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36 UBS Bankers To Be Implicated In Liborgate, Criminal Charges To Be Filed

Tyler Durden's picture





 

As the fallout of Liborgate escalates, the next big bank to be impacted in the fallout started by Barclays civil settlement "revelation" is set to be troubled UBS, already some 10,000 bankers lighter, where as many as three dozen bankers are reported by the implicated in the fixing of the rate that until 2009 was the most important for hundreds of trillions in variable rate fixed income products. Only instead of attacking the US or even European jurisdiction, where the next big settlement is set to hit is Japan: a country whose regulators as recently as half a year ago promised there were no major issues with Libor, or Tibor as it is locally known, rate fixings. And while this most recent development will have little material impact on UBS' ongoing business model, the one difference from previous settlements is that it will likely include criminal charges lobbed against some of the 36 bankers.

From the FT: "UBS is close to finalising a deal with UK, US and Swiss authorities in which the bank will pay close to $1.5bn and its Japanese securities subsidiary will plead guilty to a US criminal offence. Terms of the guilty plea were still being negotiated, one person familiar with the matter said on Monday, adding that the bank will not lose its ability to conduct business in Japan. The pact between the bank and the US Commodity Futures Trading Commission, US Department of Justice, UK’s Financial Services Authority and UBS’s main Swiss supervisor Finma is expected to be announced on Wednesday, although last minute negotiations continue."

More:

Not all of the three dozen individuals will face criminal or civil charges and the level of alleged misconduct varies among them. While it also is not clear how many bankers will be criminally charged, people familiar with the investigation said the settlement documents will document an intercontinental scheme to manipulate the Yen-Libor interest rate over several years involving desks from Tokyo to London.

 

The UK FSA has also notified at least five individuals linked to UBS that they are being personally investigated in connection with Libor. The watchdog has the power to impose fines and ban people from working in London’s financial services industry.

 

Criminal and regulatory investigations of individuals often take significantly longer than cases against institutions. The global settlement reached with Barclays over the summer did not include any charges against individuals, but several bankers are under criminal investigation, according to people familiar with the matter.

To a big extent, the reason why so many banks have given up on Libor and are now eager to settle comparable allegations, is because in a world in which not banks are primary counterparties to other banks, but central banks onboard all the counterparty risk, especially in Europe, Libor is now an anachronism - an unsecured lending rate remnant from another time, a time when there was risk a bank may fail without dragging its host central bank. That time is now gone, and as a result the only relevant metric now is how effectively can banks flush to the gills with excess reserves courtesy of various central banks, use said capital to generate a return on (central bank) capital, and a high enough ROE to keep shareholders happy.

Which is why even as banks are settling Libor allegations left and right, and even willing to throw some low-level traders under the bus because just like Fabulous Fab Tourre, nobody else had any idea of the criminal rate manipulation that was going on, and certainly not the corner office, what banks are really doing is learning from the master of trading - that would be none other than Steve Cohen - and experimenting with becoming the best hedge fund out there. Because in the new zero NIM normal, where money can not be made by traditional lending verticals, the only option left is to outsmart the competition.

And with retail investors leaving the marketplace in droves, the only ones left to be outsmarted are other banks. In other words, the cannibalization phase is almost upon us. Which means that just like the Knight Capital "fat finger" led to the collapse of one of the biggest market makers, so more and more banks will soon set their sights on their peers (think Bear and Lehman circa 2008), in an attempt to turbocharge their returns in a field in which there are simply too many competitors for everyone to make the needed returns.

Of course, if in the meantime some lowly attorney general can score some brownie points by amputating a division that is no longer needed, and throwing some janitors in minimum security prison for 12-24 months, so much the better for their political career. Sadly, nobody at the top, certainly nobody at HSBC or any of the other big banks, will ever see true justice, at least not until they too suffer the fate of Dick Fuld and suddenly find themselves as the main dish at the ever shrinking predators' ball.

 


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Mon, 12/17/2012 - 16:31 | Link to Comment Dr. Engali
Dr. Engali's picture

Anybody seen Corzine lately ?

Mon, 12/17/2012 - 16:37 | Link to Comment Enslavethechild...
EnslavethechildrenforBen's picture

He's inside the Squid http://benthetheif.blogspot.com/

Mon, 12/17/2012 - 16:43 | Link to Comment Ruffcut
Ruffcut's picture

A day late and 100 trillion dollars short.

Mon, 12/17/2012 - 16:58 | Link to Comment SMG
SMG's picture

Both fathers of the shooters in Colorado and CT were set to testify about this.  That is TOO much of a coincidence.  Wish I could see behind the curtain on this one.

http://www.examiner.com/article/libor-scandal-grows-as-the-fathers-of-two-mass-murderers-were-to-testify?cid=rss

 

 

Mon, 12/17/2012 - 17:19 | Link to Comment NewThor
NewThor's picture

It's weird. When I made this awesome LIBOR video

I used the Dark Knight Rises to frame the situation.

http://www.youtube.com/watch?v=VO6XqbOWyJY

 

 

Mon, 12/17/2012 - 18:46 | Link to Comment Zer0head
Zer0head's picture

and while these bankesters will likely not even be convicted there is justice in America

A Florida man was sentenced Monday to 10 years in federal prison after being charged with hacking into the email accounts of Scarlett Johansson and other Hollywood stars.

http://losangeles.cbslocal.com/2012/12/17/hollywood-hacker-sentenced-to-...

Mon, 12/17/2012 - 20:21 | Link to Comment robertocarlos
robertocarlos's picture

It's even easier to get into her pants.

Mon, 12/17/2012 - 20:30 | Link to Comment Harlequin001
Harlequin001's picture

'Terms of the guilty plea were still being negotiated,'...

There was a time, and a crime , when you were either guilty or you weren't.

If there was a crime it would be investigated and prosecuted and you had your day in court.

Now it's 'negotiated'... truth is it all depends on how wealthy you are.

No fucking wonder we're in such deep shit.

Mon, 12/17/2012 - 23:39 | Link to Comment Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

[praying for a TBTF failure]

Mon, 12/17/2012 - 23:52 | Link to Comment FreedomGuy
FreedomGuy's picture

By the same reasoning, should we indict the Fed and numerous international central bankers for manipulating rates?

Mon, 12/17/2012 - 18:01 | Link to Comment Ginsengbull
Ginsengbull's picture

Two bankers had asshole kids.

 

What's unbelieveable about that?

 

Probably many more psychos out there.

Mon, 12/17/2012 - 18:47 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

 

Both fathers of the shooters in Colorado and CT were set to testify about this.  That is TOO much of a coincidence.  Wish I could see behind the curtain on this one.

http://www.examiner.com/article/libor-scandal-grows-as-the-fathers-of-two-mass-murderers-were-to-testify?cid=rss

 

 

 

The ultimate source for this appears to be "Fabian4Liberty." I see no other documentation. Where's the evidence that these men were expected to testify in the LIBOR scandal? If their sons were turned into mind controlled robots it must have been in order to make sure that these men didn't say anything that would get their superiors in trouble rather than to dissuade them from testifying as those who are called by the state can not refuse. Therefore if the story is true then these fathers are still scheduled to testify. In lieu of some substantial documentation I don't see that happening.

Mon, 12/17/2012 - 19:49 | Link to Comment Radical Marijuana
Radical Marijuana's picture

Yeah, CrockettA, I wish it was possible to tell whether this story about the ALLEGED mass murders' fathers being scheduled to testify about the LIBOR situation is factual, or more disinformation!

I do not have the time or energy to chase all these kinds of stories down. However, I have always found that the more one knows, the worse it gets. I have gotten to the point where I automatically presume that the banksters are the biggest gangsters. The situation has become such runaway triumphant fraud, on such an astronomically amplified scale, that it appears IMPOSSIBLE to keep up with how fast everything is getting even more completely crazy!

The main article here by Tyler was bad enough, but then, reading the comments plunged me even deeper into the infinite tunnel of deceits, to attempt to wrap my head around the magnitude of a campaign to perhaps wipe out the effects of LIBOR prosecutions, by intimidating potential witnesses on this POSSIBLE kind of scale!

I WISH that I was not willing to consider that crimes on this sort of scale were POSSIBLE! However, I did spend several hours looking into the Aurora shooting, and I found that there were overwhelming contradictions, which indicated something must have been rotten to the core in that story. However, I guess I will never know for sure ... When we are dealing with the reality that there are people who have been making trillions and trillions of dollars out of nothing, and using that advantage to gamble with that money in every way that they could imagine ... there seem no sane limits to what magnitude of crimes would be possible to commit, in order to keep that basic system going!

The REALITY is that there are people who can create trillions of units of fiat money out of nothing, and then use that to fund their gambling in the global cybercasino. When they win, they get to keep the profit. When they lose, they get to force the public to pay for the loses, and that keeps on automatically going and going ...The ability to keep that system going goes off the scale of anything I can fully comprehend. However, it is easy to imagine that there ARE people who are able and willing to throw hundreds of millions, or many billions of dollars into paying for covert actions to advance their agenda.

Indeed, since the ability to make money out of nothing is worth uncountable quadrillions of units of value, beyond measure, it is POSSIBLE to imagine that there are people who actually ARE able to divert trillions of dollars into being dishonest, and backing that up with violence, in order to maintain those systems that have already been made. Therefore, it is entirely POSSIBLE to imagine covert criminal campaigns consuming vast resources in order to discredit and destroy any opposition to those established systems. The already established REAL systems are the result of the best organized criminals taking control of governments, and forcing everyone else to accept that fundamentally fraudulent financial accounting system!

TRILLIONAIRE MASS MURDERERS ARE REALLY BEHIND WHAT IS HAPPENING.

THE CENTRAL SOCIAL FACT IS THAT THERE IS A DEBT ENGINE SYSTEM!

IT IS BASED ON BEING ABLE TO MAKE MONEY OUT OF NOTHING AS DEBTS.

Everything else, like LIBOR, are merely minor wrinkles in that overarching social reality! The whole system is already based on huge lies, backed up by violence, on an astronomically amplified scale, which has been automatically growing at an exponential rate for Centuries! In that context, it becomes quite plausible that that system would be willing and able to run operations to discredit and destroy anybody who was some real opposition, in ways that merged with the secret police of the biggest countries, or even exceeded them! After facing those CENTRAL SOCIAL FACTS, the issues appear to be that there is nothing that that established system could not afford to do to maintain and advance itself. There are hardly any apparent limits to what trillionaire mass murders could not be willing and able to do.

Mon, 12/17/2012 - 20:07 | Link to Comment Who is John Galt
Who is John Galt's picture

Another astute post radical MJ! Now we are getting somewhere.

So what conclusions could we draw from this? How can we prove it?

And, if we did prove it would we live much longer after the fact?

Mon, 12/17/2012 - 20:37 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

I often assume the worst but I do not assert the worst without evidence. If the story is true it could only be known via some documentation. If no documentation exists then I have to let it go because as you said one has no time to chase every goose in the yard.

Sat, 12/22/2012 - 08:37 | Link to Comment Liberty2012
Liberty2012's picture

Disinformation requires a multiple lens approach. You may not have time for 100% proof, but you can get enough understanding for practical use.

It looks like the LIBOR is the misinform part of the story used to direct your atttention away from other truth: both were well-connected in key financial areas.

I think there were two other connections. Both shooters were young men on medications - the kinds of drugs known to be associated with suicides. Both shootings happeneded in locations connected to movies about elite abuse of power.

RM is correct. The dishonest payment system, government mandated fractional reserve banking, is the at the root of our loss of morals and freedom.

Mon, 12/17/2012 - 23:55 | Link to Comment Hapa
Hapa's picture

Stacy and Max think the Libor connection is B.S.

http://maxkeiser.com/2012/12/17/mass-shootings-connected-to-libor-scandal/

Tue, 12/18/2012 - 14:20 | Link to Comment Radical Marijuana
Radical Marijuana's picture

That Max Keiser story states:

THIS IS A BIG HOAX STORY ORIGINATING FROM SORCHA FAAL.

In the past, I have found Sorcha Faal to be the "source" of a lot of disinformation, and ridiculous, over-top-stuff that appears intended to mislead people to believe TOO MUCH. Exaggerated and misleading stories appear to have the purpose of distracting people, or perhaps discrediting them to believe in those hoaxes, and then repeat them to other people.


As the Keiser story states, there are plenty of real problems! 

The fundamentally privatized, fiat money creation out of nothing as debts is the WORST, at the present time. It is BECAUSE something so inconceivably crazy and corrupt as that EXISTS, that the basic truth is that the whole world is controlled by huge legalized lies, backed by legalized violence! Inside that context, it is difficult to discern which particular things were illegal crimes, since the greatest of all crimes are the legalized crimes!

Mon, 12/17/2012 - 20:33 | Link to Comment klockwerks
klockwerks's picture

Thanks for that link. This is just to wierd. Not sure how to connect any dots here but I would bet you won't see this on any MSM.

Wed, 12/19/2012 - 07:18 | Link to Comment Clothcap
Clothcap's picture

SMG "Both fathers of the shooters in Colorado and CT were set to testify about this."

PressTV carried a story blaming the psycho Netanyahu. Basically it said that the psycho was T'd off with the US public for returning Obama rather than either of their purchases, McCain -Romney. (The psycho also attracted blame for the Benghazi-Stevens incident with the implication that it was done to embarass Obama and give McCain the edge in the election, with McCain's knowledge aforehand.)

http://www.presstv.ir/detail/2012/12/18/278706/israeli-squads-tied-to-ne...

There seems to be increasing stimulation of anti zionist (rather than anti jewish) sentiment. Is the NWO Pilgrims Society distancing itself from its luciferian attack dog component as revelations of paedophilia, blackmail, child murder increasingly become pubic?

Btw the Examiner link is broken (at the site too). There is a vid on the subject - http://www.examiner.com/video/libor-scandal-grows-as-the-fathers-of-two-...

 

Mon, 12/17/2012 - 20:22 | Link to Comment ball-and-chain
ball-and-chain's picture

People like Corzine are safe.

He's too big to fail.

They'll find a few flunkies and pin it on them.

Lambs to the slaughter.

Peace.

http://www.angrysinner.blogspot.kr/2012/12/yesterday-i-hiked-ten-miles-through_17.html

Mon, 12/17/2012 - 21:39 | Link to Comment philipat
philipat's picture

Is it just a coincidence that the US Regulators have only exposed foreign Banks? Oops, I forgot, the US Banks are all beyond reproach and are doing God's work.

Mon, 12/17/2012 - 16:34 | Link to Comment dbTX
dbTX's picture

Yes I saw Corzine yesterday, he's still busy bundling.

Mon, 12/17/2012 - 16:53 | Link to Comment Ruffcut
Ruffcut's picture

You are mistaken. He is spooning with a big pile of goldman ballsacks bullshit.  It's still warm and willing.

Mon, 12/17/2012 - 17:02 | Link to Comment Bay of Pigs
Bay of Pigs's picture

FREE Jon Corzine!

Mon, 12/17/2012 - 17:10 | Link to Comment Going Loco
Going Loco's picture

He's only free because nobody would give you anything for him. Free stuff is usually rubbish.

(Glad you're still there BoP, remember you from Mish, 5 years ago)

Mon, 12/17/2012 - 17:56 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Goin Loco, has it been that long? LOL. 

Peace and Aloha bro...

Mon, 12/17/2012 - 23:55 | Link to Comment FreedomGuy
FreedomGuy's picture

He and Timmy Geithner are forming a joint venture. Corzine handles the investing and accounts. Timmy handles the taxes. It's hard to find expertise and connections like this anywhere else.

Mon, 12/17/2012 - 16:34 | Link to Comment Disenchanted
Disenchanted's picture

 

 

Implicated! WTF!??

 

All 36 sure to be lower level scapegoats...

Mon, 12/17/2012 - 17:09 | Link to Comment Going Loco
Going Loco's picture

Plea negotiations = corruption at the highest level

When the whole fruit is rotten it's impossible to see the original wormhole and the worm itself has long gone.

Mon, 12/17/2012 - 16:35 | Link to Comment EscapeKey
EscapeKey's picture

Ronnie Biggs' main crime was not working for a bank.

Mon, 12/17/2012 - 16:35 | Link to Comment Zola
Zola's picture

Of course they should never lose their ability to "conduct business". God no, we cannot get rid of the corrupt , worthless, inefficient , criminal businesses. Be a gooooood  sheep and go back to sleep !!

Mon, 12/17/2012 - 16:35 | Link to Comment Goy_Debt_Slave
Goy_Debt_Slave's picture

How likely will you see any convictions?

 

here is the track record so far for President Obama! the ZIONIST LOBBY PUPPET LIAR!!

 

Obama’s War on the Truth Obama’s War on Whistle Blowers  

US ‘waging war’ on whistleblowers

http://www.rt.com/news/us-whistleblowers-constitutional-right-773/

 

US 'Assange hunt' chokes air for whistleblowers

http://www.rt.com/news/assange-manning-media-freedom-516/

 

Obama targets journalists Guest Post: His administration's war on whistleblowers is also an assault on reporters

http://www.salon.com/2012/04/09/journalists_casualties_in_the_war_on_whistleblowers/

 

Obama’s unprecedented war on whistleblowers From Manning to Kiriakou, critics are aggressively targeted as the White House turns a blind eye to abuses http://www.salon.com/2012/02/09/obamas_unprecedented_war_on_whistleblowers/

 

UBS Whistle Blower in Jail for helping the IRS with over 2,000 Tax Dodgers! http://www.usatoday.com/money/perfi/taxes/2010-01-08-ubs-tax-evasion-informant-prison_N.htm

 

'Austrian tax evasion whistleblower' dies in Swiss jail http://austrianindependent.com/news/General_News/2010-10-01/4765/%5C'Austrian_tax_evasion_whistleblower%5C'_dies_in_Swiss_jail

 

Swiss tax whistleblower to give WikiLeaks new data & in Jail for it http://www.reuters.com/article/2011/01/16/us-wikileaks-swiss-idUSTRE70F0TF20110116   Republicans responsible for whistleblower 'secret hold' The Whistleblower Protection Enhancement Act (Bill S.372) flew through the Senate with apparently unanimous bipartisan support, but just as it reached the finish line it skidded to a halt, shot down by someone who didn't want to take responsibility. http://www.dailykos.com/story/2011/04/02/962629/-Republicans-responsible-for-whistleblower-secret-hold-    U.S. Intelligence Reports Continue to Confuse Political Dissent with Terrorism https://www.cdt.org/blogs/harley-geiger/us-intelligence-reports-continue-confuse-political-dissent-terrorism No Matter which side you are on.. Team Blue? Or Team Red?? Or Liberal or Conservative.. No Matter WHICH SIDE YOU CHOOSE! BOTH!! Are viewed as Terrorist Acts by the Department of Homeland Security,  there will be NO! voicing opinions Against the Government!   Losing gamble to rigged market capitalism: Keiser Report Extra / Cass Sunstein Cyber-proposals http://www.youtube.com/watch?v=csvECHC3zxo&NR=1   US Air Force adopting Cass Sunstein Cyber-proposals United States Air Force Persona Management Software.

Solicitation Number: RTB220610
Agency: Department of the Air Force
Office: Air Mobility Command
Location: 6th Contracting Squadron
0001- Online Persona Management Service. 50 User Licenses, 10 Personas per user.
Software will allow 10 personas per user, replete with background , history, supporting details, and cyber presences that are technically, culturally and geographically consistent. Individual applications will enable an operator to exercise a number of different online persons from the same workstation and without fear of being discovered by sophisticated adversaries. Personas must be able to appear to originate in nearly any part of the world and can interact through conventional online services and social media platforms. The service includes a user friendly application environment to maximize the user's situational awareness by displaying real-time local information.
Contracting Office Address:
2606 Brown Pelican Ave.
MacDill AFB, Florida 33621-5000
United States

Place of Performance:
Performance will be at MacDIll AFB, Kabul, Afghanistan and Baghdad, Iraq.
MacDill AFB , Florida 33679
United States

Primary Point of Contact.:
Russell Beasley,
Contracting Officer

russell.beasley-02@macdill.af.mil
Phone: (813) 828-4729
Fax: (813) 828-5111

https://deeppoliticsforum.com/forums/showthread.php?6530-US-Air-Force-adopting-Cass-Sunstein-Cyber-proposals

 

The U.S. Army illegally ordered a team of soldiers specializing in "psychological operations" to manipulate visiting American senators into providing more troops and funding for the war, Rolling Stone has learned – and when an officer tried to stop the operation, he was railroaded by military investigators.

 http://www.rollingstone.com/politics/news/another-runaway-general-army-deploys-psy-ops-on-u-s-senators-20110223#ixzz1voLb9Vy0

 

Congressmen Seek To Lift Propaganda Ban Propaganda that was supposed to target foreigners could now be aimed at Americans, reversing a longstanding policy.

http://www.buzzfeed.com/mhastings/congressmen-seek-to-lift-propaganda-ban

 

Why Obama Will NOT Prosecute Any Of The Bush War Criminals

http://www.youtube.com/watch?v=F8xxsbcYpTs

 

Obama thru The Department of Homeland Security Crushes the Nationwide Occupy Protests!

Homeland Security Documents Show Massive Nationwide Monitoring of Occupy Movement

Documents just obtained by the PCJF from its FOIA request show massive nationwide monitoring, surveillance and information sharing between the Department of Homeland Security and local authorities in response to Occupy. The PCJF, also on behalf of author/filmmaker Michael Moore and the National Lawyers Guild Mass Defense Committee, has made a series of FOIA demands regarding law enforcement involvement in the Occupy Crackdown.

http://www.justiceonline.org/commentary/dhs-releases-more-documents.html

 

Obama’s War on the Truth Obama’s War on Whistle Blowers US ‘waging war’ on whistleblowers
http://www.rt.com/news/us-whistleblowers-constitutional-right-773/US


 

'Assange hunt' chokes air for whistleblowers

http://www.rt.com/news/assange-manning-media-freedom-516/

Obama targets journalists
Guest Post: His administration's war on whistleblowers is also an assault on reporters
http://www.salon.com/2012/04/09/journalists_casualties_in_the_war_on_whistleblowers/

Obama’s unprecedented war on whistleblowers
From Manning to Kiriakou, critics are aggressively targeted as the White House turns a blind eye to abuses
http://www.salon.com/2012/02/09/obamas_unprecedented_war_on_whistleblowers/

 

Mon, 12/17/2012 - 16:40 | Link to Comment SheepDog-One
SheepDog-One's picture

If you suck the devils dick, you get no jail time....if youre suspected of maybe being a whistleblower, your family gets set up and murdered.

Libor scandal grows as the fathers of two mass murderers were to testify - National Finance Examiner | Examiner.com

Mon, 12/17/2012 - 17:21 | Link to Comment falak pema
falak pema's picture

what is the hidden message in your post; are the fathers whistle blowers or hitmen for corpocracy.

Mon, 12/17/2012 - 16:42 | Link to Comment Enslavethechild...
Mon, 12/17/2012 - 16:43 | Link to Comment fuu
fuu's picture

Oh good, JW in FL is back.

Mon, 12/17/2012 - 16:53 | Link to Comment francis_sawyer
francis_sawyer's picture

Not that you care... But I 'UP' arrow you too many times... (& I left a tail to a reply on a previous thread)...

Mon, 12/17/2012 - 16:56 | Link to Comment SMG
SMG's picture

You guys are blaming the wrong people. It is the Luciferian Elite behind this stuff.  Not Jewish people.

Mon, 12/17/2012 - 17:29 | Link to Comment francis_sawyer
francis_sawyer's picture

Those 'Luciferian Elitists'... Umm ~ did they come before or after Cane & Abel???...

~~~

Actually  ~ y'all are starting to convince me... I'm going to start narrowing my focus on a tangential subset of:

- Trekkies

- Birders

- & Zumba enthusiasts

from now on... Thanks for helping me refine my search for truth & knowledge...

 

Mon, 12/17/2012 - 17:55 | Link to Comment Ginsengbull
Ginsengbull's picture

True SMG. There's plenty of working class Jews, but they don't brag about it.

Mon, 12/17/2012 - 16:57 | Link to Comment fuu
fuu's picture

The arrows are silly. I replied in the Bloomberg thread.

Mon, 12/17/2012 - 17:39 | Link to Comment francis_sawyer
francis_sawyer's picture

I agree that the arrows are silly... But I do admit that I use them on occasion... It's a petty indulgence [which I only use if I don't have the time to write a complete thought & publish it ~ in which case, ARROWS are not required when you have the guts to say what's on your mind]... 

More on the subject of 'FUNNIN' (see comment below)...

fuu ~ It's not all about HATE... It's about coping with absurdity...

Mon, 12/17/2012 - 18:02 | Link to Comment fuu
fuu's picture

I'd let you in my foxhole duder.

 

Mon, 12/17/2012 - 20:08 | Link to Comment francis_sawyer
francis_sawyer's picture

The only thing you'd have to worry about would be my susceptibility to being double-crossed by a hot looking 'spy-ette' nymph totin some primo vodka who came along the way... Otherwise ~ I'd be an asset in all instances...

Mon, 12/17/2012 - 17:50 | Link to Comment Ruffcut
Ruffcut's picture

Hey goy gay boy change your name to goy dick suck. It suitsd you better.

Other Zfuckers, check his profile for nothing exist except bullshit.

Sigh....... even ZH is contaminated with feces.

Mon, 12/17/2012 - 16:36 | Link to Comment DaveyJones
DaveyJones's picture

These banking prosecutors have never heard of jail or a no contact order 

Mon, 12/17/2012 - 16:39 | Link to Comment SheepDog-One
SheepDog-One's picture

Huh, the Sandy Hook school shooters dad was another set to testify in LIBORgate scandal just like Aurora theater shooter Holmes dad was? Seems they're taking this very seriously indeed.

Libor scandal grows as the fathers of two mass murderers were to testify - National Finance Examiner | Examiner.com

Mon, 12/17/2012 - 17:04 | Link to Comment Goy_Debt_Slave
Goy_Debt_Slave's picture

they can only run over so many people with Taxi's before the Sheepeople start to wonder.

 

Merry Christmas SheepDog!

 

The link is for the people who dont know SheepDog NOT! You. http://en.wikipedia.org/wiki/Andrew_Maguire_(whistleblower)

Mon, 12/17/2012 - 17:39 | Link to Comment falak pema
falak pema's picture

so his sister is sheep-bitchie?

I don't know how they call a female sheepdog, doggess!  Not goddess, maybe bitchez! 

Mon, 12/17/2012 - 17:53 | Link to Comment SheepDog-One
SheepDog-One's picture

No doubt, 'info can no longer be found'...did you mean to type 'whatchoo talkin bout Willis'?

Mon, 12/17/2012 - 16:46 | Link to Comment Dr. Engali
Dr. Engali's picture

Did CNN report that? Because if they didn't it must not be true.

Mon, 12/17/2012 - 17:04 | Link to Comment chunga
chunga's picture

That's correct. This has yet to be confirmed by The Ministry of Truth.

Connecticut Police Spokesman Newtown Will Prosecute Independant Journalist Whistleblowers

Mon, 12/17/2012 - 17:18 | Link to Comment fijisailor
fijisailor's picture

Please explain the logic.  The kids dad was going to testify in LIBOR so the kid went out and killed 20 people and was the object of some conspiracy?  He didn't really do it or what?

Mon, 12/17/2012 - 17:55 | Link to Comment SheepDog-One
SheepDog-One's picture

Patsy's.

Mon, 12/17/2012 - 17:18 | Link to Comment Mi Naem
Mi Naem's picture

The only source I can see reporting that is David Icke of "the illuminati are actually alien reptilian shape-shifters" fame. 

I hope we can do better than that! 

Anyone have a more reliable source, such as The Onion?

Mon, 12/17/2012 - 17:40 | Link to Comment Ginsengbull
Ginsengbull's picture

Genetic predisposition for sociopathic behavior is a dominant gene.

Mon, 12/17/2012 - 16:41 | Link to Comment sessinpo
sessinpo's picture

10,000 bankers. LOL. You mean cashiers. All of a sudden tellers have become bankers as if they know where to invest $1million internationally with the currency and tax implications as well the specific fundamentals of the government or business. That is rich - LOL. I'll pass that one on to my teller when I make my next partial deposit. They'll probably ask their manager for a raise. Hey boss, I'm a banker, not a teller. LOL

Mon, 12/17/2012 - 17:32 | Link to Comment Urban Redneck
Urban Redneck's picture

My understanding is that there was actually a large number of bankers in the group, plus a fuck-ton of support personnel, but the tellers mostly spared compared to how it normally works...

Mon, 12/17/2012 - 17:39 | Link to Comment Ginsengbull
Ginsengbull's picture

Is the name Tyler derived from the job teller?

Mon, 12/17/2012 - 16:40 | Link to Comment grunk
grunk's picture

I see some pretty tough fines and/or community service on the horizon.

 

Mon, 12/17/2012 - 16:40 | Link to Comment centerline
centerline's picture

Once the big boys turn on each other, it is not long after that we see real sparks start to fly.

Mon, 12/17/2012 - 16:57 | Link to Comment youngman
youngman's picture

Not going to happen..the tribe protects their own

Mon, 12/17/2012 - 17:22 | Link to Comment centerline
centerline's picture

I could see that.  But, that would seem to imply they collectively pull the rug out at some point in time.

 

edit:  I still think TPTB are pure alpha.  Someone is going to eat someone along the way.  There might be a core group with a "don't skewer me" agreement, but I would wager it is smaller that the current group we see.  Also, the banks are just fronts.  Just speculating...

Mon, 12/17/2012 - 17:37 | Link to Comment Ginsengbull
Ginsengbull's picture

The core group keeps some associates at the ready, to throw to the dogs if need be.

Mon, 12/17/2012 - 16:41 | Link to Comment Chupacabra-322
Chupacabra-322's picture

Hmmmmm, I wonder whose Father's in the recent mass shootings were supposed to testify in the LIBOR scandal? I wonder.

Mon, 12/17/2012 - 16:55 | Link to Comment francis_sawyer
francis_sawyer's picture

We'll prolly know by the next mass shooting... Either that, or after the next 'Hunger Games' movie gets released... & if you hear NOTHING... It means Kate Middleton's pregnancy is proceeding without problems...

Mon, 12/17/2012 - 16:43 | Link to Comment Joebloinvestor
Joebloinvestor's picture

What does anyone expect from a country that has TEPCO in charge of electricity?

More bowing and apologizing and then back to business as usual.

No banker of any position will go to jail.

Mon, 12/17/2012 - 17:19 | Link to Comment falak pema
falak pema's picture

nippon death wish...land of shogun.

Mon, 12/17/2012 - 16:44 | Link to Comment azusgm
azusgm's picture

Dick Fuld? When was he arrested? What is his prisoner number?

Publicly ridiculed by us little people and punched at the company gym. Never had a handsome face anyway. Big deal.

Hard time or nothing happened.

Mon, 12/17/2012 - 16:47 | Link to Comment JonNadler
JonNadler's picture

and the punishment? A week without caviar?

Mon, 12/17/2012 - 17:12 | Link to Comment JonNadler
JonNadler's picture

Did anything happen to me? And am a small fish compared to these bad boyz

Mon, 12/17/2012 - 17:01 | Link to Comment NEOSERF
NEOSERF's picture

Not that the banks are blameless and shouldn't have this happen to them but is it just me or does the pace and size of the settlements seem to have picked up so that we can start to put this down as a government line item of multi-billions every year...what exactly happens to these "settlements" anyway?

Mon, 12/17/2012 - 17:30 | Link to Comment jayman21
jayman21's picture

I know one place you will not find them, with the people who suffered damages.

Mon, 12/17/2012 - 17:03 | Link to Comment imbrbing
imbrbing's picture

I was just today wondering what ever happened to "that LIBOR thing". I guess they were taking their time picking out who was to take the fall. I don't see this causing any problems in the future. Many hand slappings around.

Fine them 1 cent for every 100 mill, maybe throw the janitor in jail for the sheeple. a year from now nothing really happened.

Mon, 12/17/2012 - 17:14 | Link to Comment fijisailor
fijisailor's picture

SO will any big US banks ever be called on this?

Mon, 12/17/2012 - 17:14 | Link to Comment Miss Expectations
Miss Expectations's picture

I just got back from the supermarket.  There was an older woman behind me with a few items in her basket.  I told her that the express line was open, and I pointed to the other line.  She told me she had 11 items and didn't want to cheat.  American's like this don't understand the enormous fraud that's taking place.  It's beyond their ken.

Anyway, it was a nice moment.

Mon, 12/17/2012 - 17:26 | Link to Comment imbrbing
imbrbing's picture

I love hearing things like this. A person like this is welcome to my preps. It really is the little things that matter.

Mon, 12/17/2012 - 17:32 | Link to Comment jayman21
jayman21's picture

My guess is that she would score pretty low on the psychopath test.

Mon, 12/17/2012 - 17:25 | Link to Comment Kastorsky
Kastorsky's picture

KILL THEM!

Mon, 12/17/2012 - 17:43 | Link to Comment nasa
nasa's picture

36 will surely findout that today was a tough day to be brown at UBS....

Mon, 12/17/2012 - 19:02 | Link to Comment ForTheWorld
ForTheWorld's picture

This snippet is interesting...

"...in a field in which there are simply too many competitors for everyone to make the needed returns."

These banks (where are legally defined as "individual), operating under and within the guise of a capitalist economy, where the weak ones will pass away, and the strongest, most robust and competitive entities should survive, appear to now only exist because they have received copious funds from the public, much like a blood transfusion, and any illegal activity they attempt and complete is simply disregarded. However, if individual humans, without the full backing of governments or other corporate entities were to pursue the same rate fixing, they'd receive one hundred years in prison and perhaps the death penalty for good measure - just to make sure the right message has been sent (which is, get into a corporation, fleece the world for money, and then spend it, keeping it in a corporate loop).

I don't know whether to laugh or cry at just how ridiculous this whole thing is.

Mon, 12/17/2012 - 19:18 | Link to Comment israhole
israhole's picture

Oooooo, charges are going to be filed?  Big fuckin' deal.  Stupid GOYIM will lap it up so they can get screwed again tomorrow.

Mon, 12/17/2012 - 20:12 | Link to Comment yogibear
yogibear's picture

The  guilty ones with power and clout never are prosecuted. Only the small people are prosecuted  and thrown in jail.

Corzine is one example.

 

Mon, 12/17/2012 - 23:16 | Link to Comment Sandmann
Sandmann's picture

http://www.staffordshire.police.uk/info_advice/op_campaigns/poca/

 

So when will the UK apply POCA to Bankers and sequestrate ALL their assets as proceeds of crime ?

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