Global Views
   Middle East & Africa
 Embassy News
 Arts & Living
 Travel & Hotel
 Medical Tourism New
 Letters to Editor
 Photo Gallery
 News Media Link
 TV Schedule Link
 News English
 Hospitals & Clinics
 Flea Market
 Moving & Packaging
 Religious Service
 Korean Classes
 Korean Weather
 Real Estate
 Home Stay
 Room Mate
 English Teaching
 Job Offered/Wanted
 Hotel Lounge
 Foreign Exchanges
 Korean Stock
 Business Center
 PR & Ads
 Arts & Performances
 Restaurants & Bars
 Tour & Travel
 Shopping Guide
 Foreign Missions
 Community Groups
 Foreign Workers
 Useful Services
 ST Banner Exchange
Voice of the People
Dear Banks in America
Did Russia's House of Cards Fall the Same Way?
By Thomas Emmon Pisano
US Correspondent
Elaborate marble facade of NYSE (New York Stock Exchange) seen from the intersection of Broad and Wall Streets.

It is a stronghold for the preservation of our funds, our dreams, and a hedge against inflation that is the American banking system. Our banks are the strongest and most regulated of any institution in the nation, save hospitals. For the most part our banking system is hard to defraud, but some have and could.

As I look back in history, and see the devastation left behind by the Russian Mob after they pillaged the banks around the time of the collapse of the Soviet Union. Between 1993 and 1997 the gangsters – most of whom were former government workers and ex-military – took to the occupation's associated with what we call 'black-marketeering' and other such underhanded dealings as well. The one thing these criminal organizations undertook and became specialized at was gaining control of the banks in the new Russian Federation.

They were no longer content with just depositing their money in the banks; the Russian Mob went after total control of the banks and seized their assets through sheer force, brutality, and guile; in most cases. They wanted the banks to use for their various illegal schemes, including the most profitable scheme of all; money laundering for the drug trade.

The taken banks –depleted of their assets soon fell into disreputable standing – their value deflated to the point that they could not be used, so consequently these banks failed to be reliable for legal transactions. They fail, as a matter of fact, or so it seems they are only good for the receivership of funds to be diverted elsewhere.

Now that the Russian Mob has moved into the suburbs of America, you cannot help but wonder… Has bank failure come to the United States by way of organized crime? It did happen to the Russian Federation.

In the past eight years, we have seen the failure of close to 40 banks insured by the F.D.I.C. Many of these banks have failed for nothing more than mismanagement in the form of bad loans to people who could not afford those loans.

However, some of the failures have been earmarked as fraud. Suspicions of fraud have been raised by several organizations including the F.D.I.C., the F.B.I., and the attorney general of the United States and those investigations are at present ongoing and underway. One of the problems is that sorting through the data takes a lot of time and is very tedious. That is one of the other things the gangsters are skilled at is the "paper chase." Remember the gasoline tax fraud scheme; that was a 'blizzard of paper' one investigator said.

Meanwhile, more banks fail and the investigative process continues. We all hope it will not be too late before the true cause of these failures comes to the light of day.

Fraud – this label is consistent with the philosophy of Russian / American organized crime – they take over a bank and destroy the institution from with-in. This activity is classic and holds true to form to many of the places were the Russian Mob has resided in Europe and Eurasia.

The number of Russians who have immigrated to America since 1990 is close to 200,000. The State Department suspects the Russian government sent us their hardened criminals who were incarcerated in their prisons, first, then their political offenders next and so forth.

As the years progressed, a U.S. government estimated 200 Russian crime organizations have been established on American shores. There may be nothing to the Russian Mob and any suspicious ties to the failing banks here in our country, but still we need to keep our eye on the wolves when they are near by.

Related Articles
    Is Islam to Rule the World?
    To Avoid a World Full of Tragedy and Fear We ...
    The Halloween Party in America
    New Orleans Has Gone to the Dogs
    Free Speech and Censorship on the Internet
    On This Fourth of July
    Human Trafficking for Commerce, Another Modern ...
    Insanity behind Weapons of Mass Destruction
    "The Hot Rains of Sumatra"
    Voodoo Priests, Practitioners, Assailants of ...
    How Can We Untangle This Mess?
    Identity Theft and Internet Fraud
    An Open Letter on the Crisis of Hate between ...
    Lack of Government Accountability
    Sex Selection Abortion: Destruction of Human ...
    The Russian Mob and America
    The Morally Corrupt Campaign Tactics in America
    The Terrible Consequences of Runaway Spending ...
    US Wants Justification: We Want A True ...
    Race, Differences between US, and Fixation
    What Exactly Is a Pundit Anyway?
    "Wild Dogs in the Night"
    American Seeing through the Haze
    Fate of US Hinges on Coming Election
    Of the Insanity of Our Children
    A World Full of Fear
    600 Billion Dollars!
    Bigotry, Racism and Discrimination
    The Price of Tea in China
    The Crime of Public Cigarette Smoking
    Happy Birthday America, July 2007! Open Letter
    Hate and The Enemies of Reason
    Enemies of the State
    New Orleans and the Price of Beans
    Why Are We Creating More Insanity in Lebanon?
    Lost Loves Found Again?
    Stand Up America and Protest!
    Is New Orleans A Greedy Little City?
    Salmonella, My Old Friend ...
    Did Katrina Almost Destroy New Orleans?
    Greetings from New Orleans
    Traveling with Thomas
    Is US Blind to Dangers of Foreign Outsourcing?
    My Day in Court, Was I Railroaded?
    The World Really Does Not Know Me
    The Anatomy of Homelessness II
    Rumors and Truth
    Is US Profiting from Miseries of the Homeless?
    This Is Our Gift to Our Children
    The Anatomy of Homelessness
    Are Religion, Money, & Power Keys to Ending ...
    An Open Letter to America on Patriotism
    We Now Weep Tears for the Future
    Are We on Right Track with Palestine?
    Just What Price Must We Pay for Oil?
    America: Land of Abundance, Insane Homeless
    Unusual Retrospective View of World in 2006
    "The Giant Rat of Sumatra"
    Rap Music, America's Silent Enemy?
    How Outsourcing Will Destroy America
    "The World Must Know!"
    Israel & Palestine: Is Peace on Horizon?
    Internet Fraud, Greedy Easy Targets?
    George Walker Bush: The Fighting President
    Will Washington Help Heal the Middle East?
    Just When Does A Secret Need to Be A Secret?
    Chairman Kim Jong-Il, A Man of Contradictions
    Now Is the Time to Silence the Guns!"
    N. Korea: Government Dedicated to the Absurd

Mr. Thomas Emmon Pisano, an electronics-engineer-turned professional writer, serves as US correspondent for The Seoul Times. A New Jersey native he has lived in California. He has started his writing career in 2003 and has authored four books including “No Murder Too Small” and Big Crimes Small Miracles.”






The Seoul Times, Shinheung-ro 36ga-gil 24-4, Yongsan-gu, Seoul, Korea 04337 (ZC)
Office: 82-10-6606-6188 Publisher & Editor: Joseph Joh
Copyrights 2000 The Seoul Times Company  ST Banner Exchange