What Economic Recovery? More proof the Too Big to Fails are to blame; drug money, violating sanctions, tax evasion

13 December 2012, German officials announced they are investigating employees and executives of Deutsche Bank, for tax evasion and money laundering.   500 investigators descended upon the bank’s Frankfurt headquarters.  At least 25 employees are under investigation and five have already been arrested.  Some of the tax evasion claims involve the bogus carbon tax.

12 December 2012, the U.S. Treasury Department announced that the Japanese bank, Bank of Tokyo-Mitsubishi UFJ, will pay a fine of $8.6 million USD for violating U.S. sanctions against Myanmar, Sudan and Iran.

11 December 2012, HSBC was fined a record $1.9 billion for money laundering, sanctions violations and several people were arrested for the ongoing LIBOR scandal.   U.S. Department of Justice said the British bank laundered money for drug dealers and violated sanctions against Burma, Cuba and Libya.

It’s reported that other banks involved in the LIBOR scandal, such as The Royal Bank of Scotland (RBS) and Swiss bank UBS, are about to make a settlement.

The failed British bank, Northern Rock, cost taxpayers dearly: “This is £270m straight out of the taxpayers’ pocket. I’ve been repeatedly assured in parliament that there was no black hole in Northern Rock. U.K. Financial Investments and the Treasury didn’t know what they were talking about.”-Lord Oakeshott, Liberal Democrat

And let’s not forget the Queen of England’s own bank, Coutts (a division of RBS), which is also involved in money laundering for drug dealers.  Just think, the medical care being provided for Kate Middleton and her unborn baby is possibly being paid for with drug money (as well as taxpayer money) for all we know.