|Some will rob you with a six-gun,|
some with a fountain pen.
Or a credit default swap.
And because the banks weren't prosecuted, they've gotten too big to prosecute. The crime spree continues.
Here, then, is a sampling of ways the criminal enterprises known as banks are destroying America. (Hat tip to Washingtons Blog and The Daily Beast.)
- Charging illegal mortgage fees to about a million military veterans.
- Stealing billions from U.S. taxpayers by illegally manipulating interest rates.
- Charging millions in storage fees to store gold bullion without buying or storing any gold.
- Cheating homeowners from the government help they were entitled to by pretending to lose homeowners' documents, failing to credit payments and lying to them.
- Laundering money for terrorists.
- Stealing money from companies by diverting cash to the CEO (i.e., bribery) during initial public offerings.
- Forging foreclosure documents in order to evict people from their homes.
- Stealing from pension funds by charging for phony transactions.
- Stealing hundreds of millions of dollars from taxpayers by rigging bids for bond issues.
- Bribing credit rating agencies for higher ratings.
- Systematically evading payment of fees to local governments, forcing them to cut services or raise taxes.
- Cheating pension funds of hundreds of millions of dollars by telling them crap products were solid investments and then making money by betting against the crap products.
- Kicking 54 military families out of their homes (it's illegal).
- Abetting Bernie Madoff's fraud and then withholding evidence from prosecutors.
- Lying to investors about a complex securities transaction.
- Overcharging 10,000 military families for their mortgages.
- Stealing millions from homeowners by adding credit insurance to their loans without telling them.
- Defrauding investors by selling them investments designed to fail and then betting on their failure.
- Lying to pension funds and other investors about the financial problems of a pending acquisition. While the pension funds lost money, the CEO got a $64 million retirement package.
- Manipulating the oil market to raise prices.
- Conspiring with Greece to hide its debt and then betting that Greece couldn't repay the debt.