Internet Anthropologist Think Tank: US banks leading way to world recession.

US Banks involved in LEGAL criminal enterprises are leading the charge into

world recession.

Incorporating in states with out consumer protection laws, usury credit card interest rates

33% to 99%, rates if interest that used to put the Mafia in prisons.

Fraudulent home loans, fake loan application data, bundled then sold to Freddie mac and Fannie may. Which now the government want the tax payers to pay for, lead to the sub-prime debacle.

And through lobbyest trapped the consumers in the criminal interest rate scam by changing the

bankruptcy laws.

The banks had period of record profits and have a major contributor to the coming world recession.

Of course OPEC has contributed with record high oil prices, shooting its self in the foot,

the Opec nations will suffer in this recession also as oil consumption drops during the recession.

Converging vectors:

OPEC,, Banks:
Black Internet ( criminal ) + corrupt credit reporting agency's ( they have the ability to stop ID theft and the CC fraud )
The banks and credit card companies make money off this criminal theft.
Much like the loans made by banks for real estate to bad credit risks, and then sold to Government agencys, the profit for the banks is not in the interest rates but in bundling the loans and re-selling them.(

2007 subprime mortgage financial crisis

.)
The repeal of the

Glass-Steagall Act of 1933

was a good example of the Lobbyist buying the politicians. There were links to the Great Depression and American Banks, hense the

Glass

Steagall Act

of 1933, to seperate banls from the investment arena.
I have seen bank interest rate charges of 99%. Yes thats 99% interest a year. USA used to put the Mafia in prison for that.
Now with banks incorporated in States without consumer protection laws and lobbyist to buy legislation protecting the criminal enterprises the banks are becoming a criminal enterprise enabling criminals and terrorists.
The Mafia just didn't have the right lobbyists.

lGlass-Steagall Act of 1933 and changed the bankruptcy laws.

Anybody know their names?

Gerald
Series 7 & 13

how much value each company lost:

between October 9, 2007 and September 12, 2008.

Here are some of the individual losses by market cap:

Citigroup: $236.7 billion to $97.8 billion.
Bank of America: $236.5 billion to $150.2 billion.
AIG: $179.8 billion to $32.3 billion
Goldman Sachs: $97.7 billion to $61.3 billion
American Express: $74.8 billion to $45 billion.
Morgan Stanley: $73.1 billion to $41.1 billion.
Fannie Mae: $64.8 billion to $700 million.
Merrill Lynch: $63.9 billion to $24.2 billion
Freddie Mac: $41.5 billion to $300 million.
Lehman Brothers: $34.4 billion to $2.5 billion.
Washington Mutual: $31.1 billion to $2.9 billion