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Date: 07/05/12 04:00 PM

22 Responses to Largest Banking Corruption Scandal Exposed: Libor

  1. Profile photo of kitteh9lives
    kitteh9lives Female 70 & Over
    8033 posts
    July 5, 2012 at 1:59 pm
    Link: Largest Banking Corruption Scandal Exposed: Libor - The Libor scandal engulfing the banking industry is the biggest financial scam in world history. Story in Credits
  2. Profile photo of ferdyfred
    ferdyfred Male 40-49
    13596 posts
    July 5, 2012 at 4:23 pm
    Dayum, blocked in the UK!!
  3. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    36177 posts
    July 5, 2012 at 4:23 pm

    Stock up on ramen.
  4. Profile photo of piperfawn
    piperfawn Male 30-39
    4887 posts
    July 5, 2012 at 4:32 pm
    Not visible in my country :-<

  5. Profile photo of xiquiripat
    xiquiripat Male 18-29
    2423 posts
    July 5, 2012 at 4:33 pm
    Why didn`t we shoot all the bankers again?
  6. Profile photo of swoop408
    swoop408 Male 18-29
    1754 posts
    July 5, 2012 at 4:35 pm
    So...has anyone been arrested yet?
  7. Profile photo of ElMustache
    ElMustache Male 18-29
    1625 posts
    July 5, 2012 at 4:36 pm
    Corruption in banking?! I`m shocked I tell you. Shocked.
    No regulation, no oversight. This is what you get. Everyone of you, regardless of political affiliations, is getting f*cked by the banks.
  8. Profile photo of piperfawn
    piperfawn Male 30-39
    4887 posts
    July 5, 2012 at 4:37 pm
    Poor Kitteh you have hard time tonight with EU iabers :-)
  9. Profile photo of insane_ai
    insane_ai Male 30-39
    736 posts
    July 5, 2012 at 5:26 pm
    Nothing new here. London Inter-Bank Offer Rate (LIBOR) is the European version of the Federal funds rate here in the USA.

    Another scare scandal in the making. queue the lemmings....
  10. Profile photo of Pooptart19
    Pooptart19 Male 18-29
    2442 posts
    July 5, 2012 at 5:43 pm
    Nothing new here. London Inter-Bank Offer Rate (LIBOR) is the European version of the Federal funds rate here in the USA.

    Another scare scandal in the making. queue the lemmings....
    Pretty much. I knew that even with my limited knowledge of banking. Might as well be telling us that Jews are in Venice making loans out to Christians (Merchant of Venice *cough*). It ain`t news.
  11. Profile photo of richanddead
    richanddead Male 18-29
    3318 posts
    July 5, 2012 at 6:01 pm
    Banks... pay them to hold your money ...get fined for not knowing how much you have because you can`t readily see it or use it after putting money in... because that`s how you should save and build money... and if you go into debt, just get a loan... because your smart and realistic with your fortune.

    But hey check this out! It`s almost like their scamming us.
  12. Profile photo of ChrisP12
    ChrisP12 Male 40-49
    186 posts
    July 5, 2012 at 8:19 pm
    The answer: Small local or regional banks. More responsive and conservative.
  13. Profile photo of OldOllie
    OldOllie Male 60-69
    15844 posts
    July 5, 2012 at 9:25 pm
    This is why you verify the rates with the borrowers. This is the single most fundamental principal of auditing -- check outside sources of information.
  14. Profile photo of handimanner
    handimanner Male 60-69
    2095 posts
    July 5, 2012 at 9:32 pm
    Elliot Spitzer has been trying for years to progress action against the fat cats who caused ALL this financial mess. Watch the movie "Inside Job" before replying, please.
  15. Profile photo of onoffonoffon
    onoffonoffon Male 30-39
    2308 posts
    July 6, 2012 at 12:37 am
    Fractional banking is the basis of all banking. Fractional banking is fraud. All of banking is a fraud.
  16. Profile photo of New_Guy
    New_Guy Male 30-39
    406 posts
    July 6, 2012 at 5:02 am
    so why do we let them drat us again?
  17. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    36177 posts
    July 6, 2012 at 6:28 am

    "so why do we let them drat us again?"
    Because they own the politicians who can make the necessary changes.
    So that`s not gonna happen.
  18. Profile photo of NOCASH
    NOCASH Male 18-29
    423 posts
    July 6, 2012 at 3:36 pm
    Everyone forget about this and go back to your mediocre lives, just remember to bend over daily and apply lots of lube. Getting F%&*#ed this hard can hurt unless your so used to having it rammed up there over the last 30 years
  19. Profile photo of troytrooper
    troytrooper Male 18-29
    115 posts
    July 6, 2012 at 3:49 pm
    This is not the largest scandal, at least in America. The Federal Reserve private banking scandal where they charge us to print our own money might be a little more hazardous to our economic health.
  20. Profile photo of troytrooper
    troytrooper Male 18-29
    115 posts
    July 6, 2012 at 3:56 pm
    Or wait, how about federal income tax? Go ahead and try to find any sort of law that actually requires you to pay income tax in America; IRS agents have been fired and quit after stellar careers because they could not find the law.
  21. Profile photo of Suicism
    Suicism Male 18-29
    3625 posts
    July 6, 2012 at 9:54 pm
    De-regulation is one thing - defeating the purpose of it by subsidizing the losers is another.
  22. Profile photo of photomstr
    photomstr Male 50-59
    766 posts
    July 7, 2012 at 2:28 am
    they always been crooked them that masturbate our money . . .

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