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UK Orders WSJ To Withold Names Of Implicated LIBOR Manipulators After Story Already Hits Wires

Tyler Durden's picture




 

In what is a staggering example of not only state meddling in the affairs of the "free press", but worse, sheer state idiocy, yesterday the WSJ posted an article on its website revealing that as many as 24 co-conspirators would be exposed shortly in the ongoing Libor manipulation scandal and divulging the names of various individuals on this list. What promptly followed was truly bizarre. As the WSJ reports shortly after posting the article, "a British judge ordered the Journal and David Enrich, the newspaper's European banking editor, to comply with a request by the U.K.'s Serious Fraud Office prohibiting the newspaper from publishing names of individuals not yet made public in the government's ongoing investigation into alleged manipulation of the London interbank offered rate, or Libor." This happened at 7:18 pm London time, after the original WSJ article had already hit the Internet.

The WSJ added that "The order, which applies to publication in England and Wales, also demanded that the Journal remove "any existing Internet publication" divulging the details. It threatened Mr. Enrich and "any third party" with penalties including a fine, imprisonment and asset seizure."

As a result, the media organization decided to comply with this gross example state censorship, and now in the place of the article, one could find the following note:

... but not before protesting vocally.

The article said the government was preparing to name roughly two dozen traders and brokers, adding that prosecutors were still finalizing their plans and that the list could change, citing people familiar with the process. Inclusion on the list doesn't represent a formal accusation of wrongdoing and doesn't mean the individuals will be charged with crimes.

 

"This injunction is a serious affront to press freedom," said Dow Jones & Co., publisher of the Journal. "We have been left with no choice but to remove the previously published story from WSJ.com and to withhold publication from the print edition of The Wall Street Journal Europe. However, we will continue to vigorously fight the injunction in the coming days."

Yet it is not the censorship that is most shocking here, but the way the UK's SFO went about scrubbing the trail. Because while the European version of the newspaper may have retracted the article from today's print edition, the piece was still in the US version. Furthermore, since the original WSJ article hit the net before it was pulled, it was promptly picked up and reforwarded by either robotic or manned resyndicators of the WSJ. One such example was ValueWalk which took down the salient details that the SFO is so concerned about:

Among those who could be name are several of Hayes’ former coworkers at both Citigroup Inc and UBS AG. Michael Pieri, who was Hayes’ boss while he worked at UBS, was fired by the bank and moved to Australia. Hayes’ former assistant at UBS, Mirhat Alykulov, could also be on the list. Sources said he has been cooperating with investigators from the U.S.

 

Another name which could be on the SFO’s list is Christopher Cecere, who was Hayes’ boss while he worked in Citigroup’s Tokyo operations. Cecere resigned from his position at Citigroup around the same time Hayes was fired. Other people who could be on the list are ex HSBC Holdings plc trader Luke Madden, former JPMorgan Chase & Co. employee Paul Glands, and former Rabobank employee Paul Robson.

And, of course, the full list is in today's US print edition of the WSJ. Which begs the question: aside from matter of state censorship and free press intervention, what exactly did the UK hope to achieve here? After all, a cursory one minute search would reveal all the names hidden, but now the extra buzz generated by UK's attempt to quash the story, merely made it that much more interesting to all, and whereas some may have skipped it - after all who really cares about Libor manipulation anymore considering the entire market is openly manipulated by the Fed now - now everyone will focus on the names that were purposefully withheld.

Sheer statist stupidity.

The letter sent to the WSJ is below:

 

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Fri, 10/18/2013 - 08:46 | 4068273 LawsofPhysics
LawsofPhysics's picture

The banking center of the world getting a bit nervous?  Fuck em, roll the motherfucking guillotines, nothing changes otherwise.

Fri, 10/18/2013 - 08:51 | 4068284 GetZeeGold
GetZeeGold's picture

 

 

Can't release their names.....imagine the shame that would be put on them!

 

Rest assured they were given a stern talking too.

Fri, 10/18/2013 - 09:01 | 4068311 AlaricBalth
AlaricBalth's picture

Tyler(s) - Is this the article referenced? Thank you internet archives! 

http://web.archive.org/web/20131017165514/http://online.wsj.com/news/articles/SB10001424052702304864504579141350746645742

 

U.K. Expected to Name Alleged Co-Conspirators in Libor Scandal By 
DAVID ENRICH  and  JENNY STRASBURG 

Oct. 17, 2013 11:00 a.m. ET

LONDON—British fraud prosecutors next week are expected to publicly name roughly two dozen traders and brokers who they believe were involved in a scheme to manipulate benchmark interest rates, according to people familiar with the plans.

Enlarge Image

The financial district of the City of London. Bloomberg News

Lawyers representing the U.K.'s Serious Fraud Office are due to appear in a London courtroom Monday for a hearing about their criminal-fraud cases against a former bank trader and two former brokers. At that hearing, the lawyers plan to publicly identify other traders and brokers who allegedly conspired with the defendants to rig the London interbank offered rate, or Libor, these people say.

The planned naming of the alleged co-conspirators—who have not been charged—will dramatically expand the roster of individuals, currently confined to a small handful, who have been publicly linked to the Libor scandal. Among those expected to be named Monday are multiple individuals who currently or until recently worked as traders or brokers in the financial industry.

At Monday's hearing, former UBS AGUBS +1.15% and Citigroup Inc. -0.12%trader Tom Hayes is expected to plead not guilty to eight counts of criminal fraud related to his alleged efforts to manipulate benchmark interest rates, according to people familiar with his plans. Two former brokers at R.P. Martin Holdings Ltd., Terry Farr and James Gilmour, charged with similar offenses, are also due to enter pleas. Their lawyers didn't respond to requests for comment.

Lawyers representing the SFO are planning to present a list of the three defendants' alleged co-conspirators. Inclusion on the list doesn't represent a formal accusation of wrongdoing and doesn't mean the individuals will be charged with crimes. Prosecutors are still finalizing their plans for Monday's hearing, and it is possible the list of identified individuals will change, say people familiar with the process. Lawyers for some individuals have lobbied the SFO not to publicly name their clients, but those requests don't appear to have been successful, one lawyer said.

The individuals or their lawyers, and representatives of their past or present employers, either declined to comment on the record, didn't respond to requests for comment, or couldn't be reached for comment.

A number of Mr. Hayes's former colleagues from UBS and Citigroup are expected to be identified as alleged co-conspirators. Michael Pieri, Mr. Hayes's former boss at UBS in Tokyo, is one of the highest-ranking executives. Mr. Pieri was fired by UBS and currently lives in Australia, according to people familiar with the matter.

Mr. Hayes's former assistant trader at UBS, Mirhat Alykulov, is also expected to be on the list of co-conspirators. Mr. Alykulov, a Kazakhstan native who currently works for a Tokyo brokerage firm, has been cooperating with U.S. investigators, according to people familiar with the case. In 2011, he phoned Mr. Hayes from the Washington headquarters of the Federal Bureau of Investigation, part of an effort to help U.S. prosecutors build a case against Mr. Hayes, these people said.

British prosecutors believe that Messrs. Pieri and Alykulov helped Mr. Hayes with his alleged attempts to rig Libor by asking their UBS colleagues and others to tinker with Libor data to benefit their trading positions, according to people familiar with the matter.

Christopher Cecere, who was Mr. Hayes's boss at Citigroup in Tokyo, is also likely to be named, these people say. Mr. Cecere, who resigned from Citigroup in 2010 at the same time that Mr. Hayes was fired, left the Geneva office of hedge fund Brevan Howard in June, according to people familiar with his departure. The reasons for his departure from Brevan aren't clear.

A handful of traders at major banks are likely to be named for allegedly working with Messrs. Hayes and Farr to manipulate rates. They include Luke Madden, a former HSBC Holdings HSBA.LN -1.14% PLC trader in London; Paul Glands, who used to work for J.P. Morgan Chase & Co. and currently is at Toronto-Dominion Bank's London investment-banking unit; and Paul Robson, a former London-based trader at Dutch lender Rabobank, these people say.

A number of past and present brokers are also likely to be named at Monday's court hearing.

Prosecutors are likely to identify a number of former ICAP IAP.LN +0.49% PLC brokers, according to the people familiar with the plans. ICAP last month settled U.S. and British Libor-rigging allegations, agreeing to pay about $87 million and admitting wrongdoing. At the time, the U.S. Justice Department filed criminal charges against three former ICAP brokers for allegedly helping to manipulate rates. Their lawyers haven't commented.

Two brokers who have worked at London-based interdealer broker Tullett Prebon PLC also are likely to be named in court because prosecutors believe they helped Mr. Hayes manipulate rates, say the people familiar with the matter. Mark Jones left Tullett in 2011 and now works at BGC Partners, according to people familiar with his situation. Noel Cryan left Tullett in the past few weeks, according to an employee on Tullett's brokerage floor.

Fri, 10/18/2013 - 09:06 | 4068341 jbvtme
jbvtme's picture

some pretty piss poor timing...like the BBC announcing that buiding #7 came down while filming the buildng still standing

Fri, 10/18/2013 - 09:45 | 4068458 Dugald
Dugald's picture

Listen up you Crackers.....If you publish those names we will ah, we will err, we will stamp our foot, so there!

Fri, 10/18/2013 - 10:02 | 4068494 Hobbleknee
Hobbleknee's picture

Igore the injunction and let the thing go to court.  Then all the names will be public record.

Fri, 10/18/2013 - 09:09 | 4068352 Stoploss
Stoploss's picture

UK been very very quiet during all of this.

 

We got something for your ass though...

Fri, 10/18/2013 - 10:29 | 4068620 Jumbotron
Jumbotron's picture

THIS JUST IN FROM THE BBC

WE ARE GETTING REPORTS THAT THERE IS A NEW TECHNOLOGY OUT THERE CALLED THE INTERNET.  SUPPOSEDLY....AND WE HAVE YET TO CONFIRM THIS.....THAT IT HAS SOMETHING TO DO WITH HIGH SPEED DATA AND INFORMATION TRANSFER.

MORE UPDATES AS WE GATHER MORE FACTS.....YOU WILL BE THE FIRST TO KNOW.

THIS HAS BEEN A BBC BREAKING NEWS UPDATE

Fri, 10/18/2013 - 09:13 | 4068362 Nothing but the...
Nothing but the truth.'s picture

 These fucking bankers are above the law - they stand on Holy ground. Untouchable . Yet they are the ones fucking up the entire economic system and impoverishing millions. Tar and feather the whole bunch of them and then burn them all at the stake.

Fri, 10/18/2013 - 09:53 | 4068477 g'kar
g'kar's picture

"Yet they are the ones fucking up the entire economic system and impoverishing millions."

 

According to the media it's the TEA party.

Fri, 10/18/2013 - 09:50 | 4068468 jefferson32
jefferson32's picture

This is another example of the Streisand effect. I'm surprised it is not mentionned in the article.

From Wikipedia:

The Streisand effect is the phenomenon whereby an attempt to hide, remove, or censor a piece of information has the unintended consequence of publicizing the information more widely, usually facilitated by the Internet.

The Streinsand effect is an illustration of how the Internet, as a distributed invention that decreases the cost of producing and delivering ideas (i.e. numbers), has already made past-century laws (and this centrally-planned, collectivist model of society) anachronistic.

Much like the printing press helped defeat the political elite of the time (the Roman Catholic church), the Internet will emancipate human consciousness and facilitate the emergence of free, self-actualized individuals.

Fri, 10/18/2013 - 09:57 | 4068486 Kirk2NCC1701
Kirk2NCC1701's picture

Nicely played LoP. Keep repeating the message until it sinks in.

Yup, our side can play that game too. +1.

Fri, 10/18/2013 - 08:48 | 4068278 overmedicatedun...
overmedicatedundersexed's picture

wsj,but but you told us to do it, like all we publish.

Fri, 10/18/2013 - 08:48 | 4068283 philosophers bone
philosophers bone's picture

You know things are fucked up when there is a "U.K. Serious Fraud Office" and the "Serious" part is not redundant.   I guess good ol' fashioned run-of-the-mill fraud doesn't motivate the regulators anymore.

Fri, 10/18/2013 - 08:51 | 4068291 CPL
CPL's picture

It's 'only' a couple of billion.

Fri, 10/18/2013 - 08:52 | 4068296 LawsofPhysics
LawsofPhysics's picture

Right next to the "Minestry of Silly Walks?"  The fact that they put the word "serious" in there (when all fraud is fucking serious) tells you that it's a fucking joke.

Fri, 10/18/2013 - 08:55 | 4068307 philosophers bone
philosophers bone's picture

And they are more interested in protecting the reputation of criminals than protecting the integrity of the markets.

Fri, 10/18/2013 - 09:08 | 4068350 GMadScientist
GMadScientist's picture

As opposed to run-of-the-mill frauds, like their royalty.

Fri, 10/18/2013 - 08:50 | 4068285 CPL
CPL's picture

Tom Hayes
http://www.theguardian.com/business/2013/jun/20/trader-tom-hayes-court-c...

Terry Farr
http://www.bloomberg.com/news/2013-07-19/ex-rp-martin-employees-have-lib...

James Gilmour
http://www.gettyimages.co.uk/detail/news-photo/james-gilmour-center-a-fo...

Why the gag order.  Lots of pictures and information about them online.  They certainly weren't that quiet about anything

Fri, 10/18/2013 - 09:04 | 4068294 Mercury
Mercury's picture

...the WSJ posted an article on its website revealing that as many as 24 co-conspirators would be exposed shortly in the ongoing Libor manipulation scandal and divulging the names of various individuals on this list.

 

Hint: conspirator Numero Uno rhymes with Burnspanky:

http://yglesias.thinkprogress.org/wp-content/uploads/2010/06/federal_fun...

 

Fri, 10/18/2013 - 08:58 | 4068297 Dr. Engali
Dr. Engali's picture

Screw the Wallstreet journal. They don't give a shit about the free press when they are pumping out their propoganda, and covering up for the Washington/wallstreet criminal cabal. If they really gave a shit about the free press they would be screaming bloody hell about what is going on with the NSA,and not demonizing Snowden and other whistleblowers. The journal is only concerned because they impacted their agenda. Wake me when this rag does some real investigative reporting.

Fri, 10/18/2013 - 09:04 | 4068334 Hedgetard55
Hedgetard55's picture

It was all down hill after Murdoch purchased it. Nothing but bullshit now.

Fri, 10/18/2013 - 11:59 | 4069031 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

 I haven't subrscribed to the WSJ for many years, but what a great paper it was in the 1990s when Robert Bartley was editor.  I haven't read the WSJ in years.  Is it as leftist as the Financial Times now?

Fri, 10/18/2013 - 13:57 | 4069552 Trampy
Trampy's picture

I haven't subscribed to the WSJ for many years, but what a great paper it was in the 1990s when Robert Bartley was editor. 

Amen to that!  It was well worth the $whatever/year to have it thrown on my driveway every morning back then starting early 1990s and lasting only a few  years.  Robert Bartley, eh?  Thanks for the info!

Back then I would often wake up from a dream where I saw myself going out to pick up the paper and looked at the date and went My Oh My, they had given me tomorrow's paper by mistake.  And then I woke up and went out to get it.  Anyone else get that dream? 

Fri, 10/18/2013 - 16:45 | 4070137 MisterMousePotato
MisterMousePotato's picture

Yes. Several times in fact. And variations on that theme.

Fri, 10/18/2013 - 08:53 | 4068301 Oldwood
Oldwood's picture

Doesn't big brother rewrite our history every day? It shouldn't be that hard to erase one article.

Fri, 10/18/2013 - 09:56 | 4068476 TuesdayBen
TuesdayBen's picture

I anticipate the day Big Bro in the White House, cornered on some issue, stands in front of the prompter and informs Americans 'you didn't read that'...

Fri, 10/18/2013 - 13:27 | 4069417 DollarMenu
DollarMenu's picture

Well, just yesterday we were admonished to "ignore the bloggers".

Fri, 10/18/2013 - 08:54 | 4068302 SimMaker
SimMaker's picture

Well....geee.......How can they possibly have a fair trial now that this info is out in the open..........better let them go........... /sarc

Fri, 10/18/2013 - 08:55 | 4068305 Dr. No
Dr. No's picture

Also demanded that the Journal remove "any existing Internet publication"

 

Because we all know it is super easy to remove content from the internet once it is posted.

Fri, 10/18/2013 - 08:55 | 4068308 firstdivision
firstdivision's picture

Really, these traders were doing nothing different than the Fed does every POMO day

Fri, 10/18/2013 - 08:58 | 4068319 Sudden Debt
Sudden Debt's picture

WHY BOTHER?!!

IT NOT LIKE 99% OF THE POPULATION CARES OR KNOWS WHAT LIBOR IS!!

Fri, 10/18/2013 - 09:02 | 4068328 Dr. No
Dr. No's picture

Ive had enough of those socialist Libors in Europe.  We have too many problem here to worry about the goings-on over there.

Fri, 10/18/2013 - 09:08 | 4068344 ziggy59
ziggy59's picture

The sheeple think theyre talking about Libor Day Weekend...end of summer and all..
So no worries...

Fri, 10/18/2013 - 09:12 | 4068363 Dr. No
Dr. No's picture

Wait, are you saying these guys are screwing with our end of summer holiday?  WTF!!!

Fri, 10/18/2013 - 10:57 | 4068751 XitSam
XitSam's picture

It's about control.  Leviathan must retain control.  It doen't matter how stupid Leviathan is as long as control is retained.

Fri, 10/18/2013 - 09:02 | 4068324 JustObserving
JustObserving's picture

It is hypocritical of the Wall Street Journal to complain of censorship. It engaged in the most egregious self-censorship when it refused even to touch the most stunning of Snowden's revelations that the US hands over all raw data of Americans (emails, phone calls, web browsing history, contacts, everything) over to Israel without any legal restrictions.

The Wall Street Journal is useless as a reporting newspaper. It has become a new and improved Pravda - pure propaganda for the powerful.

Fri, 10/18/2013 - 12:11 | 4069103 Thisson
Thisson's picture

Let me get this straight - the part you have a problem with is that they hand the info over to another country, not that they collect it in the first place? 

Fri, 10/18/2013 - 09:18 | 4068325 nakki
nakki's picture

Let's print the names of everyone involved in stawk,  gold, and silver  manipulation WSJ. Oh never mind we already know the names of the FED governors, vice chairman, and chairman. Not to mention the CEO'S of the TBTF banks.

Fri, 10/18/2013 - 09:02 | 4068332 Spumoni
Spumoni's picture

Banksters vs. blogsters...who's the flippin' referee? It sure ain't WSJ, the SFO, the Supreme Court, the Old Bailey or any other court than public opinion. Only trouble is that eels are rreally slippery, even when wearing spiked rubber gloves. You have to fry 'em, smoke 'em or dip 'em in acid to get the slime off.

Fri, 10/18/2013 - 09:06 | 4068337 falak pema
falak pema's picture

...Under U.K. law—which seeks to balance freedom of the press with personal privacy and the integrity of the judicial process—it isn't unusual for the courts to impose reporting restrictions on the media to prevent them from reporting details that prosecutors believe could jeopardize an investigation or case....

Both in France and UK due process has to be respected and presumption of innocence protected. Divulagation by the press preempting court findings in due process could cause the suspect to get off scot free for pervesion of procedure by prejudice instilled by the media. 

I don't know how it is in the US, but this seems one instance where the press can hold its horses until the prosecuter's charge sheet has been divulged in the courts-- In case there are flagrant omissions to protect the "high and mighty" like in the Watergate.

Fri, 10/18/2013 - 09:09 | 4068353 moonman
moonman's picture

If the allegations are found to be untrue after the names are printed a libel suit would follow.

Being ordered to remove the names is not an example of " to balance freedom of the press with personal privacy and the integrity of the judicial process"

 

Its called censorship

Fri, 10/18/2013 - 09:12 | 4068359 Spumoni
Spumoni's picture

divulagation?

Fri, 10/18/2013 - 09:51 | 4068379 falak pema
falak pema's picture

its french fried; les frites! 

Thanks for showing up the glitch. Lol. And, I've perverted "perversion". Drunk when driving.

Fri, 10/18/2013 - 10:09 | 4068517 Spumoni
Spumoni's picture

Ya damn drunk pervert...I think I like divulagation though. Tried it after reading your post. More fun than merely throwing up while driving drunk, as long as you do it in a bankster's lap. Or on his shoes.

Fri, 10/18/2013 - 10:29 | 4068617 falak pema
falak pema's picture

make sure you pick his wallet before you blurp; no point not getting prepaid for doing your community a service.

Fri, 10/18/2013 - 10:56 | 4068746 Spumoni
Spumoni's picture

Better trade that fiat for a silver phantom, though...those things run through tires like nobody's business!

Fri, 10/18/2013 - 16:50 | 4070155 MisterMousePotato
MisterMousePotato's picture

"divulagation?"

Yeah. That was great, wasn't it?

Almost as good as "much angries" from a few days back.

Fri, 10/18/2013 - 09:05 | 4068338 ziggy59
ziggy59's picture

Big Band of Friggin Lying Thieves...all in same boat...

Fri, 10/18/2013 - 09:10 | 4068342 GMadScientist
GMadScientist's picture

Dear UK, go fuck yourselves you bloody pommy bastards!

(way to succumb to the Streissand Effect, dimwits)

Fri, 10/18/2013 - 09:08 | 4068348 TheFreeLance
TheFreeLance's picture

Tremendously gutless on the part of the Journal. Gladd I stopped subbing years ago.

Fri, 10/18/2013 - 09:10 | 4068355 Spumoni
Spumoni's picture

Biggest surprise [really?] of the morning: MS profits up 50% on "equities trade..."

Fri, 10/18/2013 - 09:16 | 4068373 El Hosel
El Hosel's picture

They are all "innocent" now that the Journal corrupted the "investigation"... Move along, nothing to see here.

Fri, 10/18/2013 - 09:13 | 4068366 dick cheneys ghost
dick cheneys ghost's picture

fuck the WSJ........

one can find more business news in the Beer St Journal

http://beerstreetjournal.com/

~~~~~~~~

Fri, 10/18/2013 - 09:17 | 4068375 orangegeek
orangegeek's picture

Another day.  Another shit show.  Another fraud.

 

And the markets?  Well they are up again so crime must be bullish.

Fri, 10/18/2013 - 10:44 | 4068692 Petrus Romanus
Petrus Romanus's picture

Who says crime doesn't pay?

Fri, 10/18/2013 - 09:22 | 4068390 buzzsaw99
buzzsaw99's picture

Shocked that JPM is implicated. [/sarc.]

Fri, 10/18/2013 - 09:23 | 4068393 fredquimby
fredquimby's picture

Winston Smith, is a member of the Outer Party who works for the Ministry of Truth (Minitrue), which is responsible for propaganda and historical revisionism. His job is to re-write past newspaper articles so that the historical record always supports the current party line.

Fri, 10/18/2013 - 09:27 | 4068403 Son of Loki
Son of Loki's picture

Gee. I read some States were going to publish the names of drivers who run the Toll Booths and don't pay.

Oh, the Shame of it all.....

[as if they'll give a f*ck]

Fri, 10/18/2013 - 09:33 | 4068424 venturen
venturen's picture

They won't collect $200 when theypass "GO"! And will be hit by a wet noodle repeatedly! That should scare the others.

Fri, 10/18/2013 - 09:35 | 4068425 ebworthen
ebworthen's picture

Because the public should not know the names of the individuals who were screwing them over a barrel?

Do they fear that the public may start to extract the justice that government denies them?

Fri, 10/18/2013 - 09:33 | 4068426 Inthemix96
Inthemix96's picture

As a Britisher meself, this comes as much of suprise to me, as unicorn shitting skittles.

This country is as bent as a nine bob note, its even more corrupt than, erm, any place on Earth.

Dont tell me you lot were suprised by this?

Fri, 10/18/2013 - 09:54 | 4068480 WillyGroper
WillyGroper's picture

God save the Queen!

Fri, 10/18/2013 - 10:04 | 4068505 Kirk2NCC1701
Kirk2NCC1701's picture

Some ppl may not get your sarcasm.

Fri, 10/18/2013 - 09:44 | 4068436 Miles Kendig
Miles Kendig's picture

United Klansmen at it again representing HRM and the rest of the 'naturally elite from birth' kluckers with all the alacrity one would expect from such a grouping derived from generations of incestuous intermarriage

Fri, 10/18/2013 - 10:59 | 4068760 Spumoni
Spumoni's picture

So are you staying at the Hilton, then? Or are you well and truly handled by the short hairs? Where the fuck is Matthau?

Fri, 10/18/2013 - 11:57 | 4069012 Miles Kendig
Miles Kendig's picture

Nawww .. Staying with Paris is akin to staying at the Four Seasons .. all that gets traded, heavily, in a rather robust OTC marketplace.

Where the fuck is Matthau? - Waiting on Iz to catch up

http://www.youtube.com/watch?v=8NPzLBSBzPI

Fri, 10/18/2013 - 09:38 | 4068441 surf0766
surf0766's picture

THE TRUTH HAS NO AGENDA.

 

Fri, 10/18/2013 - 09:44 | 4068456 Miss Expectations
Miss Expectations's picture

Obi Wan Kenobi is looking through the archives for the lost planet Kamino and is told:

"If an item does not appear in our records, it does not exist."

Fri, 10/18/2013 - 09:53 | 4068474 khakuda
khakuda's picture

Guys, names SHOULD NOT be leaked and printed in the paper before people are charged.  The government SHOULD NOT have let names be leaked to the WSJ until charges were filed.  These people's careers have now been ruined, whether they are charged or not.  Some may not be charged.  In fact, those within the government that leaked the names should be fired.

This is a classic case of the government convicting people and implying them guilty WITHOUT having proven anything or even charged them.

 

Fri, 10/18/2013 - 09:57 | 4068485 WillyGroper
WillyGroper's picture

Someone has to be thrown under the bus.

Now where's those pic's of Margaret?

Fri, 10/18/2013 - 16:57 | 4070176 MisterMousePotato
MisterMousePotato's picture

Oh. Right. Sure don't want any negative publicity for perps unless and until our competent and honest judicial system has brought wrongdoers to justice:

http://www.kansascity.com/2013/10/12/4549775/nightmare-in-maryville-teen...

(Article linked is about small town justice.)

Fri, 10/18/2013 - 10:11 | 4068531 El Vaquero
El Vaquero's picture

They're bankers.  They've earned it.

Fri, 10/18/2013 - 10:20 | 4068570 Captain Benny
Captain Benny's picture

Anyone working anywhere in banking deserves their career ruined. Its all immoral. It all is fractional reserve and government-sponsored ... Assets created from thin air. Fuck all bankers. Especially these libor ones....

Fri, 10/18/2013 - 11:04 | 4068787 Spumoni
Spumoni's picture

Yes, you're right. And banks should pay interest on their deposits that exceed the fees they charge, deal honestly with regulators and government, act as "prudent men," tell the truth about shitty investments to their clients, go to jail when they launder money for drug traffickers, go to jail when they steal from their clients, taxpayers and nations in which they do business, go to jail or be injected with lethal drugs when they murder people, and have a mantra that has a longer view than IBGYBG on their fucking trading floors.

When they do all that, we can stand up for their fucking legal rights.

Fri, 10/18/2013 - 11:14 | 4068820 Bagbalm
Bagbalm's picture

What do you want to bet it was leaked because an inside saw it would all be swept under the carpet and covered up?

Fri, 10/18/2013 - 14:19 | 4069657 Trampy
Trampy's picture

Guys, names SHOULD NOT be leaked and printed in the paper before people are charged. The government SHOULD NOT have let names be leaked to the WSJ until charges were filed. These people's careers have now been ruined, whether they are charged or not. Some may not be charged. In fact, those within the government that leaked the names should be fired. This is a classic case of the government convicting people and implying them guilty WITHOUT having proven anything or even charged them.

Yeah.  That's fine in THEORY.  The FACT of the matter is that what's commonly called our government is now nothing but a criminal racketeering enterprise where enemies of the State are lucky if all that happens to them is a ruined career.

Those people are lucky that they haven't been incarcerated as a patsy or as often happens ... murdered! 

Sun, 10/20/2013 - 19:42 | 4074423 bilejones
bilejones's picture

It could have been worse, they could have been droned.

 

When was the last time being a criminal was detrimental to a career as a bankster?

Fri, 10/18/2013 - 10:13 | 4068541 Peter Pan
Peter Pan's picture

The judge's name should also be withheld. The UK would not want the world to know the name of the fool who at the very least should have acted on a more timely basis.

Fri, 10/18/2013 - 10:38 | 4068645 dizzyfingers
dizzyfingers's picture

Think Orwell: black is WHITE, white is BLACK.

SERIOUS Fraud Office is to be thought of as anything except serious.

CLEAR? (aka muddied)

Fri, 10/18/2013 - 11:12 | 4068809 Bagbalm
Bagbalm's picture

Well it tells us they don't have time machines, yet.

Fri, 10/18/2013 - 11:30 | 4068884 Joebloinvestor
Joebloinvestor's picture

The UK, just showing more of its' ineptness.

How about names of REGULATORS that were asleep at the switch?

Fri, 10/18/2013 - 11:46 | 4068959 Widowmaker
Widowmaker's picture

Untouchable faggots in the UK -- Fascism dripping from within.

The UK needs its ass kicked (again!).

Sat, 10/19/2013 - 15:17 | 4072068 jabhagsb
jabhagsb's picture

Internet archives are a bitch...

Tom Hayes - former trader at investment banks Citigroup and UBS

Terry Farr - former broker at R.P. Martin Holdings Ltd

James Gilmour - former broker at R.P. Martin Holdings Ltd

Michael Pieri - Mr. Hayes's former boss at UBS in Tokyo, one of the highest-ranking executives

Mirhat Alykulov - Mr. Hayes's former assistant trader at UBS

Christopher Cecere - Mr. Hayes's boss at Citigroup in Tokyo

Luke Madden - a former HSBC trader in London

Paul Glands - used to work for J.P. Morgan Chase & Co. and currently is at Toronto-Dominion Bank's London investment-banking unit

Paul Robson - a former London-based trader at Dutch lender Rabobank

Mark Jones - left broker Tullett Prebon PLC in 2011 and now works at BGC Partners

Noel Cryan - left broker Tullett Prebon PLC in the past few weeks

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