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View Diary: Why OWS is more important than ever: Global Network of Capitalism Revealed by New Study (33 comments)

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  •  Why is this not on the rec list?! (12+ / 0-)

    Solid, incredibly important information...
    I am astonished that everyone is not reading, emailing and sharing this in every way.

     THANK YOU, xaxnar, for a an excellent diary that I am going to repost, and send to many.

    •  Nice to see someone connecting the dots... (17+ / 0-)

      This had to be done... or why would the fed have done this...

      Revealed: How Federal Reserve paid out $1.2 TRILLION in loans to Wall Street aristocracy and foreign banks


      The U.S. Federal Reserve paid out $1.2trillion in loans to banks during the financial crisis including more than a dozen foreign companies, new figures have revealed for the first time.

      Banks from London to Paris and Frankfurt all helped themselves to vast amounts of cash from the U.S. even though they are not based here, the documents disclose.

      Almost half of the Fed’s top 30 borrowers were from Europe

      The Ponzi scheme that banksters ran was global in scope and they all got in on it!

      U.S. sues Deutsche Bank, alleging mortgage fraud

      U.S. prosecutors filed a civil suit Tuesday against Deutsche Bank, saying it repeatedly lied to the government and used shoddy lending standards that cost taxpayers hundreds of millions of dollars.

      The government’s fraud allegations come as regulators and prosecutors face pressure to hold banks responsible for actions that led to the financial crisis. The suit, which seeks $1 billion in damages, says that Deutsche Bank lied about the quality of its lending practices in order to get access to the government’s massive mortgage insurance program.

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