Libor Banking Scandal

by The republican Mother

In the words, of Marty McFly, "this is heavy."

I like the ex-bankster lawyer who says that these banks business model is to make as much money as possible by any means possible. Also featured is Matt Tiabbi, the man who coined the phrase "vampire squid" to refer to the Elite banking network.

Powerful piece of news right here:

Other gems, include the mention of how the mob learned from Wall Street on how to extort.

Related Articles:

Rolling Stone, Matt Tiabbi: Libor Banking Scandal Deepens--Barclays Released Damning Email Implicating British Government

Global Research: Bank Fraud-The Big Losers in Libor Rate Manipulation

Christian Science Monitor: Lies, Damned Lies and Libor

Reuters: UK Drafts in Fraud Squad as Libor Fine Hits Barclays

Bottom line: these Elite tools jimmy everything possible to transfer as much wealth and power to them as humanly (and demonically) possible.

xposted The republican MotherDon't Tread on Us


  1. Interesting, but had interest rates gone up the banks would have been hurt. These rate swaps are just contracts where each party takes half of the risk.

    I cannot see how governments who issued debt at a lower fixed rate due to these swaps can complain. If they had issued the same fixed debt they would be paying more.

    Variable rate debt has always been more risky than fixed rate debt. That is why so many people lost their homes initially during the Democrat created 2008 crash. Remember balloon debt that suddenly could not be refinanced?

    1. After a little more consideration, I am even less sympathetic to the governments involved.

      These swaps allowed technocrats to manipulate the markets and issue even more debt. Most of that money was probably spent on public employee unions and other cronie projects meant to buy votes. Their hubris is now plain to see as they beg to be bailed out.

      To all the euro-socialists and American progressives who demand to be saved from their own creation... "so long and thanks for all the fish."

    2. The "government" and these banksters are really the same people. They're working the system that was designed by their forebears (Warburgs, Rothschilds, et al.) to benefit them.


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