Australia charges former bankers from Citi, Deutche, and ANZ with criminal cartel offences

in #politics6 years ago

Australian authorities have charged the former local bosses of Citigroup Inc and Deutsche Bank AG with “criminal cartel offences” over a $2.3 billion stock issue, one of the country’s biggest cases of alleged white-collar crime. The tally of names disclosed on Tuesday showed the ambition of newly empowered antitrust regulator, the Australian Competition and Consumer Commission (ACCC), which revealed on Friday it planned to seek charges against the investment banks over a 2015 share-raising for Australia and New Zealand Banking Group Ltd (ANZ), plus ANZ itself.

More info in the article
https://www.reuters.com/article/us-anz-bank-lawsuit/citi-deutsche-bank-anz-served-with-criminal-cartel-charges-in-australia-idUSKCN1J10P1

My thoughts on this news

It is good to see that there are at least some governments on this planet who are not afraid to lock up rich bankers for their crimes. These banks and the people who run them are worse than cartels, they destroy thousands of human lives with the pushes of a few buttons on their keyboards while the people who make these decisions enrich themselves. They create money out of thin air and make financial decisions that can affect everyone on the planet. The money and debt they create from nothing, the working class has to earn every day by doing slave labor 40 hours per week. Most people on the planet do not even earn a living wage while this rich minority collect interest from the money they created. The entire global financial system is a scam that turns the majority of people into slaves. The only way to remedy this is a decentralized financial system/currency that is owned and controlled by all people not just the elites...

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