A Truth Journal: Wall Street Bankers Pressuring EU Cyprus Bailout, Causing Run on Banks?

A Truth Journal: Wall Street Bankers Pressuring EU Cyprus Bailout, Causing Run on Banks?: From Denny:  What a political and financial mess.  Germany at the helm of insistence and the EU bankers actually thought they could slap a 10 percent tax to fund a bailout for the country's banks on all depositors in Cyprus and not get any real push back.  You see, the cover story was that Germany and the EU bankers didn't want to underwrite the Russian oligarchs since 40 percent of Cyprus' banks contain money from foreigners.

Cyprus is commonly suspected as a money laundering site and tax evasion for Russian criminals.  What these greedy bankers got for their stupid move was a run on the all the banks as people flooded the ATM machines to withdraw all of their cash they could retrieve.  That was the fun on the weekend because the banks had frozen everyone's accounts and then closed on Monday to prevent getting at their own funds.  Wouldn't that make you angry too?

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Videos: Hidden Bank Practices Regarding Deceptive Fees

From Denny: This will get your blood boiling fast for sure! Educate yourself how to handle your banking relationship as American and European banks work overtime to make the consumer pay for the bank's bad investment choices.

Note: Royal Bank of Scotland took bailout money from two countries - America and the United Kingdom and then had the nerve to tell everyone they were refusing to loan any money to the same taxpayers, preferring to apply the bailout money to its profit line.

There are several videos on this subject to give you an overview of how the banking trend has been developing for some time and appears to not to be going away any time in this generation unless the public gets serious about pushback.


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Why are banks raising their fees? This was reported 17 July 2009 and explains the banking position which Americans are so angry about getting caught in like a vice grip:


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This was reported at the beginning of American ire against the banks right after the taxpayer bailouts infuriated everyone:


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This video goes all the way back to 10 June 2005, discussing bank fees. Note that this is about 10 months after Hurricane Katrina hit, causing economic devastation that reveberated throughout the economy. Banks have been getting to the consumer for five years now!


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Note: The reason I use NBC News and CNN videos the most is that they do a better job than CBS News by taking care of their links and keep the stories up longer. Apologies to anyone who finds sometimes these two older CBS videos might not work.

Video: Pushing Back Against Big Business Banks Outrageous Practices

From Denny: I've been wondering how long it was going to take someone to start a Pushback Revolution against Big Business Banks. Let's not forget that Britain's Royal Bank of Scotland took money from TWO governments and has joined in with the USA banks to jack up good credit customers' rates. The new strategy after Congress passed anemic credit card legislation this past year is to fee everyone to death while taking government bailout monies to pad their profit bottom line.

This lady is frustrated with Bank of America. Too many of America's banks got in mindset lockstep to gouge the American consumer. They think they will actually retain these customers and have plenty of business for the future! I doubt it. Why? Because just recently the Obama economic guys came out to say they expected American debt to go down by about $4 billion. Guess what, it went down by about $20 billion. What a shock.

It's obvious America is getting off credit cards as fast as they can pay off debt. You won't see a return to business as usual for probably generations, as long as someone is alive to remember how the middle class is getting royally screwed in the wallet by big business and banks.