Friday, February 13, 2015

Why Won’t Fox News Call It What It Is? - Global Financial Terrorist Banker Jihad

Fox News has been blaring over and over again, how can you defeat it if you don’t call it what it is?  So why won’t Fox News call it what it is, Global Financial Terrorist Banker Jihad.  From Money Jihad:


The chairman of the board of the sharia-compliant financial institution Islami Bank Bangladesh, Limited (IBBL), Abu Nasser Muhammad Abduz Zaher, was a leading member of the Al-Badr militia during the war for Bangladesh’s independence according to an unconfirmed report by a former vice chancellor of Chittagong University writing for the Daily Sun last month.

Al-Badr assassinated and tortured supporters of independence from Pakistan, and some Al-Badr members have been convicted of war crimes. Money Jihad previously revealed that IBBL diverts 8 percent of its profits to terrorist groups as a form of corporate zakat, and that at least one other IBBL board member was named in connection with a terrorist attack against Bangladeshi police.

Why won’t Fox News call it what it is “Global Financial Terrorist Banker Jihad?”

IBBL’s relationship with international bank HSBC was also cited as an example in a U.S. Senate investigation of HSBC’s sloppy counter-terror and anti-money laundering program.

Oh, my God, I am laughing so hard I can’t catch my breath.  IBBL is affiliated with HSBC Bank?? Remember them?  Remember Matt Taibbi’s expose on HSBC and how their AML Analyst went to the FBI and lost his job, lost everything because he exposed HSBC Bank for money laundering and terrorist financing that went all the way to the top bankers?  Remember that?  If not, it’s worth a stroll down memory lane.


The deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the fireplace to notice. Flooring politicians, lawyers and investigators all over the world, the U.S. Justice Department granted a total walk to executives of the British-based bank HSBC for the largest drug-and-terrorism money-laundering case ever.

Yes, they issued a fine – $1.9 billion, or about five weeks' profit – but they didn't extract so much as one dollar or one day in jail from any individual, despite a decade of stupefying abuses.

I guess ISIS is learning from the best.

People may have outrage fatigue about Wall Street, and more stories about billionaire greedheads getting away with more stealing often cease to amaze. But the HSBC case went miles beyond the usual paper-pushing, keypad-punching­ sort-of crime, committed by geeks in ties, normally associated­ with Wall Street. In this case, the bank literally got away with murder – well, aiding and abetting it, anyway…

"They violated every goddamn law in the book," says Jack Blum, an attorney and former Senate investigator who headed a major bribery investigation against Lockheed in the 1970s that led to the passage of the Foreign Corrupt Practices Act. "They took every imaginable form of illegal and illicit business….."

But the Justice Department wasn't finished handing out Christmas goodies. A little over a week later, Breuer was back in front of the press, giving a cushy deal to another huge international firm, the Swiss bank UBS, which had just admitted to a key role in perhaps the biggest antitrust/price-fixing case in history, the so-called LIBOR scandal, a massive interest-rate­rigging conspiracy involving hundreds of trillions ("trillions," with a "t") of dollars in financial products.

Hey that reminds me, remember Senator Phil Gramm R-Texas, of the Gramm/Leach/Bliley bill that deregulated Wall Street Banks?  He left the Senate and went to UBS Bank, I bet he didn’t get charged with anything or pay one penny in fines.  He knew the ropes he rigged them himself.

And, his wife Wendy Gramm was on the Board of Directors for Enron, and was able to cash out before the employees who lost everything when the stock collapsed.  From a 2002 New York Times article:


Enron And the Gramms

When Senator Phil Gramm and his wife Wendy danced, it was most often to Enron's tune.

Mr. Gramm, a Texas Republican, is one of the top recipients of Enron largess in the Senate. And he is a demon for deregulation. In December 2000 Mr. Gramm was one of the ringleaders who engineered the stealthlike approval of a bill that exempted energy commodity trading from government regulation and public disclosure. It was a gift tied with a bright ribbon for Enron.

That would be December 15th to be exact, the date of the passage of Gramm Leach Bliley. 

Wendy Gramm has been influential in her own right. She, too, is a demon for deregulation. She headed the presidential Task Force on Regulatory Relief in the Reagan administration. And she was chairwoman of the U.S. Commodity Futures Trading Commission from 1988 until 1993.

1993 was when William Jefferson Clinton came into office.

In her final days with the commission she helped push through a ruling that exempted many energy futures contracts from regulation, a move that had been sought by Enron. Five weeks later, after resigning from the commission, Wendy Gramm was appointed to Enron's board of directors.

According to a report by Public Citizen, a watchdog group in Washington, ''Enron paid her between $915,000 and $1.85 million in salary, attendance fees, stock options and dividends from 1993 to 2001.''

Boy, it pays to be in the United States Senate ever since the U.S. Senate along with five corrupt U.S. Supreme Court members overthrew the government in the United States. 

So, my question, based on my experience as a Bank Secrecy Anti Money Laundering Analyst, is where were the regulators?  You know there had to be alerts hitting everywhere, unless they were manually suppressed from generating alerts, but there still would be a record.  Where was the OCC?

Meanwhile, throughout all of this time, U.S. regulators kept examining HSBC. In an absurdist pattern that would continue through the 2000s, OCC examiners would conduct annual reviews, find the same disturbing shit they'd found for years, and then write about the bank's problems as though they were being discovered for the first time.

From the 2006 annual OCC review: "During the year, we identified a number of areas lacking consistent, vigilant adherence to BSA/AML policies....Management responded positively and initiated steps to correct weaknesses and improve conformance with bank policy. We will validate corrective action in the next examination cycle."

Translation: These guys are assholes, but they admit it, so it's cool and we won't do anything.

You might wonder, why haven’t I heard anything about all this in the nightly news?  Where are the investigative reporters?  Well guess what, America’s decline since the terrorist takeover has placed “investigative journalism” on the list of terrorist activities.  According to The Intercept:



Each year, Reporters Without Borders issues a worldwide ranking of nations based on the extent to which they protect or abridge press freedom. The group’s 2015 ranking was released this morning, and the United States is ranked 49th.

That is the lowest ranking ever during the Obama presidency, and the second-lowest ranking for the U.S. since the rankings began in 2002 (in 2006, under Bush, the U.S. was ranked 53rd). The countries immediately ahead of the U.S. are Malta, Niger, Burkino Faso, El Salvador, Tonga, Chile and Botswana.

Hey, Fox News! Why aren’t you calling it what it is, Global Financial Terrorist Banker Jihad?

Some of the U.S.’s closest allies fared even worse, including Saudi Arabia (164), Bahrain (163), Egypt (158), the UAE (120), and Israel (101: “In the West Bank, the Israeli security forces deliberately fired rubber bullets and teargas at Palestinian journalists”; 15 journalists were killed during Israeli attack on Gaza; and “the authorities also stepped up control of programme content on their own TV stations during the offensive, banning a spot made by the Israeli NGO B’Tselem that cited the names of 150 children who had been killed in the Gaza Strip”).

They say sunlight is the best disinfectant, so I guess it’s best to blow up the sun if you are part of a Global Financial Terrorist Banker Jihad.  But it looks like the people of Canada have a plan to overthrow their global financial terrorist hostage takers.  


The Case to "Reinstate" the Bank of Canada

There is a very interesting legal case that is playing out in Canada at the moment. William Krehm, Anne Emmett, and Comer (The Committee for Monetary and Economic Reform: filed a lawsuit on December 12th, 2011, in Federal Court to try to force a restoration of the Bank of Canada to its mandated purposes.

Hey, pay attention America, if you aren’t too dumbed down by fake news you might want to try something like that.  Get rid of the Federal Reserve Bank, they owe $700 trillion they are trying to unload on you.

In essence, they want the Bank of Canada to provide interest-free loans to the federal, provincial, and municipal governments, as provided for in the Bank of Canada Act. This money would be used to finance public expenditures whenever there is a budgetary deficit.

Apparently, the federal government used to borrow interest-free (to at least some extent) from the Bank of Canada up until 1974. At present, governments borrow all of the necessary money (apart from any bonds they may sell to the public) from private banks at the going rate of interest.

Canadians are economically burdened with the resultant debt-servicing charges because the Bank of Canada does not make use of its prerogatives in the interests of the Canadian public. The case is being prosecuted by Rocco Galati, who is widely considered to be Canada's top constitutional lawyer.

No shit Shakespeare that is what has been happening in the U.S. since the Christmas Eve passage of the Federal Reserve Act in 1913. Just as a matter of sanity, what nation would turn over the printing of their currency to a private, for profit bank?  That’s just looney.

So Canada is looking to restore their banking system to a publicly owned system, one accountable to the people.  Is there any model they could follow?  Any banking system that has not been taken over by global financial terrorists in their jihad against the people of the world?

Why, yes Virginia there is a Santa Claus.  From Truth Dig:


Why Public Banks Outperform Private Banks

In November 2014, the Wall Street Journal reported that the Bank of North Dakota (BND), the nation’s only state-owned bank, “is more profitable than Goldman Sachs Group Inc., has a better credit rating than J.P. Morgan Chase & Co. and hasn’t seen profit growth drop since 2003.”

The article credited the shale oil boom; but as discussed earlier here, North Dakota was already reporting record profits in the spring of 2009, when every other state was in the red and the oil boom had not yet hit. The later increase in state deposits cannot explain the bank’s stellar record either.

Then what does explain it? The BND turns a tidy profit year after year because it has substantially lower costs and risks then private commercial banks.

It has no exorbitantly-paid executives; pays no bonuses, fees, or commissions; has no private shareholders; and has low borrowing costs. It does not need to advertise for depositors (it has a captive deposit base in the state itself) or for borrowers (it is a wholesome wholesale bank that partners with local banks that have located borrowers). 

The BND also has no losses from derivative trades gone wrong. It engages in old-fashioned conservative banking and does not speculate in derivatives.

Oh yeah guess what, the Obama Administration is putting a new cop on the beat.  Confirmation hearings are going on for the new Attorney General to replace Eric Holder.  So who will take up the mantle of those government officials who refuse to identify the enemy for what they are, Global Financial Terrorist Bankers.  Why it’s none other than the Global Terrorist Banker’s own get out of jail free card, Loretta Lynch.  From Black Agenda Report:


Loretta Lynch is Condoleeza Rice With A Law Degree

Oh, oh that doesn’t sound good.

Lynch did her undergrad and law school at Harvard. She went from there to the prestigious NY firm Cahill Gordon & Rendall, the folks who represent Bank of America, Merril Lynch, Barclays, Citigroup, Credit Suisse, JP Morgan, Wells Fargo and the like.

Sounds like that three-quarters of a billion dollars laundered into the Obama campaign is paying off to this day.

Lynch served her first term at the Justice Department co-chairing something called the White Collar Crime Subcommittee. But you never hear Lynch bragging about how many white collar crooks, fraudulent bankster, predatory speculators and greedy CEOs she's locked up. That's just not what the Department of Justice does any more, whether under Democrats or Republicans.

Hence Loretta Lynch's expertise in advising and defending the few white collar criminals who got close to seeing the inside of a courtroom made her eminently qualified for DOJ's “White Collar Crime Subcommittee….”

Lynch went back to the Justice Department a second time in 2000, this time as Brooklyn NY's federal district attorney.

Hmmm 2000 why does that ring a bell?

In this office, Lynch was responsible for carrying out the vicious and racist war on drugs with thousands of vicious and petty drug prosecutions, and for enabling unjust asset forfeitures.

After a public outcry Lynch did give the green light to prosecution of NYPD officers in the sodomizing of Abner Louima, but she declined to launch federal investigations into hundreds of other incidents of NYPD's lawlessness, brutality and murder which occurred on her watch.

Back in private practice by 2003, Loretta Lynch was serving on the board of the Federal Reserve Bank of New York.

Sounds like she’s ripe for recruitment into the Global Banking Terrorist Banker Jihad.  I hope the government is keeping an eye on her.

When President Obama took office, there was an urgent need for Lynch's unique talents. Greedy speculators, banksters and hedge fund sharpies had crashed the US economy in 2007, leading to millions of foreclosures and the most catastrophic loss of black family wealth since the US began measuring it.

But banking, insurance and finance had been the incoming administration's biggest contributors. “White collar crime specialist”Lorretta Lynch answered the call. She came back to Washington to protect the pillagers and perps who made her career, and the Obama administration possible.

Relax America a new sheriff is in town.

So, when will Fox News call it what it is?  A Global Financial Terrorist Banker Jihad.

By Patricia Baeten

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