A new nightmare on Wall Street? U.S. banks face criminal probe into global interest rate-fixing scheme as Barclays blows the whistle on America's financial giants
By TOBY HARNDEN and THOMAS DURANTE
PUBLISHED: 23:38 GMT, 28 June 2012
Some of America's top banks are set to be dragged into a major criminal investigation of a global interest rate-fixing scandal about to engulf some of Wall Street's biggest institutions.
The worldwide probe centres on claims traders at Barclays colluded with rival banks to keep interest rates at levels to their benefit.
Barclays agreed to pay a whopping $453million in fines to the U.S. Justice Department and the UK's Financial Services Authority.
But it emerged tonight the bank had struck a deal of 'extraordinary co-operation' with regulators in Washington and London - potentially exposing collusion on interest rates among banks across the globe.
Comments
Why interest exist
"Around us again will be a whole constellation of bankers, industrialists, capitalists and – the main thing – millionaires. Because for the main part, everything will be settled by the question of large amounts of money."
http://www.iamthewitness.com/books/Protocols.in.Modern.English.htm
A summary of the protocols of zion:
Hi Dear Brothers and
Hi Dear Brothers and Sisters,
It looks like they are all starting to turn on each other as the rubber meets the road!!! They aren't going to take the fall for anyone so as each is exposed, they will start taking the rest with them.....I'd say that's the domino effect!
Victory is ours!!!!!