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Bankers resignations came ahead of huge unfolding scandal.

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posted on Mar, 2 2012 @ 08:25 AM

Bankers resignations came ahead of huge unfolding scandal.

Sorry just a 10 minute video no written report to put here.
(visit the link for the full news article)

Related Discussion Threads:
Theory behind mass resignations of banker elite. (elite behind the global curtain, are monkeys too)

posted on Mar, 2 2012 @ 08:25 AM
News now reporting on central bank scams/federal reserve scams the poop has finally hit the fan for banks. Please watch: I am on the edge of my seat to see what comes of all this! Please tell me what you guys think is to come of this and please feel free to link any more that you can find on this news.
(visit the link for the full news article)
edit on 2-3-2012 by Darkchemistry because: (no reason given)

posted on Mar, 2 2012 @ 08:31 AM
Yeah i just read that some 100+ bank CEOs have resigned in the last few weeks.

Nice find on the video.

This is gunna be a bumpy ride

edit on 2-3-2012 by Biigs because: EDIT: had incorrect number.

posted on Mar, 2 2012 @ 08:34 AM
Here is a list of all of them that stepped down before this news hit; they most likely were in on this huge global scam...we do not need to let them get away and need to investigate every one of them...

Romanian prime minister and cabinet resign en masse
2/20/12 (GERMANY) GERMAN PRESIDENT Christian Ruff resigns (financial corruption charges) yesterday
(1) 9/25/11 (SWITZERLAND) Bank chief resigns over £1.5bn rogue trader crisis
(2) 10/29/11 (CHINA) Resignations Suggest Shift for China's Banks
(3) 11/01/12 (INDIA) More directors of the Beed district bank resign
(4) 11/21/11 (JAPAN) UBS's Japan Investment Banking Chairman Matsui to Resign
(5) 11/29/11 (Iran) Iran's Bank Melli CEO Resigns Over Loan Scam
(6) 12/15/11 (UNITED KINGDOM) Senior private banker resigns from Coutts [a very exclusive private bank]
(7) 12/22/11 (FRANCE) Societe Generale's Investment Banking Chief Steps Down
(8) 1/05/12 (UNITED KINGDOM) Chief executive of Saunderson House [Private Bank] steps down 2012
(9)1/09/12 (SWITZERLAND) Switzerland's central bank chief resigns 2012
(10) 1/12/12 (United Kingdom) Lloyds' head of wholesale quits 2012
(11) 1/19/12 (SPAIN) Spanish bank Santander's Americas chief quits 2012
(12) 1/20/12 (JAPAN) Normura's head of wholesale banking quits 2012
(13) 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Governor Alan Bollard to Step Down in September 2012
(14) 1/21/12 (Greece) Banks' top negotiator quits Greece, but talks go on 2012
(15) 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi­ML
(16) 2/07/12 (INDIA) Falguni Nayar quits Kotak Mahindra Bank 2012
(17) 2/07/12 (IRAN) Iran denies central bank resignation rumor (don't believe until its denied?) 2012
(18) 2/09/12 (VATICAN) Four Priests Charged In Vatican Banking Scandal 2012
(19) 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO resigns 2012
(20) 2/13/12 (KUWAIT) Kuwait Central Bank CEO resigns 2012
(21) 2/14/12 (NICARAQUA) Nicaraqua Central Bank Pres Rosales resigns 2012
(22) 2/14/12 (UNITED KINGDOM) Social finance pioneer Hayday steps down from Charity Bank 2012
(23) 2/15/12 World Bank CEO Zoellick resigns 2012
Did the White House tell the World Bank president that he's out?
(24) 2/15/12 (SLOVENIA) Slovenia TWO largest Banks CEO's (2) resign 2012
(25) 2/15/12 (KENYA) Governor of Kenyan Central Bank to Resign 2012
(26) 2/16/12 (GHANA) Ken Ofori-Atta steps down as Executive Chair of Databank Group 2012
(27) 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Quits 2012
(28) 2/16/12 (AUSTRALIA) Anz Bank CFO Australia resigns 2012
(29) 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austrailan CEO Stephen Williams resigned

+3 more 
posted on Mar, 2 2012 @ 08:36 AM
When God starts to shine his big flashlight the vampires run for cover.

+4 more 
posted on Mar, 2 2012 @ 08:41 AM
reply to post by Darkchemistry

One of my neighbours is a financial adviser. Small fry but important enough to be regularly quoted in a major British journal serving one of the biggest industries in the country. Three years ago he was brimming with confidence. Now he's a shadow of his former self looking more and more uncomfortable every time I see him. If he is an indication of how the bankers are feeling, things are looking good for us and very bad for the criminal bankers. I guess a lot of them were so caught up in the system they though "Everyones doing it. What have we got to worry about"?

It's time for bankers to be concerned, very concerned.

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posted on Mar, 2 2012 @ 08:41 AM
This is the video link mentioned in the video after the MSNBC reports. and it took awhile but I found the transcript... Transcript:
Lord James of Blackheath: My Lords, I hope the minute that that has taken has not come off my time. I do not wish noble Lords to get too encouraged when I start with my conclusions but I will not sit down when I have made them. I will then give the evidence to support them and, I hope, present the reasons why I want support for an official inquiry into the mischief I shall unfold this afternoon. I have been engaged in pursuit of this issue for nearly two years and I am no further forward in getting to the truth.
There are three possible conclusions which may come from it. First, there may have been a massive piece of money-laundering committed by a major Government who should know better. Effectively, it undermined the integrity of a British bank, the Royal Bank of Scotland, in doing so. The second possibility is that a major American department has an agency which has gone rogue on it because it has been wound up and has created a structure out of which it is seeking to get at least €50 billion as a pay-off. The third possibility is that this is an extraordinarily elaborate fraud, which has not been carried out, but which has been prepared to provide a threat to one Government or more if they do not make a pay-off. These three possibilities need an urgent review.
In April and May 2009, the situation started with the alleged transfer of $5 trillion to HSBC in the United Kingdom. Seven days later, another $5 trillion came to HSBC and three weeks later another $5 trillion. A total of $15 trillion is alleged to have been passed into the hands of HSBC for onward transit to the Royal Bank of Scotland. We need to look to where this came from and the history of this money. I have been trying to sort out the sequence by which this money has been created and where it has come from for a long time.
It starts off apparently as the property of Yohannes Riyadi, who has some claims to be considered the richest man in the world. He would be if all the money that was owed to him was paid but I have seen some accounts of his showing that he owns $36 trillion in a bank. It is a ridiculous sum of money. However, $36 trillion would be consistent with the dynasty from which he comes and the fact that it had been effectively the emperors of Indo-China in times gone by. A lot of that money has been taken away from him, with his consent, by the American Treasury over the years for the specific purpose of helping to support the dollar.
Mr Riyadi has sent me a remarkable document dated February 2006 in which the American Government have called him to a meeting with the Federal Reserve Bank of New York, which is neither the Federal Reserve nor a bank. It is a bit like “Celebrity Big Brother”. It has three names to describe it and none of them is true. This astonishing document purports to have been a meeting, which was witnessed by Mr Alan Greenspan, who signed for the Federal Reserve Bank of New York of which he was chairman, as well as chairman of the real Federal Reserve in Washington. It is signed by Mr Timothy Geithner as a witness on behalf of the International Monetary Fund. The IMF sent two witnesses, the other being Mr Yusuke Horiguchi. These gentlemen have signed as witnesses to the effect that this deal is a proper deal. There are a lot of other signatures on the document. I do not have a photocopy; I have an original version of the contract.
Under the contract, the American Treasury has apparently got the Federal Reserve Bank of New York to offer to buy out the bonds issued to Mr Riyadi to replace the cash which has been taken from him over the previous 10 years. It is giving him $500 million as a cash payment to buy out worthless bonds. That is all in the agreement and it is very remarkable. Establishing whether I have a correct piece of paper is just two phone calls away-one to Mr Geithner and one to Mr Greenspan, both of whom still prosper and live. They could easily confirm whether they signed it. Mr Riyadi, by passing these bonds over, has also put at the disposal of the US Treasury the entire asset backing which he was alleged to have for the $15 trillion. I have a letter from the Bank of Indonesia which says that the whole thing was a pack of lies. He did not have the 750,000 tonnes of gold which was supposed to be backing it; he had only 700 tonnes. This is a piece of complete fabrication.
Finally, I have a letter from Mr Riyadi himself, who tells me that he was put up to do this, that none of it is true, and that he has been robbed of all his money. I am quite prepared to recognise that one of the possibilities is that Mr Riyadi is himself putting this together as a forgery in order to try to win some recovery. But it gets more complicated than that because each of the $5 trillion payments that came in has been acknowledged and receipted by senior executives at HSBC and again receipted by senior executives at the Royal Bank of Scotland. I have a set of receipts for all of this money. Why would any bank want to file $5 trillion-worth-$15 trillion in total-of receipts if the money did not exist? The money was first said to have come from the Riyadi account to the Federal Reserve Bank of New York and from there it was passed to JP MorganChase in New York for onward transit to London. The means of sending it was a SWIFT note which, if it was genuine, ought to have been registered with the Bank of England.
When this came about, I took it to my noble friend Lord Strathclyde and asked what we should do with it. He said, “Give it to Lord Sassoon. He is the Treasury”. So I did, and my noble friend Lord Sassoon looked at it and said immediately, “This is rubbish. It is far too much money. It would stick out like a sore thumb and you cannot see it in the Royal Bank of Scotland accounts”. He went on to say, “The gold backing it is ridiculous. Only 1,507 tonnes of gold has been mined in the history of the world, so you cannot have 750,000 tonnes”. That is true. The third thing he said was, “It is a scam”, and I agree with him. The problem is that at that point we stopped looking, but we should have asked what the scam was instead of just nodding it off.
We have never resolved it. Today, I have this quite frightening piece of paper, which is my justification for bringing it into this meeting. It is available on the internet and I am astonished that it has not already been unearthed by the Treasury because every alarm bell in the land should be ringing if it has. It is from the general audit office of the Federal Reserve in Washington-the real Federal Reserve-and its audit review to the end of July 2010 on the Federal Reserve Bank of New York. It has on it some 20 banks listed to which $16.115 trillion is outstanding in loans. That is the sore thumb that was being looked for by my noble friend Lord Sassoon. But more particularly there are two other interesting things. The first is that Barclays Bank has $868 billion of loan, and the Royal Bank of Scotland has $541 billion, in which case one has to ask a question, because they could have earned back in three weeks their entire indebtedness and could pay off the taxpayers of Britain. Why have they not done so and could we please ask them to put a cheque in the post tonight for the whole $46 billion?
The next thing that is wrong with it is that every bank on this list, without exception, is an MTN-registered bank, which means that they are registered to use medium-term notes to move funds between themselves with an agreed profit-share formula, in which case these banks are investing this money and, most extraordinarily, not a penny of interest does the Federal Bank of New York want paid on that vast amount, $16 trillion. Anyone who knows what the IMF rules are will immediately smell a rat. The IMF has very strict rules for validating dodgy money. There are two ways of doing it. You either pass it through a major central bank like the Bank of England, which apparently refused to touch this, or you put it through an MTN-trading bank, which is then able to use the funds on the overnight European MTN trading market where they can earn between 1 per cent and 2.5 per cent profit per night. The compound interest on that sum is huge. If it is genuine, a vast profit is being made on this money somewhere.
I believe that this is now such an important issue that I have put everything that I have got on the subject on to a 104-megabyte memory thumb. I want the Government to take it all, put it to some suitable investigative bureau and find out the truth of what is going on here, because something is very seriously wrong. Either we have a huge amount of tax uncollected on profits made or we have a vast amount of money festering away in the European banking system which is not real money, in which case we need to take it back. I ask for an investigation and for noble Lords to support my plea.
Okay, now we are going to dissect this and show you how bankers and financial professionals have all been a part of this game along with some of the biggest names in the financial world.
edit on 2-3-2012 by Darkchemistry because: (no reason given)

posted on Mar, 2 2012 @ 08:42 AM
The fact that Bernanke is still where he is says a lot. He needs to be dragged in front of the courts and forced to answer questions. We need arrests in this country for those who have participated in this destruction of America. I don't believe for a second that crotchety Greenspan had no knowledge of this.

If no arrests are made, people will continue to lose respect for politicians, the financial system, and the country as a whole. Maybe this is what they want.

posted on Mar, 2 2012 @ 08:51 AM
Personally...I want blood...Every person on the planet should.

Round up your shotguns and pitchforks imo.

If they aren't brought to justice and VERY soon, I see riots coming to a city in the US near you. (let alone the rest of the world already rioting)

(Besides, everyone else is rioting...that makes them cool. The US wants to be cool too) =P

Seriously tho....riots...soon. in the US. mark my words...

posted on Mar, 2 2012 @ 08:52 AM
reply to post by Afterthought

This is what Greenspan has been up to career wise after leaving the federal reserve. After the Federal Reserve
Immediately upon leaving the Fed, Greenspan formed an economic consulting firm, Greenspan Associates LLC.[34] He also accepted an honorary (unpaid) position at HM Treasury in the United Kingdom.
On February 26, 2007, Greenspan forecast a possible recession in the U.S. before or in early 2008.[35] Stabilizing corporate profits are said to have influenced his comments. The following day, the Dow Jones Industrial Average increased by 416 points and increased 3.3.% of its value.
In May 2007, Greenspan was hired as a special consultant by Pacific Investment Management Company (PIMCO) to participate in their quarterly economic forums and speak privately with the bond managers about Fed interest rate policy.[36]
In August 2007, Deutsche Bank announced that it would be retaining Greenspan as a senior advisor to its investment banking team and clients.[37]
In mid-January 2008, hedge fund Paulson & Co. hired Greenspan as an adviser. According to the terms of their agreement he was not to advise any other hedge fund while working for Paulson. (During 2007 Paulson had foreseen the collapse of the sub-prime housing market and hired Goldman Sachs to package their sub-prime holdings into derivatives and sell them. Some economic commentators blamed this collapse on Greenspan's policies while at the Fed.)[38][39]
On April 30, 2009, Greenspan offered a defense of the controversial H-1B visa program, telling a U.S. Senate subcommittee that the visa quota is "far too small to meet the need" and saying that it protects U.S. workers from global competition, creating a "privileged elite". Testifying on immigration reform before the Subcommittee on Immigration, Border Security and Citizenship, he said more skilled immigration was needed "as the economy copes with the forthcoming retirement wave of skilled baby boomers".[40]

So that should help discover Greenspans role; by figuring out what he was really doing for his and the other companies...he probably had to leave the Fed to finish executing the plan, or else they would be a conflict of interest, to his position.

posted on Mar, 2 2012 @ 09:16 AM
When Greenspan took the role in the UK (unpaid) it really makes me wonder if it was to keep tabs on what was going on; and be the whistle blower to alert bankers so they didn't get trapped triggering a mass resignation. It was after all the UK that has unraveled this and broke the seems they got suspicious when people were trying to move 15 trillion through them and they refused. It would make sense for Greenspan to take the position to know what they were finding out. Why else would he work for FREE to do it when he has commanded multi-millions from other firms?

It is important to note Goldman-Sachs had dealings with Greenspan; it makes me wonder how many politicians knew about this...since they have to declare their financial holdings; we can find out....I know of two so far...Hillary Clinton, and Romney have stock with Goldman/Sachs those are the two I know for sure. Help with digging into the rest of the major players that had a lot of access to congressional insider trading would help unravel possible conspirators or at least who might have been in the know, at top the level. Herman Cain had to know since he worked at the Federal Reserve, and defended the Reserve during debates. That being said, you cannot let anything be self regulated; such as the gas all needs outside independent investigations and audits.

posted on Mar, 2 2012 @ 09:16 AM
Sorry, but let me see if i got it right.. From the video and the upload date it seems it is something very recent, but.. isn't it from march 2011?

posted on Mar, 2 2012 @ 09:17 AM
The outing of the con, is part of the con. It gives us all something to focus our anger on while they work the rest of the "sting". Don't buy into this, it's just the next phase of the plan. I'm sure they'll be entertaining us with a few court cases too. Another part of the "sting".

Keep a change of underwear handy, you're gonna need it.

edit on 3/2/2012 by Klassified because: grammar

posted on Mar, 2 2012 @ 09:21 AM

Originally posted by Klassified
The outing of the con, is part of the con. It gives us all something to focus our anger on while they work the rest of the "sting". Don't buy into this, it's just the next phase of the plan. I'm sure they'll be entertaining us with a few court cases too. Another part of the "sting".

Keep a change of underwear handy, you're gonna need it.

Yeah you could be right.

Cant have a new world order without removing the old one first and of course have the minions do it for you.

posted on Mar, 2 2012 @ 09:29 AM
reply to post by quelmarth

The youtube video was posted March 1, 2012... The UK speech video is from February 19, 2012.

posted on Mar, 2 2012 @ 09:39 AM
As an aside, did anyone happen to see the movie "Margin Call"?

I watched this last weekend and I was not surprised by what unfolded. The movie is about the bursting of the housing bubble and is supposed to be a true story about the company that let it all unfold. It never tells you what company this was exactly, but I have my suspicions.

One of the most telling scenes is when Kevin Spacey is in the room with two of the major players. He turns around to leave before they start talking and they tell him that he might want to stay to hear this. He turns back around and says something like "I don't want to hear this. How do you think I've lasted this long?" (19 years)
It's as though everyone simply turned a blind eye and deaf ear to any type of corruption. As long as they have their jobs and are getting their paychecks, who cares what goes down?

Anyways, the movie is worth a watch.

posted on Mar, 2 2012 @ 09:41 AM
BTW previous posters if you haven't noticed this thread was moved, to Global Financial Meltdown; Thanks MODS for moving it...there are so many forums here it's hard to tell where they need to go sometimes.

posted on Mar, 2 2012 @ 09:44 AM
reply to post by Afterthought

It sounds like an interesting movie, but please keep comments on topic or at least post your feelings about the post in some form or fashion too...thanks.

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posted on Mar, 2 2012 @ 09:44 AM
They are resigning because the ugly truth is that capitalism does not work.

As long as there is liquidity in the system these conjurors are happy to take their big fat pay cheques and pretend that they control events, but when truth hits home that they don't and are mere manipulators of perception then it is time for them to bail with all of their perks and benefits in tact before you know what hits the fan.

I can't help the feeling that new concesus is growing amongst the people of this earth that it is time the bankers, coporate greedies and the mega rich give this world back to the people who actually built it with their sweat and blood.

It is our world too and we don't intend to live in your imposed poverty forever.

posted on Mar, 2 2012 @ 09:48 AM
reply to post by willie9696

Please remember these forum rules as they pertain to your post: To stay on topic and also more than one line.
edit on 2-3-2012 by Darkchemistry because: sp

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