Trump Em­pow­ers Crim­i­nal & Preda­tory Bank­ing

Trillions - - In this Issue - Photo by Pe­dro Lu­peron, cc

Don­ald Trump has signed off on the re­peal of a bank­ing rule that let con­sumers join to­gether to sue their bank or credit card com­pany to re­solve fi­nan­cial dis­putes.

The Press was not al­lowed to cover the pri­vate sign­ing and cel­e­bra­tion by the bank­ing car­tel.

The Repub­li­can dom­i­nated Se­nate nar­rowly voted to kill the reg­u­la­tion from the Con­sumer Fi­nan­cial Pro­tec­tion Bureau (CFPB) as a ser­vice to the bank­ing in­dus­try, which would pre­fer that their cus­tomers not be able to chal­lenge a bank's preda­tory and crim­i­nal ac­tions.

CFPB Di­rec­tor Richard Cor­dray, has called the move a “gi­ant set­back” for con­sumers.

The CFPB it­self is un­der fire and Repub­li­cans would like to sim­ply elim­i­nate the agency al­to­gether and will likely do so after they have fin­ished dis­man­tling and gut­ting other reg­u­la­tory agen­cies which are a higher pri­or­ity.

In the new Amer­ica there will be no im­ped­i­ment to the oli­garch's loot­ing of the coun­try.

Amer­ica's largest banks are essen­tially enor­mous crim­i­nal en­ter­prises who have the right not just to man­u­fac­ture money from noth­ing but steal from and de­fraud their cus­tomers on a grand scale. They use some of their vast prof­its to buy politi­cians and en­sure that they do their bid­ding.

One good ex­am­ple of the crim­i­nal­ity of banksters and their min­ions in Wash­ing­ton is Wells Fargo's mas­sive iden­tity theft in which em­ploy­ees setup 2 mil­lion ghost de­posit and credit card ac­counts with­out cus­tomers' ap­proval. Cus­tomer's ac­counts were deb­ited for the fraud­u­lent charges on a grand scale that gen­er­ated huge prof­its for Wells Fargo and its ex­ec­u­tives.

The scheme was ap­proved and sus­tained by up­per man­age­ment yet none of the crim­i­nals were pros­e­cuted and Wells Fargo was merely fined in what amounts to a grand fed­eral pro­tec­tion racket.

Wells Fargo is fre­quently fined for its many crimes yet none of their ex­ec­u­tives ever goes to jail and the fines are never large enough to de­ter the crimes.

Wells Fargo started en­gag­ing in whole­sale crim­i­nal ac­tiv­ity after it pur­chased the CIA af­fil­i­ated Wa­chovia Bank, which had long laun­dered drug money.

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