The Biggest Financial Scam In World History

Why Is the Libor Scandal So Important to You?

There have been Numerous Big Banking Scandals recently.
But the Libor scandal is the biggest financial scam in world history.  See This and This.
The former CEO of Barclays Said today that banks across the world were fixing interest rates in the run-up to the financial crisis .
Professor of economics and law Bill Black Notes:
It is the largest rigging of prices in the history of the world by many orders of magnitude.
Indeed, the scandal effects an $800 trillion dollar market – 10 Times The Size Of The Real World Economy.
Matt Taibbi Explains that this is the “mega scandal of all mega scandals”, because Libor is the “sun at the center of the financial universe”, and manipulating Libor means that “the whole Earth is built on quicksand.”
HomeownersCredit Card Holders, StudentsLocal GovernmentsSmall BusinessesSmall Investors and virtually everyone else in the entire world has been impacted by the manipulation.

Categories: News mix

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: