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Libor was a criminal conspiracy from the start
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2012 Jul 23, 4:59am 1,245 views 1 comment
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Tenpoundbass
2012 Jul 23, 6:56am
Tenpoundbass
2012 Jul 23, 6:56am
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
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.