Major large banks reportedly hiding looted wealth of Africa.

[dixiegrrrrl]

"No effort has been made by the political elite in Europe and America to force the banks to return these stolen monies because they are often the shareholders and beneficiaries of profits made by these banks. They have no agenda to combat corruption as that would mean no fat dividends for them and no cheap credits for their citizens."


This is a report from the Wikileaks page.

And guess what? All that Nigerian money really is locked up out of country.

Hell of a read, on any levels. Highly recommend this.

http://wikileaks.org/wiki/Hiding_Africa%27s_Looted_Funds:_The_Silence_of_Western_Media

[Hawkowl]

1. Neo-colonialism

I think we can group Neo-liberalism and Neo-Conservatism under the rubric of Neocolonialism. The United States just has a really efficient brand of colonialism combined with fascism. We just let the US corporations run rampant over the world.

[jwirr]

2. I believe that - Swiss banks have been hiding money stolen by

dictators for years.

[dixiegrrrrl]

3. Not JUST Swiss banks, is the point of the story.

The banks in Europe and America that aided, abetted and provided sanctuary for Abacha´s $4 billion stolen funds are: Australia and New Zealand Banking Group, ANZ, London Branch; Bank Len, Zurich; Bankers Trust Company, London; Bankers Trust Company, Frankfurt; Bankers Trust Company, New York; Banque Barring Brothers, Geneva; Bank in Liechtenstein A. G. Vaduz; Barclays Bank, New York; Barclays Bank, London; Banque Edouard Constant, General; Banque Nationale De Paris, Geneva; Banque Nationale De Paris, London; Banque Nationale De Paris, Basle; Citibank N. A. London; Citibank N. A. New York; Citibank N. A. Luxembourg; Citibank Zurich; Credit Lyonnais , New York; Credit Suisse , New York; Credit Suisse, General; Credit Suisse, Zurich; Deutche Morgan Grenfell, Jersey; FIBI Bank (Schweiz) A. G. Zurich; First Bank of Boston , London; Goldman Sachs and Company, Zurich; Gothard Bank, Geneva; LGT Liechtenstein Bank, Vaduz; Liechtenstein Landesbank, Vaduz; M. M. Warburg and Company, Luxembourg; M. M. Warburg and Company,Zurich; M. M. Warburg and Company, Hamburg; Merrill Lynch Bank, New York; Merrill Lynch Bank, Geneva; Midland Bank, London; National Westminister Bank, London; Paribus, London; Paribus, Geneva; Royal Bank of Scotland , Leeds; Standard Bank London Limited, London; UBS AG, Zurich; UBS AG, Geneva; Union Bancaire Privee, Geneva; Union Bancaire Privee, London; London Branch; Verwaltungs Und Private Bank A. G., Vaduz; and ANZ, New York; ANZ, Frankfurt. Source: Tell Magazine, October 7, 2002.