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The libor scandal explained in graphic form.

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Comment by Maria De Wind on December 16, 2012 at 11:32pm


Comment by DTOM on December 16, 2012 at 4:22pm

Aurora Batman shooter & Connecticut school shooter father's both to tesify in Libor Bank scandal - http://www.youtube.com/watch?v=Pe9qN2bPSU0

Published on 15 Dec 2012

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The father of Newtown Connecticut school shooter Adam Lanza is Peter Lanza who is a VP and Tax Director at GE Financial. The father of Aurora Colorado movie theater shooter James Holmes is Robert Holmes, the lead scientist for the credit score company FICO. Both men were to testify before the US Sentate in the ongoing LIBOR scandal. The London Interbank Offered Rate, known as Libor, is the average interest rate at which banks can borrow from each other. 16 international banks have been implicated in this ongoing scandal, accused of rigging contracts worth trillions of dollars. HSBC has already been fined $1.9 billion and three of their low level traders arrested.

Peter Lanza father of Adam Lanza is the TAX DIRECTOR for General Electric!

Peter Welch On Libor: DOJ Should 'Aggressively Prosecute' All Involved

Robert Holmes, the father of James Holmes ( Aurora movie shooter) and Peter Lanza father of Adam Lanza ( Conn. School shooter ) and both scheduled to testify in the Libor Scandal.

The high-end estimate of the potential cost to the 16 banks being investigated in the Libor probe has risen to $176 billion, the WSJ writes, citing a July report by Australian firm Macquarie Research. Actually, the report (via zerohedge) suggested the banks might end up paying $88 billion in fines and settlements as a result of $176 billion in investor losses, but who's counting? Other estimates are a lot lower, including a Keefe, Bruyette & Woods estimate of $35 billion last month and a Morgan Stanley estimate of less than $8 billion.

Comment by Rafael Espericueta on August 5, 2012 at 8:53pm

As long as we allow sociopaths to attain positions of power such crimes are predictable and inevitable.  To allow one without a sense of compassion to hold a position of power is akin to allowing one without the sense of vision to drive a car.  Both should require a license (unobtainable for anyone lacking the requisite sense), for pretty much the same reason.


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