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Big Banks Criminally Conspired Since 2005 to Rig $800 Trillion Dollar Market

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ymoilman2



Big Banks Criminally Conspired Since 2005 to Rig $800 Trillion Dollar Market The Rumor Mill News Reading Room
Posted By: Susoni [Send E-Mail]
Date: Tuesday, 3-Jul-2012 00:38:45
Posted by ChasVoice
Submitted by George Washington on 07/01/2012 21:40 -0400


We noted Friday:
Barclays and other large banks – including Citigroup, HSBC, J.P. Morgan Chase, Lloyds, Bank of America, UBS, Royal Bank of Scotland– manipulated the world's primary interest rate (Libor) which virtually every adjustable-rate investment globally is pegged to.... more>>
http://chasvoice.blogspot.com/2012/07/big-banks-have-criminally-conspired.html

Guest

Anonymous
Guest

Thanks for info YM! :D

Now is the Libor the software that's been manipulated or something else? Anyone know?

Herb Lady

Herb Lady

Thanks again!

Guest

Anonymous
Guest

LiR_ I think Libor has to do with how some rates are derived or figured out... I believe each letter stands for something, but not sure what.

That's as much as I'm able to offer.. perhaps another can be more specific and helpful ...

Shipngold

Shipngold

dont know the exact lettering but.... London intra bank o ? rate or something of that nature.... it is the rate of borrowing that banks pay to use the funds for overnight trading... but much more involved than what I can remember,,,,

Guest

Anonymous
Guest

Thanks all. Just after this article came out, BBC World News came out with more on the Banking Fraud thing & kinda said the same as all you. So there we have it.

Has to do with the rates on borrowed funds & the fact that they have been fixing the rates. Along those lines anyways.

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