The Reality, Extent, and Depth of LIBOR- ALL BANKS INVOLVED

Mon Jul 09, 2012 7:36 pm » by **Seahawk**

An interesting interview that indicates the possible collusion between all existing (regulating and policy setting) banks- in this world wide scandal. A world wide cartel- indeed.

So, is it just going to fall to the wayside? Is this considered over, and done with- with one resignation- or will it continue to fall like a house of cards? Let's hope for the latter. It seems to be up to some white hats in Great Britain- to continue pushing the issue. Do it to it, old chaps!!!! :flop:

Seems that in America, all hands in the banking industry cookie jar scheme- from the ones from on high, the expansive list of bought and paid for politicians, their aides (who tell them what to do, :roll:

) the lawmakeers, and the cabals contingent of lawyers, judges, the media, etc., are in it waist deep- and higher.

What to do? What to do? Awwww. Just ignore it, someone will fix it, right?

"Tell the rabble to be quiet, we anticipate a riot...."

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Mon Jul 09, 2012 9:57 pm » by **Mushroom**

In the UK, facing the worst austerity measures for a long time, the Government keep telling us 'We're all in it together' ... Maybe they are telling the truth, In a round-about way.

Attempts by George Osborne to pin the blame for the Libor fixing scandal on former Labour ministers seem to be undermined after deputy Bank of England governor Paul Tucker told MPs that he had not been leaned on to encourage Barclays to cut its rates.

Tucker, a candidate to succeed Mervin King as Bank governor, said that he did not discuss Libor with Ed Balls or Baroness Shriti Vadera during October 2008. Tucker also denied he had personally lent on Barclays to reduce its Libor submission.

Tucker was brought into the Libor scandal after Barclays published a memo which was interpreted by one insider as encouraging the bank to cut its Libor submissions at the behest of "senior Whitehall figures". Hours after that memo was published last Tuesday, the chancellor told the Spectator that allies of Gordon Brown were "clearly involved" in attempts to manipulate the Libor rate. He added that Balls had "questions to answer".

Balls on Monday called on Osborne to withdraw his claims and apologise. "It is now absolutely clear that the Chancellor's allegations last week were totally false and completely without foundation. George Osborne should now publicly withdraw these false allegations and apologise. With the economy in a double-dip recession and our banks in need of serious reform, the country needs a Chancellor who works full-time in the national economic interest," said Balls.

In his appearance before MPs on the Treasury select committee, Tucker was asked repeatedly whether he had been asked by officials or ministers – and specifically Vadera – about whether he had been asked to lean on Barclays. "Absolutely not," Tucker replied.

Chris Leslie MP, Labour shadow financial secretary, said: "The game is up for George Osborne. This is now the final nail in the coffin of the Tory smear campaign the Chancellor led last week. It is now crystal clear that the allegations he threw around were completely wrong and without foundation".

It's all just political playmanship.. No real conviction to uncover the truth. In my opinion, The UK government and the Bank of England are as much to blame as the banks..

This has got to make you smile

A CRIMINAL investigation has been launched into alleged rigging of the Libor rate within the banking industry, the Serious Fraud Office (SFO) confirmed today.

SFO director David Green QC formally accepted the Libor issue for investigation after Barclays was fined by the Financial Services Authority (FSA) last week for manipulating the key interbank lending rate which affects mortgages and loans.

The claims ultimately led to the resignation of Barclays boss Bob Diamond and have become the focal point of a fierce political debate over ethics in the banking sector.

The investigation could ultimately lead to criminal prosecutions and bankers facing charges in court.

The SFO's update came after it revealed earlier this week that it had been working closely with the FSA during its investigation and would consider the potential for criminal prosecutions.

The Government department, which is responsible for investigating and prosecuting serious and complex fraud, said on Monday the issues surrounding Libor were "complex" and that assessing the evidence would take time.

Vive la revolutoin... They're all in it together and the SFO are in their pocket

Edit: http://www.guardian.co.uk/business/2012 ... sfeed=true
http://www.dailyrecord.co.uk/news/uk-wo ... -23905198/

Mon Jul 09, 2012 11:15 pm » by **Seahawk**

Yes, Shroom. Good post. :flop:

Probably the SFO and the FSA as well.

It's the same here in the U.S. There are so many hands in the cookie jar, from so many factions, that trying to shed light onto, into it, is like huffing and puffing and blowing down a steel framed structure. Neither has much chance of success.

Tue Jul 10, 2012 6:58 am » by **Mydogma**

Great post...who's calling the kettle black in that equation...all sides of the Elites finacing schemes are just sociopatic nutbars delusions of grandure..niether can sit and say they we're not privy to the others game..either that or they are stupid..most of us have had an insight or two about the racket from above..yet they actually point fingers..well at least they are starting more and more to point their untrusting fingers at eachother instead of blaming the poor dude at the bottom of the decsion food chain..I look forward to the day when people don't make money by just printing it..it seems like a useless job..that I would like to have..haha

Sat Jul 14, 2012 12:44 am » by **Seahawk**

Damn!!!!!!!!!!!

This shit should be pissing people off to no end!!!!!

Sat Jul 14, 2012 12:54 am » by **Mushroom**

Great post Hawk.. I completely agree
Bob Diamond Refused his £20m bonus and got some very good PR; at the same time he accepted his £2m redundancy. He should have been sacked for Gross Misconduct and not recieved a penny.

But on a lighter note... J/k

:cheers:

Sat Jul 14, 2012 12:56 am » by **Seriouscitizen**

ALL BANKS INVOLVED- mean nothing to people????........I guess?????

WTF????

I just don't get it. I really don't.

I can only speak for myself, but i can feel this shit is going on without looking at it. I give all of it a glance. I somehow feel like,. yeah this is probably true. Fuckers.

Seeing all the bulshit they feed us and now seeing some "truth" for the last years made me imune to negativity in a way. I am not longer naive. But i do stay positive.

I read these posts, take it in. And continue on my path for self evolving. To me the only change i can make is spread "love". Sounds cheesy maybe but still. This is how i feel i can make a difference.

Sat Jul 14, 2012 1:08 am » by **Seahawk**

Mushroom wrote:Great post Hawk.. I completely agree
Bob Diamond Refused his £20m bonus and got some very good PR; at the same time he accepted his £2m redundancy. He should have been sacked for Gross Misconduct and not recieved a penny.

But on a lighter note... J/k

I deleted the larger part of my post- too harsh. I was just sitting here, reading shit, and getting pissed off. My post made it seem that I was putting some kind of blame here, or being accusatory, which was not the case, or intention- by any means.

You can retract the "Great post Hawk."

I'm not sure which part you were j/k about, though. lol

And yeah, Serious. I know. I think what you're doing is definitely a good thing.

I try to stay positive, and not let the negativity get to me, but sometimes,... it's just damned difficult to achieve.

Who am I kidding anyway? I hope that I can always hang onto humor. I need it, and it does help, I think.

Sat Jul 14, 2012 1:15 am » by **The57ironman**

...you're right hawk...this should be at the top of the board...

the world is on the brink of f*ck-all...and i can't imagine what's coming up next...

...so gallows humor really takes the edge off....(who wrote that booger post..?..) :mrgreen:

god love ya' , for doing your thing here on this site...
..somebody like you to remind everyone and shake things up...
you seem like a righteous guy...along with many here that are awake to the system

but i think that most of us are almost stupified by the extent of the corruption...
we know it's there...
...but we're waiting for solutions , i guess...
for the shtf scenario...?..i don't know...

....i would like to hear some real solutions being brought to light... :rtft:

as if that will ever get announced in the media...

...where are the ''good guys''..?
..i mean the ones who have the means and ability to do something about it..

we are almost desensitized at this point , with ron paul falling by the wayside in this upcoming election..

did you hear about his ''money bomb'' to raise awareness of his audit the fed actions...?

wtf are we gonna do..?...that's where i've been at for years now...wtf are we gonna do..?

this is for those who wish to stand with my thinkin'.... :arrow:

..hawk...never stop doin' what you think is right and just

.

Sat Jul 14, 2012 1:39 am » by **mediasorcery**

And when they all fail, whose going to come in and fix it all up then i wonder fukin?