Tag Archives: libor scandal

Graphic Proof Wrong Bankers were Suicided

During the massive resignations of banking CEOs around the world in the early part of the year 2012 [here], there’s already a lot of speculations that some of these bad bankers will be executed for abusing the trust of the people by giving themselves huge bonuses after the $15 trillion bailout using taxpayers’ money, among other high crimes.

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Settlement by 5 Big Banks Consistent With History of Fraud

The $5.7 billion settlement for rigging the already rigged fiat financial institution is just a slap on the wrist for the banksters. The amount will never serve future deterrence for corruption but could easily be considered as part of the cost of doing business.

The penalty is just a mere drop of the $300 trillion Libor bucket.

Continue reading Settlement by 5 Big Banks Consistent With History of Fraud