TOO BIG TO JAIL! - BANK OF AMERICA FOLLOWS WELLS FARGO'S PARADIGM OF LOOTING THE CONSUMER - NOT ONE WENT TO JAIL!

TRY SEPARATING A DEM POL FROM THE PARASITE BANKSTERS. WILL NEVER HAPPEN!!!

 “This was not because of difficulties in securing indictments or

convictions. On the contrary, Attorney General Eric Holder

told a Senate committee in March of 2013 that the Obama

administration chose not to prosecute the big banks or their

CEOs because to do so might “have a negative impact on the

national economy.” 

“This was not because of difficulties in securing indictments or convictions. On the contrary, Attorney General Eric Holder told a Senate committee in March of 2013 that the Obama administration chose not to prosecute the big banks or their CEOs because to do so might “have a negative impact on the national economy.”

OBAMANOMICS TO SERVE BANKSTERS  AND GLOBAL BILLIONAIRES

 

https://globalistbarackobama.blogspot.com/2018/10/barack-obama-his-plundering-banksters.html

 

One of the premier institutions of big business, JP Morgan Chase, issued an internal report on the eve of the 10th anniversary of the 2008 crash, which warned that another “great liquidity crisis” was possible, and that a government bailout on the scale of that effected by Bush and Obama will produce social unrest, “in light of the potential impact of central bank actions in driving inequality between asset owners and labor."

WHILE THE BANKSTERS WERE LOOTING, 'CREDIT CARD' JOE BIDEN WAS SUCKING ICE CREAM AND RED CHINA

Biden, long known as Delaware’s “senator from DuPont,” Biden served on committees that were most sensitive to the interests of the ruling class, including the Judiciary Committee and the Foreign Relations Committee. He supported the repeal of the Glass-Steagall Act in 1999, a milestone in the deregulation of the banks, and other right-wing measures. After nearly four decades in the Senate, Biden became Obama’s vice president, helping to oversee the massive bailout of Wall Street following the 2008 financial crisis and the subsequent restructuring of class relations to benefit the rich. That included the bailout of General Motors and Chrysler, based on a 50 percent cut in the pay of all newly hired autoworkers.

Bank of America Hit with $250 Million in Fines over Illegal Junk Fees, Fake Accounts

17

Stock photo via Getty

SIMON KENT

11 Jul 20239

3:05

Bank of America agreed to part with a total of $250 million in fines and compensation Tuesday to settle claims it systematically double-charged customers fees, withheld promised credit card bonuses and opened fake accounts without customer authorization.

Reuters reports Bank of America agreed to pay $100 million in restitution to harmed consumers. A further $150 million in civil penalties will also be set aside after the Consumer Financial Protection Bureau (CFPB) and Office of the Comptroller of the Currency (OCC) said the bank violated a number of laws beginning in 2012.

Bank of America, based in Charlotte, North Carolina, serves 68 million people and small business clients. The bank had $2.4 trillion in consolidated assets and $1.9 trillion in domestic deposits as of March 31, making it the second-largest bank in the U.S.

The institution had a policy of charging customers $35 after the bank declined a transaction because the customer did not have enough funds in their account, the CFPB said in its official statement.

The penalties come after Bank of America was recently exposed for handing over a list to the FBI of anyone who used its services in the D.C. area during the events of January 6 – whether they were involved or not.

The agency further determined the bank double-dipped by allowing fees to be repeatedly charged for the same transaction.

The bank said it voluntarily reduced overdraft fees and eliminated all non-sufficient fund fees in the first half of last year.

Bank of America also offered people cash rewards and bonus points when signing up for a card, but the CFPB said the bank illegally withheld promised credit card account bonuses.

Since at least 2012, Bank of America employees illegally applied for and enrolled consumers in credit card accounts without their knowledge or authorization, the CFPB said.

“Bank of America wrongfully withheld credit card rewards, double-dipped on fees, and opened accounts without consent,” said CFPB Director Rohit Chopra said in the prepared statement. “These practices are illegal and undermine customer trust.”

File/CEO and Chairman of the Bank of America Brian Moynihan speaks during the COP26 UN Climate Change Conference in Glasgow, Scotland on November 2, 2021. (HANNAH MCKAY/POOL/AFP via Getty Images)

In 2014 the CFPB ordered Bank of America to pay $727 million for illegal credit card practices, AP reports.

Last year it was ordered to pay a $10 million civil penalty over unlawful garnishments.

Also in 2022, the CFPB and OCC fined Bank of America $225 million and required it to pay hundreds of millions of dollars in redress to consumers for botched disbursement of state unemployment benefits at the height of the Chinese coronavirus pandemic, AP set out.

Follow Simon Kent on Twitter:  or e-mail to: skent@breitbart.com

Communism in America: How the U.S. Digital Dollar Mimics China’s Authoritarian Digital Yuan

42

iStock/Getty Images

MONETARY GOLD (SPONSORED)

11 Jul 20230

5:41

The following content is sponsored by Monetary Gold, the official gold sponsor of Breitbart News.

Earlier this year, U.S. House of Representatives Majority Whip Tom Emmer introduced the CBDC Anti-Surveillance Act in order to suspend President Joe Biden’s rapid rollout of a central bank digital currency (CBDC) dubbed Fedcoin.

The concept of a U.S. digital dollar is by no means new and has been in development for over 10 years. So, why is Biden injecting Fedcoin into the U.S. financial system now? Why has the Federal Reserve obscured a decade-long operation of research and development? The timing seems nefarious and not coincidental: The hasty rollout deliberately offers Americans little chance to react and invest in physical assets in order to protect their savings.

Fedcoin is an all-powerful surveillance tool that will be regulated under the purview of a single government entity: the Federal Reserve.

The monopolized nature of CBDC is a stark departure from cryptocurrency, which is decentralized, anonymous, and secure and leaves control in the hands of its users. In contrast, digital currency issued by the Central Bank will allow the Federal Reserve to exercise complete financial control over its users. Through Fedcoin, all financial activity—from purchases, to withdrawals, to transfers—will be logged on the permanent record-keeping system called the “blockchain.”

Biden peddles Fedcoin’s surveillance powers as a way to “deter criminal activity.” More accurately, however, this form of spying can also control the rights of its citizens—which eerily mirrors what we see in China. The government will have the jurisdiction to block any purchase arbitrarily regarded as “illegal.” Think high-risk investments, wiring money abroad, or even paying a worker to mow the lawn. With the Democrats in power, many conservatives fear surveillance will target the purchase of guns and ammunition. In other words, the consequences of CBDC may extend as far as America’s access to home security and personal defense.

What’s worse: This close monetary scrutiny could lead to the possibility of a blacklist of American citizens—protest organizers, political critics, whomever the government deems “dissident”—and a lack of access to their digital wallets. This paints a bleak future of coercion, where governing bodies can effectively strong-arm individuals and businesses by blocking their money supply. The current administration has not obscured their intent to closely monitor the private financial activity of Americans.

Sound familiar?

The Chinese Communist Party forcefully integrated the digital yuan into the economy to impose control over its people, and the United States is following suit by intensifying government involvement in our bank accounts. China is at the forefront of financial authoritarianism, and Joe Biden’s implementation of CBDC could be a push to mimic China.

In order to strong-arm the public into using the digital yuan, the Chinese government has banned the use of other decentralized cryptocurrencies and appears to be making moves to phase out paper currency. Some economists fear that the same could happen in the United States, which would effectively force the public to resort to CBDC and submit to full traceability by the Central Bank.

Fedcoin bodes grim for America’s future as a free society. The Central Bank’s all-seeing eye strips Americans of economic freedom marked by privacy and choice.

There is hope.

Gold will soon be the only fully anonymous and private means to conduct financial transactions. In addition to complete privacy, gold offers immunity to market crashes and inflation of the U.S. dollar. It is impossible to predict the full scope of Fedcoin’s consequences, but one thing remains true: Gold is here to stay.

Given the Democratic agenda to surveil America’s personal finances, the rollout of Fedcoin is inevitable. The CBDC Anti-Surveillance Act, however, buys smart investors some time to protect their money. The best time to buy gold is now. The transition to Fedcoin will insight a frenzied rush for gold by citizens wanting to reclaim their privacy and power over their money.

Shield your retirement from unconstitutional government spying. Click here to receive our FREE guide, Fedcoin: A Privacy Threat. Learn more about the potential dangers of Fedcoin, including hyperinflation, negative interest rates, expiration dates on money—and more. Or click here to watch a short video on how gold can protect you from cyberthieves and the “Everything Bubble Crash.”

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“Attorney General Eric Holder's tenure was a low point even within the disgraceful scandal-ridden Obama years.” 

                DANIEL GREENFIELD / FRONTPAGE MAG

 

 “This was not because of difficulties in securing indictments or

convictions. On the contrary, Attorney General Eric Holder

told a Senate committee in March of 2013 that the Obama

administration chose not to prosecute the big banks or their

CEOs because to do so might “have a negative impact on the

national economy.” AS THEY LOOTED TRILLIONS FROM

THE ECONOMY AND THEN PASSED ALONG SOME OF THE

 LOOT IN THE FORM OF 'SPEECH FEE' BRIBES!

 

During his presidency, Obama bragged that his administration was “the only thing between [Wall Street] and the pitchforks.”

In fact, Obama handed the robber barons and outright criminals responsible for the 2008–09 financial crisis a multi-trillion-dollar bailout. His administration oversaw the largest redistribution of wealth in history from the bottom to the top one percent, spearheading the attack on the living standards of teachers and autoworkers.

The Republican staff of the US House Committee on Financial Services released a report Monday presenting its findings on why the Obama Justice Department and then-Attorney General Eric Holder chose not to prosecute the British-based HSBC bank for laundering billions of dollars for Mexican and Colombian drug cartels.

WHILE BLACKROCK OWNS JOE BIDEN, J.P. MORGAN OWNS THE OBOMB. GOOGLE IT!

Ukrainian President Volodymyr Zelenskyy is tapping Wall Street firms like BlackRock and JPMorgan to help garner private and public investments to rebuild Ukraine amid its war with Russia.

“This was not because of difficulties in securing indictments or convictions. On the contrary, Attorney General Eric Holder told a Senate committee in March of 2013 that the Obama administration chose not to prosecute the big banks or their CEOs because to do so might “have a negative impact on the national economy.”

OBAMANOMICS TO SERVE BANKSTERS  AND GLOBAL BILLIONAIRES

 

https://globalistbarackobama.blogspot.com/2018/10/barack-obama-his-plundering-banksters.html

 

One of the premier institutions of big business, JP Morgan Chase, issued an internal report on the eve of the 10th anniversary of the 2008 crash, which warned that another “great liquidity crisis” was possible, and that a government bailout on the scale of that effected by Bush and Obama will produce social unrest, “in light of the potential impact of central bank actions in driving inequality between asset owners and labor."