LIBOR Banking Scandal

[Zach929rr]

Kind of surprised that this hasn't been posted here. Basically banks have been altering their submissions to the LIBOR calculation in order to benefit trading positions and public perception of health.

http://www.dailyfinance.com/2012/07/09/the-800-trillion-scandal-how-banks-libor-lies-affected-you/

Capitalism at its finest.

[Snowman]

Hey, it's buyer beware. Isn't that always been the first rule?

[Ghosty]

If you wanna get even more pissed off, read the Rolling Stone article this month about this. It's SICKENING. Actually, if you're prone to violence, I'd avoid reading it. You might go postal on some bank, or join the Occupy movement, lol. Be forewarned...

[Zach929rr]

Hey, it's buyer beware. Isn't that always been the first rule?

I'm not sure how this applies to global manipulation of interest rates by powers out of my control.

[dirkterrell]

And here is our government's response:

http://www.market-ticker.org/akcs-www?post=208243

Steal money from people, maybe get caught and fined, and, if so, then pass on the fine to customers. With that sort of business model, why do they need to pay high commissions to retain talent? A monkey could make money with that scheme.

[dirkterrell]

I'm not sure how this applies to global manipulation of interest rates by powers out of my control.

Sarcasm alert. :)

[Ghosty]

I'm not sure how this applies to global manipulation of interest rates by powers out of my control.
Maybe he means that anyone who voted for someone other than Ron Paul, has "bought into this mess". :D

In other words, Democrat or Repuplican = BANK PUPPETS and protectors.

[Zach929rr]

Sarcasm alert. :)

Indeed. My A.M. detectors are malfunctioning.

[dirkterrell]

In other words, Democrat or Repuplican = BANK PUPPETS and protectors.

And that is the truth right there.

[Ghosty]

Meh, the billionaire douchebag Koch brothers will be PURCHASING our next president (Romney)...

[Ghost]

Meh, the billionaire douchebag Koch brothers will be PURCHASING our next president (Romney)...

www.youtube.com/watch?v=u91LHH-vkBY (http://www.youtube.com/watch?v=u91LHH-vkBY)



https://sphotos.xx.fbcdn.net/hphotos-ash4/s720x720/394609_10151014526297908_1105479973_n.jpg


https://sphotos.xx.fbcdn.net/hphotos-ash4/293107_438774559496355_60535847_n.jpg

https://sphotos.xx.fbcdn.net/hphotos-prn1/s720x720/553212_438894252817719_1693639142_n.jpg

[Ghosty]

"CITIZENS UNITED", BAHAHAHahaha!! Should be renamed "Corporations United", it's sickening. "Corporate Personhood"... Romney's fully onboard too, ugh.

[Ghost]

"CITIZENS UNITED", BAHAHAHahaha!! Should be renamed "Corporations United", it's sickening. "Corporate Personhood"... Romney's fully onboard too, ugh.


And roughly 50% of Congress are millionaires, so they're just as on-board and bought and sold by CU as Romney. We're reaching the same levels of plutocracy of the Roman Empire, but there aren't any Huns at the door this time and our generation and those below us are all just powerless and screwed...

http://buzzflash.org/node/13593

[Zanatos]

Look on the bright side. You can still go to college and incur huge debts that you will never be able to repay.

http://i.imgur.com/xvTFs.png

http://i.qkme.me/358qe0.jpg

[#1Townie]

Until we change the whole my team and your team thinking nothing will change. republicans and democratsHave both fucked this country up. Frank will vote for romney just because. Others will vote for obama just because thats their guy. Its sad to the simplest military tactic used on us and it works so well. divide and conquer........

[Zanatos]

Until we change the whole my team and your team thinking nothing will change. republicans and democrats have both fucked this country up. Frank will vote for Romney just because. Others will vote for Obama just because that's their guy. Its sad to the simplest military tactic used on us and it works so well. divide and conquer........


When the Supreme Court decided that corporations are people and corporate money is freedom of speech - real human beings (like us) essentially lost our voice in government.

Now, as far as our politicians are concerned - corporations are the only people who matter.

[Ghosty]

When the Supreme Court decided that corporations are people and corporate money is freedom of speech.
We can all thank the Conservative members of the SCOTUS for that big pile of shit ruling.

[Ghost]

The true divide is between the rich and everyone else, and the leveling factor used to be the power of the vote. But with CU and Corporate Personhood, the rich just won by rigging the entire system to support them. Their power grew exponentially while ours is completely lost.