U.S. Banks Face Criminal Probe Into Global Interest Rate-Fixing Scheme

A new nightmare on Wall Street? U.S. banks face criminal probe into global interest rate-fixing scheme as Barclays blows the whistle on America's financial giants

Some of America's top banks are set to be dragged into a major criminal investigation of a global interest rate-fixing scandal about to engulf some of Wall Street's biggest institutions.

It emerged tonight that Barclay had struck a deal of 'extraordinary co-operation' with regulators in Washington and London - potentially exposing collusion on interest rates among banks across the globe.

The bank admitted to manipulating key interest rates, increasing pressure on other banks to cooperate in a probe that could cost the financial industry billions of dollars.

The agreement came after coordinated investigations lasting years and is just the first in a series of potential cases against other financial firms, including HSBC, Citigroup and JPMorgan Chase.


Read more: http://www.dailymail.co.uk/news/art...-Americas-financial-giants.html#ixzz1zFFCsGQc

 

Right on...

 

I think it is just incredible that this crap is being exposed! :2thumbsup:

 

It is, but there's much more that isn't. If people only knew what went on in those back rooms.


Did you check this out yet? http://www.hipforums.com/newforums/showthread.php?p=7301960#post7301960&f=420 It'll make your skin crawl...

 

Thanks for reminding me to go back and read that.

 

This obscure book becomes even more interesting with the new health plan.
Hickel, Walter J. > Who Owns America? 1971
It's extremely well footnoted and he pretty much proves it's all owned by the insurance companys.

 

There is a shortage of ethics proffs at Yale. Has anyone seen Michael Milken?

 

Here we go:

"Barclays bank chairman Marcus Agius to resign"

"Mr Agius made his decision to quit on Saturday night.

In his resignation statement he is expected to say the scandal had been a "devastating blow to the bank's reputation" and apologise to staff, customers and shareholders."

http://www.bbc.co.uk/news/uk-18665719

 

https://www.youtube.com/watch?v=0oV2mI0IYp8"]It's over for the banking cabal. 4.jul.2012 - YouTube

shabam, msm will gleam over this


http://www.bbc.co.uk/news/business-18622907

http://buzz.money.cnn.com/2012/07/04/barclays-libor-email/

http://www.businessweek.com/news/20...ys-penalized-for-being-first-fined-over-libor

https://www.youtube.com/watch?v=CI2M1olG2Oo"]What is Libor and why should we care? - YouTube

 

Past time. Past due for all of this to come out.

 

This is awesome, maybe something will happen.....

 

Doubt it. Nobody seems to notice big stories anymore, hardly anyone in the u.s will recognize a scandal that is essentially global when it's coming from a UK bank

 

......As though it's not the guys cousins running the US banks into the ground in the same sorts of ways.

But, you're right....

 

It's a shame that nobody is paying attention to this Libel Scandal. Nobody can see it but we are basically watching the economy collapse. It's all too boring for people, all they want to see is the propagated media hype an incident when in reality this is as real as it gets. Who else wanna bet that the market will bust after the presidential election?

 

People only see what the media is told to show to them...

 

Market sure did bust after the last election.

 

Wall Street's Latest Sucker: Your Hometown

The article will explain how banks' manipulation of Libor resulted in municipalities, hospitals, and colleges as much as $600 million a year.

Read here: http://finance.fortune.cnn.com/2012/07/11/libor-sucker-hometowns/?hpt=hp_t2

 

More news:

http://www.huffingtonpost.com/2012/07/13/new-york-fed-libor-documents_n_1671524.html

 

http://the2012scenario.com/2012/07/...ating-libor-for-decades-scandal-going-global/

According to this story, the Federal Reserve was “worried” about possible Libor manipulations “15 years ago’. I’d say that was because they feared, even back then, that the role of the banks in such a major manipulation of the banking system would eventually lead back to their own manipulation of the entire world’s economic system.


Time to get out the pitchforks and torches I say!...:biker: