Monday, July 9, 2012
LIBOR Banking Scandal Deepens
By Matt Taibbi
This Libor-manipulation story grows crazier with each passing minute. We have officially disappeared now down the rabbit-hole of the international financial oligarchy.
Former Barclays CEO Bob Diamond is testifying before parliament in London today, and that's sure to bring some shocking moments. But there's already been one huge stunner. In advance of that testimony, Barclays released an email from October 29, 2008, written by Diamond to then-Chairman John Varley and COO Jerry del Messier (who also stepped down yesterday). The email from the CEO to the other two senior Barclays execs purports to detail the content of the conversation Diamond had with Bank of England deputy governor Paul Tucker that same day.
In the email, Diamond essentially tells the other two execs that he has been given permission by Tucker – encouraged, actually – to rig Libor rates downward. What’s even worse is that Diamond’s email suggests that Tucker was only following orders, i.e. that Tucker had received phone calls from "a number of senior figures within Whitehall" – that is, the British government – expressing concern about Barclays' high Libor rates. Tucker in this version of events was acting as a middleman for the British government, telling Diamond to fake his borrowing rates in order to preserve the appearance of financial stability, for the good of Queen and country as it were.
This Libor-manipulation story grows crazier with each passing minute. We have officially disappeared now down the rabbit-hole of the international financial oligarchy.
Former Barclays CEO Bob Diamond is testifying before parliament in London today, and that's sure to bring some shocking moments. But there's already been one huge stunner. In advance of that testimony, Barclays released an email from October 29, 2008, written by Diamond to then-Chairman John Varley and COO Jerry del Messier (who also stepped down yesterday). The email from the CEO to the other two senior Barclays execs purports to detail the content of the conversation Diamond had with Bank of England deputy governor Paul Tucker that same day.
In the email, Diamond essentially tells the other two execs that he has been given permission by Tucker – encouraged, actually – to rig Libor rates downward. What’s even worse is that Diamond’s email suggests that Tucker was only following orders, i.e. that Tucker had received phone calls from "a number of senior figures within Whitehall" – that is, the British government – expressing concern about Barclays' high Libor rates. Tucker in this version of events was acting as a middleman for the British government, telling Diamond to fake his borrowing rates in order to preserve the appearance of financial stability, for the good of Queen and country as it were.
Sunday, July 8, 2012
Keiser Report: Fraud & 60 Orgasms
Jul 7, 2012 by RussiaToday
In this episode, Max Keiser and co-host, Stacy Herbert, discuss why nobody is freaking about LIBOR in America, while JP Morgan caught doing an Enron on US energy markets and GlaxoSmithKline pays 10% of their ill-gotten gains for bribing doctors and scientists across America. In the second half of the show Max talks to Kevin Sara of the TuNur solar export project of Tunisia about solar exports from the Middle East and toxic derivatives exports from the City of London.
In this episode, Max Keiser and co-host, Stacy Herbert, discuss why nobody is freaking about LIBOR in America, while JP Morgan caught doing an Enron on US energy markets and GlaxoSmithKline pays 10% of their ill-gotten gains for bribing doctors and scientists across America. In the second half of the show Max talks to Kevin Sara of the TuNur solar export project of Tunisia about solar exports from the Middle East and toxic derivatives exports from the City of London.
On the Edge - TPP Secret Trade Deal with Dr. Paul C. Roberts
Jul 7, 2012 by PressTVGlobalNews
In this edition of the show Max interviews Dr. Paul Craig Roberts from paulcraigroberts.org. Dr. Paul C. Roberts is an economist, author and now a blogger at paulcraigroberts.com. He was an Assistant Treasury Secretary in Reagan Administration. The US economy, TPP (Trans Pacific Partnership) secret trade deal, American and foreign powerful corporations, Dr. Robert's book entitled 'Silent Spring for US' and much issues are all discussed in this episode of On the Edge.
In this edition of the show Max interviews Dr. Paul Craig Roberts from paulcraigroberts.org. Dr. Paul C. Roberts is an economist, author and now a blogger at paulcraigroberts.com. He was an Assistant Treasury Secretary in Reagan Administration. The US economy, TPP (Trans Pacific Partnership) secret trade deal, American and foreign powerful corporations, Dr. Robert's book entitled 'Silent Spring for US' and much issues are all discussed in this episode of On the Edge.
Saturday, July 7, 2012
Weekend Chillout - Lying Bores
With the ever widening LIEBOR scandal and investigations it seems the whole Western World has become a Bankster's Paradise. Remember several private banks conspiring to influence key interest rate indicators is "bad", several Central Banks conspiring to influence key interest rate indicators is Monetary Policy, which is "good".
WikiLeaks unveils Syria Files
Jul 5, 2012 by RTAmerica
As Wikileaks founder Julian Assange is in legal limbo, his website is releasing over two million emails from the Syrian Government, rebels and US corporations. The document dump known as Syria Files is supposed to shed light on the country's civil war and show what really is going on in the war torn country and who the major players are. Jesselyn Radack, director for the National Security and Human Rights in Government Accountability Project, joins us with more.
As Wikileaks founder Julian Assange is in legal limbo, his website is releasing over two million emails from the Syrian Government, rebels and US corporations. The document dump known as Syria Files is supposed to shed light on the country's civil war and show what really is going on in the war torn country and who the major players are. Jesselyn Radack, director for the National Security and Human Rights in Government Accountability Project, joins us with more.
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