There’s something very very suspicious going on with the global banks. Yesterday, a story broke out that banks like CitiBank, Bank of America and the rest have borrowed $50 Billion from the US Federal Reserve. It sounds like the US government is “bailing” out these banks that are finding themselves in the middle of a crisis that has seen more than $100 billion disappear. The interesting thing, of course, is that it is the people’s  money (directly through taxes or through inflation) is rescuing these banks.

But there is something even more suspicious. Rather than admit that the this problem is a result of some voodoo magic that the Banks tried to pull over unsuspecting investors, they are blaming a handful of traders for this.

Remember Societie General last month that blamed $7 billion in losses on ONE trader? Morgan Stanley, another large bank, today announced that $9 billion had disappeared, and blamed it on a single trading desk at the company and fired them. Credit Suisse did the same thing, blaming $3 billion in disappeared money on a handful of traders.

Something is very wrong here. If the banks are telling the truth, that means a few individuals are controlling several hundred billion dollars of money at their complete discretion, and these “handful of traders” can swindle $100 billion of money. But more likely, the Banks are covering their asses on really bad bets and suspicious transactions that they made, and are sacrificing some traders for it, hoping to sweep the whole thing under the carpet.

Very disturbing.

(4 votes, average: 3 out of 5)

 Loading ...