Bank Organized Crime

Bank Organized Crime
Posted on January 31, 2019 | Larry Elford | Written on January 31, 2019
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Author's Note:

Author's Note:

Fear of economic uncertainty is the #1 cause of stress in many peoples lives.  Working twenty years inside some of the largest banks in the world, I witnessed how organized financial systems cooperated (conspired?) together to cause billions in harm to society. I am compelled to share this rather than remain silently complicit.

1.  Banks and investment dealers pay less than one Billion dollars to control virtually every key regulator in the land, while they (banks) made profits of $45 Billion last year. 

2.  Choosing and paying the key regulators gives banks power and influence over the regulators, rather than the other way around.   The cost to control the regulators is known in the industry as a small “insurance premium” to protect the payer of the premiums.

3. Power over the regulators means banks can ignore certain laws, and can also purchase passes to be “exempt” from other laws and public protections. (510 Exemptions granted by the OSC in 2017 and 410 in 2018 according to OSC staff...see links in comments section below) 



They can unjustly earn billions of dollars while regulators turn a blind eye.  Examples are contained in a book of organized financial crime titled “ABOUT YOUR FINANCIAL MURDER…”.

found here:  http://www.lulu.com/shop/http://www.lulu.com/shop/larry-elford/about-you...

(Top six US banks made profit of $100 Billion last period, using similar regulatory capture tactics)

Author's Video Note:

Canada’s Big 6 Banks gouged out record annual profits of $45 billion in 2018!

That works out to more than $22 million in profit every hour banks are open – 6% higher than in 2017, and more than double their profits in 2010.

This is the 8th year in a row the Big Banks’ profits have gone up – has your pay increased every year for the past 8 years?

The big banks also paid their CEOs $10 million each on average in 2018, and gave all their executives a total of $15.2 billion in bonuses (6% higher than in 2017, and 75% higher than in 2008).

Yes, you read that right -- $15.2 BILLION in bonuses. See the details in this Toronto Star article.

 

link to star article:

https://www.thestar.com/business/2018/12/05/bonus-pools-at-canadian-banks-climb-65-in-a-polarizing-year.html

About The Author

His 2018 Book "About Your Financial Murder..." is found on Lulu.com  http://www.... More