Click to copy, then share by pasting into your messages, comments, social media posts and websites.
Click to copy, then add into your webpages so users can view and engage with this video from your site.
Report Content
We also accept reports via email. Please see the Guidelines Enforcement Process for instructions on how to make a request via email.
Thank you for submitting your report
We will investigate and take the appropriate action.
Bank FORCED To Pay Fine! - Royal Bank of Scotland's CRISIS Era Misconduct. [mirrored]
PLEASE SUPPORT THE CREATOR ( World Alternative Media, https://www.gofundme.com/w3e2es ) OF THIS VIDEO.
And if you then have a little bit of “change" left, I would be very happy about a small donation.
Litecoin: LWbWSJoJDfoNy8hAwkXKEyGs4mYyUX6PMP
Electra: EWMLXFKNYQ1Q8u2buqSiRRt5qgMtbLF46K
Josh Sigurdson talks with author and economic analyst John Sneisen about recent news out of RBS (The Royal Bank of Scotland) as the bank was forced to pay a fine for crisis-era misconduct. The $4.9 billion fine is record breaking and is for misleading investors ahead of the 2008 financial crisis which is certainly nothing out of the ordinary. We are seeing the banks do similar stuff today. When the markets and economy reach peaks, the bankers get desperate. The U.S. Justice Department imposed the fine on RBS saying from 2005 to 2008 RBS "routinely made misrepresentations to investors" who bought securities backed by risky mortgages, concealing their high risk of default. The bank made hundreds of millions of dollars while Freddie Mac and Fannie Mae crashed. In 2017, RBS was forced to pay $5.5 billion in a separate settlement with the Federal Housing Finance Agency. Let's not forget how the banks pushed forward collateralized debt obligations (CDOs) leading up the housing crisis in 2007. Alongside credit default swaps and mortgage backed securities, we saw the bubble expand and burst. They're doing it again and this time it's going to be far worse. They have learned how to better prop up a bubble, centralized market. It'll only get heavier and crash harder. In fact, Goldman Sachs investors just recently won their right to sue over CDOs. It's an infinite cycle. The banks are insolvent/bankrupt and yet we continue to depend on these entities which benefit from our debt. Same as the state. Time to break free, learn how to be self sustainable, independent and financially free. Decentralize everything and rule yourself. Stay tuned for more from WAM! Video edited by Josh Sigurdson Featuring: Josh Sigurdson John Sneisen Graphics by Bryan Foerster and Josh Sigurdson Visit us at www.WorldAlternativeMedia.com LIKE us on Facebook here: https://www.facebook.com/LibertyShall... Follow us on Twitter here: https://twitter.com/WorldAltMedia FIND US ON STEEMIT: https://steemit.com/@joshsigurdson BUY JOHN SNEISEN'S LATEST BOOK HERE: Paperback https://www.amazon.com/dp/1988497051/... Kindle https://www.amazon.ca/dp/B073V5R72H/r... DONATE HERE: https://www.gofundme.com/w3e2es Help keep independent media alive! Pledge here! Just a dollar a month can help us stay on our feet as we face intense YouTube censorship! https://www.patreon.com/user?u=265207... BITCOIN ADDRESS: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU https://anarchapulco.com/buy-your-tic... Use Promo Code: wam to save on your tickets! World Alternative Media 2018 "Find the truth, be the change!"
Category | News & Politics |
Sensitivity | Normal - Content that is suitable for ages 16 and over |
Playing Next
Eric Eggers – Democrats Plan to Cheat in 2018 Midterms. [mirrored]
5 years, 8 months ago
Related Videos
Ex-Diddy Producer Says This Scandal ‘Could Be WORSE Than Jeffrey Epstein’
1 week, 4 days ago
President Trump's latest speech at Mara Lago.
1 week, 5 days ago
Warning - This video exceeds your sensitivity preference!
To dismiss this warning and continue to watch the video please click on the button below.
Note - Autoplay has been disabled for this video.