is there a connection between massive financial fraud fixing LIBOR and the same people fixing elections by placing a criminal with forged papers in the WH to assist wit massive looting of the US treasury and American citizens?
Posted on | July 17, 2012 | 7 Comments
The LIBOR scandal that has engulfed London’s financial and political elites is entering its third week and picking up steam on this side of the Atlantic.
Among the latest developments:
- The NY Times reports the Justice Department’s criminal division is “building cases against several financial institutions and their employees.”
- State Attorneys General in New York and Connecticut are investigating whether states incurred losses because of LIBOR manipulation which “could lead to a wider multi-state enforcement action,” The WSJ reports.
- Top officials of the British version of the SEC, the Financial Services Authority, will testify before Parliament on why regulators failed to respond to concerns about LIBOR rigging going back to 2008. Congress is set to hold similarly themed hearings later this week and Fed chairman Ben Bernanke is almost certain to be asked about the matter when he testifies on Capitol Hill Tuesday and Wednesday.
In the accompanying video, taped Friday, I discuss the scandal with former New York Governor and Wall Street prosecutor Eliot Spitzer.
“LIBOR is huge,” Spitzer says. “This is about as big as it gets in the financial world. [LIBOR] goes to the heart of every piece of debt that’s issued to consumers — your auto loan, your credit card debt.”
More from The Daily Ticker
Sheila Bair Sees “Significant More Fallout” from LIBOR Scandal: “It’s Outrageous”
LIBOR Scandal Latest Sign of Financial System’s Rotten Core
Why the LIBOR Scandal Matters: ‘Destruction of Confidence to the Nth Degree’
Banks Are Safer But “Not Safe Enough”: Former FDIC Chair Sheila Bair
Aaron Task is the host of The Daily Ticker. You can follow him on Twitter at @aarontask or email him at altask@yahoo.com
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July 17th, 2012 @ 11:01 am
Michael Savage: Obama ‘most evil’ prez ever
July 17th, 2012 @ 2:18 pm
Yessss!
July 17th, 2012 @ 2:50 pm
Arpaio: “national security threat.”
July 17th, 2012 @ 3:36 pm
Contending opinion: complicit multitudes of “the end justifies the means” are the ‘most evil’ ever; certainly the most misguided.
July 17th, 2012 @ 4:54 pm
Barclay’s Bank of London fixes American elections? Who’d a thunk?
July 17th, 2012 @ 7:39 pm
The Link would be, Woodrow Wilson-J.P.Morgan-Rothschild-Federal Reserve Act of 1913 & last but not least the enslavement of the U.S.Population by the Income Tax Act of 1913..100 years of endentured servitude is enuff!
July 17th, 2012 @ 9:14 pm
Well, the Bank of England has been receiving tons of our borrowed money for decades, from the Fed!! And Rothchild, himself is supposed to be living in a special location in England!
Gosh, now I wonder if there is any corralation between our money problems and the Bank of England and Rothchild living there, too?????? Ah, well, ah, gee, ah, hmm! Boy, this is a head scratcher!!! Grrrr!!!