The thing is simply so blatant, and so clearly directed from the offices of the highest chieftains, that the hands of governments will simply be forced to act, if only from reasons of the self-respect of officials in position to do so, let alone because of popular clamor reaching deafening heights....

Pawn Stars are far more important to us than our children's future. With all of the great TV we simply don't have time to participate in mass protest.

out of their toxic asset crisis.

It was a two part deal:

1.) Allow the banks to keep the toxic assets on the books at face value (not mark-to-market).

2.) With LIBOR and cheap money, they over leveraged their remaining assets on "bets" they knew the would win.

Guess it worked. Hopefully the money was taken from the hedge fund guys.

and has been much longer than we've been a nation.

Picking Our Pockets and Lining Theirs

Banksters Take Us to the Brink

by BILL MOYERS and MICHAEL WINSHIP
CounterPunch
Weekend Edition July 13-15, 2012

EXCERPT...

And what a business! You’ve most likely been hearing about the newest scandal in banking, centering on Barclays Bank in Great Britain and something called Libor. That stands for London Interbank Offered Rate and involves a group of bankers who set a daily interest rate affecting trillions of dollars of transactions around the world. Your home mortgage, your college debt, your credit card fees; all of these could have been affected by Libor.

Now you would think the rates would be set by market forces, right? Aren’t they what makes the world go ‘round? But it turns out some of those insiders were manipulating the index for their own gain, to make their banks look better off during the financial crisis, lower their borrowing costs, and raise their profits – by cheating. Picking our pockets and lining theirs.

SNIP...

“In testimony last week before the British Parliament, former Barclays chief executive Robert E. Diamond said the bank had repeatedly brought to the attention of U.S. regulators — as well as U.K. regulators — the problems that the bank was experiencing in the Libor market.

“He said the bank’s warnings to regulators that Libor was artificially low did not lead to action. Barclays’ regulator in the United States is the Federal Reserve Bank of New York, which was run at the time by current Treasury Secretary Timothy F. Geithner.”

CONTINUED...

http://www.counterpunch.org/2012/07/13/banksters-take-us-to-the-brink/

"It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair

My hope lies in an European state prosecuting as I have zero confidence in our DOJ's inclination to pursue high crime by those in high places (other than state legal cannabis issues, so to speak).

But as the thing keeps piling higher and higher, it becomes harder and harder to avoid the necessity for prosecution pour encourager les autres/

It is very rare that the generals are held accountable regardless of how blatant.

Rigging the interest rates by having underlings of the Bank of England and the Chancellor of the Exchequer go wink-wink, nudge-nudge to middling managers of banks who then submit rates to a banking industry trade association seems like a very poor way of managing the economy.

It is much better to have the Federal Reserve manipulate rates through open-market operations by the New York Federal Reserve Bank.

The Fed and its hidden hand need monitoring...

For decades now, the Fed and its favored megabanks know no loyalty to paupers like me or, increasingly, depositors of middle class means. When did this change occur? IMFO, when Glass-Steagall was repealed and the taxpayers were put back in the equation to cover their losses. Criminal minds were then free to loot at will and without consequence.

...as Vice Chairman, post his fine for the rich Senate career.

Gee. The SWISS bank got $183 Billion in U.S. taxpayer bailout dollars. What a coincidence.

Can't wait for Detroit schools, for instance, to get a bailout. Amongst others.

http://theintelhub.com/2012/10/27/cnbc-execs-children-murdered-1-day-after-cnbc-reports-43-trillion-bankster-lawsuit/

Then things became too obvious to ignore. We need to re-set the program.



Baron de Rothschild and Prescott Bush, sharing a moment and a bit o' information in this small world, back in the day...

What used to be "conspiracy theory" evolves to "the way it is."

who have BEEN on top and want to MAINTAIN their position.

That is to say, history is in the forgotten past only for those of us who never benefitted by it. The ultra-wealthy and powerful families---the Rothschilds, Bushes (and Pierces: Barbara has hers, too), Rockefellers, Harrimans, etc.---from this, that, or the other banking, oil, steel, munitions, shipping, etc. companies still meet to decide the world's fate (economic, martial, population-health, and so on). They will brook NO opposition.

Nation-states as well as individual humans are as nothing to these global racketeers.

I have one term for those who think I wear my tin-foil hat too tightly: BCCE.

The Rosetta Stone...

http://election.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5446102

Helps explain why the banksters and warmongers don't go to jail, just like the multi-generational traitors and war criminals for whom they "work."

and be accused of behaving like spoiled children asking for ponies too

into the histories of long-lived family dynasties you'll find that the majority of them profited from it too.

for example, bush & kerry ancestors both did.

this is one of the reasons the 'white privilege' narrative kind of reeks. It 'disappears' those who promulgated slavery as an *institution* & profited immensely from it & instead assigns collective guilt to ordinary schlubs most of whom didn't own slaves, didn't traffic in slaves, and never profited from the institution of slavery except by being able to feel superior to someone and have a job working for the capitalists who *did* profit.

The industrial revolution in america was financed with profits derived from slavery, and the descendants of those people = a lot of today's ruling class.

Most white americans, otoh, are descended from people who came here after the civil war. they may have profited in some minor way from jim crow, but not really, as the real effect was to hold wages down for everybody. You can see this most clearly in the south, which has historically had lower wages and less protection for labor than the north.

Very Bored.

It would be nice if all the Banksters were rounded up and imprisoned. Until then, let's name as many as we can to make the job easier for the Department of Justice whenever they find the time to go after the people who pretty much destroyed the middle class.

Gee. So that's what happened to future!

Hope this didn't bore you.

I'm just getting fed up of the slithery gits constantly getting away with it. I want the end of season finale where the good guy finaly gets them, already.

Very useful OP as per typical.

Like "spanking the poor repeatedly, and laughing about them getting poorer everyday because they're a bunch of loser takers" is not "bad" today???



2045, Smells Like Venus

K&R for this very important story.

Of course adjustable mortgage rates were set by London Libor (for the most part), so millions of homeowners were ripped off by this each month. You'd think that alone would cause enough people to be interested in this.

Thanks, Octafish, K&R.