Premium Only Content

The Emerging LIBOR Scandal - TheBigPictureRT - 2012
Published on Jul 6, 2012
"This is what you need to understand about LIBOR - It's stands for the London InterBank Offered Rate. So what does that mean? It's basically the rate that banks around the world are lending money to each other. And the way it's calculated is each day - the banks submit what rate they can afford to borrow money at - and the average of what all the banks submit becomes the LIBOR rate. But what's really important to remember here is - LIBOR doesn't just apply to the rate banks lend money to each other. It also applies to the rate that we consumers pay on several different types of loans - including mortgages, car loans, and credit card rates. So if those rates are manipulated by banks - and artificially driven higher - then it affects a lot of people - and leads to working people paying more on their loans. Which is exactly what happened.
Earlier this week - the CEO and COO of Barclays bank resigned after it was revealed their bank was routinely manipulating LIBOR rates between 2005 and 2009. Barclays has since been hit with a $450 million fine for this criminal activity. But the question is - was Barclays alone in this? Or were other banks involved as well - and not only that - were governments and regulators involved in the scam too? Disgraced Barclays CEO Bob Diamond is alleging just that. As the Washington Post reported on Wednesday: "Fallen banking titan Bob Diamond on Wednesday described regulators on both sides of the Atlantic as partly complicit in a scandal involving the manipulation of a key interbank lending rate, telling a British parliamentary committee that government watchdogs had failed to act after his bank, Barclays, informed them of industry-wide irregularities during the U.S. financial crisis." So just how deep does this scandal go - and how much money did the banksters make this time screwing us? For more on this story - I want to welcome Max Fraad Wolff back to the show - he is an Economist an Instructor with the Graduate Program in International Affairs at the New School "
If you appreciate the things I find then please consider purchasing a few dollars of Sandy Hook Hoax token on the Algorand blockchain https://vestige.fi/asset/1156612691
Things live forever and permanently on the blockchain and if the token gets enough support we can ensure that all of the hard work everyone has done and continues to do doesn't one day get all traces of it eliminated. Keep saving, archiving, seeding, downloading and sharing everything. If you don't you allow them to erase and rewrite history how they see fit. Remember that you pay them to tell you what you can talk about. :)
-
2:09:25
Steven Crowder
4 hours ago🔴 Donald Trump vs. Elon Musk: The Massive Battle Over the Big Beautiful Bill
223K184 -
1:00:20
Blockchain Basement
1 hour agoTrump BETRAYS America! (Solana PumpFun DOOMSDAY?)
24 -
LIVE
Total Horse Channel
11 hours ago2025 TKO World Premier Reining - Covered Arena - Wednesday
67 watching -
LIVE
The Tom Renz Show
1 hour agoMusk v Trump, mRNA & the Crazy Increases in Fraud
975 watching -
48:55
The Rubin Report
2 hours agoListen to ‘The View’ Crowd Gasp as Host Starts Lying to Her Co-Hosts Faces
26.5K46 -
49:16
The Mel K Show
2 hours agoMORNINGS WITH MEL K - Who Will Investigate the Investigators? The Audacity of the Globalist Agenda. It’s Time to Draw the Line! 6-4-25
4.42K1 -
41:16
BitLab Academy
3 hours ago $0.05 earnedBitcoin Pump Signal (Crypto Supercycle Signal!) Altcoin Market Struggles
1.47K1 -
1:07:59
Discover Crypto
3 hours ago $0.01 earnedBitcoin Supply CRISIS: The ULTIMATE Confirmation for MASSIVE Breakout!
1.67K -
LIVE
The Dilley Show
1 hour agoBBB Fight, The Cost of Elon and More! w/Author Brenden Dilley 06/04/2025
2,438 watching -
LIVE
The Shannon Joy Show
3 hours ago🔥🔥 MAHA Fractures, RFK On Major Damage Control After mRNA Betrayal. Special Guest - Sasha Latypova! 🔥🔥
294 watching