Barclays’ Libor Scandal: Prison Will Remedy

LIBOR rates were manipulate by bankers on both sides of the pond.

http://www.senseoncents.com/2012/07/barclays-libor-scandal-prison-will-remedy/#ixzz1zZCKmEC0

Banking scandal: how document trail reveals global scam

To those who branded me a conspiracy theorist because I believed banks rig and manipulate markets, go pound sound.  You are the idiot.

In this case LIBOR and Euro interest rates control everything in the economy:  your mortgage, your car loan, business loan, credit card debt, student loans, the housing industry, economic cycles, and pretty much every sector in our local and global economy.  So when banks (with the complicity of central banks and governments--there you go again with your accusations) manipulate interest rates and bond markets, all kinds of unintended consequences occur--including the creation of asset bubbles and collapses.

http://www.guardian.co.uk/business/2012/jun/30/banking-scandal-barclays-lawsuits-libor