Wall Street deregulation, blamed for deepening the banking crisis, was aggressively pushed by advisers to Bill Clinton who have also been at the heart of current White House policy-making, according to newly disclosed documents from his presidential library.
The previously restricted papers reveal two separate attempts, in 1995 and 1997, to hurry Clinton into supporting a repeal of the Depression-era Glass Steagall Act and allow investment banks, insurers and retail banks to merge.
Will we see more banker suicides in the coming days and weeks? Things are quickly becoming rather interesting as the chaos in the Western financial system continues to escalate.
London Police have confirmed that an official investigation is underway into the death of a 39-year old JPMorgan Vice President whose body was found on the 9th floor rooftop of a JPMorgan building in Canary Wharf two weeks ago.
The news reports at the time of the incident of Gabriel (Gabe) Magee’s “non suspicious” death by “suicide” resulting from his reported leap from the 33rd level rooftop of JPMorgan’s European headquarters building in London have turned out to be every bit as reliable as CEO Jamie Dimon’s initial response to press reports on the London Whale trading scandal in 2012 as a “tempest in a teapot.”
The apparent suicide death of the chief economist of a US investment house brings the number of financial workers who have died allegedly by their own hand to four in the last week.
Steve Quayle’s banker source “V” is warning that “big things are going down” as a result of the fact that the NY Fed & bullion banks are OUT OF PHYSICAL GOLD, and states that the 4 banker suicides in the past week were on a HIT LIST tied to FOREX fraud- a list which the source claims includes dozens of Wall Street banksters.
Every President, every politician, and every human being tells lies and engages in acts of hypocrisy. But Barack Obama does these things to a far greater degree than anyone else that I have ever known of.
His campaign promises were so much better sounding than anyone else’s – no lobbyists in his administration, waiting five days before signing all non-emergency bills so people would have time to read them, putting health care negotiations on C-SPAN, reading every bill line by line to make sure money isn’t being wasted, prosecution of Wall St. criminals, ending raids against medical marijuana in states where it’s legal, high levels of transparency.
The deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the fireplace to notice. Flooring politicians, lawyers and investigators all over the world, the U.S. Justice Department granted a total walk to executives of the British-based bank HSBC for the largest drug-and-terrorism money-laundering case ever.
Yes, they issued a fine – $1.9 billion, or about five weeks’ [worth of HSBC] profit – but they didn’t extract so much as one dollar or one day in jail from any individual, despite a decade of stupefying abuses.