'Where Is the Press With the Outrage?' This Major Financial Scandal Has Santelli Up in Arms

The Blaze ^ | 7/17/12 | Becket Adams

[Nachum]

Rick Santelli on Monday tore into the mainstream media for ignoring the London Inter-Bank Offer Rate (LIBOR) scandal and chided them for wasting time on petty and useless headlines.

Wait, what’s the LIBOR scandal?

“LIBOR … is the average interest rate the world’s largest banks pay when they borrow money. And this figure … is used to price hundreds of trillions of dollars worth of financial instruments, from high-yield corporate debt to student loans,” Christopher Matthews writes for TIME Business.

Simply put, LIBOR isn’t just some “financial services sector thing” — it affects the everyday interest rates associated with loans, credit cards, etc.

This is where things start to go downhill.

Barclays, one of the world’s largest banks, admitted two weeks ago that it had submitted false data in order to keep its borrowing rates low. And while that alone is enough to cause concern, the real problem lies in the fact that Barclay’s wasn’t the only bank pulling this kind of stunt.

[Nachum]

Obama and TARP

[Nachum]

The list, Ping

Let me know if you would like to be on or off the ping list

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[Jane Long]

Where is the press on EVERY scandal surrounding this administration??

Where is the press? Bought and paid for.

[Lib-Lickers 2]

it’s more important for the media to report that Obama’s favorite Girl Scout cookies are the Thin Mints

[philman_36]

The kernels haven’t even started to pop good on this popcorn party.

[gcraig]

Wonder where are the indictments? Where are the congress critters hopping up & down asking for treasury secretary resignation? Why doesn't the press ask what did obama know and when did he know it?

I guess the only thing we can do anymore is grit our teeth and hoist a middle finger towards Washington DC. Or better yet, boil it down to just FUBO.

[outofsalt]

If Romney said he would appoint Rick Santelli as SecTres I might get excited about supporting him.

[Tigen]

JOHN CORZINE, TIM GEITNER, BARACK HUSSEIN OBAMA, are involved in this !!!

[Buckeye McFrog]

The American Hitler will get elected on a promise to send the bad bankers to Leavenworth. And the really bad bankers to Gitmo.

[Kartographer]

Well it would be a change from having thebad bankers working for the FED and the REAL BAD bankers working for the Government.

[Tijeras_Slim]

Where is the press? Bought and paid for.

Paid for? No, they're giving it up for free like the cheap sluts they are.