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Showing Original Post only (View all)Barclays bank didn’t just scam other financial giants [View all]
Barclays, the British bank, forced out its chairman and paid $450 million in connection with a fraud investigation. This is a very big deal because, in all likelihood, you were a victim.
While financial scams have taken a toll on the economy, they have often been sharks-ate-sharks affairs. When a Goldman Sachs rigs up trading in mortgage securities, one rich guy gets richer and one gets poorer. When a J.P. Morgan loses, oh, $9 billion in trading, shareholders take the hit.
Barclays helped nick virtually everyone who has a credit card, mortgage or student loan. Thats because interest rates on these loans are pegged to the London Interbank Offered Rate, or LIBOR.
http://www.nydailynews.com/opinion/barclays-bank-scam-financial-giants-article-1.1106700#ixzz1zfD8u59v
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There is going to a huge number of law$uit$ over this with Barclays being on the wrong end. n/t
PoliticAverse
Jul 2012
#2
LIFE IMPRISONMENT for the ALL the bankster scum, not just civil suits, nail their arse to the wall
stockholmer
Jul 2012
#3
Diamond is a US citizen. Location doesn't matter as long as donations are from US persons
FarCenter
Jul 2012
#17
He's US/British citizen, but I think it is still OK. I'm pretty sure US/Israeli citizens contribute
FarCenter
Jul 2012
#20
Just like the Fed, the Bank of England wanted lower rates to lessen the impact of the crisis
FarCenter
Jul 2012
#10
But if they were colluding to lower their rates, didn't that lower the rates of consumers
JDPriestly
Jul 2012
#9
no more virgins, we need to toss the top rung of the banksters into a volcano caldera.
pansypoo53219
Jul 2012
#14
Maybe the Barclay's Premier League will go back to its original title of...
Crowman1979
Jul 2012
#16