U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-07-2012, 06:48 PM
 
Location: Victoria TX
42,661 posts, read 77,711,317 times
Reputation: 36291

Advertisements

A cartel of bankers have been systematically and methodically cheating the Libor scores on a global scale, affecting almost every financial market in the entire world.

Libor scandal global corruption exposed: game over for the banking cabal
Rate this post positively Reply With Quote Quick reply to this message

 
Old 07-07-2012, 07:20 PM
 
Location: Vallejo
15,767 posts, read 17,716,447 times
Reputation: 14163
Imagine... a system of "Hey what's your rates today" to a guy with a vested interest to the tune of tens of millions of dollars in the rate swinging a basis point this way or that produced numbers that weren't accurate. Shocker. Apparently there's damning evidence of it going back to 2005, but guys in the trenches have come out saying it was everyday in the '80s when they were on the floor. That's guys in the trenches, low level traders and analysts, not some bigwigs in a barred doors board room. Everyone knew it was occurring and no one cared.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-07-2012, 09:02 PM
 
3,327 posts, read 3,745,037 times
Reputation: 2854
The question is; if everyone is cheating, isn't the playing field level?

Big banking is a cartel, so why are people surprised? Cartel's inherently cheat. That's part of the business model.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-07-2012, 09:28 PM
 
16,308 posts, read 25,929,121 times
Reputation: 8322
This may turn into one of the largest financial scandals to date. [VIDEO]
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-07-2012, 10:58 PM
 
3,335 posts, read 2,685,158 times
Reputation: 921
Greed brought down the world economy. How nice of the selfish bastards.

Can we pretty much figure that their are a bunch of small pigeons that will get their wings clipped, while the Daddy vultures go off to new feeding grounds?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-08-2012, 09:18 AM
 
Location: Warwick, RI
3,398 posts, read 4,407,291 times
Reputation: 5607
Quote:
Greed brought down the world economy. How nice of the selfish bastards.
Yeah, the Daddy vultures that call themselves politicians. You socialist propagandists can keep complaining until the end of time about the "big, greeedy bankers", but what you refuse to acknowledge is that the bankers are mere amatuers when it comes to greed and corruption. The greed you should REALLY be complaining about is GOVERNMENT greed - the kind that takes down banks in Europe when the value of their government bonds (supposedly the safest investments in the world, right?) collapse, and STILL these countries refuse to live within their means. Forget the bankers, governments are where you really need to start cleaning house. Oh wait, how silly of me to forget! You socialist types want the governments to run everything!!

Last edited by treasurekidd; 07-08-2012 at 09:30 AM..
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-08-2012, 09:41 AM
 
3,335 posts, read 2,685,158 times
Reputation: 921
Quote:
Originally Posted by treasurekidd View Post
Yeah, the Daddy vultures that call themselves politicians. You socialist propagandists can keep complaining until the end of time about the "big, greeedy bankers", but what you refuse to acknowledge is that the bankers are mere amatuers when it comes to greed and corruption. The greed you should REALLY be complaining about is GOVERNMENT greed - the kind that takes down banks in Europe when the value of their government bonds (supposedly the safest investments in the world, right?) collapse, and STILL these countries refuse to live within their means. Forget the bankers, governments are where you really need to start cleaning house. Oh wait, how silly of me to forget! You socialist types want the governments to run everything!!
i'm a conservative douche bag... open your eyes and see the reality of who runs the world.

He who has the Gold makes the rules.

I loath the Gov't, they are sellouts to keep their golden parachutes of power. So before you go shooting off your ignorance, why don't you ask who your talking to, before you look like a typical fool.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-08-2012, 11:43 AM
 
Location: Great State of Texas
86,068 posts, read 76,117,310 times
Reputation: 27635
The governments and banks brought down the economy once before.
After that laws were put in place to prevent that.
Then the laws were repealed because "times have changed".

Now we get to see that times really haven't changed.

They say history repeats itself. So read up on your history.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-08-2012, 12:01 PM
 
3,335 posts, read 2,685,158 times
Reputation: 921
Quote:
Originally Posted by HappyTexan View Post
The governments and banks brought down the economy once before.
After that laws were put in place to prevent that.
Then the laws were repealed because "times have changed".

Now we get to see that times really haven't changed.

They say history repeats itself. So read up on your history.
They didn't repeal it because times had changed, they just found sell out "representatives" that were easily corrupted, while the American sheeple were at WalMart.

No need to know history. Just understand that power and greed kill dreams, goals, and people.

And the sinful nature of man must be monitored at all times.

Thomas Jefferson has a few real good quotes regarding the corruption and consolidation of power.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-08-2012, 05:03 PM
 
5,353 posts, read 10,242,089 times
Reputation: 4361
Back towards the start.

Naw, no big deal.

Just steal and steal and steal.

Eventually they will run out of anything to steal and it will be over.

Meanwhile -- Burn, Baby, Baby.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top