Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Top banks fund cluster bombs as ban nears -

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-30-09 05:18 AM
Original message
Top banks fund cluster bombs as ban nears -
LONDON, Oct 29 (Reuters) - Leading banks have funded cluster bomb-makers to the tune of $5 billion in the past two years despite an international accord to ban the weapons, a study said on Thursday.

The top five loan providers were Bank of America , Citigroup , JP Morgan , Barclays and Goldman Sachs , the study said on Thursday.
The researchers used publicly available information, such as that supplied by stock exchanges and financial databases, to produce their study.

Bank of America and JP Morgan declined to comment while Citigroup and Goldman Sachs also had no immediate comment.

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.

http://www.alertnet.org/thenews/newsdesk/LT447877.htm


Printer Friendly | Permalink |  | Top
Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-30-09 05:36 AM
Response to Original message
1. Citigroup, Goldman Sachs, Bank of America and JP Morgan all received bailout money
Edited on Fri Oct-30-09 05:46 AM by Ichingcarpenter

Think about it.


Hospitals report that the hearts of bankers are in strong demand by transplant patients, because theyve never been used.





Printer Friendly | Permalink |  | Top
 
malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-30-09 05:41 AM
Response to Original message
2. War and the slaughter of innocents is
very profitable. One day we'll see details on who launders the real drug money. Any bets?
Printer Friendly | Permalink |  | Top
 
sattahipdeep Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-01-09 04:41 PM
Response to Reply #2
4. It is relevant to take note
The men behind Barack Obama part 2

http://www.youtube.com/watch?v=e-KJCMWcoms

Hillary Clinton speaks out about US links with Taliban

http://www.youtube.com/watch?v=X2CE0fyz4ys
Printer Friendly | Permalink |  | Top
 
Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-30-09 08:12 AM
Response to Original message
3. Clusterbomb manufacturers
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."
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Wed Jul 23rd 2014, 06:32 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC