according to the paper, a fleet of trucks shuffles 1,500-pound bars of the metal among the warehouses, two or three times a day.

“This industrial dance has been choreographed by Goldman to exploit pricing regulations set up by an overseas commodities exchange,” the Times said its investigation found. “The back-and-forth lengthens the storage time. And that adds many millions a year to the coffers of Goldman, which owns the warehouses and charges rent to store the metal.”

It also increases the prices paid by manufacturers and consumers for products that use aluminum — soda and beer, for instance.

Unfortunately, this is just one of many examples. The maneuvering in markets for oil, wheat, cotton, coffee and more has brought billions in profits to investment banks like Goldman, JPMorgan Chase and Morgan Stanley, the newspaper reported.

Corrupt bank scandals are magnified by each other, loan to own schemes which destroy the small businessman on a regular basis, Goldman Sachs bankers seem to have a corner on the market along with Bank of America just to mention a few bad corrupt banks. They’re part of a pattern, lawlessness, greed, self-centered ambition, one that the American public is hyperaware of. These headlines foment mistrust in the fairness of the entire system, Bank are corrupt by design….

Bankers and gangsters are mainstream in today’s financial institutions, these large to midsize banks and there under links- the “bankers” are the corrupt wheeler-dealers, they manipulated markets, sliced and diced mortgages (fraudulent foreclosures) and played loose with other people’s money, they are gangsters.. Their history proves the bad fruit that has harmed the American people….

StevieRay Hansen
Editor, Bankster Crime

MY MISSION IS NOT TO CONVINCE YOU, ONLY TO INFORM…

Don't Miss

How Deutsche Bank Helped Con The Public Into Believing In Wirecard

By StevieRay Hansen

By Tyler Durden More reporting on the Wirecard situation has emerged over the long weekend in the US, and none of it is flattering. As a court-appointed…

Read More

USDA Crop Report Shocker Sends Corn Futures Surging

By StevieRay Hansen

Chicago corn futures surged 8% in the last two sessions after a massive reduction to the U.S. government’s acreage estimate reported Reuters.  The U.S. Department of Agriculture’s…

Read More

“Red Flags Galore”: Companies Sold A Mindblowing $113 Billion In Stock In Q2

By StevieRay Hansen

When it comes to bearish market flow red flags, aggressive selling of stock by corporate insiders is traditionally viewed as the biggest red flag –…

Read More

US Bankruptcies Busting Out to Match 2009 Peak Mean Trouble for Stock Market

By StevieRay Hansen

The following article by David Haggith was published on The Great Recession Blog: Bloomberg reported this week that thirteen US companies (in the 50-million-plus size) filed for bankruptcy…

Read More

Who Is The Next Wirecard?

By StevieRay Hansen

Now that the multi-year saga of German fintech megafraud Wirecard is finally over, the pain is only just starting for disgraced German regulator BaFin (with…

Read More

StevieRay Hansen

In his riveting memoir, "A Long Journey Home", StevieRay Hansen will lead you through his incredible journey from homeless kid to multimillionaire oilman willing to give a helping hand to other throwaway kids. Available on Amazon.

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *