Largest Banking Corruption Scandal Exposed: Libor

Submitted by: kitteh9lives 4 years ago in

The Libor scandal engulfing the banking industry is the biggest financial scam in world history. Story in Credits
There are 21 comments:
Male 766
they always been crooked them that masturbate our money . . .
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Male 3,631
De-regulation is one thing - defeating the purpose of it by subsidizing the losers is another.
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Male 115
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.
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Male 115
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.
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Male 423
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
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Male 38,468

[quote]"so why do we let them drat us again?" [/quote]
Because they own the politicians who can make the necessary changes.
So that`s not gonna happen.
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Male 406
so why do we let them drat us again?
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Male 2,097
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.
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Male 15,832
This is why you verify the rates with the borrowers. This is the single most fundamental principal of auditing -- check outside sources of information.
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Male 186
The answer: Small local or regional banks. More responsive and conservative.
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Male 4,072
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.
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Male 2,440
[quote]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.... [/quote]
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.
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Male 1,394
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....
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Male 5,080
Poor Kitteh you have hard time tonight with EU iabers :-)
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Male 1,625
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.
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Male 1,754
So...has anyone been arrested yet?
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Male 2,422
Why didn`t we shoot all the bankers again?
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Male 5,080
Not visible in my country :-<

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Male 38,468

Stock up on ramen.
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Male 13,624
Dayum, blocked in the UK!!
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Female 8,044
Link: Largest Banking Corruption Scandal Exposed: Libor [Rate Link] - The Libor scandal engulfing the banking industry is the biggest financial scam in world history. Story in Credits
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