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Bank
From Wikispooks
 Bank    | |
|---|---|
 | |
| Interest of | Bronson Cutting |
Contents
Official narrative
Banks provide financial services and products which people and companies need. They have been given the right to produce money from thin air by governments, who cannot be trusted with this power.
Funding for "terrorism"
Widely reported to promote "terrorism",[1] to profit from money laundering, banks are also recported to be reliant upon the illegal drug trade.[citation needed]
Examples
Related Quotations
| Page | Quote | Author | Date |
|---|---|---|---|
| Bronson Cutting | “The fight against the abolition of the credit power of private banks will be a savage one, for their power as a unit is without equal in the country. Knowing this is why I think back to the events of March 4, 1933, with a sick heart. For then, with even the bankers thinking the whole economic system had crashed to ruin, the nationalization of banks by President Roosevelt could have been accomplished without a word of protest. It was President Roosevelt’s great mistake. Now the bankers will make a mighty struggle.” | Bronson Cutting | |
| Regulatory capture | “Probably most people would agree that the people paid by the U.S. government to regulate Wall Street have had their difficulties. Most people would probably also agree on two reasons those difficulties seem only to be growing: an ever-more complex financial system that regulators must have explained to them by the financiers who create it, and the ever-more common practice among regulators of leaving their government jobs for much higher paying jobs at the very banks they were once meant to regulate. Wall Street's regulators are people who are paid by Wall Street to accept Wall Street's explanations of itself, and who have little ability to defend themselves from those explanations.” | Michael Lewis | September 2014 |
