Update: Standard & Poor just downgraded the bulk of 37 Global banks here is the complete list. Guess which banks are on it! And we really think these banks have our best interest at hart??
That Bank of America is doomed is pretty obvious. They are too exposed to the inevitable global financial collapse, the unwillingness of judges to let them get away with their foreclosure fraud to survive and with their shares going under the $5 dollar it is pretty clear the end is near.
What makes this interesting for New Zealanders is the following:
John Key holds a big chunk of his wealth (according to the government site) in shares in Bank of America which is arguably one of the most corrupt and vile institutions in the entire banking world. These shares are not held in trust and that means that John Key can keep the info private.
What has transpired is that Goldman Sachs is very interested in the sale of our assets and that Deutsche bank has been appointed as advisers to the NZ crown. Added to that on October 1th 2007 JP Morgan Chase discretely opened a bank here. A year before the 2008 elections.
Here is a list of shareholders of Bank of America, I leave it up to you to find how many times you see the names of JP Morgan chase,Goldman Sachs, and Deutsche bank as direct shareholders and interested parties. I’ll give you one. Paulson the ex-secretary of treasury in the US who was directly responsible for bullying the US senate into the Bailout of $700 billion and who is a Goldman Sachs man recently bought more shares into the bank see if you can find his name there.
Why is this interesting? It shows that at least three banks have the same interests as John Key in maintaining their wealth and that is by buying (preferably for cents on the dollar) real world assets with their collapsing fiat currency.
Still think John Key has no conflict of interest?