Libor Scandal : Seven Banks Summoned In US Probe – 16 August 2012

Barclays was fined for trying to manipulate the Libor rates

Seven banks, including HSBC and Royal Bank of Scotland, are to be questioned in the US for alleged manipulation of the Libor inter-bank lending rate.

The other banks receiving subpoenas by the New York attorney general are Barclays, Citigroup, Deutsche Bank, JPMorgan and UBS.

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Forbes – Shah Gilani – It’s Not Libor Stupid, Central Banks Are The Problem – 7 July 2012

( Lucas :  The blame game has started that makes it only interesting and gets us in the blaming more and more insights in those who have robbed us, deceived, enslaved us. The truth will come out whatever way. Soon the old will vanish from the screens and out of existence. We will see the new emerging.)

The Libor scandal is about to get a whole lot worse. And, that’s the good news.

Not only are at least twenty more big banks under investigation as part of a massive fraud to manipulate interbank lending rates that affect some $800 trillion in loans and derivatives, but the Bank of England is about to take center stage in the scandal.

OpEdNews – Scott Baker – The Great Unraveling Continues – 6 July 2012

TPP — Terrible Policy for the People

The Trans-Pacific Partnership aims to make whole countries into consumers, not just their citizens.   This is a critical difference, in that it makes countries subject to a new tribunal, independent of national judicial systems.   Says Common Dreams:

John Ward – LIBOR RIGGING: The Slog Reveals Why The Enquiry Must Be Judicial – 6 July 2012

DOMINANT LIBOR DEALERS TOO CLOSE TO DOWNING STREET

TULLET PREBON’S URGENT NEED FOR LIBOR SCANDAL TO DISAPPEAR

Libor rate fixing leaves PM in a fix

‘A Molotov Cocktail Party’ of conflicted interests

John Ward – Diamond Testimony : Slog Completely Vindicated By TSC Documents Placed In Evidence By Barclays – 4 July 2012

Whatever Diamond says this afternoon, all The Slog’s suspicions about Libor manipulation have proved entirely justified

Note these past Slogsposts:

September 8th 2010

‘Bob Diamond’s accession to the post of blue touch-paper igniter [CEO of Barclays Group] is a done deal. And another nail in the Coalition’s coffin….As long as they continue to be appeased, bankers will never learn to sniff the public mood…’

John Ward – LIBOR : How Both The BBA And The BIS Publicly Misled The World About The Rate-Fixing Scam – 3 July 2012

Angela Knight, Terry Smith, the BBC and the Guardian: why should we listen to any of them?

London is suddenly awash with people keen to give you their view on the LIBOR scandal, how it was always a truck out of control, how they always knew it was a cesspit, and how appalling it all is isn’t it? Large numbers of them are senior politicians (hypocrisy of the year frontrunner this one), some of them are media types who write on pink pages but didn’t bother until now to share with us their disgust…and some of them are those pundits pounced upon by the ignorant at the BBC and the Guardian once the news is in that strange distillery of information, the Public Domain.

John Ward – LIBOR – BBC’s Preston Confirms Slog Central Bank Prediction – Diamond’s Select Committee Testimony To Be Crucial – 2 July 2012

How many beans will Motormouth spill?

Slog’s investment bank contacts call LIBOR ‘a joke’

Last Thursday, The Slog asserted as follows in relation to the LIBOR scam, under the sub-head ‘Is Bob Diamond being forced to apologise for something hatched way above his level?’:

John Ward – Exclusive : Libor Manipulation … – 1 July 2012

TORY DISGRACED CASH FOR ACCESS MAN RUNS BIGGEST BROKER INVOLVED IN LIBOR

Former Conservative treasurer is Party’s biggest donor Michael Spencer

Could Michael Spencer NOT have been aware of LIBOR manipulation?