#Fraud #Banks #Money #Corruption
Wells Fargo personal banker pleads guilty to being part of nearly $20 million drug money laundering scheme
There are two types of people in jail or prison: those who were wrongfully accused and victimized by an unjust system, and those who are guilty and whose punishment is just according to the system of law they have broken. The Bible has something to say to both the innocent and guilty who are in…
Trust used to be a word associated with banks,not anymore!
The loss of the family home through foreclosure or bankruptcy can be a time of blessing for the family, a time when parents and children “close ranks” and become more keenly aware of their love for one another and the important things in life—faith, family and community—and less focused on material things that have no…
WELLS FARGO CAUGHT SCAMMING CUSTOMERS AFTER DISSING CRYPTO AS SHADY
“Does Banking Contribute to The Good of Society?”HELL NO! Speaking to a group of Jews, Jesus says, “You belong to your father, the devil, and you want to carry out your father’s desires. He was a murderer from the beginning, not holding to the truth, for there is no truth in him. When he lies,…
Stephens Downgrades BankUnited (BKU) to Equal Weight
The Bible records two instances of Jesus cleansing the temple of money changers and those selling sacrificial animals. Jesus’ first encounter with money changers was at the beginning of His three-year ministry (John 2:14–16). He made a whip of cords and drove them out. The second time He confronted the money changers was the week before His…
The Global Growth Slowdown Spells Trouble for Bank Stocks
Be Warned: The phrase “the time of Jacob’s trouble” is a quote from Jeremiah 30:7 which says, “Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble; but he shall be saved out of it” (KJV). In the previous verses of Jeremiah 30, we find that the Lord…
Deutsche Bank former CEO Jain under probe for dividend tax-stripping: Report
Greed and a desire for riches are traps that bring ruin and destruction. “The love of money is a root of all kinds of evil,” and Christians are warned, “Do not put your trust in wealth” (see 1 Timothy 6:9-10, 17-18). Covetousness, or having an excessive or greedy desire for more, is idolatry. Ephesians 5:5 says, “For of this…
Why Corrupt Bankers Avoid Jail
The phrase “reprobate mind” is found in Romans 1:28 in reference to those whom God has rejected as godless and wicked. They “suppress the truth by their wickedness,” and it is upon these people that the wrath of God rests (Romans 1:18). The Greek word translated “reprobate” in the New Testament is adokimos, which means literally “unapproved, that…
The Six Megabanks have not skipped a beat when it comes to committing fraud, market manipulation, and other abuses against their clients, investors, and the financial markets themselves.
Paul’s charge to us in Romans 13:8 to owe nothing but love is a powerful reminder of God’s distaste for all forms of debt that are not being paid in a timely manner (see also Psalm 37:21). At the same time, the Bible does not explicitly command against all forms of debt. The Bible warns against debt, and…
Bankers That Get Arrested, Banks In Trouble… As-it-happens update
If materialism was ever to satisfy anyone, it would have been Solomon, the richest king the world has ever known. He had absolutely everything and had more of it than anyone, and yet he found it was all worthless and futile. It did not produce happiness or the satisfaction our souls long for. He declared,…
Deutsche Bank’s Impending Auf Wiedersehen Will Hurt Americans
Greed refuses to be satisfied. More often than not, the more we get, the more we want. Material possessions will not protect us—in this life or eternally. Jesus’ parable of the rich fool in Luke 12:13–21 illustrates this point well. Again, money or wealth is not a problem. The problem is our attitude toward it. When we…