03/27/13

Major Bank Fraud

In June 2005 we used our life saving and bought a business in Phoenix Arizona. Business was doing well until we were approached by a banker from M & I Bank who convinced us to sign up with their new loan program they called the “Swap Loan”. We trusted this banker and signed up for this loan which was supposed to save money. Continue reading →

07/12/12

The Scam Wall Street Learned From the Mafia

By MATT TAIBBI JUNE 21, 2012

How America’s biggest banks took part in a nationwide bid-rigging conspiracy – until they were caught on tape
To read Matt’s entire article in the Rolling Stones magazine

Illustration by Victor Juhasz

07/5/12

GLOBAL BANKING ELITE: Barclays Bob Diamond CEO resignes, allegations of SCAMS

If you think these scams are just taking place in the United States, check out this video of Barclays Bank in the UK.

Barclays Chief Executive Bob Diamond has stepped down amid growing political and public pressure due to the interest rate fixing scandal. Diamond resigned as chief executive as well as a director at the bank with immediate effect, Barclay’s said. “The external pressure placed on Barclays has reached a level that risks damaging the franchise — I cannot let that happen,” Diamond said in a statement.

GLOBAL BANKING ELITE: Barclays Bob Diamond CEO resignes, allegations of SCAMS he should go to JAIL
Last week Barclay’s paid $450 million to settle an investigation by British and American regulators over the bank’s involvement in a conspiracy to rig interbank rates between 2005 and 2009. Continue reading →