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Today (Halloween): Help us choose "America's Scariest Bankster"!
*** Who's the Scariest Bankster?! ***
To help you out, below are highlights of some of the crimes of ten of America's worst banksters. Most of the info is from Occucard's "Bankster" series -- check out their "Bankster cards" here: http://www.occucards.com/bankster-wanted-cards/
BEN BERNAKE, Chairman, U.S. Federal Reserve -- Under Bernake, the Fed paid $16 trillion in secret near-zero interest loans to Citigroup, Merrill Lynch, Goldman Sachs, and others, so they'd be eligible for bailout funds.
LLOYD BLANKFEIN, Chairman & CEO, Goldman Sachs -- Goldman Sachs marketed $1.2 billion in bad subprime mortgage debt securities while taking out a $2 billion bet that they would implode. Sure enough, investors lost $1 billion.
RICHARD BLUM, CEO, Blum Capital Partners -- Since Blum became Chairman of the University of California Regents, the UC portfolio has invested $53 million in two for-profit-universities in which Blum Capital Partners is the dominant shareholder. Blum is also selling post offices to cronies on the cheap.
JAMES "JAMIE" DIMON, Chairman, President, CEO, JP Morgan Chase -- Stole money from customers of IMF Global, rigged municipal bond markets, aggressively manipulated the silver market, and supervised massive illegal foreclosures, including military families' homes.
TIMOTHY GEITHNER, U.S. Treasury Secretary -- As President of the NY Federal Reserve, Geithner authorized a $182 billion bailout of AIG, with secret billion-dollar "sweetheart deal" transfers of the money going to his friends at Goldman Sachs and other firms.
BRIAN MOYNIHAN, President & CEO, Bank of America -- As Bank of America's General Counsel, Moynihan oversaw the resumption of massive loan frauds by their Countrywide acquisition. As CEO, he accelerated improper foreclosures.
ANGELO MOZILO, Chairman & CEO, Countrywide Financial -- In order to create large volumes of subprime mortgages for securitization, Countrywide encouraged blatant fraud by falsifying loan documents, inflating appraisals, and overstating borrower incomes. Mozilo was later personally fined $67 million by the SEC.
HENRY "HANK" PAULSON, U.S. Treasury Secretary & former CEO of Goldman Sachs -- To help protect Goldman Sachs, Paulson arranged for $29 billion in taxpayer funds to cover the debts of the failing bank Bear Stearns.
JOHN PAULSON, Founder & President, Paulson & Co. -- Paulson had his friends at Goldman Sachs create subprime mortgage securities that were designed to fail. He then made $5.3 billion selling and betting against them.
ROBERT RUBIN, former Treasury Secretary, CitiGroup Senior Counselor, & Goldman Sachs Co-Chair -- Rubin and other Citigroup officers misled shareholders about the bank's exposure to subprime mortgage debt. In 2012, Citigroup paid $590 million to settle a lawsuit with the shareholders.
Credits: http://www.Occucards.com and Occupy Bay Area United ( http://www.obau.org ).
Info about Strike Debt Bay Area is at: http://www.facebook.com/BayAreaStrikeDebt and http://strike-debt-bay-area.tumblr.com