Saturday, February 18, 2012

Wall Street’s Latest Egregious Acts Of Organized Racketeering - Manipulating Interbank Lending Rates

Now, we have no idea what the intent of this activity does because there is no transparency but this could be used to destroy other banks and create financial crises including electronic “runs” on banks.  Even if that wasn’t the intent, that is one such possibility of manipulating rates.  And, if it hasn’t yet been done, it will be some day.

What will be done about this?  Well, it’s a “back page” article that will be stuffed under the mattress along with all of the other “dead bodies”.  Some settlement where banks use taxpayer money they are given privilege to protect will be offered up as a settlement and the next crime will be just around the corner.

posted by TimingLogic at 9:25 AM

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