Tag Archives: Libor

US Media Ignored LIBOR for up to a month!

As reported from this blog, the US media has ignored this story for over a month! It seems that we are getting a false picture of the enormity, or scale of this story.Corporate Media Blacked Out Libor Scandal For More Than A Month

That’s not just some unfounded speculation either as Media Matters has done the research to back up the claim with facts.

Their scathing report shows that the corporate media either ignored the story altogether or gave it very sparse coverage in sound bites revealing little information for over a month after the story broke.

The story just refused to die and has been making headlines in Europe forcing the US media to at least acknowledge it since.

Although manipulation of the news is of no real surprise, it should at least wake us up to the fact that there is a lot going on here, and it doesn’t just affect European economies. This was a global financial rigging of the interest rates and many many people lost their jobs and their homes due to this.

It is turning out to be one of the biggest financial frauds in recorded history and the MSM in the states is not keeping us informed on issues that impact us directly and catastrophically!

Organized fraud behind LIBOR scandal

There have been plenty of banking scandals, but none quite like this: Investigators and political leaders believe that the manipulation of the Libor benchmark interest rate was the result of organized fraud. Institutions that participated could face billions in fines and penalties.

Organized Fraud Cartel Emerges At Center Of Libor Scandal

Of course there had to be organized fraud behind this! There is no way this scandal could have affected this many people or have be so deeply entrenched in all of the big banks without some sort of organization to it.

I predict that very few of the “top dogs” will actually be affected by this. It is starting to look like a RICO scandal, and there will be a few mid level employees gladly falling on their swords in a vain attempt at licking boot.

When will this corruption end, and what will be the final cost?

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