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Libor was a criminal conspiracy from the start

By jhall   Follow   Mon, 23 Jul 2012, 11:59am   182 views   1 comment
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http://theautomaticearth.org/Finance/libor-was-a-criminal-conspiracy-from-the-start.html

From the article:
...evidence over the past week, if not long before, suggests that Libor was set up the way it was, BECAUSE the idea was to make it prone to manipulation. It was a criminal conspiracy from the start, and a whole slew of regulators and politicians were in on it. And still are.

Bankers were left free, legally, to call each other every morning and set Libor rates where it suited them. There was no outside control. None.

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1. CaptainShuddup Follow Befriend (1) 250 threads 4,758 comments

   1   1:56pm Mon 23 Jul 2012   Share   Quote   Permalink   Like   Dislike (1)   jhall says Bankers were left free, legally, to call each other every morning and set Libor rates where it suited them. There was no outside control. None. Well Obama inherited it? Even if he championed the bill to bail out the banks in 2008, when he abandoned the campaign trail. Typical, he doesn't research anything he signs his name to. Or DOES he? Bwahahahahaha ha ha ha ha