Tuesday, 10 July 2012

LIBOR USA Banksters coming to a market near you?

Capone

http://www.businessinsider.com/the-wall-street-scandal-of-all-scandals-2012-7? ' Just when you thought Wall Street couldn’t sink any lower – when its myriad abuses of public trust have already spread a miasma of cynicism over the entire economic system, giving birth to Tea Partiers and Occupiers and all manner of conspiracy theories; when its excesses have already wrought havoc with the lives of millions of Americans, causing taxpayers to shell out billions (of which only a portion has been repaid) even as its top executives are back to making more money than ever; when its vast political power (via campaign contributions) has already eviscerated much of the Dodd-Frank law that was supposed to rein it in, including the so-called “Volker” Rule that was sold as a milder version of the old Glass-Steagall Act that used to...

Read more: http://robertreich.org/post/26708840314#ixzz20DAANGnb

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