More Banking Corruption and Greed – The $25 Billion Settlement

by OMM on March 19, 2012

Just on the heals of publishing my article on how big business and corporations are sooo corrupt, I wake up and start reading some of the articles in my email in-box.

What do I see “Foreclosure Settlement With Banks Filed in Federal Court” on Bloomberg News.

The gist of the article is that 5 of the largest banks: Bank of America, Wells Fargo, Citigroup, Ally Financial and JPMorgan were using false documentation in order to foreclose and seize homes from borrowers.

I guess if you don’t have the paperwork, just make it up right?

Seriously, employees don’t just get these ideas to forge documents; this stuff comes straight from the top down. These guys are either MORONS, or just so arrogant they think they can get away with it; and I would say it’s the latter of the two.

This article is from about a week ago, it’s impossible to keep up with all the corruption going on especially when it comes to banks; because they are at the top of the list when it comes to corporate greed & corruption.

The good news is, if you own a home and are hoping for a principal reduction you may now qualify…call your lender for details.

If you want to learn more about banking I would highly advise you read The Creature from Jekyll Island.

If I read the news everyday, and had infinite time I would have so much information to publish on these guys it would be a full time job (some people have made a full time job out of it, checkout Alex Jones)

Alright, back to my reading, let me see what else I can dig up today.

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