EXCERPT: “Lying, fraud, self-dealing, blatant misrepresentations and more as laid out in this lawsuit against Barclays are symptoms of a Wall Street that remains out of control. What is the cause that needs to be addressed, exposed, and rectified? A financial regulatory system that covers the spectrum of being ill-equipped, incompetent, captured, and corrupted.” Continue reading
According to Bloomberg By Liam Vaughan & Gavin Finch – Jan 28, 2013: “The benchmark rate for more than $300 trillion of contracts was based on honesty. New evidence in banking’s biggest scandal shows traders took it as a license to cheat.” Graphic: Bloomberg Markets Continue reading
America – we have a crisis. A moral decay that stems from decades of deceit and the acceptance of lies, fraud, and morally bankrupt behavior. We’ve allowed politicians, bankers, attorneys and judges to disregard ethical values and operate under a morally bankrupt code of conduct. It is time to demand that the culture change and it has to start at the top.
Our children have no respect for authority and frankly, how can they when Presidents, politicians and bankers lie – all in the name of money. We’ve set the bar so low that by the time the next generation arrives they won’t be able to recognize the truth. Huffington Post’s Shahien Nasiripour reports the NY Fed Chief’s opinion is that the problems need to be address. Finally maybe, yeah? Continue reading
Quoting from a Bix Weir email “Alert” – THERE WAS A GRAND CONSPIRACY AMONGST THE LARGEST BANKS IN THE WORLD!
And how does this LIBOR scam affect the American homeowners and foreclosures? Prominent Hawaii foreclosure defense attorney said this, “raises questions about whether Libor Rates charged to many borrowers were all contrived.” Continue reading
Top Justice Department officials are pushing hard to bring the Wall Street immunity deal back from the dead. Can you sign on as a citizen signer of Baldwin’s resolution against Wall Street immunity? Click here to sign.
Within days, 27 of her colleagues signed on — and the more co-sponsors we get, the more pressure the Justice Department will feel to back off.
By Matthew Cardinale, Inter Press Service
29 August 11