Criminally Insane Apartheid-Genocide & Using Raw Power To Dominate Earth

Mortgage crisis penalty estimated at $50 bln for 'Wolves of Wall Street', Jan 11, 2014 >>Get short URL AFP Photo / Stan Honda

America’s biggest banks could shell out nearly $50 billion to settle probes by government regulators who are after them for overstating the quality of mortgage bonds they sold, which triggered the 2008 financial crisis.
The new estimate was reported by The New York Times, citing industry insiders who are using JPMorgan Chase’s record $13 billion payout in December 2013 as a benchmark to calculate how much each individual financial institution may need to pay.

A $50 billion payout from several financial institutions would equal about half of the bank’s total profits in 2012.

JPMorgan Chase was accused of selling securities that roughly cost investors $22.5 billion, and since 2008 has paid out $22 billion in 18 separate investigative probes.

The New York Times analysis shows that Bank of America, the country’s second-largest lender, could settle for $11.7 billion in penalties, plus an extra $5 billion to provide assistance and relief to homeowners. Morgan Stanley could face a $3 billion settlement, and Goldman Sach’s total could be around $3.4 billion.

If Wall Street is fined $50 billion, up to $15 billion would go directly to the people affected by the bad loans, in either cash payments or loan reductions.

Sixteen banks are under investigation by the Justice Department and the Security Exchange commission for selling securities to investors and grossly overstating the quality of mortgage bonds without fully disclosing the risks.

Goldman Sachs have also come under fire from the Justice Department in civil fraud cases and is under investigation by the Security Exchange Commission and face millions in penalties.
Across the Atlantic, Britain’s Royal Bank of Scotland could be hit with a $10 billion settlement, according to the analysis.

Previously, Standard & Poor’s estimated that the eight largest US banks would collectively need to cough up between $56.5 billion and $104 billion to settle mortgaged related charges.

None of the banks have provided official comment on the anticipated financial payouts.




http://rt.com/usa/jail-for-google-invite-girlfriend-431/ <<

Sending an ex-girlfriend an email invitation to join Google+ despite an active restraining order landed a Beverly, Massachusetts man in handcuffs and behind bars.

The problem? Thomas Gagnon, 32, says he never actually sent an email of any sort. Instead, he claims it was Google’s fault.
According to Gagnon, Google automatically sent the invitation without informing him or asking for his consent.

As the Salem News reported, Gagnon was arrested about 90 minutes after his ex-girlfriend notified police. The officers agreed the sent invitation constituted a violation of the restraining order, and while the district court judge acknowledged he wasn’t sure precisely how Google+ processes invitations, he set bail at $500.

>>http://rt.com/news/uk-politicians-accused-warcrimes-469/ 

The ICC has been urged to investigate the alleged war crimes of UK politicians during the Iraq conflict. A dossier detailing reports of sexual assault, torture and mock executions carried out by British soldiers in Iraq has been submitted to the Court.

The 250-page document entitled “The Responsibility of UK Officials for War Crimes Involving Systematic Detainee Abuse in Iraq from 2003-2008”, published by the German-based European Centre for Constitutional Human Rights, calls for "opening of an investigation” into the actions of senior British officials during the conflict. 

The document compiles testimonies from over 400 Iraqis, constituting “thousands of allegations of mistreatment amounting to war crimes of torture or cruel, inhuman or degrading treatment.” Among the documented crimes are brutal acts of physical abuse, including “hooding prisoners, electric shocks, burning, sexual assault, cultural and religious humiliation, rape and simulated executions.”

Given the scope and systematic nature of the crimes between 2003 and 2008, the Centre for Constitutional Human Rights lays the blame at the feet of “individuals at the highest levels” of the UK army and political system. The report alleges that members of the UK government were aware, or should have been aware, of the abuses being committed by their soldiers, but even so, failed to act. 

http://www.rense.com/general96/rich.html <<

On January 9, CRP headlined "Millionaires' Club: For First Time, Most Lawmakers are Worth $1 million-Plus." 

In tongue in cheek understatement, The New York Times said it's "hardly the kind of news that lawmakers in Congress would want to highlight during a week when unemployment benefits expired for (1.3 million) Americans."