Corruption of the Banks and and in the Banking System by Laurens Wright

With the politics and banking going hand in hand, making laws together and acting on each other's behalf, one would have to believe that corruption, greed and fraud would enter the picture. The United States continues to bail out the financial institutions and the International Monetary Fund keeps promising the banking institutions a financial guarantee even of their wrong doings.

The laws that govern banks allow the loans to generate money that is not there in the first place. In other words, the banks create vast amounts of money by the laws that consent and back the creation of wealth for the banks and greedy bankers. The money that is placed by investors can be used to make loans to customers, but does not stop there. The interest of 10% or so is not enough profit for the banks and corrupted politicians that made the laws work in their favor. For the creation of more money, banks must hold a small portion of the investment as reserve in the bank and then the bank can then claim that the rest of the money as an asset. After setting aside the minimum reserve, this money asset can be now loaned out again to another customer. Now, the remaining money from this loan can now be declared an asset and also be loaned out after taking out for the reserve amount. This type of transaction can take place many times and is legal according to our laws.

With the defaults in the loans of houses and property, the banks are trying to piece together how to come up with the revenue that was not there to begin with. The house of cards, the snowball or the dominoes are about to come crashing down. When we look into the situation more, millions were used from this creative finances to give bonuses to the elite and CEO's of the banks. The corruption, greed and dishonesty of those bankers and politicians is just the tip of the iceberg, which could be followed up the ladder in almost all large corporations and institutions.

The March on Wall Street is the out-come of people educating themselves and these people have become enlightened to what is happening. Our retirement, our health care system, our monetary system and our standard of living has been trodden and crushed to the point of failure. The creation of fiat money, the electronic promises and the assault of the working person's benefits has taken a toll on America. The future generations are going to pay the price of the debt caused by the corruption and dishonesty that fraudulent acts of corporations, bankers and institutions have established.