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Lieborgate: Here Come The Arrests

Tyler Durden's picture





 

For over four years, virtually everyone in the finance industry knew that Libor was manipulated. The stench of manipulation rose to the very top and thanks to a document release of formerly confidential information, we now know for a fact that even the Fed was in on it - recall that as part of production, the Fed provided a transcript of an April 2008 phone call between a Barclays trader in New York and Fed official Fabiola Ravazzolo, in which the unidentified trader said: "So, we know that we're not posting um, an honest LIBOR." And yet without any tangible, black on white evidence, there was no catalyst for pursuing legal action. That all changed when in a desperate attempt to protect its ass, Barclays decided to rat out everyone by settling with regulators, and "turn state" producing e-mail based evidence, most of it quite visual (after all what is more tangible to the common man that evil bankers sipping on Bollinger), which essentially threw years of quiet cartel cooperation under the bus. As a result, regulators, enforcers, and legal authorities, many of whom were in on this manipulation from the beginning, no longer had an excuse to not pursue civil and criminal charges against perpetrators, who until recently were footing the tabs at various gentlemen's venues and ultra expensive restaurants. And while the imminent waterfall of civil prosecution will force bank litigation reserves to go through the roof, here comes, with a very long delay, the criminal charges. As Reuters reports, here come the arrests.

But before we get into it, we wanted to share something mildly curious involving that British Bankers Association: the entity that until recently at least, was implicitly in charge of the Libor fixing, submission, and distribution process (also the entity that will quite soon be non-existent). It involves the BBA's self-professed Governance process and obligations. The extract below shows what it is currently.

All aspects of the operation and management of bbalibor as a benchmark are the responsibility of the independent Foreign Exchange and Money Markets Committee ('FX&MM Committee'). This includes design of the benchmark and the governance and scrutiny of all bbalibor data and all panel bank contributions. BBA LIBOR Ltd undertakes the day to day running of the benchmark under the supervision of the Foreign Exchange and Money Markets Committee. As of 1st January 2010, BBA LIBOR Ltd. has been governed by an independent Board.

 

Thomson Reuters - the 'Designated Distributor' of BBA LIBOR - is tasked with collecting the daily submissions that are inputs into the bbalibor process and submitting them to rigorous checks before publishing the resulting calculation to the market. If any bank submission falls outside a defined set of parameters, Thomson Reuters will consult the contributor and request confirmation that the rate provided is correct, thus allowing any simple typing errors to be amended promptly. These parameters are agreed by the FX&MM Committee and are regularly reviewed to ensure they reflect prevailing market conditions and maintain the highest level of scrutiny over the rates.

 

There is a named individual at each bank responsible for submitting the daily bbalibor rates to Thomson Reuters and this will be the person responsible for the bank's cash - usually their title is 'treasurer' or similar. There is written guidance on what information that person should take into account when calculating that day's rates for his or her bank. As all contributor banks are regulated, they are responsible to their regulators, rather than BBA LIBOR Ltd. or the FX&MM Committee, for maintaining appropriate procedures for contributing, including the maintenance of internal chinese walls.

The reason we have bolded the third paragraph is that if one had gone to the BBA's Governance section as recently as a few weeks ago, or prior to Liborgate becoming front page news, the paragraph read something totally different. However, courtesy of the Way Back Machine, we have a great idea of just what the BBA quietly and under the radar tried to change vis-a-vis its own obligations and responsibilities in the Libor scandal. This is what the third paragraph said before.

BBA LIBOR Ltd. receives the fixings and underlying contributor data at the same time as all other live data recipients and monitors all submissions into the fixing process. Any anomalous rates are queried with the submitting bank, and a log of these queries is kept and given to the FX&MM Committee on a periodic basis, who may choose at their discretion to follow up these queries in line with established governance and scrutiny procedures.

Up until literally minutes ago, the question to be asked was why was this change made on the page, on a governance page of all places, a change which shirks responsibility and accountability and begs the question, did BBA log any queries of anomalous rates, did the FX&MM Committee follow up on any queries, or are they simply trying to bury something here? Now, thanks to Reuters, we know.

With arrests on deck, the BBA is doing everything it can to distance itself from what it knows with absolute certainty is about to be a shitstorm of epic proportions:

U.S. prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with a sweeping investigation into the rate-rigging scandal.

 

Federal prosecutors in Washington, D.C., have recently contacted lawyers representing some of the individuals under suspicion to notify them that criminal charges and arrests could be imminent, said two of those sources who asked not to be identified because the investigation is ongoing.

 

Defense lawyers, some of whom represent individuals under suspicion, said prosecutors have indicated they plan to begin making arrests and filing criminal charges in the next few weeks. In long-running financial investigations it is not uncommon for prosecutors to contact defense lawyers for individuals before filing charges to offer them a chance to cooperate or take a plea, these lawyer said.

 

The prospect of charges and arrests of individuals means that prosecutors are getting a fuller picture of how traders at major banks allegedly sought to influence the London Interbank Offered Rate, or Libor, and other global rates that underpin hundreds of trillions of dollars in assets. The criminal charges would come alongside efforts by regulators to punish major banks with fines, and could show that the alleged activity was not rampant in the banks.

Actually what it will show is that criminal activity was not only rampant, but everyone knew about it, certainly the regualtors, and most certainly the Fed and the BOE. After all how could they not: they are the ultimate entities who manipulate rates. But for them it is a matter of "policy." As such they are desperate to throw anyone under the bus, as long as public attention is redirected from them.

So where will the first arrests come? Why the world's biggest bank of course.

The source familiar with the regulatory investigation in Europe said two traders who have been suspended from Deutsche Bank were among those being investigated. A Deutsche Bank spokesman declined to comment.

Then, once DB is down and out, next it will be a turn to not only break up of the IR derivative trading cabal in Geneva, which Zero Hedge exposed first, but also extract a solid fee from the Swiss banks in the process.

The Financial Times reported on Wednesday that regulators were looking at suspected communication among four traders who had worked at Barclays, Credit Agricole, HSBC and Deutsche Bank.

And so the tide turns, as banks, all of which should have ended up as bailed out utilities in the aftermath of the Lehman collapse, will now be forced to fork over billions in cash to the same governments and administrations that bailed them out in the first place, under the guise of civil and criminal penalty disgorgement in what will almost certainly end up as the biggest financial settlement in history, one which will leave most of the world's banks sorely undercapitalized and force the Basel implementation of various capital requirements to be scrapped indefinitely.

But for now, the public will get its circus (if not corn bread: its price is about to shoot right to the moon courtesy of prayer not being a viable strategy when it comes to procuring rain... or central bank intervention) courtesy of an imminent procession of perp walks. We, for one, having waited nearly 4 years for just this, can't wait.

 


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Sun, 07/22/2012 - 13:17 | Link to Comment I am Jobe
I am Jobe's picture

How about Ben Donkey, Timmy , JPM, Pandit and many more in the fiasco. Just a how piece. Until public eecutions takes place this is boring shit.

Sun, 07/22/2012 - 13:20 | Link to Comment Careless Whisper
Careless Whisper's picture

The Careless Whisper AHEAD OF DRUDGE SUNDAY REPORT & Threadjacking

SWAT Team Surrounds House Of Possible Psycho Joker Accomplice; Police Deny

http://kdvr.com/2012/07/21/police-looking-for-second-person-of-interest-in-theater-shooting/

Warner Bros. Private Sigh Of Relief; Grosses $160 Million Over Weekend For "Dark Knight"

http://www.nytimes.com/2012/07/23/movies/dark-knight-leads-at-box-office-in-the-shadow-of-massacre.html?hp

Exclusive: Gun Range Application Of Crazy Joker Shooter Indicates NOT An NRA Member

http://www.foxnews.com/us/2012/07/22/massacre-suspect-james-holmes-gun-range-application-drew-red-flag-for-owner/

Adult Friend Finder Dot Com Confirms Psycho Joker Profile; Says They Have Not Been Contacted By Police

http://www.tmz.com/2012/07/21/james-holmes-colorado-shooting-sex-profile-website/

 

 

 

 

 

Sun, 07/22/2012 - 13:23 | Link to Comment Careless Whisper
Careless Whisper's picture

@ I am joe

Only low level traders going to be charged; makes headlines. This is a crime syndicate.

Sun, 07/22/2012 - 13:32 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Continuing the threadjacking...

Below is my review of Barron's, for anybody still foolish enough to "invest":

 

http://tinyurl.com/bvljj9j

Sun, 07/22/2012 - 13:38 | Link to Comment The Monkey
The Monkey's picture

Great news for the political / regulatory environment for banks. Buy the dip.

Sun, 07/22/2012 - 14:40 | Link to Comment Manthong
Manthong's picture

What really matters is how much hush and bribe money the PTB can conjur up to make certain folks trade their reputation for an obscure, but comfortable future after falling on their sword and spending some time on ice.

I don’t expect to see any heroes arise to shine enough light of truth on that black hole to clean anything up

Sun, 07/22/2012 - 15:10 | Link to Comment Thomas
Thomas's picture

Rode in an hotel-airport shuttle with prominent UBS banker. If I had known earlier in the trip I would have been eating his face like a zombie.

Sun, 07/22/2012 - 17:25 | Link to Comment engineertheeconomy
engineertheeconomy's picture

News nowdays full of diversion tactic stories originating from Bernankes bosses

 Look, over there!

No, look... over there!

Homeland security would neeevvver be involved in something like this now, would they?

They're all crooks folks, every last one of them from the bottom to the top

They're not going to arrest themselves

Stay focused on the real news story of the last 100 years, the counterfeiting of Quadrillions and Quadrillions for the very same criminals that foreclosed on your home and are now  offering to rent it to you while you adjust to your new job at Mc Donalds

STAY FOCUSED

Sun, 07/22/2012 - 17:34 | Link to Comment Dr Benway
Dr Benway's picture

Hahaha this will be like the War on Drugs - small time dealers get busted sometimes, the big money goes free.

 

By now the financial industry is too far infiltrated into government, media, regulators. It's like the old TV series V. The cephalopods have taken over.

 

http://s1144.photobucket.com/albums/o489/_DrBenway/

Sun, 07/22/2012 - 18:42 | Link to Comment Precious
Precious's picture

Too big to fail?  

How about too star to pound. That's what these criminal executives are.  

...................... 2*2#

Sun, 07/22/2012 - 19:49 | Link to Comment tmosley
tmosley's picture

I'd rather make hash of them.

###

lol

Sun, 07/22/2012 - 21:13 | Link to Comment economics9698
economics9698's picture

I think the charges are bull shit but if some bankers get arrested I will not protest.  Fuck em, let them burn.

Next time arrest the ECB and Fed bankers, all of them.

 

Sun, 07/22/2012 - 23:04 | Link to Comment StychoKiller
StychoKiller's picture
"Many can't go there; and many would rather die."

"If they would rather die," said Scrooge, "they had
better do it, and decrease the surplus population.
Besides--excuse me--I don't know that."
Sun, 07/22/2012 - 23:13 | Link to Comment Pinto Currency
Pinto Currency's picture

 

The real story is the rigging of the gold market for decades.

Libor is a distraction.

Mon, 07/23/2012 - 04:03 | Link to Comment AldousHuxley
AldousHuxley's picture

They already played the "that black kid did it" card with Kweku Adoboli at UBS.

 

Is there a job posting for bank of england looking for muslim economics student who is looking to take the blame, go to jail for 10 years, and his family gets paid $10M?

 

This is mob style operation with the "fall guy".....because banksters are just legalized mobsters.

Sun, 07/22/2012 - 21:42 | Link to Comment cynicalskeptic
cynicalskeptic's picture

Only the peons are turned into Soylent Green - to feed the other peons.   Meanwhile the ruling class still has caviar and champagne.

Sun, 07/22/2012 - 22:30 | Link to Comment jeff montanye
jeff montanye's picture

best line in post, imo, "And so the tide turns, as banks, all of which should have ended up as bailed out utilities in the aftermath of the Lehman collapse..."

favorite part? which not whom.

Mon, 07/23/2012 - 06:09 | Link to Comment AldousHuxley
AldousHuxley's picture

http://www.youtube.com/watch?v=ZASg-CjhkjE

 

Plot

The film stars Lewis H. Lapham, who plays himself as editor of Harper's Magazine. Lapham opens the film with the question of whether or not America has a "ruling class," a circle of wealthy and powerful families that run the banks, businesses, and government, essentially controlling everything in America.

Mon, 07/23/2012 - 01:17 | Link to Comment PiranhaEatingGo...
PiranhaEatingGoldfish's picture

Virtually ALL news stories can be lumped into one of two categories: Fear and Distraction. There is hardly a story that comes across the waves that cannot be lumped into one of these two categories and sometimes the architects get their wet-dream scenario; a story that fits into BOTH categories. A perfect example of the wet-dream story is the one which is now running in the U.S. about the Batman movie shooter having purchased all of his weapons legally.

This is great because so many sheeple will be fearful of anyone who appears to be smart and socially withdrawn that you will begin to see the initiatives to force more social interaction and focus less on self and more on groups. Where have I heard that before?

Now comes the Distraction. American sheeple are going to look at stories about LIBOR and other similar stories and ask why they should care about these "white collar" criminals. The real threat is the lone nuts out there and all the people they are planning to kill. Fast & Furious, LIBOR, IMF bailouts of cooked book governments? Why talk about those? Let's focus on the "real" issues.

Before anyone goes accusing me of not knowing what Americans will think and say, I am an American, so I know what the temperature of the country will be in regards to these sorts of stories.

This alleged shooter is exactly what the politicians and puppet-masters were waiting for at this exact time. Am I saying he was set in place by these guys? No. It seems to be something to consider, or he could just be a disturbed individual that fell into their laps, like Christmas in July.

I truly feel sorrow for the people who were killed and injured in the shooting. It was horrific and something that people should deal with. The shooter needs to be punished swiftly and in the most sever way allowed by law. But I wonder just how long this stays in the headlines, while bankers and fat-cats are getting away with large scale, global financial felony crimes, and nobody raises more than a peep.

Mon, 07/23/2012 - 05:17 | Link to Comment AldousHuxley
AldousHuxley's picture

propaganda works like this: tell 99% of truth, mix in 1% of your own agenda

 

Fear is the strongest motivator for the masses

religion is based on fear of hell: if you don't stay "moral" as defined by the church (99%) and pay tithe (1%), you will go to hell (fear)

 

government is based on fear: if you don't follow the law as defined by the elites (99%) and pay taxes (1%), you will go to jail (fear)

 

corporations manage based on fear: if you don't work hard (99%) and kiss ass (1%), you will be fired (fear).

 

 

you will experience freedom once you free yourself from irrational fear. revolutionaries are those who had the balls to be not afraid of hell, jail, or employment

Sun, 07/22/2012 - 19:00 | Link to Comment Not Too Important
Not Too Important's picture

Hahahahahaha!

Now that made me laugh! Brilliant!

Bath salts, anyone?

Sun, 07/22/2012 - 22:19 | Link to Comment Jena
Jena's picture

Keep a packet in your pocket just in case, for flavor enhancement?

Sun, 07/22/2012 - 23:36 | Link to Comment mademesmile
mademesmile's picture

"Rode in an hotel-airport shuttle with prominent UBS banker. If I had known earlier in the trip I would have been eating his face like a zombie."

You could always say the bath salts made you do it.

Sun, 07/22/2012 - 15:12 | Link to Comment gmrpeabody
gmrpeabody's picture

Only the soldiers get punished. The generals giving the orders get early retirements, with all benefits, of course.

Sun, 07/22/2012 - 16:32 | Link to Comment James_Cole
James_Cole's picture

Probably, but there's still hope. Though the reuters article sort of makes it clear how this will be played.

""The individual criminal charges have no impact on the regulatory moves against the banks," said a European source familiar with the matter. "But banks are hoping that at least regulators will see that the scandal was mainly due to individual misbehavior of a gang of traders."

"In the United States, the regulatory investigation is being led by the Commodity Futures Trading Commission, which has made the Libor probe one of its top priorities"

The question is who will they blame when it's computers running everything? Fat finger fat finger!

The good news is the civil case looks to be very damaging.

Sun, 07/22/2012 - 17:59 | Link to Comment CH1
CH1's picture

but there's still hope.

Respectfully, forget about it. That hope involves one branch of the crime family inflicting true justice on another branch of the same family. Ain't happening, exceot for show.

There is hope in individuals who stop serving a corrupt system and build better systems for themselves. But not from the state - that's an old, barbaric scam that should be abandoned to its long overdue death.

Sun, 07/22/2012 - 21:13 | Link to Comment Manthong
Manthong's picture

"the regulatory investigation is being led by the Commodity Futures Trading Commission"

And it is right up there in priority next to that hot 7 year long silver market manipulation probe.

Sun, 07/22/2012 - 21:07 | Link to Comment HardAssets
HardAssets's picture

"Yes there IS a Santa Claus, I know there is ! My Mummy told me so, and she wouldn't lie." - - - quote from little girl in traditional holiday movie replayed multiple times every December.

Sun, 07/22/2012 - 21:10 | Link to Comment HardAssets
HardAssets's picture

CFTC 'top priority'

kinda like the CFTC and the manipulation of the silver market

Now how many years has that 'investigation' been going on ?

Mon, 07/23/2012 - 05:13 | Link to Comment Disenchanted
Disenchanted's picture

 

 

 

In the United States the result of the Lie-borgate scandal will be a dog and pony show with the illusion of something having been done. As Glen Ford of the Black Agenda Report points out here:

 

 

Obama’s Justice Department Rushes to the Rescue of LIBOR Criminals 

By Glen Ford

 

July 18, 2012 "Information Clearing House" --   The Obama Justice Department is in theater mode, again, pretending to threaten the bankster class with criminal penalties – prison time! – for their manipulation of the global economy’s benchmark interest rates. The Justice Department claims to be building criminal and civil cases in the LIBOR scandal, which in sheer scope is the biggest fraud by international capital in history. But that’s all a front, a farce. Barack Obama has spent his entire presidency protecting Wall Street, starting with his rescue of George Bush’s bank bailout bill after it’s initial defeat in Congress, in the last days of Obama’s candidacy. He packed his administration with banksters, passed his own bailout and, in collaboration with the Federal Reserve, channeled at least $16 trillion dollars into the accounts of U.S. and even European banks – by far the greatest transfer of capital in the history of the world. Obama has reminded the banksters that it was he who saved them from the “pitchforks” of an outraged public. He pushed through Congress so-called financial reform legislation that left derivatives – the deadly instruments of mass financial destruction that were at the heart of the meltdown – untouched.


Wall Street may or may not remain loyal to Obama, but Obama has been loyal to Wall Street, the guys who gave him the campaign cash to become a viable candidate. His Attorney General, Eric Holder, a corporate lawyer to the core, is busily staging a pre-emptive LIBOR prosecution of bankers in order to shield them from legal action by a host of other government agencies and, ultimately, from the global universe of parties that have been harmed by the bankster’s schemes– a list that stretches to infinity. Holder’s job is to monopolize the LIBOR case, to the extent legally and humanly possible, grabbing jurisdiction and consolidating the cases against the banks with the aim of reaching a settlement that does not further destabilize the financial system.


Holder and his boss already pulled that trick earlier this year with settlement of the bank “robo-signing” scandal – a scheme that would have ranked as the “crime of the century” until LIBOR came along. A small group of state attorney generals were holding up an administration-brokered settlement that effectively gave the banksters immunity from prosecution, in return for a measly $25 billion payout. Obama used every power of his office to pressure the state law officers into line. The last one capitulated with a promise from Obama that a “special unit of prosecutors” would expand the investigation into abusive mortgages practices. You haven’t heard a peep about it, since.


Now Obama and Holder are playing the same diversionary game, making tough noises about criminal investigations of the LIBOR conspirators. But the Justice Department has already given immunity to Barclay’s Bank, of Britain, and to the Swiss banking giant UBS. More immunities will follow. The reason Eric Holder is staging criminal investigations is because that’s the only way he can protect the bankers, through immunities and by gradually narrowing the scope of the case. In the end, there will be settlements all around, and the banksters will move on to even more fantastic heights of criminality – thanks to the loyal, protective hands of President Obama.


BAR executive editor Glen Ford can be contacted at Glen.Ford@BlackAgendaReport.com.


This article was originally published at Black Agenda Radio


also here: http://www.informationclearinghouse.info/article31919.htm

Sun, 07/22/2012 - 13:57 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

@ DCRB

@ Junkers!  

 

Stephanie Pomboy...  Read before you junk, too bad I could not put her picture in...

Sun, 07/22/2012 - 14:15 | Link to Comment Muppet Pimp
Muppet Pimp's picture

Nice review DCRB.  The burgeoning juice industry is a popular subject in stock pump propaganda I get in the snail mail lately. 

Sun, 07/22/2012 - 13:36 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

@ Careless

You are right, no major perps will be arrested. 

Sun, 07/22/2012 - 14:58 | Link to Comment DeadFred
DeadFred's picture

Back in the day when the various European royals fought wars against their cousins in other countries it was considered bad form to actually harm members of the royal families. That's what the Good Lord put commoners on the earth for. Now we're seeing the elites starting a war amongst themselves, this would not have come to light without high level authorization. Likely the new royal families will escape harm this time as well.

My money is on Goldman, figuratively that is, I would never stoop low enough to invest in the Heart of Evil. Goldman has the pull with the MSM and the politicos to get this done and they have very little exposure to LIBOR. Time to dine on the carcasses of their brethren. Want to bet that Barclays didn't have some heavy short positions (hedges of course) on the other LIBOR banks before this broke? It's great fun to watch the sharks turn on each other even if we will ultimately get stuck with the tab.

 Does anyone know how this might affect the whale position? I don't see a connection but the timing is suspicious.

Sun, 07/22/2012 - 17:22 | Link to Comment Tijuana Donkey Show
Tijuana Donkey Show's picture

Unless they tank their stock, and go back private with the help of Mr. Buffett. Why not fuck the shareholders one last time on your way out?

Sun, 07/22/2012 - 18:15 | Link to Comment disabledvet
disabledvet's picture

"there's never just one cockroach." turned out to be Barclays...now DB...and apparently UBS according to even the NY Times now.

Mon, 07/23/2012 - 04:08 | Link to Comment The Navigator
The Navigator's picture

DeadFred

"it was considered bad form to actually harm members of the royal families. That's what the Good Lord put commoners on the earth for"

Agree with your history but today we have a different information system (the interweb) and those that have fucked us over are easily found, and they will be found.
This time will be different. 

Sun, 07/22/2012 - 18:40 | Link to Comment spastic_colon
spastic_colon's picture

all just political diversion to take your eye off of the upcoming elections and continued socialization of the USSA

Mon, 07/23/2012 - 02:15 | Link to Comment Bananamerican
Bananamerican's picture

that's "Fascistilization"

Sun, 07/22/2012 - 14:10 | Link to Comment monoloco
monoloco's picture

I'm surprised they haven't blamed it all on the janitorial crew yet.

Sun, 07/22/2012 - 14:30 | Link to Comment knukles
knukles's picture

Yo!

Dude, that's disclosing confidential, material, non-public information!
Off with your head!

Sun, 07/22/2012 - 14:42 | Link to Comment Dermasolarapate...
Dermasolarapaterraphatrima's picture

They finally narrowed it down to the little brown guy in the corner office who did the Quadrillion $$$$ LIEBOR manipulating.

 

I feel safer now.

Sun, 07/22/2012 - 19:51 | Link to Comment nasa
nasa's picture

 Monday might be a good day to call in brown. 

Sun, 07/22/2012 - 20:17 | Link to Comment JohnKozac
JohnKozac's picture

Photos of the "Quadrillion Rogue Trader" just released:

 

http://blog.ceesquare.com/wp-content/uploads/2009/01/ugly-smile.jpg

 

....looks guilty as sin! Give him a 'fair trial,' and then execute him.

Sun, 07/22/2012 - 17:54 | Link to Comment disabledvet
disabledvet's picture

Well Diamond was fired...easiest way to "make it go away" is to blame him for everything. "start arresting the low level guys" and all juicy tidbits come out. Which of course is EXACTLY what we want in these here parts. stop denying our source material!

Sun, 07/22/2012 - 13:28 | Link to Comment Mr. Fix
Mr. Fix's picture

“Here come the arrest”?

 I'll believe it when I see it!

 Too many skeletons would be exposed if any of these creeps were in fact arrested,

 those doing the arresting have been in on it all long.

 I suspect this will all go the same way as John Corzine.

 This is a good example of where law enforcement needs to be completely bypassed.

 Time to go straight to public hangings.

Sun, 07/22/2012 - 16:56 | Link to Comment XitSam
XitSam's picture

I'll believe it when I see people arrive in prison. Not an arrest, not a conviction, not a sentencing, not a fine, not a suspended sentence, not probation.  Only when they arrive in prison.

Sun, 07/22/2012 - 22:27 | Link to Comment Freewheelin Franklin
Freewheelin Franklin's picture

Don't drop the soap, bitchez.

Sun, 07/22/2012 - 22:37 | Link to Comment Clashfan
Clashfan's picture

Exactly, Xit.

Sun, 07/22/2012 - 18:34 | Link to Comment RiverRoad
RiverRoad's picture

Obama needs to throw a lot of people under the bus to get himself properly reelected.  It'll be interesting to see who he chooses.

Sun, 07/22/2012 - 21:04 | Link to Comment Debt-Is-Not-Money
Debt-Is-Not-Money's picture

"Time to go straight to public hangings."

1. At dawn?

2. At high noon?

3. At sundown?

4. Doesn't matter?

Mon, 07/23/2012 - 01:26 | Link to Comment Mr. Fix
Mr. Fix's picture

#4.

Mon, 07/23/2012 - 02:11 | Link to Comment laughing_swordfish
laughing_swordfish's picture

I would rather see beheadings in the public square after Friday prayers.

Sun, 07/22/2012 - 13:28 | Link to Comment Race Car Driver
Race Car Driver's picture

Pointless details, meaningless information - it's a garden variety psyop. The question is... why now?

Sun, 07/22/2012 - 13:45 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

Their problem is that they may run out of Indian or other such low-level convenient perps that all of a sudden were the one's that really ran their firm for minimal pay.  Ya know kinda like organized crime when it gets caught.

Sun, 07/22/2012 - 14:21 | Link to Comment spekulatn
Sun, 07/22/2012 - 22:52 | Link to Comment Freebird
Freebird's picture

Another trial run? May have something to do with real money
opposed to fiat. It runs onehelluva lot deeper than Liebor.

Sun, 07/22/2012 - 15:40 | Link to Comment Silver Bug
Silver Bug's picture

We can only pray that someone will finally be arrested! Don't hold your breath too long although!


http://silverliberationarmy.blogspot.ca/

Sun, 07/22/2012 - 15:58 | Link to Comment unununium
unununium's picture

> Only low level traders going to be charged; makes headlines.

Not so sure about that.  Pattern would be the same if prosecutors planned to get cogs in the machine to rat out superiors and save themselves from prison.

Sun, 07/22/2012 - 18:19 | Link to Comment disabledvet
disabledvet's picture

My money is on the "Paterno template" on this one. From "too big to bail" to "too big to post bail."

Sun, 07/22/2012 - 23:10 | Link to Comment StychoKiller
StychoKiller's picture

"Round up the usual suspects!"

Sun, 07/22/2012 - 20:20 | Link to Comment seabiscuit
seabiscuit's picture

Europe - first perp walk.

US -       first perp walk.

Sun, 07/22/2012 - 20:15 | Link to Comment seabiscuit
seabiscuit's picture

Whackjob spends months rigging a super sophisticated booby trap, and yet he does not rig it for all entry points. Yet, he was 'brilliant'.

"Earlier today, emergency workers cautiously worked at Holmes’ apartment, which was ‘mind-bogglingly- rigged to kill first responders."  Daily Mail, UK    

"Oates said on CBS' "Face the Nation" that he had never seen a booby trap as elaborate as what was found in the apartment."  AP news  

"Who was most likely to enter that location" after the shooting, Mr. Oates asked. "It was going to be a police officer."  Wall Street Journal  

"They're linked together with all kinds of wires," he said of the materials in the apartment, adding that, as someone who wasn't a bomb expert, it was unlike anything he had seen before.  ibid, Wall Street Journal.  

But the brainy student crafted intricate booby traps at his apartment using chemical and explosive devices rigged to trip wires before setting off on his deadly mission, authorities said. NY Daily News

Mon, 07/23/2012 - 00:45 | Link to Comment jonjon831983
jonjon831983's picture

Errr... maybe he wanted to maximize casualties by drawing more people into the room with hopes of someone hitting a trip wire inside?

 

Anyways, I read he left some techno music blaring and a couple people from downstairs went up to complain and noticed the door was unlocked, but chickened out from going in.

 

This guy seems pretty crafty to me... and perhaps it was luck that prevented further fatalities.

Mon, 07/23/2012 - 02:25 | Link to Comment WillyGroper
WillyGroper's picture

Don't you feel much safer knowing every phone call & email is being listened to/read by the NSA? Yet they didn't have a clue about this guy !  Here comes the gun legislation/confiscation.

Sun, 07/22/2012 - 23:10 | Link to Comment Jake88
Jake88's picture

WTF is wrong with you. Doesn't your mama give you enough attention down there in her basement.

Mon, 07/23/2012 - 00:49 | Link to Comment jonjon831983
jonjon831983's picture

In reference to the listed Fox article about the shooting range owner's suspicion.  I don't see how there is anything suspicious with being "business-like" and devoid of personal information.  Maybe us city slickers are a little more reserved about giving out info like that on initial contact?

Then checking off details like not being part of NRA? What, you can't be interested in guns and target shooting without being in the NRA?  

"Who says Cheers?" Some people say Cheers, some say Regards... some say Yours Truly... what did he want?  "Thanks, James"?

Ok, aside from above the main suspicious behaviour would be the referenced creepy/wierd answering machine message... 

Really though, it's all a load of trying to plug in convenient holes.

Damn, Fox is digging for anything here, now everybody who fills out an application is gonna seem like a suspect.

In addition, what is up with this ... the media has been digging into this nut jobs online stuff like AdultFriendFinder (the old goldman owned biz)... what's next, they're gonna pull up his birth certificate, hotmail registration, university application, etc?

Sun, 07/22/2012 - 14:06 | Link to Comment oklaboy
oklaboy's picture

you forgot Corzine, and Geuitner

Sun, 07/22/2012 - 15:14 | Link to Comment Landrew
Landrew's picture

That's Fraudzine and Guiltner and throw in O'Bummer.

Sun, 07/22/2012 - 16:56 | Link to Comment engineertheeconomy
engineertheeconomy's picture

Next time you see a cop, shake his hand, stick a cigar in his mouth and thank him for protecting and serving JPMorgan and the Terrorist Cartel

Sun, 07/22/2012 - 17:29 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

I'll take Theories for $1000. 

Answer: A whole bunch of people conspire to do something illegal, and keep it secret for long time. 

Question: What is a conspiracy theory?

Sun, 07/22/2012 - 17:48 | Link to Comment Dingleberry
Dingleberry's picture

You mean like actual perp walks n' shit?

Sun, 07/22/2012 - 18:28 | Link to Comment Joseph Jones
Joseph Jones's picture

As a follower of the Redeemer (Christ) I can not even justify physical human violence for self defense.

That said, if anyone else who is not a beleiver lawfully convicts these banking sheisters, then lawfully beheads them as a warning to the next genious with similar criminal proclivity, I won't complain.

This is self preservation of society.  I don't believe in such punishment personally, but such may be required if you want to preserve any relic of "civilized society".  These banksters make the "Alien" monster look charitible. 

Off the head of the next genious suggesting war while you're at it. 

Sun, 07/22/2012 - 19:59 | Link to Comment ZeroAvatar
ZeroAvatar's picture

There sure are a lot of Devil Dodgers posting on ZH lately.  "Oh lord, please don't let the bible bangers start infiltrating our wonderful site." 

 

(Disclosure:  I believe we are living in a computer simulation.  See:  Nick Bostrom)

 

That is all. Back to our regularly scheduled comments.    ====>>>>>>

Mon, 07/23/2012 - 05:42 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

 

 

As a follower of the Redeemer (Christ) I can not even justify physical human violence for self defense.

So you stand there "praying" while the mugger r*pes your wife.

Christians don't derserve to be Americans.  They should be deported ...or just wiped out, they don't deserve to live.

Mon, 07/23/2012 - 10:41 | Link to Comment n8dawg84
n8dawg84's picture

Cranky-Old-Geezer,

As an Christian and American I take exception to this remark.  First, you seek genocide against a body of people with whom you disagree.  That sort of senseless killing is just wrong.  Second, anyone should be allowed to come to America and practice their religion freely.  Our forefathers recognized the importance of religious freedom.  That's why it's right there in the first amendment.  You personally may choose not to believe or practice, but to impede those who seek that freedom is also wrong.

As for your example, would I stand there praying while my wife gets raped?  God forbit it!  I would anything in my physical power to stop it.  Some would say that makes me less of a Christian for not turning the other cheek.  I say I'm just human and not perfect. 

Anyway, your comments are old news.  Jesus foretold of scoffers, mockers, and those who seek to kill us based on our beliefs.  I'll still pray for you.

Mon, 07/23/2012 - 20:44 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

 

 

I say I'm just human and not perfect.

That's your justification for acting to protect your wife?

You wouldn't intervene to protect her if you were "a better christian"?

If you were a "better christian" you'd stand there letting her be r*ped, like the dumbass above?

Like I said, you disgusting insane people don't deserve to live.  Let's hope you're all wiped out eventually.

In the meantime, let's hope a woman ever marries a "christian" man who would stand by letting her be r*ped if he was a "better christian".

Sun, 07/22/2012 - 13:20 | Link to Comment Gringo Viejo
Gringo Viejo's picture

We all know how this plays out. 1 or 2 bit player "patsy's" get shit on and everybody else goes home to the Hamptons like nothing ever happened.

Sun, 07/22/2012 - 13:19 | Link to Comment sangell
sangell's picture

Unless some Central Bankers do the perp walk this is just busting the foot soldiers.

Sun, 07/22/2012 - 13:24 | Link to Comment bob_dabolina
bob_dabolina's picture

Will the lead investigator be Jon Corzine?

Or will Mexican drug cartel gun runner Eric Holder lead it?

Sun, 07/22/2012 - 13:29 | Link to Comment nmewn
nmewn's picture

Corzines a better fit, afterall he just became a junior partner with Dewey, Li & Cheatum.

Sun, 07/22/2012 - 13:34 | Link to Comment bob_dabolina
bob_dabolina's picture

The U.S government owns 35% of Bank of America.

One of the largest shareholders criminally investigating an entity it owns 1/3 of.

What a fucking circus show.

Sun, 07/22/2012 - 13:43 | Link to Comment nmewn
nmewn's picture

Well, they could all recuse themselves for conflict of interest ;-)

Its special prosecutor time...but who?

Sun, 07/22/2012 - 14:07 | Link to Comment El Oregonian
El Oregonian's picture

Paul Drake! ...oh wait, He always lost to Perry "The Fairy) Mason. Never mind...

Sun, 07/22/2012 - 14:28 | Link to Comment nmewn
nmewn's picture

Hamilton Burger ;-)

Sun, 07/22/2012 - 14:34 | Link to Comment knukles
knukles's picture

In 'n Out Burger's brother-in-law?

Jesus, can't get away from the nepotism and all just love one another?

(searching the bottom of my 5th large bag of Cheetos for the prize)

Sun, 07/22/2012 - 22:56 | Link to Comment Freebird
Freebird's picture

Two words - incestuous motherfuckers

Sun, 07/22/2012 - 14:39 | Link to Comment lotsoffun
lotsoffun's picture

newest partner, dewey, lie, cheatum and howe

 

Sun, 07/22/2012 - 21:09 | Link to Comment Debt-Is-Not-Money
Debt-Is-Not-Money's picture

"...he just became a junior partner with Dewey, Li & Cheatum."

Funny, I had heard it was Ketchum, Cheatum and Howe!

Sun, 07/22/2012 - 22:32 | Link to Comment Piranhanoia
Piranhanoia's picture

But they were representing Engulf & Devour.

Mon, 07/23/2012 - 04:16 | Link to Comment The Navigator
The Navigator's picture

from the firm previously known as Dewey Cheatum and Howe.

Sun, 07/22/2012 - 13:20 | Link to Comment stopcpdotcom
stopcpdotcom's picture

Sling the instigators and controllers of this fraud in prison for 20+ years pour encourager les autres to obey the law.

Sun, 07/22/2012 - 13:24 | Link to Comment Zombies On Toast
Zombies On Toast's picture

The only way to stop this rot is to put all the executives in charge in jail. Label the firms criminal enterprises and seize them. Sell them off and make the firm disappear. Fines, even a billion dollars, isn't going to do it. If Obama had any balls that is what he should do with all of them. He could redeem himself then, otherwise he is just a corrupt politician like the rest of them.

Sun, 07/22/2012 - 13:36 | Link to Comment samsara
samsara's picture

Here's the point from Paul Craig Roberts

What follows is not an apology for fraud. It merely describes consequences of holding those responsible accountable...

 
The Federal reserve will reply: “So, you want us to let interest rates go up? Are you prepared to come up with the money to bail out the FDIC-insured depositors of JPMorganChase, Bank of America, Citibank, Wells Fargo, etc.?
 
Are you prepared for US Treasury prices to collapse, wiping out bond funds and the remaining wealth in the US and driving up interest rates, making the interest rate on new federal debt necessary to finance the huge budget deficits impossible to pay, and finishing off what is left of the real estate market? Are you prepared to take responsibility, you who deregulated the financial system, for this economic armageddon?

http://www.infowars.com/the-libor-scandal-in-full-perspective/

Sun, 07/22/2012 - 13:48 | Link to Comment Spastica Rex
Spastica Rex's picture

Yep. Wake me up when the guillotines have been dusted off.

Sun, 07/22/2012 - 14:52 | Link to Comment Offthebeach
Offthebeach's picture

I muse of making one of salvaged timbers from a old knitting mill. All antique looking. The blade will be the door to a Hudson Hornet. A kind of steampunk. Americana look with a touch of Mad Max. I"d weld a leaf spring on edge on the bottom of the Hudson door. At the bottom of the head catching ramp I'll have a light beam interrupt switch that when the head goes by, the guillotine will light up like a Vegas slot machine and play "Happy Days Are Here Again".

Sun, 07/22/2012 - 17:04 | Link to Comment XitSam
XitSam's picture

Guillotine design and execution is not as clear cut as one might think but props for creativity. http://boisdejustice.com/History/History.html

Sun, 07/22/2012 - 17:18 | Link to Comment tenpanhandle
tenpanhandle's picture

your neighbors will wonder about the noise and smell - better keep it in your basement.

Sun, 07/22/2012 - 18:01 | Link to Comment engineertheeconomy
engineertheeconomy's picture

Better keep it downtown between the Bank and the military recruiting office

fixed it for you

Sun, 07/22/2012 - 18:48 | Link to Comment MsCreant
MsCreant's picture

It will get the neighbors thinking and that's a plus.

Sun, 07/22/2012 - 18:49 | Link to Comment Joseph Jones
Joseph Jones's picture

Above might be too much fun.

Or...there's always something like the following:

In the early years of the so-called "Reformation" (date is historically false...reformation "heresy" started immediately after Constantine's "Romanism") Martin Luther's letters allowed the Anabaptists to meet privately (conventicle) and to ban paedo-baptism.  A mere seven years later dear lovely little Martin wrote letters codemning the same persons to death for their practices, which Martin considered heresy. In other words, Martin actually liked the violent practices of the Popes he said he wanted to reject.

A few years later there was a Dutch "heretic" who changed his name to avoid the Calvinists from burning him at the stake.  This man wrote scathing articles using Bible vs. to prove Calvini's errors in blending together the rule of "king" or state with the rule of the "preist" or eklessia (see Servetus' burning at the stake, which took hours per eye witness).   

After the Dutch lover of Christ died broken and penniless, the Calvinists discovered his true identity, raised his body from the grave, and burned the remains. 

They showed him, didn't they? 

Mon, 07/23/2012 - 00:20 | Link to Comment Boxed Merlot
Boxed Merlot's picture

dear lovely little Martin wrote letters codemning the same persons to death...a Dutch "heretic" who changed his name to avoid the Calvinists from burning him at the stake...wrote scathing articles using Bible vs. to prove Calvini's errors ?...?

 

The discussion of international wealth destruction, corrupt interest setting tactics and other intrinsically evil human endeavors are a strange juxtaposition against the historical development of the bride of Christ in this day and age, but it probably should be of no surprise.  The ekklesia continues to be the gathering place of the called out ones to whom these events have nominal if not amusing ramifications to/for.  Seriously, there are things worse than death.

It is from these/this that the Christ came to save.

Thankfully.  

 

 

Mon, 07/23/2012 - 03:09 | Link to Comment Joe A
Joe A's picture

Everywhere around the world we should be hearing the sounds of gallows being made and prepared.

Sun, 07/22/2012 - 17:18 | Link to Comment resurger
resurger's picture

ill dust em off for free, just tell me where they are

+1

Sun, 07/22/2012 - 18:39 | Link to Comment RiverRoad
RiverRoad's picture

I got my knitting needles greased.

Sun, 07/22/2012 - 19:50 | Link to Comment BurningFuld
BurningFuld's picture

You know they still have some of those guillotines in Paris...................

Sun, 07/22/2012 - 14:57 | Link to Comment Things that go bump
Things that go bump's picture

Something ugly is coming our way and soon, but this has to be done.  Those banks have to be broken up and sold off. Cost is immaterial and financial institutions can never be allowed to grow too big to fail again.  Those institutions are run by sociopaths and one of the characteristics of that breed is that, exactly like serial killers, they like what they do and will continue their chosen behavior until they die or are physically stopped. This should have been dealt with 4 years ago. You can't just clean up their mess and let them go on their merry way hoping for better behavior.  They have no discretion and can't learn from their mistakes.  If the government doesn't deal with this, the people will be forced to.  

Sun, 07/22/2012 - 17:07 | Link to Comment Grey-Ghost
Grey-Ghost's picture

Even if they prosecute some low level crooks and even if they sacrifice one of The Financial Crime Cartel bosess (a highly unlikely scenario) there's isn't a ray of hope something REAL will change.

The Congress of the United States is a treasonous poison (taking a bribery is a treasonous offence, only those criminals call it "financial contributions" / lobbying, garbage like that) and one fascist two wings (Repulsive and Despicable) party system will not vanish overnight.

The whole country is run by the socipath criminal murderers and the whole world suffers because of it. Ponder how many people lives out of the Behemot: millions in the military, millions in the police state aparatus, thousands in every building in the NYC, FCC related, hundreds of companies would not survive without the military complex and its murdersous machine; the housing is almost 100% controlles by the government and would collapse manana if the subsidies to the FCC subside; the media is totally bought out and belongs to the six behemot corporations and the nation of boiled frogs, f.k.a. Americans, does not even utter a croak of protest.

The demise will continue until the day iPhones go black and the zombies rise. Do not get me wrong; I would give a year of my life just to be wrong... but I sincerely think we've lost. (humanity)

Sun, 07/22/2012 - 17:27 | Link to Comment Things that go bump
Things that go bump's picture

I don't really believe that there is any hope of government doing the right thing here since government is a wholely owned subsidiary, but revolutions are nasty, messy, unpredictable and invariably bloody undertakings, I still have hope. Better those bad men and their minions go sit themselves in jail then fall to the mob and their families with them. Mobs are notoriously merciless.   

Sun, 07/22/2012 - 17:36 | Link to Comment engineertheeconomy
engineertheeconomy's picture

"Revolutions are messy"

are you a boy or a girl?

one more thing here... we the people of the United States, are not a "mob"

FUCK YOU

Sun, 07/22/2012 - 18:02 | Link to Comment Things that go bump
Things that go bump's picture

Not yet.  Haven't you been paying attention?  There is talk of lynchings and Guillotines for crying out loud and not just here. Our government has passed into the possession of other hands than we the people and we are going to be hard pressed to get it back.  

Sun, 07/22/2012 - 18:05 | Link to Comment engineertheeconomy
engineertheeconomy's picture

Are you smoking crystal?

Sun, 07/22/2012 - 18:19 | Link to Comment Things that go bump
Things that go bump's picture

And that, my dear, is called an ad hominem attack, the sort used by children when they have run out of verbal ammunition and have to resort to name calling.  

Sun, 07/22/2012 - 18:55 | Link to Comment MsCreant
MsCreant's picture

Redacted. Once a fight starts no one should interfere.

Apologies Bump and Econ

Sun, 07/22/2012 - 18:59 | Link to Comment Likstane
Likstane's picture

Not much of a fight. Judge Likstane see's it as TKO in Bump's third post. 

Sun, 07/22/2012 - 20:11 | Link to Comment Things that go bump
Things that go bump's picture

I think I offended his patriotism in some fashion that he wasn't quite able to articulate.    

Sun, 07/22/2012 - 20:19 | Link to Comment Things that go bump
Things that go bump's picture

Always glad to hear from you.

Sun, 07/22/2012 - 22:48 | Link to Comment Clashfan
Clashfan's picture

Thanks Samsara. Interesting piece, but is he correct about blaming Rubin for all of this and the repeal of GS? I have read other accounts that say GS would not have stopped all of these shenanigans.

 

Sun, 07/22/2012 - 23:15 | Link to Comment StychoKiller
StychoKiller's picture

Hmm, that's when the Federal Reserve apparatchiks get a new cell in sunny GITMO (Treason!)

Sun, 07/22/2012 - 17:05 | Link to Comment engineertheeconomy
engineertheeconomy's picture

lol!

He could?

Where have you been friend?

Obummer was counterfeiting and playing loanshark before he was even born

The first thing he did when he got out of his mothers womb was steal her Gold jewelry right there on the table

get a grip

Sun, 07/22/2012 - 13:24 | Link to Comment Will To Live
Will To Live's picture

Make Millions of dollars, pounds, whatever.  Then go to a Country Club prison for a year. Work on your tan, buff up, lift weights, do power Yoga, write your book etc.  Thats brutal man, just brutal.

Sun, 07/22/2012 - 14:29 | Link to Comment potlatch
potlatch's picture

they can do those juice fasts they've always been meaning to work on.  A nice year long detox is what most of them do when they hit their number, anyway. 

Sun, 07/22/2012 - 13:24 | Link to Comment Dr.Engineer
Dr.Engineer's picture

Let's hope the rats start feeding on one another and that there are some Attorney General's who want to be governor.

Sun, 07/22/2012 - 15:59 | Link to Comment JLee2027
JLee2027's picture

The only good I can see is if those manipulating other markets at the behest of their crime lords (Gold/Silver/DOW) start to realize they are eventually going to be thrown to the wolves, so it's time to blow the whistle and get out of Dodge before the hammer comes down.

Sun, 07/22/2012 - 13:24 | Link to Comment battlestargalactica
battlestargalactica's picture

Never. Gonna. Happen.

The large fry will skate and claim they didnt know what was happening. The medium fish will find a middle level scapegoat that will likely face some sort of fine, but doubtful. The small fry will probably get fired and fined severely, especially those that aren't anglo or might have been boning some pissed off middle-level guy's ex-girlfriend.

The DoJ will do nothing; they got their ass to cover from F&F, and new drones to roll out to watch cows, and raw milk consumers and organic farmers to SWAT team. The SEC will do nothing; they have their 'hands full' with hot midget on midget action.

It's like kicking at a rusted out bumper (anyone remember those?)... You dont realize how rotted and useless that rusty piece of impact-bearing metal is until you give it a good whack, only to find youve broken straight through. All thats left of it is a gaping hole and pile of of reddish, rotten metal dust on your driveway. Can't be fixed. Gotta be replaced.

Sun, 07/22/2012 - 13:50 | Link to Comment Spastica Rex
Spastica Rex's picture

Steel bumpers - I remember those. They reduced the cost of auto body work.

Sun, 07/22/2012 - 15:20 | Link to Comment Landrew
Landrew's picture

To finish your sentence, "They reduced the cost of auto body work and incresed deaths by a factor of ten"

Sun, 07/22/2012 - 17:24 | Link to Comment tenpanhandle
tenpanhandle's picture

didn't know there were any yugo owners still around. 

Sun, 07/22/2012 - 20:24 | Link to Comment malikai
malikai's picture

They're all playing bridge with the Pinto owners high in the sky.

Sun, 07/22/2012 - 15:05 | Link to Comment DeadFred
DeadFred's picture

This is an epically bad time to be an up and coming trader in a LiBOR bank who happens to be of Nigerian descent.

Sun, 07/22/2012 - 13:26 | Link to Comment JustObserving
JustObserving's picture

Will we ever get any arrests for the manipulation of the silver market?  The investigation has been going on for 4 years now.  If Libor rates were being set in New York instead of London, US regulators would be busy watching porn.

Sun, 07/22/2012 - 17:45 | Link to Comment engineertheeconomy
engineertheeconomy's picture

Silver does not exist because the United States government says it doesn't exist, OK?

Look, over there... chinese people... they have slanted eyes... and eat rice!

get it?

Sun, 07/22/2012 - 13:26 | Link to Comment yogibear
yogibear's picture

Where's the head criminals, the ones heading the central banks? Bernanke should be in an orange jumpsuit, he knew about it and decided to do nothing. If you go back before Bernanke, Greenspan knew about fraud with LIBOR as well.

Sun, 07/22/2012 - 13:31 | Link to Comment sangell
sangell's picture

Well we have the Deputy Governor of the Bank of England admitting he called Bob Diamond to get Barclays to submit , er does one put it, 'alternative' Libor data for the general good. What's Bob Diamond to do tell him to 'fuck off'?

Sun, 07/22/2012 - 13:28 | Link to Comment Let The Wurlitz...
Let The Wurlitzer Play's picture

I cant wait till they arrest bernanke and geithner.... Ha!!  Ha!!!

 

Sun, 07/22/2012 - 13:30 | Link to Comment Mr. Fix
Mr. Fix's picture

Don't hold your breath too long, that would not be good for you.

  They are the law in a lawless system.

 Nobody is coming for them.

Sun, 07/22/2012 - 13:47 | Link to Comment nmewn
nmewn's picture

"I cant wait till they arrest bernanke and geithner"

Good point...they both knew about it in 2008...aiding & abetting.

Sun, 07/22/2012 - 14:37 | Link to Comment knukles
knukles's picture

I'm no lawyer (been called worse) but isn't the after the fact changing the wording of the BBA's so called review and control procedures to ensure a "truthful" representation of the postings fraudulent/self-admitting to such?

Sun, 07/22/2012 - 14:54 | Link to Comment nmewn
nmewn's picture

I've been called a lot worse...lol.

Yes, tampering with or destroying evidence is in itself a crime. But you have to prove they did it to cover something up...not just error, incompetence or happenstance. But you're right, no need to change well thought out procedure/practice unless one is trying to shift blame or hide something...its almost an admission of guilt to something.

I like those Way Back Machines almost as much as the people who use them ;-)

Sun, 07/22/2012 - 23:20 | Link to Comment StychoKiller
StychoKiller's picture

The internet never forgets -- the list just keeps growing longer...

Sun, 07/22/2012 - 13:28 | Link to Comment eftian
eftian's picture

I`m afraid nothing is gonna happen until we get out our pitchforks and torches and burn the monsters..

Sun, 07/22/2012 - 14:27 | Link to Comment potlatch
potlatch's picture

they've already prepped putting bath salts into the water supplies.  This way when they turn the hoses on us, we just start eating each others' faces and zombify-eliminate the uprising

Sun, 07/22/2012 - 20:52 | Link to Comment 1Inthebeginning
1Inthebeginning's picture

Constructive action will move us forward.  If you have a knot in a rope, the best way to untie it is to loosen the knot.  If you pull on both ends of the rope your just going to make the knot tighter.  Don't give these people any justification.  Their ready for you. http://theintelhub.com/2012/04/05/the-us-government-has-ordered-over-750-million-rounds-of-40-caliber-hollow-point-ammunition-in-the-last-three-years/  

Mon, 07/23/2012 - 00:37 | Link to Comment Lednbrass
Lednbrass's picture

.40 cal doesnt mean squat, those pistols are popguns with very limited range and only scary to anyone who doesnt spend much time around firearms.

Far more worrisome is the large scale purchase of .223.

https://www.fbo.gov/index?s=opportunity&mode=form&tab=core&id=140e263e1c4b2654e61adf022688eb5d

Sun, 07/22/2012 - 13:29 | Link to Comment williambanzai7
williambanzai7's picture

LIBOR BIN

Sun, 07/22/2012 - 14:38 | Link to Comment knukles
knukles's picture

Nobody fucks with the City.TM

Sun, 07/22/2012 - 17:28 | Link to Comment tenpanhandle
tenpanhandle's picture

wish I had a trash can like that.

Sun, 07/22/2012 - 13:30 | Link to Comment Drag Racer
Drag Racer's picture

arrests mean nothing, show me the corrupt behind bars

Sun, 07/22/2012 - 13:31 | Link to Comment lolmao500
lolmao500's picture

A train convoy carrying several batteries of missiles arrived in Mardin in southeastern Turkey. According to footage shown by the NTV network at least five vehicles in the convoy transported air defence missiles.

Turkish military helicopter crashes where troops are fighting Kurdish rebels (AP)

Assad and his family still in Damascus, Israeli military says (Reuters)

Police Shooting in Anaheim Leads to Violent Clash

http://www.youtube.com/watch?v=kqzoKY1CyAg

Sun, 07/22/2012 - 13:31 | Link to Comment LongSoupLine
LongSoupLine's picture

I remain, unsurprisingly, skeptical.

Do NOT follow this link or you will be banned from the site!