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Sunday, July 08, 2012

The Great LIBOR Bank Heist of 2008?

http://azizonomics.com/2012/07/02/the-great-libor-bank-heist-of-2008/

Barclays and other large banks – including Citigroup, HSBC, J.P. Morgan Chase, Lloyds,Bank of AmericaUBS, Royal Bank of Scotland– manipulated the world’s primary interest rate (Libor) which virtually every adjustable-rate investment globally is pegged to.
That means they manipulated a good chunk of the world economy.
They have been manipulating Libor on virtually a daily basis since 2005.


Note folks the LIBOR ( distraction ) is old news. Insert Yawn.

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