Read it. Learn about it. Remember it the next time these fucks beg for a bailout. https://www.buzzfeednews.com/articl...inancial-scandal-criminal-networks?origin=shp
it's not personal, it's just business. greed. IMHO the mantra and vice have caused more harm in our history than any other single factor. deutsche bank,( the russians, the donald) had their very own section in that second report link. no wonder the subpoenas for the president's and his family's records from them. https://www.buzzfeednews.com/article/tomwarren/deutsche-bank-money-laundering-mirror-trades
https://www.marketwatch.com/story/a...er-than-later-warns-deutsche-bank-11600686154 buzzfeednews' report already impacting the market. A financial crisis could surprise investors ‘sooner rather than later,’ warns Deutsche Bank Global banks are tanking over allegations of a money-laundering scandal, second-wave COVID-19 worries, and a possible delay to badly needed fiscal stimulus in the U.S., due to political tussling after the death of Supreme Court Justice Ruth Bader Ginsburg.
what imaginary bank handles the family finances in that series? i once knew a member of rev. sung yung moon's cult who had risen to a very highly responsible position within that organization. ( i liken them to any other cult of the leader's personality, not a religion.) one of his responsibilities was traveling the country with those electronic bill counters to receive, count and transport the loot generated by the folks selling flowers at the airports and on the side of the road throughout the country. apparantly they generated huge amounts of cash. one of the things he told me that truly lasted in my memories was that people have no idea how heavy those suitcases of money they handled weighed. tough to have the money but not be able to bank it i guess.
wall street seems nervous about mortgage loan exposure https://www.marketwatch.com/story/w...rent-looking-great-in-this-crisis-11600453426 Wall Street home loans aren’t looking great in this crisis
Opinion: The COVID-19 lockdown is squeezing real estate from all sides and threatens to burst the housing and mortgage bubble https://www.marketwatch.com/story/t...-and-mortgage-bubble-2020-09-21?mod=home-page i would think that with the huge numbers of small business failures, many of them restaurants and bars that the commercial side is being hit hard too. i know that kona commercial properties are getting hammered by tenet rent failures. that has meant severe cutbacks in building maintenance and repairs. the domino is they are demanding renegotiation of those janitorial and maintenance companies contracts exasperating layoffs and thus impacting the local home mortgage and rental market significantly
decent summary of the long read from a british perspective for those that prefer a shorter briefing, lol What has been revealed? HSBC allowed fraudsters to move millions of dollars of stolen money around the world, even after it learned from US investigators the scheme was a scam. JP Morgan allowed a company to move more than $1bn through a London account without knowing who owned it. The bank later discovered the company might be owned by a mobster on the FBI's 10 Most Wanted list. Evidence that one of Russian President Vladimir Putin's closest associates used Barclays bank in London to avoid sanctions which were meant to stop him using financial services in the West. Some of the cash was used to buy works of art. The husband of a woman who has donated £1.7m to the UK's governing Conservative Party's was secretly funded by a Russian oligarch with close ties to President Putin. The UK is called a "higher risk jurisdiction" and compared to Cyprus, by the intelligence division of FinCEN. That's because of the number of UK registered companies that appear in the SARs. Over 3,000 UK companies are named in the FinCEN files - more than any other country. Chelsea owner Roman Abramovich once held secret investments in footballers not owned by his club through an offshore company. The United Arab Emirates' central bank failed to act on warnings about a local firm which was helping Iran evade sanctions. Deutsche Bank moved money launderers' dirty money for organised crime, terrorists and drug traffickers. More details (BuzzFeed News) Standard Chartered moved cash for Arab Bank for more than a decade after clients' accounts at the Jordanian bank had been used in funding terrorism.
