Showing posts with label bankofamerica. Show all posts
Showing posts with label bankofamerica. Show all posts

Wednesday, April 25, 2018

Welcome to the robo-bank

March 16, 2018  



Photo by @Bank of America


After swiping my debit card to gain entry to Bank of America's newest branch downtown, I stepped inside, triggering a sensor that alerted a banker 1,000 miles away. The voice of Jackie Otto greeted me. Past a bank of three ATMs and two soundproof videoconferencing rooms stood a flat-screen television, beaming Otto's image from her office in Tampa, Fla.

"Welcome to Bank of America. How can I help you today?" she asks. It can be disorienting, a voice beckoning from across a long, narrow corridor. I assumed Otto was another of the automated voices that have grown ubiquitous, greeting us everywhere from Metra trains and airports to our own kitchens, on devices such as Amazon's Echo.

But there was Otto on the screen, an actual live human wearing a blazer, headset and a smile. She was looking right at me. Just off a video chat with a customer at a branch in Boston, Otto explained she can help customers secure a small-business loan, open a banking account, apply for a mortgage or sketch out a retirement plan. Should ​ I need help with any of those things, she'd send me into one of the branch's two cushy private videoconferencing rooms and connect me with the right specialist, piped in from Tampa or Dallas-Fort Worth.

This tellerless Bank of America branch, which opened March 9, is the company's first in Chicago and one of about 15 nationwide. It's part of the banking titan's campaign to modernize its banks, its real estate footprint and the way it interacts with its increasingly digitally inclined customers. The Charlotte, N.C., company plans to open more than 500 branches over the next four years and redesign 1,500 others to add new technology and alter furnishings and layouts.

Not all of them will look like the location at Jackson Boulevard and Wacker Drive, which company officials describe as a pilot, but Bank of America wants to leverage technology to make branches more efficient, both to help it snip unnecessary costs and better connect with a changing customer. "This is not necessarily the banking center of the future; it's part of an overall strategy," says Sandy Pierce, a Bank of America senior vice president. "We view this as an additional channel where we're making ourselves more available to our customers and being able to reach them in ways that matter most to them."

While most customers who use Bank of America's new high-tech branch conduct their business at its increasingly capable ATMs and don't need to speak with a teller, the ability to connect with a person is a perk, Pierce says. "There's usually no waiting. You can literally walk right in, talk with our virtual concierge, swipe into a conferencing room and meet with a specialist on demand."

But it's also a benefit for Bank of America, which instead of staffing, say, 20 4,000-square-foot branches with 60 bankers, can operate 20 branches a third of that size spread across 20 cities with 20 bankers operating out of central offices somewhere else. The bank points out it is not doing away with its full-service financial centers and in fact plans to hire more than 5,000 employees within the next four years as part of an expansion.

Bank of America's new branches echo a trend happening across the country. Banks of all sizes are unveiling their own branches of the future. BMO Harris Bank opened its pilot version of a tellerless bank in Rogers Park that also uses video tellers. PNC Bank is tinkering with its branch model, axing teller lines and leveraging technology to cut costs. Chase has retrofitted a few dozen of its Chicago-area banks, which boast next-generation ATMs and bankers roaming the floor with tablets. Capital One's branch of the future involves creating co-working spaces where customers can sip espresso and use free Wi-Fi while bankers mingle and pitch the bank's products and services.

"Most big banks have their own 'bank of the future' model, and they're all trying it for the same reasons," says Christian Beaudoin, managing director of research at real estate services firm Jones Lang LaSalle in Chicago. "Customers still need some sort of in-person interaction, but you can still leverage a lot of technology to cut down on staff size and branch real estate costs."

Saturday, March 10, 2012

Mortgage Crisis Inspires Churches to Send Lenten Season Message to Banks

By SAMUEL G. FREEDMAN
Published: March 9, 2012





During the recent weeks of Lent, the Rev. Ryan Bell has led his Southern California congregation into the penitential spirit of the season. He has preached about the prophet Isaiah’s admonition “to loose the bonds of injustice.” He has replaced his church’s ebullient praise songs with somber, reflective music. He has sent his members a list of ordinary comforts to give up until Easter, with suggestions from caffeine to Facebook.





Ramin Rahimian for The New York Times

The Rev. Robert Rien closed a church bank account.



“To right the wrongs of the world is as much a part of the Lenten experience as to repent ourselves,” Mr. Bell, 40, the pastor of Hollywood Adventist Church near Los Angeles said in a phone interview this week. “During this season, when we individually are examining our lives, we think it’s appropriate for the institutions that affect us to examine theirs.”


Across the country, dozens of other clergy members and congregations have taken similar action over the past three years. Beginning with two ministers in a bedroom suburb outside Oakland, the movement has grown to encompass about 25 congregations, according to the PICO National Network, a coalition of congregations involved in social justice that has taken up the campaign. By PICO’s estimate, congregations have withdrawn $16 million, and their individual members and organizational partners an additional $15 million, from banks deeply implicated in the foreclosure crisis — primarily Bank of America, Wells Fargo and JPMorgan Chase.


The effort has become so closely conflated with Lent this year that a group of San Francisco clergy members spilled symbolic ashes outside a Wells Fargo A.T.M. in an Ash Wednesday protest. The ministers called for a “foreclosure sabbatical” invoking the biblical term for the ancient Judaic concept of forgiving debts every seventh year.


The Rev. Richard Smith of St. John the Evangelist, an Episcopal church in San Francisco, likened the divestment campaign and public protests to early Christianity’s ritual of “reconciliation of the penitents.” Far from taking place in the private sanctity of the confessional, that rite occurred in public, with the penitent overseen by a priest and required to present himself before a bishop.


“It seemed like a parallel to us,” said Mr. Smith, 62. “Our banks have done a great deal of damage in a very public way. So it seems appropriate as we enter into a season of penitence that we invite those who separated themselves from the community to repent with us. It’s basically Ethics 101.”


Last month, federal and state officials reached a provisional accord with five banks — Bank of America, Wells Fargo, JPMorgan Chase, Citigroup and Ally Financial — for a $26 billion settlement that includes reducing mortgage principal for homeowners in danger of default because of the steep decline in property values.


T. J. Crawford, a spokesman for Bank of America, said that even before that accord was reached the bank had modified the mortgage loans of one million customers and had met with PICO and other religion-based groups. “We value all of our relations,” he said, “and would prefer dialogue to divestiture.”


For the clergy members and churches active on the foreclosure issue, however, the animosity began building years ago. The current campaign may have had its genesis on the Sunday in 2008 when a 10-year-old girl named Jeannette walked up to her pastor after church to say goodbye because her family was moving.


As soon as the child spoke to him, the Rev. Mario Howell of Antioch Church Family in the East Bay area of Northern California recently recalled, he realized that Jeanette’s parents had not been at worship that morning. What, he asked her, was going on? The girl explained that her mother and father — a teacher and probation officer, respectively — had lost their home to foreclosure.


Soon enough, Mr. Howell said, he heard similar stories from other members, all of them employed, most of them first-time homeowners who had striven to move out of Oakland. During 2010, the church’s monthly intake from tithes and offerings fell by half to $14,000, far below its own mortgage payment of $23,000. Last March, Mr. Howell had to sell the building to a religious order, the Wesleyans, which is allowing the congregation to remain there. The church recently pulled out $175,000 in savings from the local Bank of America branch.


During the same few years, the Rev. Robert Rien of St. Ignatius of Antioch, a Roman Catholic church across town from Mr. Howell’s, was learning that 24 families from the 1,000 in his congregation were threatened with foreclosure. He accompanied many of them to meetings with their mortgage banks to try to renegotiate terms.


“You would’ve thought the collar would have some influence,” said Father Rien, 65. “It didn’t. These people were engineers, accountants, working in medical offices, in the building trades. No matter how they pleaded with the banks, they didn’t find any understanding. It was ruthless behavior. I had the scales pulled off my eyes.”


Father Rien met Mr. Howell through a local interfaith coalition that is part of the PICO network. He wrote about the banks’ behavior in the church bulletin and preached about it from the pulpit. In late 2009, with the endorsement of the congregation’s trustees and pastoral council, he pulled out $135,000 from Bank of America.


“It’s a grain of sand to Bank of America,” Father Rien said, “but we needed to send a message that you can’t do this to people.”


With coverage in the religion media and organizational contacts through the PICO network, that message spread from the East Bay in late 2008 and early 2009, expanding into the national movement of this Lent.


“I can say that it’s caught on, but not enough,” said Mr. Howell, 61. “There’s still not enough churches that understand the plight of their people — that if one family loses their home, it’s like all of us go down.”



E-mail: sgf1@columbia.edu



This article has been revised to reflect the following correction:


Correction: March 9, 2012


A previous version of this story said federal officials had reached a provisional accord with four banks for a $25 million settlement. The agreement was with five banks for a $26 billion settlement.







Source
.

Sunday, January 15, 2012

The Jesuits Against the United States of Israel

This is an expose of the Militia of Zeus and Minerva!

The Jesuits were founded in 1540 for 1 reason: destroy the blessed Reformation. The United States of Israel was not in existence back then but we are now their FINAL TARGET.

Loyola statue in the Vatican.
Loyola statue in the Vatican.

Ignatius LIEola was co-founder of the Jesuits with Francis Borgia, the great-grandson of Pope Alexander VI.

In this statue in the Vatican, Loyola can be seen holding the Jesuit Constitutions while he tramples underfoot a Christian with a Bible . . . and a serpent!!

No one who visits the Vatican can miss the statue of LIEola.
No one who visits the Vatican can miss the statue of Loyola.

It is beyond belief that this visual aid was not removed at the beginning of the ecumenical movement in 1962!

The White Pope and the Black Pope.
The White Pope and the Black Pope.

Jesuit general Adolfo Nicolás is the successor of Ignatius Loyola.

He is the éminence grise behind White Pope Benedict XVI.

He also commands at the Pentagon.

Jesuit headquarters in Rome.
Jesuit headquarters in Rome.

Jesuit generals appoint Popes and then get rid of the uncooperative ones.... Since the official founding of the Jesuits by Pope Paul III in 1540, there has been a total of 46 White Popes and only 30 Black Popes!!

Peter de Smet was the best known U.S. Jesuit of the 19th century!!

Peter De Smet, S.J., was the best known U.S. Jesuit of the 19th century....He is little known today because his pre-1870 hatred of the U.S. is considered an anachronism due to the fact that the Jesuits desperately need the military might of the U.S. in order to recover the Pope's temporal power.

Peter De Smet (1801-1873) at age 37.
Peter De Smet (1801-1873) at age 37.

Black Robe Pierré Jean De Smet was the Jesuits' agent on the Great Plains and the Pacific Northwest.

He hated the pioneers with a passion and sought to exterminate them using his Indian "converts."

Peter De Smet in 1872.
Peter De Smet in 1872.

He traveled to Europe 19 times to seek finances but he never encouraged Latin Church members to emigrate to the U.S.

Everything changed after 1870. Before that time, in the U.S., the intelligent people knew perfectly well that Rome was just a political system disguised as a religion. Christians were doing their utmost to win the Pope's followers to Christ and the Jesuits feared losing this large source of manpower:

At this period in his life (1860), Father De Smet earnestly discouraged migration to America. As he saw the vast numbers of Catholics coming to these shores, and no possibility of supplying them with teachers, he felt that they could not long withstand the influence of Protestantism and that apostasy would exceed the number of conversions. He also advised some of his more intimate friends not to send their children here on account of the total change from the life to which they were accustomed. In Europe they were to a large degree born to their station in life. They would not work in well where boys commenced at the very foot of the ladder, doing the commonest service for the sake of getting a start. Their language would furthermore be against them until they could gain a command of English; and on the whole they would stand little show in competition with the universal adaptability of the American boy. (De Smet, Life, Letters, & Travels, pp. 116-117).

All that changed after 1870. The Fall of the Papal States and the liberation of Rome was the most earth shattering event since the blessed Reformation of 1517. The immigration floodgates opened up!

Statue of Liberty.
Statue of Liberty.

The Statue of Liberty welcoming immigrants was officially unveiled in 1886.

The Ellis Island immigrant processing station was opened in 1892.

Until its closing in 1954, over 12 million immigrants arrived in the country. Most of them were members of the Papal Church.

Ellis Island National Monument.
Ellis Island National Monument.

Most of these immigrants were in violation of the Bull of Pope Alexander VI because none of them obtained a license from the king of Spain.

On the statue is a plaque with a poem by Emma Lazarus containing these words:

Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!

How did these teeming millions become WRETCHED REFUSE? Obviously, they were born to their station in life and there was no possibility of any amelioration!

It is an alarming fact that 1/3 of the U.S. population can trace their ancestry to the immigrants who first arrived in America at Ellis Island before dispersing to points all over the country. Serfs for centuries, the immigrants were used to giving blind obedience to the Papacy and very few of them believed in keeping the Sabbath Day holy.

Despite the millions of immigrants, it was not enough to send Cardinal Al Smith to the White House in 1928. As revenge for that defeat, the Jesuits gave us the Great Depression and World War II.

A. P. Giannini and the Bank of Italy

Amadeo Peter Giannini—son of an Italian immigrant—was born in the fateful year of 1870. In 1885 he began his career as a fruit and vegetable commission merchant on the docks of San Francisco.

In 1904 he opened the Bank of Italy in San Francisco.

A. P. Giannini (1870-1949),
at age 30.

The juggernaut that is known today as the Bank of America got its start in San Francisco in 1904.

Founder A. P. Giannini was the son of a poor Italian immigrant who came to seek his fortune in California.

A. P. Giannini as president of the Bank of America.
A. P. Giannini as president of the Bank of America.

The California gold rush of 1849 was a magnet that attracted people from all over the world. In 1863, Luigi Giannini—father-of A. P.— left his small poverty stricken village in Italy to seek his fortune in the Golden State.

Very few struck it rich and many returned home. Those that remained behind were not given free land as in other states. The vast feudal estates from the Mexican occupation were kept intact and fell into the hands of monopolists:
Through the instrumentality of the Mexican land grants the colonial character of landownership in Spanish-California was carried over, and actually extended, after the American occupation. By the terms of the cession of California to the United States it was provided that previously issued Mexican land grants would be respected. Under Spanish rule only about thirty land grants had been made, but, in 1846, when the United States took possession, over eight million acres of California land were held by some eight hundred Mexican grantees. The connivers, Mexican and American, had rushed through huge grants on the eve of American occupation. Most of these grants were vague, running merely for so many leagues within certain natural boundaries, and, in the confusion of the period, they were imperfectly registered. Many of the grants had never been surveyed, and thus the bars were down for all manner of fraud. Speculators emerged from dusty archives with amazing documents. The grants, purporting to be conveyed by these documents, assumed all sorts of fantastic shapes - for the purpose of roping in the improvements of settlers and the best land. (McWilliams, Factories in the Field, pp. 12-13).

It seems that California was the home of illegal monopolies long before the Bank of Italy.

U.S. citizens did have something in common with the Italian immigrants. They both mistrusted banks. Giannini had a Herculean task in separating his Italians from their money:

Giannini knew from the start that persuading North Beach Italians to deposit their savings in his bank would be an uphill battle. In addition to their preference for dealing strictly in gold, most were deeply suspicious of banks and lacked confidence in the people who either owned or managed them. North Beach Italians had ample reason for their distrust of financial institutions. Back in 1878, for example, a small neighborhood bank, the French Mutual, went into bankruptcy, wiping out the hard-earned savings of scores of Italian depositors. This calamity left a deep impression on the collective memory of the community. Rather than put their trust in a bank, most North Beach residents preferred to keep their savings safely at home, where it was hoarded in cans, jars, and mattresses. (Bonadio, A. P. Giannini, Banker of America, p. 30).

Every state except California outlawed branch banking and interstate banking was strictly prohibited.

Bank of Italy, San Francisco.
Bank of Italy, San Francisco.

The Bank of Italy was determined to expand throughout California.

The first branch bank was opened in San Jose in 1909.

Everywhere it was greeted with suspicion and hostility but nothing could stop the juggernaut.

Bank of Italy, San Jose.
Bank of Italy, San Jose.

Bank employees were called "missionaries".

The same relentless spirit that drove missionary Peter De Smet now possessed Giannini:

The fear and resentment of Giannini's opposition was not difficult to understand. By the early 1920s the Bank of Italy had emerged as an immensely powerful force in the state. A crucial factor was the activity of the bank's Italian Department, which Giannini had established some years earlier and then placed under the direction of Armando Pedrini. Sharing the department's duties and responsibilities with Pedrini was Robert Paganini, a young, energetic, and demanding North Beach businessman who had owned an Italian-language newspaper in Sacramento before joining Bank of Italy. Paganini directed the activities of the department's corps of handpicked solicitors, or "missionaries" as they were called, all of them Italians, whose job was to turn every Italian resident of California into a depositor and stockholder in the Bank of Italy. (Bonadio, A. P. Giannini, Banker of America, p. 76).

By 1928 Giannini had conquered California and his next big move was to conquer Wall Street.

The Bank of Italy became the Bank of America in 1928

The Wall Street bank that Giannini chose for his takeover bid was the successor to the corrupt 1st Bank of the United States which lost its charter in 1811:

Sometime toward the end of 1927 Belden found the kind of large, well-connected bank he felt certain Giannini was looking for: the 116-year-old Bank of America, successor to the Bank of the United States, which had been founded in 1812 and later grew to financial prominence as one of the leading banks of New York. Located at 66 Wall Street, Bank of America occupied the lower five floors of its own thirty-two story, spiral-topped skyscraper that the New York Times had described as "the best known in greater New York and an architecture purely American." Although in recent years Bank of America had experienced serious losses, it was still valuable property, primarily because of its historic reputation and eight city branches with total deposits of $l00 million. (Bonadio, A. P. Giannini, Banker of America, p. 118).

The first bank of the United States was chartered by Congress in 1791. The charter was to last for 20 years.

Alexander Hamilton
(1755-1804).

Secretary of the Treasury Alexander Hamilton conned Congress and President Washington into chartering a bank modeled after the Bank of England.

The object of the bank was to bankrupt the pioneers and prevent the western expansion of the U.S.

Facade of the First Bank of the U.S. in Philadelphia.
Facade of the First Bank of the U.S. in Philadelphia.

Congress refused to renew the bank charter when it expired in 1811. The bank then changed its name to protect the guilty and became known as the Bank of America with headquarters in New York City:

One of the three other banks incorporated in 1812 was organized by the New York stockholders of the Bank of the United States who, wishing to obtain a charter under which the business of the Bank's New York office might be continued, applied for incorporation as the Bank of America. The capital would be $6,000,000, including $5,000,000 of Bank of the United States stock. It would be the largest bank in the States and a gain for New York over Philadelphia in the financial and commercial rivalry that had arisen between them. Being mainly Federalist and possessed of so much capital, the bank was sure to be opposed both by the Republicans who had a legislative majority, and by the existing banks in New York. (Hammond, Banks and Politics in America, p. 162).

War soon followed with England and President Madison renewed the bank charter in 1816.

President Andrew Jackson
President Jackson (1767 -1845).
President from 1829 to1837.

The 2nd Bank of the United States was more corrupt than its predecessor.

Nicholas Biddle was president.

President Jackson fought a titanic battle with the hyda-headed monster and finally slew it.

Jackson slaying the hydra-headed monster of the Second Bank of the United States.
Jackson slaying the hydra-headed monster of the Second Bank of the United States.

He distributed its funds to the states and thereby laid the foundation for the economic expansion of the country.

President Jackson's unflinching determination and unwavering patriotism prevailed over Biddle and his Bank. President Jackson called the Bank a monster and was determined to pull all its teeth. He said:

I am ready with the screws to draw every tooth and then the stumps.

And President Jackson did exactly as he promised. When he left office, the U.S. had a Constitutional currency consisting of silver and gold coins. Our hero called paper money "RAG MONEY" and this is what he said about it:

The paper-money system and its natural associations—monopoly and exclusive privileges—have already struck their roots too deep in the soil, and it will require all your efforts to check its further growth and to eradicate the evil.

California was the land of monopoly and exclusive privileges long before it became part of the United States so it was rich soil for the Bank of America.

Hollywood and the Bank of America

The movie industry in Hollywood actually became a branch office of the Bank of Italy a.k.a. Bank of America. Hollywood movies led the moral decline of the nation. Western movies distorted the image of the Christian pioneers and gangster movies glorified crime and corruption.

Hollywood became a branch of the Bank of America in 1930.
Hollywood became a branch of the Bank of America in 1930.

In 1930, Hollywood became a branch of the Bank of America when Giannini became a major studio financier.

Hollywood played a major rôle in the collapse of Christian morals in the U.S. and around the world.

Giannini with movie mogul Joseph Schench and director Cecil B. De Mille.
Giannini with movie mogul Joseph Schench and director Cecil B. De Mille.

Taking advantage of the Great Depression, Giannini jumped right in as a major studio financier:

With Hollywood desperately in need of financing, Giannini moved quickly to increase Bank of America's presence in an industry of enormous importance to the economic vitality of Los Angeles. As early as 1930, he authorized a loan of $3 million for two of Hollywood's most aggressive producers, Darryl F. Zanuck and Joseph Schenck, to form a new production company, which became 20th Century-Fox two years later. Schenck, who sat on Bank of America's board of directors, persuaded Giannini that Zanuck's drive and talent as a movie producer was justification enough to make loans available to him. With $400,000 in Bank of Italy money, Zanuck worked furiously to rush six films into production, including such financial successes as The Bowery, The House of Rothschild, Cardinal Richelieu, and Bulldog Drummond Strikes Back. By the end of the decade 20th Century-Fox had expanded into a $60 million studio and was turning out some of Hollywood's biggest box-office attractions. (Bonadio, A. P. Giannini, Banker of America, p. 118).

Khazar Joseph Schenck was a major movie mogul and he launched the film career of actress Marilyn Monroe.

Gone with the Wind poster.
Gone with the Wind poster.

The 1939 blockbuster movie Gone with the Wind was based on the book by Margaret Mitchell.

In the movie, the Confederates were the HEROES, while the brave Union soldiers were the VILLIANS!!

At that time, the producer had to get special permission from the censor to use the curse word DAMN in the movie!!

Giannini on the set of Gone with the Wind with Vivien Leigh.
Giannini on the set of Gone with the Wind with Vivien Leigh.

In 1939 the Bank of America panicked when a book entitled Factories in the Field was published. The book was about the exploitation of migrant farm workers, and the ownership of the mega-farms by Bank of America:

When one realizes that approximately 50 per cent of the farm lands in Central and Northern California are controlled by one institution—the Bank of America—the irony of these "embittered" farmers deeding their "homes" against strikers becomes apparent. (McWilliams, Factories in the Field, p. 233).

The 2 books were published within months of each other. Unlike Steinbeck, McWilliams was not an employee of the Bank of America.

Author Carey McWilliams (1905-1980).
Author Carey McWilliams
(1905-1980).

Lawyer Carey McWilliams was very concerned about the growth of FASCISM in California.

In 1939, he wrote a book entitled Factories in the Field about the exploitation of farm labor.

The public relations conscious Bank of America PANICKED.

Author John Steinbeck (1902-1968).
Author John Steinbeck
(1902-1968).

The bank countered by publishing a FICTION book by John Steinbeck entitled Grapes of Wrath.

Grapes of Wrath soon became a bestseller and was made into a movie in 1940. As expected, the book by Carey McWilliams was soon forgotten.

Grapes of Wrath by Steinbeck.
Grapes of Wrath by Steinbeck.

The fictional Grapes of Wrath quickly became a bestseller and was made into a movie by Darryl F. Zanuck in 1940.

As expected, Factories in the Field was forgotten.

It was a great victory for the public relations department of the Bank of America.

Grapes of Wrath starring Henry Fonda was made into a movie in 1940.
Grapes of Wrath starring Henry Fonda was made into a movie in 1940.

The list of Jesuit Bank of America produced Hollywood movies denigrating the Christian Faith is legion. We can only cover a few.

Inherit the Wind was a parody of the Biblical story of Creation.
Inherit the Wind was a parody of the Biblical story of Creation.

The 1960 hit movie Inherit the Wind was based on the 1925 Scopes "Monkey" Trial.

It ridiculed the Genesis account of creation.

The 1960 movie Elmer Gantry was about sawdust salvation or a drunken "Christian" traveling salesman who seduces a psychic female tent evangelist.

Elmer Gantry was about sex, sin, and salvation.
Elmer Gantry was about sex, sin, and salvation.

Elmer Gantry was based on a 1927 FICTION novel by Sinclair Lewis. Gantry, and ex-seminary student, becomes a skeptic when he is required to believe that Joshua made the sun stand still. At the end of the book, Gantry finds "salvation" in the Latin Church.

The Hollywood Western movies were no better. According to Hollywood, the center of town in the Old West was the SALOON . . . and not the CHURCH!

The Military-Banking Complex

In his farewell address to the U.S. people, President Eisenhower warned of the military-industrial complex. He wasn't very far off the mark and the real danger is the military-banking complex:

In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. (President Eisenhower's Farewell Address).

The War of Independence with Great Britain began over the stationing of a standing army in Boston.

The giant Pentagon standing army headquarters in Washington City!!
The giant Pentagon standing army headquarters in Washington City!!

The behemoth Bank of Italy a.k.a. Bank of America has come a long way from the waterfront of San Francisco.

The Pentagon has ONE goal and that is to follow Napoleon and Hitler in the attempted conquest of Russia.

Bank of America headquarters in Charlotte, North Carolina.
Bank of America headquarters in Charlotte, North Carolina.

The restoration of the Pope's temporal power would automatically follow the conquest of Russia!!

A standing army and a banking monopoly go hand in hand. It wasn't until after the founding of the Bank of England in 1694 that Great Britain began to maintain a standing army.

The best way to beat the Pope's fanatics whether Latin or Muslim is to be always ready to die as President Lincoln advised:

But I see no other safeguard against those murderers but to be always ready to die, as Christ advises it. As we must all die sooner or later, it makes very little difference to me whether I die from a dagger plunged through my heart or from an inflammation of the lungs. (Chiniquy, Fifty Years in the Church of Rome, pp. 706-707).

This expose is continued on the Jesuit/Indian War Against the United States of Israel.


References

Bonadio, Felice A. A. P. Giannini, Banker of America. University of California Press, 1994.

De Smet, Peter. Life, letters and Travels of Father Pierre-Jean de Smet, S.J., 1801-1873.

Hammond, Bray. Banks and Politics in America from the Revolution to the Civil War. Princeton University Press. 1957.

Laveille, E, The Life of Father De Smet, S.J. Loyola University Press. Chicago, Illinois, 1981.

McWilliams, Carey,Factories in the Field. The Story of Migratory Farm Labor in California. Little, Brown & Co., Boston, 1939.

Richardson, Peter. American Prophet: The Life and Work of Carey McWilliams. University of Michigan Press. Ann Arbor, Michigan, 2005.


Copyright © 2010 by Niall Kilkenny



Source


Sunday, December 04, 2011

The Pope's Three Banks In America


by Sherman H. Skolnick
July 12, 1999

from SkolnicksReport Website

Franklin National Bank

Continental Bank of Chicago

Bank of America


At one time the Pope owned three major banks in America, New York, Chicago, and San Francisco.

In New York, St. Peter's banker Michael Sindona, ran the Franklin National Bank as a huge gambling device and money laundry. The bank collapsed in 1974 and was taken over by a group of European banks with the Vatican losing supposedly part of their grip.

Sindona was sent to an American prison for fraudulent banking. Later, he was extradited to Italy on more charges. He began talking too much. The Pope silenced him in an Italian jail - murdered with a poisoned cup of coffee. [See: "St. Peter's Banker", by Luigi DiFonzo.]

By the way, the same method they used to murder Chicago's first black Mayor, Harold Washington, 1987 and replaced him as Mayor with the Vatican's "man of trust", Richie Daley, son of late Richard J. Daley who had been mayor for some 21 years. Harold when re-elected in 1987 said he was going to take over Commonwealth Edison, the local electric monopoly owned principally by the Vatican, and run it as municipal electricity at a very cheap price to Chicago residents.

That was one of several motives to poison Harold Washington. We were the only ones publicizing it through our Cable TV Show later on.

Sindona and his confederate successors also ran, for the Pope, the Continental Bank of Chicago [by about 1996 merged with the Pope's Bank of America]. All the Catholic Churches of the Western Hemisphere run their money through THAT bank.

After all, the Archbishop of Chicago is also the Treasurer, for the Church, for ALL OF,

  • NORTH AMERICA

  • CENTRAL AMERICA

  • SOUTH AMERICA

In the early 1980s, Continental Bank, through their holding company owed some 20 Billion Dollars to the Japanese including their mafia, the Yakuza who had put in flight capital [hot money]. Continental could not repay, so the Japanese in May, 1984, started a run on the bank and its holding company, Continental Illinois.

Result?

A consortium of banks, headed by J.P. Morgan and Company, took over - with the Pope losing part but not all of his control. [I was the first to publicly estimate the amount of the bank run, which turned out to be quite accurate.]

The Morgan banks are the front for British Royalty and the Queen, who for over 100 prior years always had a director sitting to supervise Continental. Through Continental Bank, however, the Vatican continued to oversee Panama's General Noriega, and his joint secret business deals with George Herbert Walker Bush. So, when the U.S. invaded Panama,1989, Noriega naturally sought refuge in the Vatican papal office and branch of the Vatican Bank in Panama.

The U.S. Military used psychological warfare, including super hard-rock music, to drive Noriega out.


[In his book entitled "In God's Name", David Yallop tells how Italian newspaper editors criticized the Pope for doing nothing about Continental Bank and their links to the mafia. Yallop documents how the previous Pontiff, Pope John Paul 1st,opposing the mafia, was murdered after 33 days in office.]


The Justice Department's record-grabbers have descended on Continental Bank, seeking to destroy incriminating records that would put President Bush in the same jail cell with his CIA business partner, General Noriega.

By the way, Panama, under General Noriega, was the ONLY country in the Western Hemisphere run by a dark-skinned person. Noriega was popular with the bulk of those in Panama, who are people of color. It was only the small, white aristocracy there that wanted him removed. They used the branches of worldwide banks there to skim-off loot from dope and gun running. Noriega was really just a small-time, semi-independent tyrant.

Helping supervise Continental Bank has been the Vatican's "man of trust" [trusted to keep their business secrets], Chicago Federal Appeals Judge Walter J. Cummings, Jr. [he died about 1999].

For many years Cummings was chief judge of that Court made up primarily of banker-judges. Judge Cummings steered cases on to his fellow banker-judges who do NOT disqualify themselves in cases involving their financial interests.

Guess who wins in their crooked court? [Cummings was replaced as Chief Judge by Richard A. Posner. See our story, "Chief Crook Enters Microsoft Mess".]

For many years the major owners of Bank of America and their holding company, Bank America, were the Jesuits and the Vatican, and their long-time cronies, the Rothschilds. Like Continental Bank up to 1984, they owed tens of Billions of Dollars to the Japanese mafia, the Yakuza who own most of the other sizeable banks in California.

In the late 1980s, Bank of America was faced with a run, so they have quietly given over most of the control to the Japanese Yakuza.

Although the Pope has lost much of the control of the three banks in America, the Pontiff continues as the major owner in nuclear power utility firms in the U.S., including Commonwealth Edison and Florida Power [through a Dutch front for the Vatican, called Robeco.]

Under the Atomic Energy Act, it is illegal for a FOREIGN entity, such as the Vatican, to own nuclear facilities in America.

The law is not enforced. See: my story "The Electric Scandal".



Fuente


Friday, August 26, 2011

Buffett's one-day win on Bank of America: $357 million


CBC.ca
CNNMoney - 33 minutes ago
by Maureen Farrell August 26, 2011: 12:41 PM ET NEW YORK (CNNMoney) -- Warren Buffett earned $357 million in paper profits on Thursday simply on warrants ...


CBC.ca
MarketWatch - 13 hours ago -
Warren Buffett, the Oracle of Omaha, has plunged $5 billion into Bank of America /quotes/zigman/190927/quotes/nls/bac BAC +3.25% . ...

Thursday, December 09, 2010

Wikileaks are for-hire mercenaries – Cryptome

http://www.youtube.com/watch?v=70pmhZHy6eQ&feature=player_embedded


http://www.youtube.com/watch?v=p3XE448dfXA&feature=player_embedded

COLONEL SIXX: WIKILEAKS IS ABOUT TO DROP INFORMATION ON THE VATICAN. THE VATICAN IS THE MODEL FOR ALL INTELLIGENCE AGENCIES IN THE WORLD.

THEN BANK OF AMERICA RECORDS THAT ARE GOING TO BREAK THE BANKING INDUSTRY DOWN.

Source

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Saturday, October 02, 2010

Bank of America to Freeze Foreclosure Cases


DAVID STREITFELD

Published: Saturday, October 2, 2010 at 6:01 a.m.
Last Modified: Saturday, October 2, 2010 at 5:09 a.m.
( page of 4 )

Bank of America, the country’s largest mortgage lender by assets, said on Friday that it was reviewing documents in all foreclosure cases now in court to evaluate if there were errors.

It is the third major lender in the last two weeks to freeze foreclosures in the 23 states where the process is controlled by courts.

But Bank of America went further than the first two lenders, GMAC Mortgage and JPMorgan Chase, which have said they will amend paperwork only in cases they think were improperly done. So far, that has amounted to only a handful of cases.

Bank of America, in an e-mailed statement, said it would “amend all affidavits in foreclosure cases that have not yet gone to judgment.”

That could mean tens of thousands of foreclosure cases would be in limbo for months or, if the consumers in default hire lawyers, years.

Spokesmen for the bank said that they were uncertain how many cases the lender currently had in court. They provided no timeline or explanation for the freeze, saying only that the bank planned to eventually resubmit all the cases.

The moratorium is likely to further fuel the uproar over the foreclosure tactics of the big lenders, which continued to have political ramifications on Friday.

Before Bank of America’s announcement, Richard Blumenthal, the Connecticut attorney general, asked judges in his state to put a halt to all foreclosures for 60 days. Connecticut is one of the 23 states where foreclosure is a judicial matter. Others include Illinois, Florida, New Jersey and New York.

Mr. Blumenthal, who is running for senator in Connecticut, said the freeze “should stop a foreclosure steamroller based on defective documents and enable effective remedies.”

California’s attorney general, Jerry Brown, said that Chase should stop any foreclosures in the state until it proved that it was following the law. Mr. Brown, who is a candidate for governor, earlier made the same demand of GMAC.

In California, lenders generally pursue foreclosures outside of the court system, so they are presumably still proceeding with evictions. Chase declined to say whether it would comply with Mr. Brown’s comments.

Chase said this week that it had frozen 56,000 foreclosure cases. GMAC, which is largely owned by the Treasury after receiving $17 billion in federal bailout money to prevent its collapse, has repeatedly declined to say how many cases it is halting.

The nation’s two other major lenders, Citi and Wells Fargo, have issued statements maintaining they have no problems with their cases.

The problem for all the lenders that have announced moratoriums stems directly from their attempt to deal with an unprecedented number of foreclosures.

According to LPS Applied Analytics, a mortgage data firm, 2 million households are in foreclosure. Another 2.37 million households are seriously delinquent and waiting for their lender to take action.

Sometimes these loans are still owned by the lender but often, the banks are merely the loan servicer acting on behalf of the owner. Many of the loans are owned by Fannie Mae and Freddie Mac, the mortgage holding companies now controlled by the Treasury. In other cases the loans have been sold to private investment pools.

Confronted with so many cases, the lenders tried to process them on a wholesale basis, with the goal of avoiding the expense of a full trial and instead getting summary judgments.

The tool for doing this was the so-called robo-signers, in which midlevel bank executives would sign thousands of affidavits a month attesting that they had personal knowledge that the facts of the case were as presented. The affidavits were prepared by lawyers who were paid a flat fee, which also placed a premium on volume.

When defense lawyers started deposing these robo-signers, they acknowledged that they could not possibly have knowledge of all the cases. The banks say this is a technicality and they will refile the proper affidavits. The defense lawyers say the practice calls the cases, and indeed the entire process, into question.

Thomas Lawler, a housing economist, said the current mess was predictable and probably inevitable. Lenders made their money by making loans and then simply and efficiently servicing them by collecting the checks every month. They were never prepared to deal with the labor-intensive problems of delinquency and foreclosure.

“However, the foreclosure crisis is now almost three years old, and not having staffed up sufficiently to deal with the problems with inadequate staffing borders on criminal,” Mr. Lawler said. “I mean, jeepers, look at the unemployment rate; how hard would it have been to hire more folks?”

Mark Stopa, a Florida lawyer who represents defaulting homeowners, said the magnitude of the current troubles depends on how title insurance companies react. If those firms begin to shy away from insuring foreclosed properties because they think those properties are vulnerable to claims, he said, the entire housing market could suffer.

“Judges have to force banks to do foreclosures correctly,” Mr. Stopa said. But he noted that would require a significant increase in staff. “I’ll believe it when I see it,” he said.

Stocks of the major title insurance companies dropped on Friday amid concern that their business would suffer as a result of the foreclosure freezes. Fidelity National Financial fell more than 4 percent, while First American Financial dropped 3 percent.

One firm, Old Republic National Title, said this week it would not issue policies on GMAC foreclosures until further notice.

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Wednesday, December 02, 2009

Bank Of America Exceeds $1 Billion In Lending And Investing To Community Lenders


By PR Newswire 11/24/09 - 07:00 AM EST


CHARLOTTE, N.C., Nov. 24 /PRNewswire/ -- Bank of America today announced it surpassed the $1 billion mark in loans and investments to more than 120 Community Development Financial Institutions (CDFIs) in 37 states.




CDFIs include credit unions, investment funds and niche banks that focus on low-income and disadvantaged communities. These local institutions have expertise in evaluating risk and lending and investing in small and micro businesses, charter schools, childcare centers, primary health care facilities, projects on Native American lands, and arranging pre-acquisition and development loans for low-income housing.


"Bank of America is investing more in community-based institutions because small businesses, nonprofit organizations and other local efforts are the engine for job growth and economic activity in our cities and towns," said Andrew D. Plepler, Bank of America's global corporate social responsibility and consumer policy executive. "CDFIs are one of the best channels to reach these organizations."


According to Opportunity Finance Network, the leading network for CDFIs, these institutions provide more than $30 billion in capital to underserved communities with positive results every year. This funding goes to more than 9,000 small businesses, 57,000 affordable housing units, and almost 700 new community facilities, including schools, child care centers and health care facilities, and helps create more than 34,000 jobs.


"Bank of America is the single largest investor in CDFIs. They understand the important role these institutions play in delivering capital for housing, businesses and nonprofits in underserved markets," said Mark Pinsky, president and chief executive officer of Opportunity Finance Network . "We are excited but not surprised to hear Bank of America has lent more than $1 billion to our organizations."


Bank of America's work with CDFIs is part of its 10-year, $1.5 trillion lending and investing goal, which demonstrates its ongoing commitment to addressing the critical needs of local communities.


Bank of America and Community Development
Bank of America is a longtime leader of community development and homeownership preservation efforts as noted through six consecutive "outstanding" Community Reinvestment Act (CRA) ratings. In 2009, the company commenced its 10-year, $1.5 trillion community development lending and investing goal – the largest ever established by a U.S. financial institution – focused on affordable housing, small business/farm lending, consumer lending and economic development. Bank of America has provided more than $35 million through its Neighborhood Preservation Initiative to aid distressed homeowners and stabilize communities, increasing capacity of nonprofits for foreclosure prevention counseling and the acquisition, rehabilitation and resale of foreclosed properties. The company also created new streamlined guidelines for government agencies using federal Neighborhood Stabilization Program (NSP) grants to more efficiently acquire foreclosed properties. Key to these efforts is Bank of America's commitment to offer loan modifications to as many as 630,000 borrowers over a three-year period, representing more than $100 billion in mortgages.


Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 53 million consumer and small business relationships with 6,000 retail banking offices, more than 18,000 ATMs and award-winning online banking with more than 29 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.



SOURCE Bank of America



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