Wells Fargo
“It’s About To Get Very Bad” – Repo Market Legend Predicts Market Crash In Days
For the past decade, the name of Zoltan Pozsar has been among the most admired and respected on Wall Street: not only did the Hungarian lay the groundwork for our current understanding of the deposit-free shadow banking system – which has the often opaque and painfully complex short-term dollar funding and repo markets – at its core……
Read MoreBanks, Real Estate, and Insurance Companies Crush The People
The Bible has a lot to say on the subject of injustice. We know that God is in favor of justice; we know that He is against injustice, even in the most basic terms. The writer of Proverbs mentions this: “The LORD detests differing weights, / and dishonest scales do not please him” (Proverbs 20:23).…
Read MoreA brief history of crime, corruption, and malfeasance at American banks
Corruption is a state of decay, pollution, or incorrectness. In the Bible, corruption is one of the effects of sin that resulted from the fall of man. In the beginning, God created a perfect paradise, free of sickness, pain, and death. But when Adam and Eve disobeyed God by eating the forbidden fruit, sin entered…
Read MoreFailed Bank List-Federal officials expect turbulence in the banking industry to continue into next year
Dishonesty is reproved in Scripture. God does not accept a Business or Business person who “practices deceit” (Psalm 101:7), and Jeremiah 9:5 says of a wicked society, “Everyone deceives his neighbor, and no one speaks the truth; they have taught their tongue to speak lies; they weary themselves committing iniquity.” Speaking the truth, or honesty, is a…
Read MoreSix ‘Criminal’ Banks Finally Identified and Exposed! Why No Media Coverage?
Why is it so important to understand and embrace the concept of absolute truth in all areas of life (including faith and religion)? Simply because life has consequences for being wrong. Giving someone the wrong amount of a medication can kill them; having an investment manager make the wrong monetary decisions can impoverish a family;…
Read MoreWells 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…
Read MoreWELLS 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,…
Read MoreWarren Buffett Calls Bitcoin “For Charlatans” Yet His Beloved Wells Fargo Has Paid $14.8B In Fines Since 2000 For Fraud And Abuse
Corruption is a state of decay, pollution, or incorrectness. In the Bible, corruption is one of the effects of sin that resulted from the fall of man. In the beginning, God created a perfect paradise, free of sickness, pain, and death. But when Adam and Eve disobeyed God by eating the forbidden fruit, sin entered…
Read MoreThe 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…
Read MoreWells Fargo CEO Tim Sloan steps down as bank struggles to get past scandals
The word mammon comes from the Greek word mammonas. Similar root words exist in Hebrew, Latin, Aramaic, Chaldean and Syriac. They all translate to “money, wealth, and material possessions.” In biblical culture the word mammon often carried a negative connotation. It was sometimes used to describe all lusts and excesses: gluttony, greed, and dishonest worldly gain. Ultimately, mammon described an idol of…
Read More