Hidden financial ...
Follow
Find tag "Libor"
23.9K views | +6 today
Hidden financial system
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.   ~~~  Arthur Schopenhauer
Curated by Cyrille
Your new post is loading...
Your new post is loading...
Rescooped by Cyrille from Backstabber Watch
Scoop.it!

Is this the next Libor scandal? European regulators are probing foreign-exchange market manipulation

Is this the next Libor scandal? European regulators are probing foreign-exchange market manipulation | Hidden financial system | Scoop.it
Can we trust any financial indexes any more? This morning Swiss regulators announced an investigation into potential manipulation of foreign currency exchange rates.

Via #OpDejaVu
more...
#OpDejaVu's curator insight, October 8, 2013 8:06 PM

We The People are totally pissed off at the parasites of finance.  Is there anyone they will not steal from?


Scooped by Cyrille
Scoop.it!

CNBC reporter : “They’re Going to Put the Old System In a Coma”!

CNBC reporter : “They’re Going to Put the Old System In a Coma”! | Hidden financial system | Scoop.it

Well, I think what they’re going to do, Joe, is basically put the old system in a coma, and work to devise something that’s a little bit better, and it’s going to be tricky.

more...
No comment yet.
Scooped by Cyrille
Scoop.it!

Li(e)bor: The Cartel Emerges (Spiegel)

Li(e)bor: The Cartel Emerges (Spiegel) | Hidden financial system | Scoop.it

Just when you thought the Li(e)bor scandal had jumped the shark, Germany's Spiegel brings it back front-and-center with a detailed and critical insight into the 'organized fraud' and emergence of the cartel of 'bottom of the food chain' money...

more...
No comment yet.
Scooped by Cyrille
Scoop.it!

David Wilcock on LIBOR fraud

David Wilcock on LIBOR fraud | Hidden financial system | Scoop.it

>>> MUST READ

 

The Department of Justice -- home of the US Marshals -- has now blown the lid off of the biggest financial scandal in human history... after a highly covert three-year investigation.

more...
No comment yet.
Scooped by Cyrille
Scoop.it!

Have Banks Been Manipulating Libor for DECADES?

Have Banks Been Manipulating Libor for DECADES? | Hidden financial system | Scoop.it

The FSA has identified price-rigging dating back to 2005, yet some current and former traders say that problems go back much further than that. “Fifteen years ago the word was that LIBOR was being rigged,” says one industry veteran closely involved in the LIBOR process. “It was one of those well kept secrets, but the regulator was asleep, the Bank of England didn’t care and…[the banks participating were] happy with the reference prices.” Says another: “Going back to the late 1980s, when I was a trader, you saw some pretty odd fixings…With traders, if you don’t actually nail it down, they’ll steal it.”

 

more...
No comment yet.
Scooped by Cyrille
Scoop.it!

Big Banks Have Criminally Conspired Since 2005 to Rig $800 Trillion Dollar Market

Big Banks Have Criminally Conspired Since 2005 to Rig $800 Trillion Dollar Market | Hidden financial system | Scoop.it

“Sadly the response looks to be very consistent with the response of policy makers to the banking disasters we’ve seen over the last four years — cosmetic changes, but nothing substantial happens,”

more...
No comment yet.
Scooped by Cyrille
Scoop.it!

British banking scandals rock public confidence in the City - Solicitor General

British banking scandals rock public confidence in the City - Solicitor General | Hidden financial system | Scoop.it

 

Britain’s Solicitor General, Oliver Heald QC has said that public confidence in Britain's financial institutions has been weakened by a series of scandals, including the LIBOR scandal, which affected markets around the globe. He said the profile of economic crime is now higher than ever before.

 

more...
No comment yet.
Scooped by Cyrille
Scoop.it!

Tim Geithner Admits Banks Bailed Out With Rigged Libor, Costing Taxpayers Huge Amount

Tim Geithner Admits Banks Bailed Out With Rigged Libor, Costing Taxpayers Huge Amount | Hidden financial system | Scoop.it

The government knowingly used an artificially low interest rate when setting bailout terms for big banks and insurance giant AIG, costing taxpayers millions, maybe billions.

more...
No comment yet.
Scooped by Cyrille
Scoop.it!

Exclusive: Prosecutors, regulators close to making Libor arrests

Exclusive: Prosecutors, regulators close to making Libor arrests | Hidden financial system | Scoop.it
Leaked word of looming arrests for some of the top operatives in the Banking Cabal has hit the wires...

 

The language used in this article makes it clear that THERE WAS A GRAND CONSPIRACY AMONGST THE LARGEST BANKS IN THE WORLD!

 

"charging them with colluding to manipulate global benchmark interest rates"

 

"traders at major banks allegedly sought to influence the London Interbank Offered Rate, or Libor, and other global rates that underpin hundreds of trillions of dollars in assets."

 

"financial regulators are focusing on a ring of traders from several European banks who allegedly sought to rig benchmark interest rates such as Libor"

 

"regulators are checking emails among a group of traders and believe they are close to piecing together a picture of how the suspects allegedly conspired to make money by manipulating rates"

 

"More than a handful of traders at different banks are involved"

"There are also probes in Europe concerning Euribor, the Euro Interbank Offered Rate"

 

"more than a dozen current and former employees of several large banks are under investigation"

 

"documents released by the New York Federal Reserve Bank this month that show regulators in the United States and England had some knowledge that bankers were submitting misleading Libor bids"

 

"banks face a growing number of civil lawsuits from cities, companies and financial institutions claiming they were harmed by rate manipulation"

 

>>> Source : Bix Weir (via mail)

more...
No comment yet.
Scooped by Cyrille
Scoop.it!

Banks’ Defenses to Potential Trillions in Libor Claims Fail

Banks’ Defenses to Potential Trillions in Libor Claims Fail | Hidden financial system | Scoop.it

The Independent notes that potential liability from the Libor suits could wipe out Barclays, RBS and other banks … and that the big banks have taken inadequate reserves against litigation risks.

more...
No comment yet.
Scooped by Cyrille
Scoop.it!

'The mob learned from Wall Street': Eliot Spitzer on the 'cartel-style corruption' behind Libor scam

Matt Taibbi, Rolling Stone contributing editor, and Dennis Kelleher, president and CEO of Better Markets, analyze the Libor interest rate-rigging scandal

more...
No comment yet.
Scooped by Cyrille
Scoop.it!

Libor : massive global banker scandal revealed

Libor : massive global banker scandal revealed | Hidden financial system | Scoop.it

Now we know exactly why those hundreds of bankers have been resigning in droves all over the world these last several months, they knew this was coming.

more...
No comment yet.
Scooped by Cyrille
Scoop.it!

Barclays Settlement on Libor/Euribor Fixing Illustrates Bank Crime Pays Well

Barclays Settlement on Libor/Euribor Fixing Illustrates Bank Crime Pays Well | Hidden financial system | Scoop.it

Even though the Libor/Euribor price-fixing scandal hasn’t gotten much attention in the US, this is a really big deal.

more...
No comment yet.