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Santa Cruz County Votes To Cease Doing Business With 5 TBTF Mega Banks
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
This is impressive. Very, very impressive.
It appears that Ryan Coonerty, the Supervisor of the Third District of Santa Cruz County, 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 Eric Holder refused to punish them (see: Cronyism Pays – Eric “Too Big to Jail” Holder Triumphantly Returns to His Prior Corporate Law Firm Job), someone has to take a stand.
Here are a few choice excerpts from the letter:
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… 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.
“There seems to be no limit to the greed in some our nation’s largest banks. I believe it is critical that the County only work with the most trustworthy institutions as we invest and protect the public’s tax dollars. Santa Cruz County should not be involved with those who rigged the world’s biggest financial markets.
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’s 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.”
Incredibly, the board went ahead and voted in favor of Mr. Coonerty’s proposal. AllGov reports that:
The board, acting on a request (pdf) from Supervisor Ryan Coonerty, voted to “not do new business for a period of five years with Citigroup, JP Morgan Chase, Barclays, Royal Bank of Scotland and UBS as specified, and further direct that the County unwind existing relationships with these five banks to the greatest extent feasible.”
That means the county won’t buy the banks’ commercial paper or investment services, and will withdraw whatever funds it can from them.
The banks made untold billions using a private electronic chatroom to manipulate the spot market’s exchange rate between euros and dollars. The fifth bank, USB, manipulated the London Interbank Offered Rate (LIBOR), the benchmark interest rate that banks charge to borrow from each other. One Barclays employee said in a chatroom, “If you ain’t cheating, you ain’t trying.”
No one went to jail.
I’d like to think this could be the start of a much bigger movement, but I’m not holding my breath. Well done, Ryan Coonerty.
Here’s a screenshot of the full letter:
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Hey, that's where I live!
HAHA SUCK IT BANKERS. We're taking our ball and going home.
On the other hand, maybe this is just the excuse needed to send in Israeli "trainers" to teach our local police how to successfully snipe both sides of a protest until a neo-Nazi regime is established in Santa Cruz...
International Banksters must be destroyed
I'm sure Ryan Coonerty must read ZeroHedge. So whatever your handle is here, we all thank you.
Lets send him an email with a word of thanks, or make a phone call, or.....
Does he know who he is effin with????
Ballsy
Ryan Coonerty gets audited by the IRS and investigated by the FBI in 5...4...3...2...1
Coonerty? THAS RAY CYST!
Rasta Cruz....wish I was eating egg rolls at Kongs market right now!
I also used to live in the county. It is one of the most liberal/ progressive socialist counties in America. Although their pledge is altruistic and has merit, their motives are far from it. I agree that the Banksters deserve to serve out their criminality behind bars. But. I also believe that the liberal progressive parasites need to be removed off the teat of a productive society.
For a brief moment, the article made me believe there may yet be hope for American society.
Then I read Donald Trump had featured a photograph of Waffen-SS troops in his ad campaign, and continues to lead in the polls nonetheless.
You could speak the truth directly from God and I would still downvote you. Always have, always will. Just thought you should know.
Why? You worship the 'progressive' left slavishly, and fail to look at the innumerable crimes committed by such people. You are worse than a fool, you are a coward.
This just in, Santa Cruz county has just been labeled "hostile" by the Jade Helm psychopaths.
I bet somebody, somewhere is loading nail guns as we speak.
Holy cow..... who woulda thunk it...... a tiny microisland of sanity and reasonable judgement in a massive ocean of politically correct progressive liberal democraps....
yep, choke on my samich reading that. More confirmation of the bizarro world we live it. Suppose it is the circle of life where progressives become libertarians. And Republicans become Progressives.
Is that a Fuki Pacific Salmon samich?
Where can you buy... dem samiches.
it is foolish to play up the repub/dem divide, it's an irrelevant distraction.
there's people on both sides that do things that help the world, and people on both sides who do shitty things
the only real divide is between those of us who insist on living our lives as free, sovereign people, and those who want to oppress and control others and take their wealth.
http://www.freedomforceinternational.org/
As a long time resident of this "tiny microisland of sanity"....Santa Cruz may be many things, but sanity has never been high on its 'to do' list.
I am disappointed that there was a 5 year sunset provision.....30 years sounds more reasonable to me.
The county should go one step further and have the DA see if there was any financial harm done to the county through either the LIBOR rigging or the currency fixing. The county is entitled to treble damages if that is the case. If the county purchased any interest rate swaps SWAPS, then it was damaged by the LIBOR rigging since rates were artificially depressed to make the SWAPS sold by the banks become worthless....meaning the banks made a 100% profit on the SWAPS sold.
I also hope that the county board reads this entire Zero Hedge article and all replies
Bravo!
Good for them.
When you pass into the city limits of Santa Cruz, a sign says "Nuclear Free Zone."
Cool but weird town with lots of insane libs. Arnold's buddy Dave Draper the body builder had a gym there. Also crazy surfing close by with Steamers Lane.
I applaud them for this. They need to add Bank America to that list of scum banks.
And Wells Fago
LOL! that was a typo, but then I remembered this
http://www.usatoday.com/story/money/2015/06/10/frank-graham-billy-graham...
And on the back of that sign it says "Murder Capitol of the World."
It's all the damn vampires!
Vampires with mullets.
They're the worst.
+10 Very obscure and very funny reference.
Ahahahaha!....brilliant...
Too bad this guy will be killed by a falling 747 in the next week...
He'll be "eaten by a shark". They won't find any remains.
That shark was so damn hungry, he ate all of him. Weird!
"....Investigators are still wondering why the victim would put on a swimsuit made of steak and fish heads and then go swimming....and now here's Bob, with the latest antics from the Kardashians!"....
Just bring him down to Florida. The gators will eat all of him, lock, stock, and barrel. And, if the gators have no stomach for him we've got some pythons down in the Everglades that'll have no problem swalling him whole.
And then he went out to his Prius with the obligatory COEXIST and OBAMA-BIDEN bumper stickers and drove away.
But seriously...nice job, brah.
Wearing his "We are the 99%" shirt and his hemp huarache sandles...
Undoubtedly sporting an intellectual's neck beard and thick-framed glasses.
How dare we buy things made of locally available materials and manufactured in the local economy unstead of blindly buying an infinite quantity of poor quality trash assembled in Bangladesh....
Hey California-hating flyover state fake conservative assholes... when will your county stand up to the banksters with the same vigor as a bunch of fag-loving hippy dippy stoners? Oh right never LOLOLOL
6 Trucknut-Americans voted down.
Guess all the weed and acid really DOES expand consciousness, including awareness of our exploitation by the financial-industrial complex.
noob
Too bad you cant turn that weed and acid into drinking water.
Enjoy the dust bowl and your 50 latin american next door neighbors.
The rest of California is a different story, but in Santa Cruz, our reservoirs are around 75% capacity due to the area's unique hydrodynamics. That's why we have 300 foot tall trees after all.
"... and your 50 latin american next door neighbors."
And that just counting the garage.
Feel the hate. Divide and conquer is in full effect.
Is interesting all the negative stories about CALPERS of late.
Talk about the best pension plan in history.
I'm sure the serial looters would love to get their hands on that thing and create billions in taxable evets for everyone but the pensioners.
The same CALPERS that divested out of all gun-manufacturers stocks as they were going through the roof just to make a political statement.
WE'rE smArT!
https://www.google.com/search?q=smart+car&es_sm=93&source=lnms&tbm=isch&....
https://www.google.com/search?q=smart+car&es_sm=93&source=lnms&tbm=isch&...
Not sure what Kool Aid you're drinking but the state of CA is in a world of hurt going forward. Teachers pensions alone will cost $80 billion dollars.
http://www.mercurynews.com/california/ci_24998205/californias-wall-debt-...
I predict that kiddie porn will be "found" on Coonerty's computer.
First Duffy, now Coonerty. I didn't realize that the 'RA hates TBTF.
This is outstanding. But until more people start telling their reps they want the same, meaning they have to pay attention, this won't be a big deal.
I love this! I used to live in Santa Cruz County and I actually wrote to my Supervisor asking him to do the same thing back in 2011. I also asked him to put a huge transfer tax on all properties foreclosed by the TBTF banks as well. People were't going to get their homes back but it would have taught a lesson to the TBTF banks and put some money in the county coffers. Fuck those banks, while many people who were foreclosed on should never have bought homes, there were plenty of innocent and responsible people who lost jobs and then their homes becasue of the ensuing depression.
Lib city and area but I support this. I am more conservative but too many conservatives think big business is good. It "ain't." I support small and med sized businesses. Too many people especially conservatives think people foreclosed on were deadbeats.
Let me tell you "it ain't' usually true. Many banks are freaking predators. Even when you are fully paid up on a loan, they will try to play games. Commercial real estate loans are even worse. I never had a problem thank God. I had a commercial loan, never missed a payment. This smaller bank tried to scam me. Banks are scum.
The Banks need to burn and the Banksters lined up and shot.
They have caused way too much misery and exacted way too much suffering so that they could line their own pockets with stolen gains.
As society fractures the Banks will become juicy targets for the hungry, the starving masses' wrath.
Banks, Banksters, and even the lowest level employees have a limited lifetime. Many will just follow George Patton's advice by KILLING THEM ALL and let God sort them out.
FUCK THE BANKS.
FUCK THE NSA.
HAPPY JADE HELM 15 DAY.
You are right, it isn't good enough. And it won't be until the guillotines start doing their grisly work.
How delicious .... the county Pension Fund .... must be in real trouble ! LOL
It's a good start. 3,143 to go.
Yup. And note which banks are not named in Coonerty's letter: Bank of America, Wells Fargo, Goldman Sachs, and Morgan Stanley, as well as a rash of foreign banks like HSBC, a serial criminal offender.
The board, acting on a request (pdf) from Supervisor Ryan Coonerty, voted to “not do new business for a period of five years with Citigroup, JP Morgan Chase, Barclays, Royal Bank of Scotland and UBS as specified, and further direct that the County unwind existing relationships with these five banks to the greatest extent feasible.”
Why just temporary? They will remain criminal. And BofA is more than worthy to be boycotted.
Blame the bankers .... spare the politicians .... you ever notice .... people who blame the Joos and the bankers .... deflect criticism of their beloved government masters ?
Coming Soon....legal action by TBTF Banks against Santa Clara.
Hope Santa Cruz doesn't get sued later.
The ObamaTrade TISA agreement
will put a stop to this kind of 'trade restraint'.
Now if they could just get all of the ghetto ass thugs off of the Boardwalk.
At least gettum to pull their pantsup.
Raycist,,, destroy your confederate flag and report immediately to your designated FEMA camp for re-programing.
Bravo!
This is how it works.
1. Defund (by walking away).
Start something new locally.
I'm sure the TBTF banks have learned their lesson and won't commit financial offenses in the future. After all they promised...
What do you call 5 TBTF Banksters at the bottom of the ocean?
A good start.
Slowly but surely the sheeple awaken. Will it happen soon enough to make a difference? We will see.
They're awakening but they still have lots of goop in the corners of their eyes because you don't hear a single one of them say End the Fed.
Fuck the Republicans! Fuck the Democrats!
Coonerty 2016!
The only real justice is vigilante justice.
HANG EM HIGH, BOYS :-)
COONerty .... submitted without coment !
He is now pegged as a fringe low brow.
No Goldman Sachs?
Just remember, if we arrested the criminals that perpetrated fraud we'd lose faith in the system, and who can argue with that logic.
Be on the alert for drones delivering nail guns from Amazon...
All the banks in the DC US are nothing more than branches of the FedRes, itself a Rothschild branch.
So where are they going to find a "most trustworthy institution," bank?
And being that there are pols and crats involved, "slithers," I am sure there's a pocket lining scheme in the works involving this--Always about money, power, and division.
Liberty is a demand. Tyranny is submission..
SCALPERS .... not to be confused with free people engaging in scalping .... the resale of tickets .... a perfectly legitmate enterprise .... in a free market !
Good luck getting a house loan in Santa Cruz.
Typical bankster response. Getting a loan will be just as easy as banksters are greedy to loan. Think you can't get a loan in Santa Cruz? It will be no problem.
If the story of the letter is true, well done and thank you Ryan Coonerty. You are brave. I hope the Board of Supervisors will follow your brave lead.
If you think scalping is somehow wrong .... you are a socialist pig !
If they really wanted to take a stand......theyd enforce immigration law and rezone the entire county for tract housing, not "open space" to protect sub-prime loan bank equity and high rents.
if they really really wanted to take a stand they would identify the Fed Reserve Note (aka, dollar) for what it is: ILLEGAL -- and dump it and start using the only legal means of paying debts - gold & silver
its a sanctuary city,
a couple of surfers murdered in the streets by gangbangers in the past few years and nada from city fathers like coonerty
.. but on the way to town, at the city liimits, i go past the Nuke Free" sign
https://localwiki.org/santacruz/Nuclear_Free_Zone
"...
On October 8, 1991, the City of Santa Cruz declared itself a Nuclear Free Zone by authority of city policy 11.4. The policy reads in part: "The City Council of the City of Santa Cruz hereby declares the City to be a Nuclear Free Zone. No nuclear weapon or component of a nuclear weapon, enriched nuclear material or radioactive waste shall be produced, transported, stored, processed, disposed of, nor used within the City of Santa Cruz." The policy also states: "The City shall place and maintain signs reading "Nuclear Free Zone" at all City limit sign post locations. The signs shall be clearly visible and its letters at least equal in size to those on the nearest city limit sign."
..."
but no budget for tsunami zone signs until after 2 tsunamis, the Fukushima one doing a job on the boat harbor.
Wonderful!
That's really sticking it to the Iranian mullahs.
Step 2: Round up the ZioCons and put them in 'Work Camps' building "Pizza Ovens."
I don't do business with them either.
And Santa Cruz was so nice before WMD's, Al Qaeda and ISIS were found there.
I never thought I'd see the day when anyone even attempted to stop feeding The Great Red Dragon. You can't kill it, but you can reduce its size to where it only nips like a dog. Congratulations for an incredible first step.
Elections are here?
The banks should write an FU letter back to Santa Cruz County and tell them that they refuse to do business with a bunch of immoral, dope-smoking, drug-addled thieving communist narcissists.
Oh, and did I say diseased? I meant to say diseased, too.
"a bunch of immoral, dope-smoking, drug-addled thieving FASCIST narcissists. Banksters...
You've never been to Santa Cruz, have you.
Banks are not Santa Cruz's problem.
The human debris that squats in Santa Cruz is the problem.
They LOVE getting their fiat dollars from the welfare system. If there were no banks and no fiat dollars, they would be foraging in dumpsters and pilfering stuff from parked cars.
Been there before and after the quake. Hipsters and Hippies are one thing but organized banking crime tops it all. Corporate welfare is many more times worse then feeding the poor.
A symbolic step, firing the banks.
ALL welfare systems are clearly out of control. Let's start with ending corporate fascisim....aka banks.
Eric Holder is looking out of his 11th floor office window and having a good laugh.
Look out who is behind you Eric, and is that window open?
Santa Cruz is one of the best places to be, if you've never had the pleasure. And Ryan Coonerty and his family are no small part of it. It's beyond unique, albeit an incredibly and increasingly unaffordable place to live. I met two young Europeans who were finishing up a 3-week road trip across the ol' US of A between college and a life of debt slavery and they found Santa Cruz to be the *best* city they had visited. San Francisco and a flight home was next but I'm guessing Santa Cruz is still their favorite.
baah. it a rat nest by the sea.
Dear Mr Cruz we are delighted to imform you that you have been chossen to be a participant in the evaluation of our new range of building products, some time in the near future late at night whlie your family is sleeping a representave or 2 will call by your home and show you the amazing functionality of the
"DeFault Tactical Nailgun"
CEO (chief enforcemet officer)
DeFault International
"DeFault: its in your Stars"™
Santa Cruz elite is a bunch of pseudo socialists. Many former hippies are greedy millionaires now, because they got and stay rich from the real estate bubble thanks to TBTF. Santa Cruz is one of the most expensive real estate market in the US.
Positive step in the right direction. Interesting to see if any others follow.
Thanks Santa Cruz for following my lead
Every little bit/protest helps to bring awareness.
Santa Cruz? That drug infested hippy lesbian gay liberal village.
Meh.
Yes! That is one answer to the bankster criminals. If they were prosecuted for mortgage fraud back in 2000 the criminals would have been in jail instead of destroying the economies of the world with their New World Order.
FASCIST (government of, for and by the multinational bankster corporate monopoly) TAKE-OVER is foreign to American representative democracy and Greek direct democracy (government of, for and by the People).
The fascist are criminals to our democracy Justice System that the fascist criminals have overthrown by the criminal tools of corruption and theft: fraud, forgery, bribery, bunko and Ponzi schemes, cohesion, extortion, embezzlement, theft, murder, and any other criminal act to farther their control and power over the People.
The central bankster criminals have declared war on the Peoples of the World with fraudulent debt implemented and foisted on the leaders of democratic nations.
Fraud by representative debt on to the People was the bankster criminal plan from the beginning of the European Union and American debt. The central banksters have set out to bankrupt nations by debt and take over the country assets; to hell with the People.
The People have said emphatically and democratically “NO” to criminal fraud and debt. It is time to hold a Peoples Court for Justice and arrest and charge the criminals with their crimes. Seize all bankster multinational assets until the end of the trials and forfeiture of the assets if found guilty. The criminals have destroyed your democracy set of criminal laws, so a Peoples Kangaroo Court is your only civil defense to restore your universal criminal laws. Don’t destroy your own civic property, seize their property.
i b local.
SC County used to have the nickname "dirtiest little county in California" back in the days of bootlegging anyway - foggy coast, easy cops, big Italian fishing fleet.
then when UC showed up, it became "mass murder capitol of the world" - always weird in its own way with 6'8" coed killer carrying cut off fingers in his pockets while knocking down beers with the cops after work.
it has evolved into "little "shit-cog-O by the bay", a greased pole that takes small fry progs like coonerty to the top of CA guv, running the legislature, taking key secretary positions. laugh not, these local losers have tremendous influence - watch the daily churn of "laws" coming out of the Cal legisllature and you would think this was FDR, 1932 - but worse (you shall not dry clean on Sundays from 11:30 to 2:30 any other colors but white).
this town is off the charts prog, shame to madison, beserklee, boulder. it has been for 30 years a beta site for every community organizer / kultural marxist wet dream that dribbles down the hill from UC Santa Cruz. from profs like Angela Davis.
take a look at the county flag
http://www.sandylydon.com/sec_15.html
here's coonerty's pappi who prededed current gen coonerty
http://www.metroactive.com/papers/cruz/12.18.02/nuz-0251.html
--------------------------
given all that, i have waited for decades for the local van winkle progs to awaken.. to what I don't know..naybe remember the 60s? don't trust the man, anti-war. stay out of our local biz?
there is promise, they have fought the man on stuff like pot, GMOs, organic farming,
secessionism isn't just for the south if you read US history.
so congrats to coonerty and his pal progs. a good start.
That nice, but what is Santa Cruz's position on the Confederate flag and the removal of crosses from war memorials?
about 99:1 on con flag.
but interestingly, the county has a few outlaw areas, some hippie squatters, some pot growers, but one that started with some rogue confed solders if I remember correctly.
about a decade ago, in this confed area, a deputy spotted some smoke and when inevestigating found a guy buring a sofa in his back yard - in other words, nothing all that unusual - except there was a hand haning out of it. solution to a long-running fued with a nieghbor.
so the 99% who run the place are kinda like the americans in afganistan, they got kabul and not much else.
a lot of ZHers seem to have a cartoon view of CA. like the whole place is a desert or its all libs, not so. this will become more apparent with the SHTF.
Wow, BIG kudos.
HSBC isn't a top 5 bank? Oh wait, they're the ones who launder the drug money. Nevermind.
You got it caveman. The banks on the list have refused to do business with the dispensaries, co-ops, and larger hill side growers. The cannabis industry is one of the only free markets left in this country. Fuck off hypocritical banks.
I am surprized.
There ARE some sensible ppl still left.
But I believe the banksters will hire some FBI sharpshooter to put some lead in his brain.
https://en.wikipedia.org/wiki/Ryan_Coonerty
.[9] When same-sex marriage was legalized in California, Coonerty officiated several same-sex marriages.[10] He also voted to have the city join lawsuits against Proposition 8, challenging the constitutional ban on same-sex marriage.
oh well.