Hillary has taken millions from 7 of 14 banks in a lawsuit for rigging interest rates

[think]

She was paid MILLIONS of dollars collectively from these too big to fail banks for speeches at a going rate over $200k for each speech:

Goldman Sachs
Citigroup
JP Morgan
Morgan Stanley
UBS
Bank of America
Deutsche Bank AG

(Another bank on the list HSBC has paid Bill Clinton to speak as well. Many of these banks have also given millions more to her foundation.)

This is epitome of Wall Street corruption and Hillary is willing to take millions in cash from these corrupt banks. This isn't the only criminal investigations or lawsuits that these banks have been involved with either. They have a long and sordid history of such things.

Hillary has already said she doesn't support bringing back a new Glass Steagall bill to break these too big to fail banks up. Banks that are obviously doing things that ALREADY violate US laws and the public trust.

And the American people are suppose to just trust her that all this income won't effect her decisions in regards to regulating and policing these corrupt banks?

U.S. judge rejects 14 banks' bid to throw out rate-rigging lawsuit

A federal judge in Manhattan on Monday rejected an effort by 14 of the world's biggest banks to throw out a private lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market.

U.S. District Judge Jesse Furman said investors led by several pension funds and municipalities could pursue federal antitrust claims over an alleged conspiracy to rig "ISDAfix" from 2009 to 2012, and breach of contract and unjust enrichment claims against most defendants. Other claims were dismissed.

The defendants include Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC Holdings Plc, JPMorgan Chase & Co, Morgan Stanley, Nomura Holdings Inc, Royal Bank of Scotland Group Plc, UBS AG and Wells Fargo & Co.

~Snip~

Banks were accused of rigging ISDAfix for their own gain by executing rapid trades just before the rate was set each day, called "banging the close"; and causing ICAP to delay trades until they moved ISDAfix where they wanted, and post rates that did not reflect market activity....

Read more:
http://www.reuters.com/article/us-banks-rigging-lawsuit-idUSKCN0WU1E8

[BernieforPres2016]

1. How did the other 7 banks get away without paying their toll?

Damn freeloaders.

[HooptieWagon]

2. They gave at the office.

[think]

4. Wouldn't surprise me in the least....

[lewebley3]

7. Sanders sold himself to the NRA: this is post is more propaganda from Sanders or the GOP

[think]

9. This post is about Hillary taking money from banks that broke the law. You going to respond to that

or just make shit up?

Sanders hasn't taken a dime from the NRA.

[lewebley3]

23. Hillary has not broken any laws: the GOP would be all over the media if she had

[think]

24. The law is so weak that this type of corruption is legal. Congratulations. She can take the money

and then appease their interests without breaking the law.

She's doing the exact same thing Democrats use to complain about GOPers doing. But it's OK now since Hillary is doing it right?

[lewebley3]

25. So your admitting you lied: Hillary has not any wrong: You said she broke the law

[think]

26. The BANKS broke the law. That's what I wrote. Do you have a problem with that?

[lewebley3]

33. The banks are responsible for themselves: Hillary is one Dem vote: The GOP

thought the banks were just fine: and the GOP called the cops off
at the SEC.

[think]

34. The banks rigged markets, lied to their clients, and broke many other laws. Hillary took their money

for her speeches.

She knew they were violating the law. Still she took their money knowing she was going to run for president and possibly oversee these banks as our commander in chief

If she was in office when she made those speeches it would have violated the law. She used her two years off to cash in. Congrats. She knows how to game the system. That probably makes you damn proud that she knows how to avoid breaking the law by skirting it...

[HooptieWagon]

20. David Brock is that you?

[lewebley3]

27. I wish I had the talent to write a booK:Thanks

[think]

3. Goldman Sachs must have chipped in for their share...

[Octafish]

5. Phil Gramm is Vice Chair of UBS working with Bill Clinton and George W Bush.

After his exit from the US Senate, Phil Gramm (R-TEX-uss) immediately found a job at Swiss bank UBS as its Vice Chairman. Gramm today works in the Wealth Management department, where he brought on, among others, former President Bill Clinton and former pretzeldent George W Bush.





See for you'self.

It's a Buy-Partisan Who's Who:

President William J. Clinton
President George W. Bush Heh heh heh.
Robert J. McCann
James Carville
John V. Miller
Paula D. Polito
Anthony Roth
Mike Ryan
John Savercool

SOURCE: http://financialservicesinc.ubs.com/revitalizingamerica/SenatorPhilGramm.html

Who would have thought President Clinton and Sen. Gramm -- the two key figures in repealing Glass-Steagall -- would work together in Wealth Management at a Swiss bank?

Since the New Deal, Glass-Steagall had protected the US taxpayer from the Wall Street casino by law. After its repeal, the US taxpayer got put on the hook for, among other things, the most recent $16 trillion Wall Street bailout.

In September 2008 on DU2 I described the situation: Know your BFEE: Phil Gramm, the Meyer Lansky of the War Party, Set-Up the Biggest Bank Heist Ever.

Those interested may also enjoy what Robert Scheer thinks about Phil Gramm.



https://panamapapers.icij.org/20160403-panama-papers-global-overview.html

Until the Panama Papers, this information wasn't much interest to the USA's "news media." They don't like to disturb their owners and operators any more than they have to.

ETA: Great OP, think! How can one ever suspect a friend is a crook?

[think]

12. Great material that should be required reading by the general public. They would be outraged if

they knew.

These politicians are all about making themselves rich by exploiting the American people.

Thank you Octafish!

[BernieforPres2016]

18. The information is easy to find for anybody who wants to look

There are currently 428 former members of Congress working as lobbyists. Many former members who were Democrats now lobby on behalf of industries they supposedly opposed when they were in Congress, and many of them work for firms who have former Republicans lobbying on behalf of the same clients.

https://www.opensecrets.org/revolving/top.php?display=Z

And that's just the tip of the iceberg. Add former Cabinet members, former Presidential and Congressional staffers, former "regulators" who now work for the industry they supposedly regulated, the revolving door between government and Wall Street. It goes on and on.

[Armstead]

21. Should make this an OP

It illustrates the crux of the problem.

I remember the days when progressive Democrats used to complain about people like Dick Gephardt for not fighting the GOP and Corporate agenda hard enough.....Well his present employment as a lobbyist gives some indication. Too mnay have followed the same path.

[think]

22. Thank you for pointing out how the revolving door is corrupting our government in such a huge way.

Corporations buy our leaders and get the representation they want rather than the American people...

[libdem4life]

6. She did tell them to "Cut it Out" but I'm guessing they didn't hear that.

What they did hear and appreciate to the tune of 6 figures, was what she said in her speeches with the phantom transcripts.

Yes, I'd like to see the transcripts too, but "It's what they offered" pretty much said it all.

Lordy, they don't want Sanders anywhere near the Goldmine. The modern version of .... Let them eat cake.

[lewebley3]

8. Sanders sat doing nothing in the Senate: he was watched the GOP trash the country

[think]

10. Can't respond to the facts at hand so you just spout some baseless opinion. Good grief....

[lewebley3]

11. I have responded Sanders has no accomplishments; Just the facts

[libdem4life]

13. I know, like Sanders was the only one in the Senate. Fails to grasp

that a Senator's job is to represent only their state. Back to Civics 101.

This poster never fails to deliver non-thought out tripe.

[think]

15. It was certainly a bizarre wild swing and a miss on the part of the OP. /nt

[scscholar]

30. He renamed a couple of post offices

That's not nothing.

[lewebley3]

31. I take you point: and stand corrected: Thank-You

[think]

36. 2 Veterans groups have given him awards for the work he has done on their behalf

http://www.legion.org/pressrelease/224420/sanders-miller-receive-legion%E2%80%99s-patriot-award

http://www.sanders.senate.gov/newsroom/recent-business/vfw-congressional-award

So please go elsewhere with your ignorant smears....

[Scuba]

14. But there's no quid pro quo. Not even a conflict of interest. Read it right here on DU.

[think]

17. Yep. There's a lot of heads buried DEEP in the sand along the denial river.

That's the sad truth of the matter. Amazing how many are in that group here...

[lewebley3]

32. Stop whinning and start fighting the Trump not the Dem's

[trudyco]

16. Didn't know about the lawsuit

Thanks for posting.

[think]

19. Very welcome. Please note that this is separate from the LIBOR market rigging scandal

That was a whole other nasty scandal

http://www.forbes.com/sites/greatspeculations/2014/03/18/fdic-sues-16-global-banks-for-roles-in-manipulating-libor/#5a6034a96312

[arcane1]

28. And those banks would be DELIGHTED if she loses to Trump and they get to blame "socialists" for it.

[AzDar]

29. So incredibly corrupt...

[Skwmom]

35. Sorry, we are the party of Corruption Deniers.