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07-27-2012, 06:10 PM
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#1
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Account Disabled
Join Date: Jun 19, 2011
Location: Dixie Land
Posts: 22,098
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whats up with this?
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07-27-2012, 07:13 PM
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#2
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Account Disabled
Join Date: Jun 19, 2011
Location: Dixie Land
Posts: 22,098
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Lyndon LaRouche dude handed me a article on the way out of the court house. Kind of seems a little important so I thought I would pass it on.
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![Like](/images/like.png) | 1 user liked this post
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07-27-2012, 07:38 PM
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#3
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Account Disabled
Join Date: Feb 15, 2012
Location: Houston
Posts: 10,342
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Money changers have always been a source of conflict as far back as can be reported.
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07-27-2012, 09:10 PM
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#4
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Account Disabled
Join Date: Jun 19, 2011
Location: Dixie Land
Posts: 22,098
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COG WTF with this LIBOR? please explain.
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07-27-2012, 10:38 PM
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#6
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Valued Poster
Join Date: Jan 21, 2010
Location: Houston
Posts: 2,586
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So far:
The CEO of Barclays has gone
The COO of Barclays has gone
The non exec in charge of renumeration has gone
The chairman has gone (staying until replacement CEO has been found)
All UK authorities are washing their hands
All Barclays people are saying 'it was much worse at other banks'.
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Quote
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07-27-2012, 11:35 PM
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#7
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Account Disabled
Join Date: Jun 19, 2011
Location: Dixie Land
Posts: 22,098
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Quote:
Originally Posted by essence
So far:
The CEO of Barclays has gone
The COO of Barclays has gone
The non exec in charge of renumeration has gone
The chairman has gone (staying until replacement CEO has been found)
All UK authorities are washing their hands
All Barclays people are saying 'it was much worse at other banks'.
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Can't wait for the American heads to roll. Thanks IB and essence.
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Quote
![Like](/images/like.png) | 1 user liked this post
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07-28-2012, 12:04 AM
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#8
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Valued Poster
Join Date: Jan 3, 2010
Location: South of Chicago
Posts: 31,214
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Quote:
Originally Posted by IIFFOFRDB
Can't wait for the American heads to roll. Thanks IB and essence.
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CBS ran a spot several nights ago about Baltimore and some other cities suing Wall Street banks for defrauding them out of millions of dollars in pension fund, etc., investments creating budgetary shortfalls, funding crises, lay-offs of teachers, firemen, policemen, etc.
http://www.guardian.co.uk/business/2012/jul/19/baltimore-libor-financial-crisis
http://articles.baltimoresun.com/2012-07-16/news/bs-ed-libor-20120716_1_libor-benchmark-rate-interest-rates
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07-28-2012, 09:29 AM
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#9
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Lifetime Premium Access
Join Date: Mar 29, 2009
Location: Texas Hill Country
Posts: 3,317
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Neil Barofsky, former Inspector General appointed to oversee TARP offers an excellent short explanation of the issue in this article and accompanying 5-minute video:
http://finance.yahoo.com/blogs/daily...162151297.html
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07-28-2012, 12:22 PM
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#10
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Account Disabled
Join Date: Jun 29, 2012
Location: Austin
Posts: 874
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IIFFOFRDB - If you don't know what LIBOR is, perhaps you shouldn't be trying to look smart on this board. Thank you for demonstrating your intellectual and cultural level - EXTREMELY LOW.
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07-28-2012, 02:51 PM
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#11
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Valued Poster
Join Date: Jan 21, 2010
Location: Houston
Posts: 2,586
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cum, I think he knows what Libor is, he was asking what's up with the scandal.
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07-28-2012, 03:00 PM
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#12
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Valued Poster
Join Date: Jan 21, 2010
Location: Houston
Posts: 2,586
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Quote:
Originally Posted by IIFFOFRDB
Can't wait for the American heads to roll. Thanks IB and essence.
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The CEO was American, and the COO was Canadian, I think.
They walked with millions in bonuses.
The degree of miscommunication and denial and loss of memory is unbelievable.
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07-28-2012, 03:18 PM
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#13
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Valued Poster
Join Date: Mar 10, 2010
Location: Houston
Posts: 5,740
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Quote:
Originally Posted by essence
The CEO was American, and the COO was Canadian, I think.
They walked with millions in bonuses.
The degree of miscommunication and denial and loss of memory is unbelievable.
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When the shit hits the fan, no one ever knows anything. John Corzine has no idea what happened to two billion missing from account holders at MF Global. Ken Lay had no idea that anything improper was going on at Enron. Eric Holder has no idea who came up with the Fast and Furious scheme. No one went to jail for the subprime fiasco. No one is ever held accountable for anything.
When America is officially bankrupt and people are going hungry, no one will take responsibility.
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07-28-2012, 03:24 PM
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#14
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Valued Poster
Join Date: Dec 30, 2010
Location: CO
Posts: 2,239
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Quote:
Originally Posted by joe bloe
When America is officially bankrupt and people are going hungry, no one will take responsibility.
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If everyone has free healthcare, on welfare and food stamps, Obama will take credit, he loves that shit. Of course we can't pay for any of it, but who cares about that.
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07-28-2012, 05:21 PM
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#15
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Account Disabled
Join Date: Jan 20, 2011
Location: kansas
Posts: 28,773
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Really simple the big boys are fucking the people and we argue over who is better at it.
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