U.S. Banks Bankrolling Nuclear Arms | WHAT REALLY HAPPENED

U.S. Banks Bankrolling Nuclear Arms

Some 411 banks, insurance firms, and pension funds have invested $402 billion in 28 companies involved in the manufacture, maintenance, and stockpiling of nuclear weapons, authorities on nuclear affairs were told at a conference here.

Such weapons are now so powerful---up to 50 times as devastating as the bombs dropped on Hiroshima and Nagasaki---that they represent a threat to all life on the planet, said Susi Snyder, Program Manager of PAX, the main civil organization in The Netherlands that works for peace. (Snyder is a former Secretary-General of the Women's International League for Peace and Freedom.)

"After all the financial scandals, crises and promises to act in a more responsible and transparent way, here is the evidence that these same financial institutions continue to make unethical investments, into weapons of mass destruction," Snyder said.

Tags:

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA