If We Don’t Break Up the Big Banks, They Will Manipulate More and More of the Economy … Making Us Poorer and Poorer

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If We Don’t Break Up the Big Banks, They Will Manipulate More and More of the Economy … Making Us Poorer and Poorer (From zero hedge) Interest Rates Are Manipulated Interest rates are rigged: The big banks have conspired for … Continue reading

Why do they need lobbyists when they’ve price fixing and debt deflation?

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Massive bonuses being paid at the top of the financial sector and massive donations are being made to the Conservatives by the financial sector.  The global markets are rigged, with credit/low interest rates ensuring that the redistribution of wealth flows … Continue reading

Should more bankers be in prison?

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The question ‘Should more bankers be in prison?’ obviously refers to the US because no bankers are in prison or even criminally investigated in the UK. What’s Inside America’s Banks? ‘Some four years after the 2008 financial crisis, public trust … Continue reading

Why does the Structural Deficit remind me of LIBOR?

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(I know this might sound rather boring but the facts are actually a bit incredible…) The London Interbank Offered Rate (LIBOR) is a benchmark interest rate used broadly all over the world and affects trillions of dollars of loans worldwide – mortgage … Continue reading

US Bank regulator explains how Barclays manipulated the Libor Rates

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How Barclay Manipulated the Libor Rates Reblogged from New Economic Perspective First published 03.07.12 before the ‘resignation’ of Bob Diamond CEO Barclays Bank. Former US banking regulator, now lecturing at the University of Missouri, Kansas City, Professor Bill Black explains … Continue reading

Barclays and banker greed.

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  These accounts of our banking system were left on a Guardian comments thread in response to the revelations about Barclays, and other banks, ‘fixing’ the Libor interest rates for their own profit interests.  They deserve wider coverage.  To paraphrase … Continue reading