Keeping An Eye On Goldman Sachs, Bank of America, Parmalat, and Other Criminal Members of the "Investment" Community

     Wednesday, 14 March 2012, NEW YORK, NEW YORK - The Ninth Amendment with this post originally drafted for publication on or about 19 November 2011 brings readers back to some fairly recent history with our routine reminder that READERS SHOULD AVOID READING FREE UNLIMITED DIGITAL NEW YORK TIMES CONTENT SIMPLY BY SETTING READERS' FREE FIREFOX BROWSERS TO "PRIVATE BROWSING". The subject is one too often easily forgotten by Americans since at least the Great Depression that commercial, investment and who knows what other kinds of banks (savings and loans let us not forget) should in almost no cases be confused with any type of behavior that might be described as ethical or any synonymous concept.

     The fact for the day is that commercial banks such as Bank of America now long have charged non-customers fees to cash checks at their banks even when the instruments are written on their own customers' accounts. Moreover the banks, brokers, and other members of the "investment" community's attempts to institute a plethora of new fees suggest that they have taken greed to a new level or that business is not going so well as they might have one imagine through doctored accountants' statements as to their financial fitness. 

     The hidden fact for the day as touched upon in the Ninth Amendment's comment (digitally published or unpublished our IT department is unsure due to continuing problems with excess car wash wax on our servers) with minor editorial changes in response to a Times piece last November is that major banks and accounting firms routinely have been intimately involved in profiting from criminal conspiracies such as that resulting in the Italian Parmalat dairy bankruptcy which to the best of our knowledge has been the largest bankruptcy in history.

Comment

BigMartin

waronnothing  

     One would suppose that just like Goldman, Sachs any person or entity could "lose money" if no matter how much they made, they gave away a greater amount in bonuses, deferred compensation, hidden compensation in offshore accounts or who knows what else. This is "math" (or "Hollywood accounting"). "Risk" is not such a concern with limitless corporate welfare (on threat of bringing down the State if not given all for which one cries), bought politicians, and hawking garbage off to clients. Goldman, Sachs most likely is not losing much sleep over this. It is very hard to lose when you get to keep all you win (or are handed out) and any downturn is fully covered so there can be no actual loss.

     As for Bank of America we at the Ninth Amendment at www.waronnothing.blogspot.com closed the last account any of us ever had with a bank decades ago after a B of A San Francisco branch manager actually wrote us a letter apologizing for absolute ineptitude in repeatedly committing elementary math errors attempting to maintain a couple modest accounts we held. Since then the criminal nature of Bank of America has come to our attention repeatedly in domestic actions and stretching across the globe in gross criminal misconduct setting up fake accounts in places that do not even exist and conspiring in a variety of other enterprising ways that directly contributed to and concealed the largest meltdown and bankruptcy in history on which B of A itself finally pulled the plug deciding it had stolen all it could and thus precipitating the Parmalat bankruptcy. Simple research on this global criminal enterprise based in Italy readily will reveal the complicity and participation of B of A and many of readers' other favorite banks and accounting firms, including those brought in by Italian law to relieve the previous firms to insure that nothing was amiss, yet decided instead to join right in. Solution: Take your money out of the bank and put it in a credit union. It is insured.

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