Libor: Scandal of All Scandals
The Wall Street Scandal of All Scandals
Robert Reich, Robert Reich s Blog: ''We trust that the banking system is setting today s rate based on its best guess about the future worth of the money. And we assume that guess is based, in turn, on the cumulative market predictions of countless lenders and borrowers all over the world about the future supply and demand for the dough. But suppose our assumption is wrong. Suppose the bankers are manipulating the interest rate so they can place bets with the money you lend or repay them ...''
http://truth-out.org/news/item/10222-the-wall-street-scandal-of-all-scandals
Bank Scandal Turns Spotlight to Regulators
Ben Protess and Mark Scott, The New York Times: ''As big banks face the fallout from a global investigation into interest rate manipulation, American and British lawmakers are scrutinizing regulators who failed to take action that might have prevented years of illegal activity. Politicians in both London and Washington are questioning whether regulators allowed banks to report false rates in the run-up to the 2008 financial crisis and afterward.''
http://truth-out.org/news/item/10259-bank-scandal-turns-spotlight-to-regulators
Will the Obama Administration Prosecute the Big Banks for LIBOR Manipulation?
Paul Jay, The Real News Network: ''[I]s this a criminal conspiracy? Well, let s take the word criminal first. There s no dispute this is a criminal problem. How do we know that? Because the United States Department of Justice entered into an agreement with Barclays and agreed that Barclays would not be prosecuted for criminal conduct if Barclays would pay $160 million to the United States and agree to a set of facts which clearly lays out criminal conduct.''
http://truth-out.org/video/item/10359-will-obama-admininistration-prosecute-the-big-banks-for-libor-manipulation
Big Business Has Become Disconnected From the Well-Being of Most Americans
Robert Reich, Robert Reich s Blog: ''The American economy has moved way beyond outsourcing abroad or even 'in-sourcing.' Most big companies headquartered in America don t send jobs overseas and don t bring jobs here from abroad. That s because most are no longer really 'American' companies. They have become global networks that design, make, buy, and sell things wherever around the world it s most profitable for them to do so.''
http://robertreich.org/post/27527895909
From Truthout
--------
LIBOR Scandal Latest Sign of Financial System s Rotten Core
By Aaron Task
Imagine finding out the Dow is rigged or the S&P 500 doesn t really measure the stocks of the 500 largest U.S. firms and you have a hint at how big a deal this really is.
http://www.informationclearinghouse.info/article31806.htm
Former Barlcays boss forgoes $30m bonus
Former Barclays chief Bob Diamond will still collect $3m after the bank was fined $450m for rate fixing.
http://www.aljazeera.com/news/europe/2012/07/201271014614247730.html
Wall Street Executives Believe Employees Need To Engage In Illegal Behavior To ''Succeed''
In a survey of 500 senior executives in the United States and the UK, 26 percent of respondents said they had observed or had firsthand knowledge of wrongdoing in the workplace, while 24 percent said they believed financial services professionals may need to engage in unethical or illegal conduct to be successful.
http://is.gd/EM61Oi
UK Minister: ''14 Banks Involved In Libor Scandal, Anyone Who Falsifies Market Indices Must Go To Prison''
British minister for financial market regulation Mark Hoban also called for investigators to have access to bankers' telephone, email, Facebook and Twitter accounts, in order to investigate criminal action.
http://is.gd/89or35
The Libor Scandal Explained
Graphic
http://is.gd/u5QBXF
Bankers robbing Central Banks and governments: Max Keiser
Video
Max talks to Ellen Brown about the European Stability Mechanism as a permanent bailout fund for the rich.
http://www.youtube.com/watch?v=K1L_KUnPlQU&feature=youtu.be
The Real Libor Scandal
By Paul Craig Roberts and Nomi Prins
We have learned that the Fed has been aware of Libor manipulation (and thus apparently supportive of it) since 2008. Thus, the circle of complicity is closed.
http://www.informationclearinghouse.info/article31866.htm
How Wall Street Scams Counties Into Bankruptcy
By William D. Cohan
For some reason, Wall Street never seems to get the message that bribing government officials, and paying each other off, to get access to lucrative municipal-bond underwriting business is illegal.
http://www.informationclearinghouse.info/article31898.htm
The Libor Scandal In Full Perspective
By Paul Craig Roberts
The Federal Reserve and the Bank of England should be indicted for their participation in the fraud.
http://www.informationclearinghouse.info/article31935.htm
From Information Clearing House
--------
LIBOR Scandal Jumps Pond: US Banks, Regulators Face Grilling over Manipulation of Baseline Interest Rate
http://www.commondreams.org/headline/2012/07/10-4
A Challenge To American Regulators Over LIBOR Scandal
http://www.commondreams.org/view/2012/07/10-1
Time for Banksters To Be Prosecuted
http://www.commondreams.org/view/2012/07/10-9
Wall Street Crimes of 2008 Go Unpunished
http://www.commondreams.org/headline/2012/07/12-3
The Challenge of Keeping Banks Honest
http://www.commondreams.org/video/2012/07/16-0
--------
Fractional Reserve Banking, Government, and Moral Hazard
http://lewrockwell.com/paul/paul813.html
How the Feds Feed the Rich
http://lewrockwell.com/bonner/bonner560.html
The Untouchables
http://lewrockwell.com/north/north1172.html
Ron Paul Has the Final Say
http://lewrockwell.com/spl4/ron-paul-has-final-say.html
What central bankers actually believe
http://lewrockwell.com/rozeff/rozeff389.html
--------
Kucinich Explains ''LIBOR''
http://www.youtube.com/watch?v=fcyX6Hlqldk&feature=youtu.be
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Kucinich
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Sheila+Bair
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=DoJ
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=central+banking
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Federal+Reserve
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=American+economy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=outsourcing
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+crisis
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+system
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+market
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=banking+system
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Federal+Reserve
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=fractional+reserve
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Wall+Street
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Business
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bailout
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bankruptcy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Barclays
http://freepage.twoday.net/search?q=Bob+Diamond
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bankster
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=interest+rate
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=manipulation
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=libor
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=wealthy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bonus
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Robert+Reich+Blog
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Aaron+Task
http://freepage.twoday.net/search?q=Ben+Protess
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Matt+Taibbi
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Katrina+vanden+Heuvel
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=com/paul
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Max+Keiser
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Ellen+Brown
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Paul+Craig+Roberts
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Nomi+Prins
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Paul+Jay
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=William+D.+Cohan
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=com/bonner
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=com/north
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Bob+Adelmann
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=com/rozeff
-----
Robert Reich, Robert Reich s Blog: ''We trust that the banking system is setting today s rate based on its best guess about the future worth of the money. And we assume that guess is based, in turn, on the cumulative market predictions of countless lenders and borrowers all over the world about the future supply and demand for the dough. But suppose our assumption is wrong. Suppose the bankers are manipulating the interest rate so they can place bets with the money you lend or repay them ...''
http://truth-out.org/news/item/10222-the-wall-street-scandal-of-all-scandals
Bank Scandal Turns Spotlight to Regulators
Ben Protess and Mark Scott, The New York Times: ''As big banks face the fallout from a global investigation into interest rate manipulation, American and British lawmakers are scrutinizing regulators who failed to take action that might have prevented years of illegal activity. Politicians in both London and Washington are questioning whether regulators allowed banks to report false rates in the run-up to the 2008 financial crisis and afterward.''
http://truth-out.org/news/item/10259-bank-scandal-turns-spotlight-to-regulators
Will the Obama Administration Prosecute the Big Banks for LIBOR Manipulation?
Paul Jay, The Real News Network: ''[I]s this a criminal conspiracy? Well, let s take the word criminal first. There s no dispute this is a criminal problem. How do we know that? Because the United States Department of Justice entered into an agreement with Barclays and agreed that Barclays would not be prosecuted for criminal conduct if Barclays would pay $160 million to the United States and agree to a set of facts which clearly lays out criminal conduct.''
http://truth-out.org/video/item/10359-will-obama-admininistration-prosecute-the-big-banks-for-libor-manipulation
Big Business Has Become Disconnected From the Well-Being of Most Americans
Robert Reich, Robert Reich s Blog: ''The American economy has moved way beyond outsourcing abroad or even 'in-sourcing.' Most big companies headquartered in America don t send jobs overseas and don t bring jobs here from abroad. That s because most are no longer really 'American' companies. They have become global networks that design, make, buy, and sell things wherever around the world it s most profitable for them to do so.''
http://robertreich.org/post/27527895909
From Truthout
--------
LIBOR Scandal Latest Sign of Financial System s Rotten Core
By Aaron Task
Imagine finding out the Dow is rigged or the S&P 500 doesn t really measure the stocks of the 500 largest U.S. firms and you have a hint at how big a deal this really is.
http://www.informationclearinghouse.info/article31806.htm
Former Barlcays boss forgoes $30m bonus
Former Barclays chief Bob Diamond will still collect $3m after the bank was fined $450m for rate fixing.
http://www.aljazeera.com/news/europe/2012/07/201271014614247730.html
Wall Street Executives Believe Employees Need To Engage In Illegal Behavior To ''Succeed''
In a survey of 500 senior executives in the United States and the UK, 26 percent of respondents said they had observed or had firsthand knowledge of wrongdoing in the workplace, while 24 percent said they believed financial services professionals may need to engage in unethical or illegal conduct to be successful.
http://is.gd/EM61Oi
UK Minister: ''14 Banks Involved In Libor Scandal, Anyone Who Falsifies Market Indices Must Go To Prison''
British minister for financial market regulation Mark Hoban also called for investigators to have access to bankers' telephone, email, Facebook and Twitter accounts, in order to investigate criminal action.
http://is.gd/89or35
The Libor Scandal Explained
Graphic
http://is.gd/u5QBXF
Bankers robbing Central Banks and governments: Max Keiser
Video
Max talks to Ellen Brown about the European Stability Mechanism as a permanent bailout fund for the rich.
http://www.youtube.com/watch?v=K1L_KUnPlQU&feature=youtu.be
The Real Libor Scandal
By Paul Craig Roberts and Nomi Prins
We have learned that the Fed has been aware of Libor manipulation (and thus apparently supportive of it) since 2008. Thus, the circle of complicity is closed.
http://www.informationclearinghouse.info/article31866.htm
How Wall Street Scams Counties Into Bankruptcy
By William D. Cohan
For some reason, Wall Street never seems to get the message that bribing government officials, and paying each other off, to get access to lucrative municipal-bond underwriting business is illegal.
http://www.informationclearinghouse.info/article31898.htm
The Libor Scandal In Full Perspective
By Paul Craig Roberts
The Federal Reserve and the Bank of England should be indicted for their participation in the fraud.
http://www.informationclearinghouse.info/article31935.htm
From Information Clearing House
--------
LIBOR Scandal Jumps Pond: US Banks, Regulators Face Grilling over Manipulation of Baseline Interest Rate
http://www.commondreams.org/headline/2012/07/10-4
A Challenge To American Regulators Over LIBOR Scandal
http://www.commondreams.org/view/2012/07/10-1
Time for Banksters To Be Prosecuted
http://www.commondreams.org/view/2012/07/10-9
Wall Street Crimes of 2008 Go Unpunished
http://www.commondreams.org/headline/2012/07/12-3
The Challenge of Keeping Banks Honest
http://www.commondreams.org/video/2012/07/16-0
--------
Fractional Reserve Banking, Government, and Moral Hazard
http://lewrockwell.com/paul/paul813.html
How the Feds Feed the Rich
http://lewrockwell.com/bonner/bonner560.html
The Untouchables
http://lewrockwell.com/north/north1172.html
Ron Paul Has the Final Say
http://lewrockwell.com/spl4/ron-paul-has-final-say.html
What central bankers actually believe
http://lewrockwell.com/rozeff/rozeff389.html
--------
Kucinich Explains ''LIBOR''
http://www.youtube.com/watch?v=fcyX6Hlqldk&feature=youtu.be
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Kucinich
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Sheila+Bair
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=DoJ
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=central+banking
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Federal+Reserve
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=American+economy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=outsourcing
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+crisis
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+system
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+market
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=banking+system
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Federal+Reserve
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=fractional+reserve
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Wall+Street
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Business
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bailout
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bankruptcy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Barclays
http://freepage.twoday.net/search?q=Bob+Diamond
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bankster
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=interest+rate
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=manipulation
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=libor
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=wealthy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bonus
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Robert+Reich+Blog
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Aaron+Task
http://freepage.twoday.net/search?q=Ben+Protess
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Matt+Taibbi
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Katrina+vanden+Heuvel
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=com/paul
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Max+Keiser
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Ellen+Brown
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Paul+Craig+Roberts
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Nomi+Prins
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Paul+Jay
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=William+D.+Cohan
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=com/bonner
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=com/north
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Bob+Adelmann
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=com/rozeff
-----
Starmail - 10. Jul, 05:51
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