Barclays LIBOR Scandel

#57
#57
I was slightly surprised that it wasn't really reported that much in the main stream media.

I guess I still hope too much.
 
#58
#58
PKT_VOL said:
I was slightly surprised that it wasn't really reported that much in the main stream media.

I guess I still hope too much.
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dead people in a theater shot by scary guns get more views than crooked bankers doing something 95% of America doesn't understand anyway
 
#61
#61
Well, there's this.

US steps up Libor inquiry as seven banks issued subpoenas - Yahoo! Finance UK

The attorneys general from the two states are jointly investigating and have requested information from JP Morgan Chase, Barclays (LSE: BARC.L - news) , Royal Bank of Scotland and HSBC (LSE: HSBA.L - news) according to reports. UBS (NYSEArca: DJCI - news) , Deutsche Bank (Xetra: 514000 - news) and Citigroup (NYSE: C - news) were also named in the Bloomberg report.
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#63
#63
Here is your weekly update of the biggest legitimate news story nobody seems to care about:

British lawmakers criticize ex-Barclays CEO Diamond

UK lawmakers say Libor case shows Barclays flawed | Reuters

Barclays is the first of several banks expected to be fined for rigging a rate which forms a reference point for home loans, credit cards and other financial transactions worth over $350 trillion globally.
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Simply amazing this isn't the lead story every night on the news. Just about everyone was probably affected by this in some way.
 
#64
#64
No one facing criminal sanctions.

No wonder the world's investment banking industry is out of control.
 
#66
#66
#68
#68
politicsvol said:
Why should they face criminal sanctions?
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manipulation of a market based rate like that is criminal when done surreptitiously. If guys want to publicize what they're doing and then go about it, that's a different conversation.
 
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