Skip to comments.LIBOR Banking Scandal Deepens; Barclays Releases Damning Email, Implicates British Government
Posted on 07/04/2012 1:56:35 PM PDT by Colonial Warrior
"This Libor-manipulation story grows crazier with each passing minute. We have officially disappeared now down the rabbit-hole of the international financial oligarchy.
Former Barclays CEO Bob Diamond is testifying before parliament in London today...."
(Excerpt) Read more at rollingstone.com ...
There goes the Royal Family...the House of Cards is starting to fall!
I can't wait until somebody decides to investigate what "Prime Rate" is.
“Indices” is the plural of “Index”, for those of you in Rio Linda.
The LIBOR is all connected to variable credit lines (ARMs, credit cards, etc.). This could be huge.
Matt is a rabid Communist who hates capitalism, so take his spin with a grain of salt.
He’s a refugee from some Daily Collegian who apparently could only land a job at Rolling Stone.
I remember when Rolling Stone was cool, 40 years ago.
I know I am a victim on this! /sarc
It is, and as I read the story, ordinary consumers benefited from this ‘deception’, and the banks took it in the shorts.
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