Understandably top executives from the biggest U.S. banks are concerned about anti-Wall Street rhetoric on the 2016 campaign trail.
The banks have, after all, been running sophisticated criminal enterprises that have victimized hardworking Americans in varies schemes over the last 15 years. JPMorgan, Goldman Sachs, UBS, Deutsche Bank, Credit Suisse, Barclays and more have all pleaded guilty to numerous criminal offenses in the last year alone.
The size of the fines is in the 10s of billions yet nobody has been held criminally accountable for the highly predatory actions of the banks.
Most Americans go to jail for stealing a few hundred dollars and yet banks steal billions, get fined only millions and then are free to try again.
And if their scheme backfire, as they did in the 2008-2009 financial crisis, main street America has to bail them out and pay the lavish banker bonuses.
So understandably, people are upset.
But the large criminal banks are undeterred. Senior executives from seven of the biggest U.S. banks gathered or dialed into a March 31st conference on the 51st floor of the Bank of America Tower in New York to discuss how the firms can counteract statements about large banks, according to secret emails reviewed by The Wall Street Journal.
The effort underscores the degree to which Wall Street banks will go to maintain their criminal rackets. With deep pockets and loads of political influence, the banks are more than capable of re-writing history. And that's exactly what they're trying to do.
Gathering of top firm executives was organized by John Rogers, of Goldman Sachs Group Inc., and James Mahoney, Bank of America Corp.'s head of corporate communications. Both banks are among the leaders of the criminal banking syndicates and have recently been subjected to tighter regulation in an effort to reduce their riskiness and limit losses to taxpayers in the event of another financial crisis.
It is unclear if the banks will continue to meet on the issue but further discussions are likely to take place, as the banks seek to aggressively fight regulation and cover up their dirty deeds.