Saturday 27 July 2013

UBS to Pay $885 Million Fine for Pushing Toxic Mortgages

UBS to Pay $885 Million Fine for Pushing Toxic Mortgages

Hitlers bankers get away with it again.
While we were at the Occupy London Bank of Ideas a UBS building,much information came out.
That UBS funded Hitlers war machine until 1944,then when told to stop by the USA it carried on covertly into 1945.
UBS worked with the SS and used concentration camp labour in some of its companies factories.UBS benefitted directly from the melting down of gold teeth from concentration camp victims.
All this info is available online.Why are these banksters not shut down and jailed.
Not to mention the Libor rigging manipulation, that we partly helped to expose through a press conference at the Bank of Ideas and some very hard work from activist researchers from Occupy London.

 The banking giant UBS has agreed to pay a $885 million settlement for deceptively selling mortgage-backed securities to Fannie Mae and Freddie Mac. Under the terms of the deal, UBS does not admit to any liability or wrongdoing and its executives will avoid charges. UBS is among 18 banks pursued by the Federal Housing Finance Agency for dumping the toxic securities that helped cause the nation’s financial crisis. UBS previously paid a $1.5 billion fine for its role in the manipulation of Libor, the basis for rates on trillions of dollars in transactions across the globe

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