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| One heck of a bank heist! http://www.envirolink.org/forum/viewtopic.php?f=8&t=19376 |
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| Author: | SiberD [ Thu Jul 12, 2012 11:27 am ] |
| Post subject: | One heck of a bank heist! |
And it was done by the banks! In regards to the latest libor rate tampering scam where the only fine levied out so far has been a paltry $453 million from Barclays, one of many banks to have participated. If they can get comparative small fines for perpetuating these frauds, they'll continue to do it. At $100/month per family X about 100 million families = $10 billion stolen per month in the United States alone! As the investigation into the LIBOR interest rate-rigging in the United Kingdom becomes a financial scandal of tsunami-like proportions, some analysts are openly wondering whether 16 of the world's largest banks have perpetrated the biggest fraud in history. With the public coming round to the global significance of banks potentially colluding like a cartel to favourably set the LIBOR, those same analysts predict lawsuits worth tens of billions being brought against the Western world's largest financial institutions by average consumers. Early analysis suggests that for a period of several years before and after the 2008 financial crisis, the London interbank offered rate (LIBOR) was manipulated to such an extent that a family with a $100,000 mortgage would have been $50 to $100 worse off a month because of the fixing. |
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| Author: | Iowanic [ Fri Jul 13, 2012 3:13 am ] |
| Post subject: | Re: One heck of a bank heist! |
So: a bunch of really, really rich people got together and got even richer at the expense of really poorer people. They seem to be getting really good at that.... |
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| Author: | Wayne Stollings [ Fri Jul 13, 2012 4:24 am ] |
| Post subject: | Re: One heck of a bank heist! |
| Author: | SiberD [ Fri Jul 13, 2012 7:47 am ] |
| Post subject: | Re: One heck of a bank heist! |
Ah, I see. So that is something that you all just have a general apathy towards. Sorry to bother you and I'll not be posting any further posts of this sort. |
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| Author: | Iowanic [ Fri Jul 13, 2012 9:58 am ] |
| Post subject: | Re: One heck of a bank heist! |
Thanx, Siber. How's the neck doing? |
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| Author: | Wayne Stollings [ Fri Jul 13, 2012 11:20 am ] |
| Post subject: | Re: One heck of a bank heist! |
| Author: | SiberD [ Fri Jul 13, 2012 7:04 pm ] |
| Post subject: | Re: One heck of a bank heist! |
| Author: | SiberD [ Fri Jul 13, 2012 9:21 pm ] |
| Post subject: | Re: One heck of a bank heist! |
| Author: | Wayne Stollings [ Sat Jul 14, 2012 8:33 am ] |
| Post subject: | Re: One heck of a bank heist! |
| Author: | Iowanic [ Sat Jul 14, 2012 9:38 am ] |
| Post subject: | Re: One heck of a bank heist! |
At least your major body sections haven't begun moving about without premission. I hate when that happens.... |
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| Author: | SiberD [ Sat Jul 14, 2012 4:43 pm ] |
| Post subject: | Re: One heck of a bank heist! |
| Author: | Wayne Stollings [ Sat Jul 14, 2012 7:26 pm ] |
| Post subject: | Re: One heck of a bank heist! |
| Author: | Wayne Stollings [ Sat Jul 14, 2012 7:43 pm ] |
| Post subject: | Re: One heck of a bank heist! |
| Author: | SiberD [ Mon Jul 16, 2012 8:07 am ] |
| Post subject: | Re: One heck of a bank heist! |
| Author: | SiberD [ Mon Jul 16, 2012 8:10 am ] |
| Post subject: | Re: One heck of a bank heist! |
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