LIBOR aka LIE-MORE

[Burroughs]

http://www.youtube.com/watch?v=qZWDemn_njg

the world just found out that all the biggest banks are in bed together. (DUH!)

They are all implicated in a vast conspiracy to lie to the public, and create artificial investor confidence that benefits no one but themselves.

Mass criminal charges are already being prepared -- by labor unions, local banks, local governments, state governments and federal governments -- as a result of this move by the Department of Justice.

 

[sodbuster]

BUT, you know NO ONE went to jail over the whole faked mortgages/bank fraud that just about sank the economy. Back in the S and L crisis, about 1000 people were locked up.

 

[Burroughs]

BUT, you know NO ONE went to jail over the whole faked mortgages/bank fraud that just about sank the economy. Back in the S and L crisis, about 1000 people were locked up.

VERY TRUE its a travesty :box:

But this scandal may end up being a lot larger on the global scale...this is fraud at the bank to bank lending level...and its fully exposed.

 

[Married Buried]

America is the land of the crooks. This country is going down the drain.

 

[betheman]

America is the land of the crooks. This country is going down the drain.

Its not just America, over here in the UK we do pretty good line in financial crooks too.
edit: cant view this video in my country (UK) any links to other sources?

 

[Burroughs]

cant view this video in my country (UK) any links to other sources?

http://www.bbc.co.uk/news/business-18930191

LIBOR is the interest rate that banks charge each other for one-month, three-month, six-month and one-year loans. LIBOR is an acronym for London InterBank Offered Rate. This rate is that which is charged by London banks, and is then published and used as the benchmark for bank rates all over the world.

 

[Poonani Maker]

http://www.youtube.com/watch?v=ZxRN_ZZl7ho

 

[HalfAddict]

This gets creepier...

One bizarre connection to the tragedies that took place at the Sandy Hook, Newtown, Conn., school is that the father of murderer Adam Lanza has a connection to the theater shootings that took place in Aurora, Colorado earlier this year by shooter James Holmes.

Killer's Adam Lanza and James Holmes fathers were reportedly expected to testify in the Libor bank scandal trial that took place in June. Peter Lanza, the Newtown Conn. killer's father is the Vice President and Tax Director at GE Financial, while Robert Holmes, father to Aurora, Colorado theater shooter, James Holmes, is the head scientist of FICO.

http://www.examiner.com/article/lib...ghtening-connection-to-mass-shootings-of-2012

 

[Burroughs]

from comment:

we operate under a command & control model (switching network), whereas Taleb suggests we adopt a self-ordering model (internet protocol network).

Good luck convincing the regressive types, such as the self-professed Progressives, of that. Even the internet geeks are voting for the Left's totalitarian model, even as the geeks squeal against Net Neutrality, which their own political hustlers try to enforce upon us all.

Let's face it, our species is a bad joke against itself.

 

[donking]

and how many of these banks are owned by israel-firsters? hmm..

 

[Scaramouche]

Dear Donking,
"and how many of these banks are owned by israel-firsters?"...The power of these people never fails to amaze me,I suppose it's down to superior intellect,but the Chinese will give them a run for their money LOL.

 

[Down Low]

Robert Holmes, father to Aurora, Colorado theater shooter, James Holmes, is the head scientist of FICO.

"Head scientist" would be a good title for his job. Certainly not "mathematician," since credit scores are a mishmash of unrelated factors that can easily be manipulated. (Your home address can be a mail drop in a rich zip code, it's easy to have the "proper" number and types of accounts, job/income is whatever you self-report on applications, etc.) Just look at how many people with high credit scores had all their accounts rapidly go from "paid as agreed" to "included in bankruptcy." Similarly, many high-rated stocks went belly up in 2007-09.

Tattle sheets AKA credit reporting is a racket. I advise all my friends to "fix" their credit reports, and to create a searchable Fakebook page that verifies their fake info and personal blandness.