Are Big Banks Criminal Enterprises?

Governed By Morons

Excellent post from Washington’s Blog chronicling a very long list of banking criminality.  For the complete list click HERE.


  • Laundering money for drug cartels
  • Laundering money for terrorists
  • Engaging in rigging rates to defraud local governments
  • Shaving money off virtually every pension worldwide
  • Charging storage fees for non-existent gold
  • Raiding allocated gold accounts
  • Mortgage fraud: both when they are initiated and when they foreclose
  • Pledging the same mortgage multiple times to different buyers
  • Cheating homeowners
  • Committing massive fraud via LIBOR (London inter-bank offer rate).  Biggest known fraud in history
  • Engaging in insider trading
  • Pushing investments which they knew were terrible, and then betting against the same investments to make money for themselves
  • Engaging in unlawful “frontrunning” to manipulate markets
  • Engaging in unlawful “Wash Trades” to manipulate asset prices
  • General and widespread market manipulation
  • Participating in various Ponzi schemes
  • Charging veterans unlawful mortgage fees
  • Helping the richest to illegally hide assets
  • Cooking their books

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