Monthly Archive: May 2014

How to Rob a Bank (or a Whole Country), Part I

William Black is a former bank regulator who’s seen firsthand how banking systems can be used to commit fraud — and how “liar’s loans” and other tricky tactics led to the 2008 US banking crisis that threatened the international economy. In this engaging talk, Black reveals the best way to rob a bank — from the inside.
[you can watch the video here…]

Recipe: Engage Anglo-saxon management and allow the virus of corporate greed to spread freely. Switzerland’s second largest bank, Credit Suisse, has been fined more than $ 2.6 billion (CHF 2.3 billion) after pleading guilty to criminal charges of helping United States clients to evade taxes, and its top management stay in place!

Responsible for the record fine, Brady Dougan claims to be innocent… shareholders will pay the bill!

The US has found ways to milk other countries while our hypocritical politicians proclaim that they did a good job. Or why else would the Swiss government and the country’s financial sector welcome the resolution between Credit Suisse and the United States? “Toute nation a le gouvernement qu’elle mérite” – every country has the government it deserves (Joseph de Maistre, 1811)