Is the U.S. Targeting Allies That Are Too Cozy With Russia?

Posted on July 23, 2014 by RonMamita — 1 Comment

Reports about the U.S. government punishing France (BNP Paribas), and now Germany (Deutsche Bundesbank) has many of us asking is this retaliation for being too cozy with the Russians? ~Ron

Morning Agenda: Deutsche Bank Rebuked

by SYDNEY EMBER Posted 23 Jul 2014
http://dealbook.nytimes.com/2014/07/23/morning-agenda-deutsche-bank-rebuked/?_php=true&_type=blogs&_r=0

Deutsche Bank’s primary regulator in the United States is said to have found serious problems with the bank’s financial reporting procedures and oversight, Matthew Goldstein writes in DealBook. Jordan Thomas, a lawyer who represents a former Deutsche Bank risk analyst who filed a whistle-blower claim against the bank, said that the regulator, the Federal Reserve Bank of New York, sent a letter in December to officials at the German bank notifying them of the findings of its review. American depositary receipts of Deutsche Bank fell nearly 3 percent in late trading on the New York Stock Exchange. Shares lost about 0.6 percent in early trading in Frankfurt on Wednesday.

Mr. Thomas said he had seen a copy of the letter, and it directed Deutsche to fix problems in its financial reporting procedures ‒ problems the letter said had existed for several years. The letter coincided with a push by United States regulators for banks, especially ones based overseas, to be held to the same capital requirements as American banks. Deutsche Bank, one of Europe’s largest banks, was a forceful opponent of the Fed’s push to force foreign banks to comply with the same capital requirements as domestic banks.

Mr. Thomas said the New York Fed’s findings were consistent with complaints raised by his client, Eric Ben-Artzi, in a whistle-blower action filed with the Securities and Exchange Commission in 2011. Mr. Ben-Artzi, a former quantitative risk analyst, told the agency he had evidence that Deutsche Bank had hidden billions of dollars in losses to avoid a potential bailout during the financial crisis. The complaint by Mr. Ben-Artzi and a similar one raised by another former Deutsche Bank employee, Matthew Simpson, are the focus of an investigation by the S.E.C. that is believed to still be active.

Barclays PLC and Deutsche Bank AG Hit With Yet More Bad News

By Rupert Hargreaves https://uk.finance.yahoo.com/news/barclays-plc-deutsche-bank-ag-103334010.html

It seems as if the whole world is turning against Barclays (LSE: BARC) (NYSE: BCS.US) right now. After coming under attack for misleading investors about its dark pool trading venue, Barclays is now under investigation for helping hedge funds avoid billions in US government taxes.
Complex products Barclays

It was revealed yesterday that Barclays and the bank’s European peer, Deutsche Bank, had been helping hedge funds avoid US taxes. These revelations were made in a report published by the Senate permanent subcommittee, about investigations conducted by the Committee on Homeland Security and Governmental Affairs.

According to the report, the two banks were using a method called “basket options” to hide the trading activities of hedge funds. Simply put, these options allowed hedge funds to hide their trading profits in each banks own accounts. Hedge funds then collected a lump sum payout at the end of the year.

As a result, hedge fund profits collected from these basket options were taxed as long term capital gains, rather than short term trading profits, which are taxed at a higher rate.

Between 1998 and 2013, both Barclays and Deutsche are estimated to have sold 199 of these basket options, encompassing more than $100bn in trades.
Unclear repercussions

Read More: uk.finance.yahoo

About RonMamita

Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People on Earth will solve our crisis and create an era of Creativity. Be Aware; Be Creative; Be Active; Be Free; and then Share it. LOVE & Wholeness AMOR y Paz

Tagged with: abuse of power, all wars are banker's wars, alliance, allies, ally, banking, banking and finance, banking cartel, banking crisis, BNP Paribas, BRICS, concentration of power, control, corporate policy, corruption investigations, Criminal Investigations, currency war, Debt Crisis, deception, Deutsche Bank, Deutsche Bundesbank, Economic sanctions, federal reserve, Financial Investigations, france, geopolitics, germany, government debt, hidden agendas, institutional crime, isolate, isolation, national debt, NATO, New York Fed, policy enforcer, regulated abuse, regulated racket, russia, Russian Federation, sanctions, SEC, Securities and Exchange Commission, sleuthing, system of control, system of crime, too big to fail, trade secret, trade war, treaty, u.s., united states, war
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One comment on “Is the U.S. Targeting Allies That Are Too Cozy With Russia?”

RonMamita says:

July 26, 2014 at 8:32 pm

Jim Willie-We Got a Monster Recession of -6% or -7% Right Now

Posted 22 Jul 2014
The so-called “recovery” the mainstream media has been harping on for years is a lie, according to the Editor of The Hat Trick Letter, Jim Willie. He proclaims, “I believe the U.S. has gone into a recession that it is not going to get out of until the dollar is gone. When you factor inflation in properly . . . we got a monster recession of -6% or -7% right now. I don’t think it will get better until the dollar is disposed of. So, we’re entering the final phase of the dollar.”

In closing, Willie says, “You want to get rid of political obstacles? Go straight to commerce and trade. Why is it that Exxon Mobil is still doing projects in the Artic and still doing projects in the Black Sea, which is Crimea, with the Russians and their energy companies? We [the U.S. government] already got the U.S. energy companies defying our [their] own sanctions, and yet we [U.S. gov] are prosecuting French banks for doing the same thing. This is insane. We [U.S. gov] are losing control.”

*[NOTE: near the 19:20 que Jim hypothesize the U.S. gov pressured the French BNP Paribas bank because the French bank was massively assisting countries such as Russia and other nations to dump treasury bonds…]

Rob Kirby: Significant Advances in Gold & Silver Prices

Posted 20 Jul 2014

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