Goldman Sachs funds cluster bombs used by Israel - Jew bankers are warmongers
Prevarin
Morgan, Barclays and Goldman Sachs
http://news.yahoo.com/s/nm/20091029/wl_nm/us_clusterbombs_banks_3
Report slams bank links to clusterbomb production
By Olesya Dmitracova
LONDON (Reuters) � Leading banks have funded arms manufacturers, whose
products include cluster bombs, to the tune of $5 billion in the past
two years, despite an international accord to ban such weapons, a
study said Thursday.
The report by Profundo consultancy and several NGOs said the banks
loaned money to companies whose products include cluster bombs or
their components.
It did not say the funds went directly to make cluster bombs. The
manufacturers could use the money for any of their production lines.
The top five loan providers were Bank of America, Citigroup , JP
Morgan, Barclays and Goldman Sachs, the study said.
The researchers used publicly available information, such as that
supplied by stock exchanges and financial databases, to produce their
study.
According to the research, the banks have provided financing for
diversified manufacturer Textron, aerospace and defense group Alliant
Techsystems and defense contractor Lockheed Martin , all based in the
United States.
Barclays said in a statement it provided financial services to arms
makers within a specific policy framework, taking into account the
likely use of the equipment.
"Our policy ... explicitly prohibits financing trade in landmines,
cluster bombs or any equipment designed to be used as an instrument of
torture," Barclays said.
Asked to clarify, a Barclays' spokeswoman declined further comment.
Bank of America and JP Morgan declined to comment while Citigroup and
Goldman Sachs also had no immediate reaction.
Cluster bombs, which open in mid-air and scatter a multitude of
bomblets over a wide area, have killed and maimed tens of thousands of
civilians, campaigners say.
Nations agreed to outlaw cluster bombs in May 2008. The resulting
convention will come into force when 30 countries have ratified it --
23 have already done so.
Neither the United States nor Britain, where the top five loan
providers are based, have yet ratified the treaty.
The Convention on Cluster Munitions includes a ban on assisting anyone
to make the bombs.
"We feel very strongly that assistance in production means investment.
If you invest in a company, you're considered to assist the production
of these (bombs)," Roos Boer, one of the report's authors, said at the
launch of the study.
The report said: "Financial institutions should develop policies that
exclude all financial links with companies involved in producing
cluster munitions."
It added: "Policies should not be narrowed to refusing project
financing for cluster munitions."
The report also called on governments to draw up clear legislation to
prohibit investment in cluster bombs and to provide guidelines for
financial institutions.
Honest truth
> products include cluster bombs, to the tune of $5 billion in the past
> two years, despite an international accord to ban such weapons, a
> study said Thursday.
Cluster munitions are only prohibited for those nations that ratify the
Convention on Cluster Munitions,
--
嚙踝蕭Of all the extreme fanaticism which plays havoc in man嚙踝蕭s nature, there is
not one as irrational as anti-Semitism. 嚙皺 If the Jews are rich [these
fanatics] are victims of theft. If they are poor, they are victims of
ridicule. If they take sides in a war, it is because they wish to take
advantage from the spilling of non-Jewish blood. If they espouse peace, it
is because they are scared by their natures or traitors. If the Jew dwells
in a foreign land he is persecuted and expelled. If he wishes to return to
his own land, he is prevented from doing so.嚙踝蕭
Lloyd George
Zorro_2k
> The top five loan providers were Bank of America, Citigroup , JP
> Morgan, Barclays and Goldman Sachs
>
> http://news.yahoo.com/s/nm/20091029/wl_nm/us_clusterbombs_banks_3
>
> Report slams bank links to clusterbomb production
>
> By Olesya Dmitracova
>
> LONDON (Reuters) – Leading banks have funded arms manufacturers, whose
> two years, despite an international accord to ban such weapons, a
> study said Thursday.
>
> loaned money to companies whose products include clusterbombsor
> their components.
>
> manufacturers could use the money for any of their production lines.
>
> The top five loan providers were Bank of America, Citigroup , JP
> Morgan, Barclays and Goldman Sachs, the study said.
>
> The researchers used publicly available information, such as that
> supplied by stock exchanges and financial databases, to produce their
> study.
>
> According to the research, the banks have provided financing for
> diversified manufacturer Textron, aerospace and defense group Alliant
> Techsystems and defense contractor Lockheed Martin , all based in the
> United States.
>
> Barclays said in a statement it provided financial services to arms
> makers within a specific policy framework, taking into account the
> likely use of the equipment.
>
> "Our policy ... explicitly prohibits financing trade in landmines,
> torture," Barclays said.
>
> Asked to clarify, a Barclays' spokeswoman declined further comment.
>
> Bank of America and JP Morgan declined to comment while Citigroup and
> Goldman Sachs also had no immediate reaction.
>
> bomblets over a wide area, have killed and maimed tens of thousands of
> civilians, campaigners say.
>
> convention will come into force when 30 countries have ratified it --
> 23 have already done so.
>
> Neither the United States nor Britain, where the top five loan
> providers are based, have yet ratified the treaty.
>
> The Convention on Cluster Munitions includes a ban on assisting anyone
> to make thebombs.
>
> "We feel very strongly that assistance in production means investment.
> If you invest in a company, you're considered to assist the production
> of these (bombs)," Roos Boer, one of the report's authors, said at the
> launch of the study.
>
> The report said: "Financial institutions should develop policies that
> exclude all financial links with companies involved in producing
> cluster munitions."
>
> It added: "Policies should not be narrowed to refusing project
> financing for cluster munitions."
>
> The report also called on governments to draw up clear legislation to
> financial institutions.
The Profundo report does not state that the money was used for making
cluster bombs, nor does it
state that the Companies to which the loans were made are still
manufacturing , or were manufacturing at the time of the loans,
cluster bombs. All that the report states is that loans were made to
corporations who had, at some time, made cluster bombs. Personally, I
think that the Profundo report has been a huge waste of taxpayer
dollars, and any taxpayer themself could have just as easily arrived
at the same conclusion by doing a little homework of their own, if
they were really interested.