Tag HSBC

Who Runs The World,Banks Caught in Frauds?

Goldman Sachs was bailed out, the Executives had Bonus paid out to them even after bail out and stinging comment of President Obama was met by severe criticism by The Finance Industry!

Deutsche Bank AG (DBK), JPMorgan Chase & Co. (JPM), UBS AG (UBSN) and Depfa Bank Plc were convicted by a Milan judge for their role in overseeing fraud by their bankers in the sale of derivatives to the city of Milan.(Bloomberg .com)

"Barclays boss Bob Diamond has been shamed into giving up his bonus after his bank was fined £290million for trying to rig money markets.
You expect them be honest?

The purport of this post(second part) has something else to bring out altogether

As the post is getting too long I will conclude in the next post and explain who really runs the World and Economy, definitely not the Governments!

Linked Connecticut Shooting Libor Banks Rate Fixing Hearing?

Financial Institutions, of late are found to have been indulging in skullduggery, from manipulation of markets to laundering Drug money.

One remembers Goldman Sachs and HSBC, the latter has been filed heavily for laundering drug money and curiously no executive was arrested(please read my blogs on Goldman Sachs and HSBC money laundering, its escape, filed under Banks.

At times like these I am tempted to believe the presence of a killer Cartel that is manipulating the World Governments(my blogs on this subject will give some inputs)