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LIBOR-gate update


Posted: Jul 30, 2012

If you don't know what Libor is, then it would be well worth your time to do a little research.

 

;

Yep...and here's the link...lol - JTBB

[ In Reply To ..]
http://www.telegraph.co.uk/finance/financial-crime/9439478/Bankers-found-to-have-rigged-Libor-rate-could-face-jail.html

Disgraced former Barclays CEO Bob Diamond - was supposed to host Romney fundraiser

[ In Reply To ..]
but was taken out of the event's lineup for "appearances'" sake after being forced to resign and ordered to return $20 million in bonuses behind his involvement in LIBOR. It's doubtful handing over his bonus will be the end of consequences he will face once the investigation is concluded.

Tsk, tsk, Mitt. Palling around with interest rate fixers. Wish I could say I'm surprised.

huge...nm - ctmt

[ In Reply To ..]

It's on Obama/Geithner's watch, not Romney's. - sm

[ In Reply To ..]
Yes, by all means learn about LIBOR. And while you're at it, notice Geithner's fingerprints all over it.

You liberals crack me up. Obama and his crowd are NEVER responsible for anything. Blame everyone else.

Wouldn't Romney need to be pres for it to be on his watch? LOL - JTBB

[ In Reply To ..]
x

What? You do realize Obama is POTUS, not PM of Britain, - and that

[ In Reply To ..]
Geitner has nothing to do with lending practices of the EURO, rates and the like....or do you? Cons crack me up... always trying to blame Obama for stuff he has no control over, regardless of how illogical or downright foolish they sound. Holding Obama responsible for a scandal in Britain is a bit much, even for the most extreme among them, dontcha think?

what is germane to this discussion... - ctmt

[ In Reply To ..]
...is that Bob Diamond (of Concord, Massachusetts), chief executive of Barclays Bank, is Mr. Romney's key British fundraiser. (It should be noted that Romney expects 4 of every 10 dollars to come from Americans living in Britain.)

The manipulation of interest rates and financial indices to benefit large investors is exactly the kind of banking chicanery from which we Americans are still trying to recover. I would hope that all citizens, regardless of party affiliation, would look upon this kind of malfeasance with a jaundiced eye.

Exactly. I wouldn't add a thing. - nm

[ In Reply To ..]
nm

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