Video & Multimedia

DeSwiss

(27,137 posts) Sat Aug 11, 2012, 02:33 PM Aug 2012

LIBOR Rate-Fixing Scandal Sets Off Investigations, Lawsuits Against Big Banks

Published on Aug 10, 2012 by TheRealNews

Cities around the country, from Baltimore to Oakland, are taking legal action against the banks responsible for suppressing the London interbank offered rate, Libor. And some 75% of major cities involved in libor-tied interest-rate swaps stand to reclaim taxpayer losses in addition to libor-backed mortgage holders who lost money on the rate's manipulation.

More news at http://therealnews.com

7 replies

= new reply since forum marked as read

Highlight:

LIBOR Rate-Fixing Scandal Sets Off Investigations, Lawsuits Against Big Banks (Original Post) DeSwiss Aug 2012 OP

And we wondered where all the money went. Law suits, I hope there are criminal prosecutions. sabrina 1 Aug 2012 #1

The only way I can see criminal prosecutions happening..... DeSwiss Aug 2012 #2

There isn't really any other word for it. 'Bribery'. sabrina 1 Aug 2012 #3

Like George Carlin said, "They gotcha by the balls" ~nt 99th_Monkey Aug 2012 #4

The woman's glam shot is the link to more info - dreampunk Aug 2012 #5

Best ''Wall Street Cred'' I've ever seen, bar none. DeSwiss Aug 2012 #7

Great news Mosaic Aug 2012 #6

sabrina 1

(62,325 posts)

1. And we wondered where all the money went. Law suits, I hope there are criminal prosecutions.

Reply to DeSwiss (Original post)

Sat Aug 11, 2012, 03:09 PM

Aug 2012

Still waiting for one single prosecution for the greatest Bank Heist in history.

DeSwiss

(27,137 posts)

2. The only way I can see criminal prosecutions happening.....

Reply to sabrina 1 (Reply #1)

Sat Aug 11, 2012, 03:34 PM

Aug 2012

...is if we start prosecuting the ''regulators'' for malfeasance in office. If not outright bribery.

- They can start here ------>

sabrina 1

(62,325 posts)

3. There isn't really any other word for it. 'Bribery'.

Reply to DeSwiss (Reply #2)

Sat Aug 11, 2012, 04:15 PM

Aug 2012

All these crimes are ignored because they are 'too big to prosecute'. It's infuriating.

99th_Monkey

(19,326 posts)

4. Like George Carlin said, "They gotcha by the balls" ~nt

Reply to sabrina 1 (Reply #3)

Sat Aug 11, 2012, 05:52 PM

Aug 2012

dreampunk

(88 posts)

5. The woman's glam shot is the link to more info -

Reply to DeSwiss (Reply #2)

Sat Aug 11, 2012, 07:17 PM

Aug 2012

Seems her bonafides is real good. Even worked for the best Republican the Dems ever ran for president!

served in various roles as a financial services regulator in the administrations of Ronald Reagan, George H. W. Bush, and Bill Clinton

I'd pretty much say the woman has a stellar criminal background, wouldn't you?

DeSwiss

(27,137 posts)

7. Best ''Wall Street Cred'' I've ever seen, bar none.

Reply to dreampunk (Reply #5)

Sat Aug 11, 2012, 08:57 PM

Aug 2012

- Why you'd have to go to Granville County, North Carolina to find anyone with credentials as good as hers......

[center]Now, this is how you deal with bankers.

[/center]

Mosaic

(1,451 posts)

6. Great news

Reply to DeSwiss (Original post)

Sat Aug 11, 2012, 07:55 PM

Aug 2012

We all need to aim to break up all the big AND central banks. Everything must be democratized.

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