{"id":10074,"date":"2015-07-15T06:49:35","date_gmt":"2015-07-15T11:49:35","guid":{"rendered":"http:\/\/olduvai.ca\/?p=10074"},"modified":"2015-07-15T06:49:35","modified_gmt":"2015-07-15T11:49:35","slug":"santa-cruz-county-votes-to-cease-doing-business-with-five-tbtf-mega-banks","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=10074","title":{"rendered":"Santa Cruz County Votes to Cease Doing Business with Five TBTF Mega Banks"},"content":{"rendered":"<h3 class=\"post-title\"><a href=\"http:\/\/libertyblitzkrieg.com\/2015\/07\/14\/santa-cruz-county-votes-to-cease-doing-business-with-five-tbtf-mega-banks\/\" target=\"_blank\">Santa Cruz County Votes to Cease Doing Business with Five TBTF Mega Banks<\/a><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-25437\" src=\"http:\/\/libertyblitzkrieg.com\/wp-content\/uploads\/2015\/07\/Screen-Shot-2015-07-14-at-3.23.09-PM-1024x684.jpg\" alt=\"Screen Shot 2015-07-14 at 3.23.09 PM\" width=\"380\" height=\"254\" \/><\/p>\n<p>This is impressive. Very, very impressive.<\/p>\n<p>It appears that Ryan Coonerty, the\u00a0Supervisor of the Third District of Santa Cruz\u00a0County, wrote a letter back in June to the rest of the Board of Supervisors, in which he bravely pleaded the county cease business operations with five of the TBTF Wall Street Mega Banks. Why you ask? Well, because they are criminal felons. Considering\u00a0Eric Holder refused to punish them (see:\u00a0<strong><a href=\"http:\/\/libertyblitzkrieg.com\/2015\/07\/06\/cronyism-pays-eric-too-big-to-jail-holder-triumphantly-returns-to-his-corporate-law-firm-job\/\">Cronyism Pays \u2013 Eric \u201cToo Big to Jail\u201d Holder Triumphantly Returns to His Prior Corporate Law Firm Job<\/a><\/strong>), someone has to take a stand.<\/p>\n<p>Here are a few choice excerpts\u00a0from the letter:<\/p>\n<blockquote><p><em>The banks have agreed to plead guilty to felony charges of conspiring to manipulate the price of U.S. dollars and euros exchanged in the foreign currency exchange spot market\u2026 The behavior of these banks is offensive and signals a Wall Street culture in which several big banks broke the law even after years of strong criticism and increased regulation following the economic crisis.<\/em><\/p>\n<p><strong><em>\u201cThere seems to be no limit to the greed in some our nation\u2019s largest banks. I believe it is critical that the County only work with the most trustworthy institutions as we invest and protect the public\u2019s tax dollars. Santa Cruz County should not be involved with those who rigged the world\u2019s biggest financial markets.<\/em><\/strong><\/p>\n<p><strong><em>It is important that we send a message that if you want to do business with the County, you need to play by the rules. Therefore I recommend that the Board direct that the County\u2019s investment policy be modified to reflect that the County of Santa Cruz will not do new business with these felonious financial institutions for a period of five years and further that the County unwind existing relationships with these five banks to the greatest extent feasible.\u201d<\/em><\/strong><\/p><\/blockquote>\n<p>Incredibly, the board went ahead and voted in favor of Mr.\u00a0Coonerty\u2019s proposal.\u00a0<a href=\"http:\/\/www.allgov.com\/usa\/ca\/news\/where-is-the-money-going\/santa-cruz-county-slashes-business-with-five-big-felonious-banks-150707?news=856899\"><em>AllGov<\/em>\u00a0reports<\/a>\u00a0that:<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Santa Cruz County Votes to Cease Doing Business with Five TBTF Mega Banks This is impressive. Very, very impressive. It appears that Ryan Coonerty, the\u00a0Supervisor of the Third District of Santa Cruz\u00a0County, wrote a letter back in June to the rest of the Board of Supervisors, in which he bravely pleaded the county cease business [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[5270,101,4285,6174,7302,7301,6425,860,1669],"class_list":["post-10074","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-big-banks","tag-california","tag-liberty-blitzkrieg","tag-michael-krieger","tag-ryan-coonerty","tag-santa-cruz","tag-tbtf","tag-wall-street","tag-wall-street-banks"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10074"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10074\/revisions"}],"predecessor-version":[{"id":10075,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10074\/revisions\/10075"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}