The Western financial crime syndicate is history’s ultimate example of a parasitic oligopoly.Submitted by go213mph on Thu, 07/12/2012 - 17:56
Bankers’ Fraud Now ‘Too Big To Fail’
There is more outrageous news out concerning the Western banking cabal, the crime syndicate otherwise known as our financial sector. The news was not that these banksters have openly admitted that they willingly/gleefully participated in LIBOR-related fraud which exceeds (present tense) $350 trillion in scope. No, the news was that this crime syndicate has now proclaimed that its acts of fraud are themselves “too big to fail”.
As the banking cabal’s favorite apologist, it was delegated to Bloomberg to frame the announcement of this obscenity, in its best media spin. Naturally Bloomberg did not use the phrase “too big to fail” when it explained why these bankers must be allowed to continue their crimes:...because structural changes risk invalidating trillions of dollars of contracts.
This euphemism from Bloomberg is, itself, perverse to the point of being fraudulent. The banking cabal has admitted their fraud in this $350 trillion crime spree (more than 5 times the size of the entire global economy). As a matter of law, all of these contracts became null-and-void the moment this fraud was discovered (and confessed).
Indeed, it is a separate (criminal) act of fraud for each and every one of these contracts which continues to be enforced despite being null-and-void as a fundamental precept of the Rule of Law. To demand that these contracts remain in effect is nothing less than a proclamation that the Rule of Law no longer exists. Crime becomes “OK” as long as it’s large enough (or as long as the perpetrators wear expensive enough suits).