What if the truth were just too bad for you to be informed of....

[matmar]

http://robertreich.org/post/26708840314

What if it were soo bad that revealing it would destroy and I mean absolutely destroy the economy overnight....

[phantom power]

1. I question how much the public cares. Taibbi already wrote it up in Rolling Stone.

As with all the other illegal bankster shenanigans, the public at large isn't reacting much at all, much less demanding that any of these supervillains be sent to prison. As usual, it leaves a person wondering how bad it will get before the torches and pitchforks come out.

[Lionessa]

5. Demanding has happened, imo, but no pols are going to jail their benefactors.

Once it becomes obvious that the admins are in cahoots with the banksters,et al, what's the point of demanding.

As for pitchforks and torches, well, I'm not sure how stupid most of Americans really are, but with militarized police forces and drones and such, and all the publicized civil rights violations around PEACEFUL protests by same, how exactly are we to pull that whole scenario out? Additionally we have learned over the past 30years or so, protests regardless of how large or how world wide, accomplish virtually nothing here in the states.

[treestar]

2. Supposing what might be

But suppose our assumption is wrong. Suppose the bankers are manipulating the interest rate so they can place bets with the money you lend or repay them – bets that will pay off big for them because they have inside information on what the market is really predicting, which they’re not sharing with you.

That would be a mammoth violation of public trust. And it would amount to a rip-off of almost cosmic proportion – trillions of dollars that you and I and other average people would otherwise have received or saved on our lending and borrowing that have been going instead to the bankers. It would make the other abuses of trust we’ve witnessed look like child’s play by comparison.

Sad to say, there’s reason to believe this has been going on, or something very much like it. This is what the emerging scandal over “Libor” (short for “London interbank offered rate”) is all about.

It would be, but he is a long way from proving it true. "Reason to believe this is going on" does not cut it.

[ret5hd]

3. what would it take to convince you?

[dipsydoodle]

4. Makes you wonder

why the financial services authorities both side of the Atlantic have kept this under wraps for 4 years.

[PSPS]

6. You're fooling yourself

Barclay's couldn't have pulled off this fraud all by themselves. LIBOR isn't set by them alone.

[rhett o rick]

7. So what's your point? Dont worry, be happy? I want some of what you're smokin'. nm