Barclays's LIBOR corruption scandal.

Jul 23, 2012 | Posted by: Mr_Bill | Full story: www.newyorker.com

In order to work well, markets need a basic level of trust. As Alan Greenspan said, in 1999, "In virtually all transactions we rely on the word of those with whom we do business." So what happens to a market in which the most fundamental assumptions turn out to be lies? That is the question in a scandal that has roiled the banking industry all ... (more)

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“Open your eyes”

Since: Sep 09

Central Florida

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#1
Jul 23, 2012
 

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Wow, finally Bill! Show the scandal.

This LIBOR scandal is huge. We all know the game is rigged, but, this just confirms it. Everything is based off of the LIBOR rates. Housing loans, car lons, interest rates, etc..

And what is going to happen to these guys committing the fraud? Nothing. Just like Corzine, they walk. And what was the response from Diamond? "I'm sorry."

Yep that's right, "I'm sorry" I just F'ed you all over in conjunction with the Bank of England and 200 American Banks that were all involved.
June 44th 2012

Noblesville, IN

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#12
Jul 23, 2012
 
Kahoki wrote:
Wow, finally Bill! Show the scandal.
This LIBOR scandal is huge. We all know the game is rigged, but, this just confirms it. Everything is based off of the LIBOR rates. Housing loans, car lons, interest rates, etc..
And what is going to happen to these guys committing the fraud? Nothing. Just like Corzine, they walk. And what was the response from Diamond? "I'm sorry."
Yep that's right, "I'm sorry" I just F'ed you all over in conjunction with the Bank of England and 200 American Banks that were all involved.
Euro 12 Uions + NY = 13!;-00000000000h, n 49 State wil bee!!;-00

“your life is great”

Since: Aug 09

you poop in clean water

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#13
Jul 23, 2012
 

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our entire economy is a lie.
Wall Street Government

Sebastian, FL

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#14
Jul 23, 2012
 

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When the government bases our economy on how well the crooks are doing on Wall Street, it is a lie .
halito

Winnemucca, NV

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#15
Jul 24, 2012
 
Whats a Mort gage?

“It's a Brand New Day”

Since: Feb 06

New Rochelle

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#16
Jul 24, 2012
 

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halito wrote:
Whats a Mort gage?
a sally port for loans.
June 45th 2012

Noblesville, IN

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#17
Jul 24, 2012
 
halito wrote:
Whats a Mort gage?
More-e+tea-ea=mort->gage-ge +y=gay+GE slow gang is imagination @ no jobs!!! work;-0000
June 45th 2012

Noblesville, IN

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#18
Jul 24, 2012
 
Mr_Bill wrote:
<quoted text>
a sally port for loans.
U finger pt at CO university Phd fund$$$;) does Mike Bloomberg is Knight by the Queen!!;-0000 Bloomberg Knight;)

“It's a Brand New Day”

Since: Feb 06

New Rochelle

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#19
Jul 25, 2012
 
June 45th 2012 wrote:
<quoted text>
U finger pt at CO university Phd fund$$$;) does Mike Bloomberg is Knight by the Queen!!;-0000 Bloomberg Knight;)
no, king in a field of pawns.
June 46th 2012

Noblesville, IN

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#20
Jul 25, 2012
 
Mr_Bill wrote:
<quoted text>
no, king in a field of pawns.
Ohio had king island it's cool!!! ;)

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