Tag Archives: Glass-Steagal Act

Consolidating The Money Power

(Excerpted from Chapter 18: The International Banksters: Big Oil & Their Bankers…)

The September 2000 marriage which created JP Morgan Chase was just the final merger in a frenzy of bank consolidation that took place throughout the 1990’s.  Continue reading

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Goldman Sachs & The Age Of Parasite Capitalism

2013 8-26 Parasitized Hornworm (2)A March lawsuit filed in Manhattan federal court accused 17 of the world’s behemoth banks along with the British Bankers’ Association of rigging the London interbank offered rate (LIBOR). The FDIC was suing on behalf of 38 failed banks it’s had to take into receivership since 2008 as a result of the manipulation. Continue reading