In this video, “Viewpoint” host Eliot Spitzer, Matt Taibbi, Rolling Stone contributing editor, and Dennis Kelleher, president and CEO of Better Markets, analyze the Libor interest rate–rigging scandal engulfing the banking industry.
Understand that this is the largest banking corruption scandal in history! These large banks have stolen money from every single human on the planet. Not one person was left out. Not even YOU! Now that it is exposed there is no going back. This one will not go away. It was not planned to go away like other “banking scandals”. This one will build and build and build until it is known by every man, woman and child on the planet.
This is the exposure that will END the bad guys reign. I’ve said it over and over: Timing, timing, timing. The evil vampire banksters have been stabbed in the heart with various stakes in the past few months but this one is by far the largest. (note: the last one will be made of SILVER so be ready for it!)
Know this: All is going as planned for the Good Guys. Is it going as planned for you? You don’t have to be a victim any longer. Don’t just sit back in denial. Act now by starting your own gold backed savings account to hedge against financial crisis.
Barclays CEO Bob Diamond recently resigned after the bank was fined $453 million for its part in the scandal, which involved manipulating the London Interbank Offered Rate (Libor), a key global benchmark for interest rates, by essentially “faking their credit scores,” according to Taibbi. And as Taibbi explains, Barclays couldn’t have acted alone.
“It can’t just be Barclays and the Royal Bank of Scotland. In fact, it can’t even be four banks or even five banks,” he says. “Really, in the end it’s probably going to come out that it’s going to be all of them … involved in this. And that’s what’s critical for people to understand: that this is a cartel-style corruption.”
Kelleher argues that the Libor scandal is proof that the financial industry “is corrupt and rotten to its core.” “The same executives using the same business model that crashed the entire financial system in ’08 are still running these banks,” he says.
Eliot Spitzer says “the mob learned from Wall Street” but the libor scam is cartel-style corruption. Have you learned yet that the game is NOT stacked in your favor?!? Do you NOT see this yet? Please for your own sake, get an account at Karatbars, International right now for your own protection, and earn some referral fees by getting your colleagues to do likewise.
We should be outraged and screaming bloody murder over this. Either protect yourself now, or keep wondering what’s going to happen with Tom Cruise and Katie Holmes’ divorce.