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Saturday, October 31, 2009

Report Slams Bank Links to Clusterbomb Production

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.'

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1 comment:

  1. And Diana was slammed a loose cannon for highlighting the landmine issue yet these big cannons providing the means for funding cluster bombs can only read out the our policy bullshit script with no further comment.

    Diana was liable to cause damage for the big cannons yet these big cannons pretend their not liable with a trusty statement from a mouthpiece without documentation and no comment from the other leading bank mob in crime.

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