Logo

**Cristiano** · 07-07-2012, 07:19 PM

Barclays Criminal Probe Begins, Experts Speculate Other Banks Involved In Libor Manipulation

Rebel Television · 07-07-2012, 07:38 PM

But he's so gentle and sweet!

Wrong Weatherwax · 07-07-2012, 09:28 PM

I'm holding my opinion on this one. The LIBOR rate is generally something like 99% accurate to central bank policies (and manipulating these rates is a primary tool of monetary policies) meaning that any variations that were "off" from Barclay would likely be thrown out as variation. I don't deny that there are very big areas in the banking sector where regulations need to be tightened considerably but I'm going to wait a bit before freaking out.

eighthdwarf Checchinato · 07-08-2012, 11:46 AM

It's about time that something is done against these criminals.

Quote:

But Alpert is skeptical that bank executives will face prison because of the scandal. "There's no question that market manipulation is a very, very serious crime, and it's something we've thrown people into jail for," he said. But "I don't think anyone's going to jail," he added. If they do, "it won't be for a long time."

*groan and facepalm*

I think it's about time that each of these criminals get what they deserve -- which is, in my eyes, decades of jail time, and paying refund for each cent they stole or even borrowed from bank customers for their attempts of making more profit.

**Cristiano** · 07-11-2012, 04:43 PM

Libor Scandal Could Turn 'Ugly' As U.S. Cities Begin To Sue

Ariane · 07-12-2012, 03:15 AM

Three California cities have declared bankruptcy recently, there is going to be huge incentives for them to sue.

I believe that at some point in the near future, banks will be BEGGING for a government take over.

07-07-2012, 09:28 PM	#3 (permalink)
Wrong Weatherwax Senior Member Getting Back There Join Date: Jan 2012 Posts: 2,254 My Mood: Client: Exodus	I'm holding my opinion on this one. The LIBOR rate is generally something like 99% accurate to central bank policies (and manipulating these rates is a primary tool of monetary policies) meaning that any variations that were "off" from Barclay would likely be thrown out as variation. I don't deny that there are very big areas in the banking sector where regulations need to be tightened considerably but I'm going to wait a bit before freaking out. __________________ An education was a bit like a communicable sexual disease. It made you unsuitable for a lot of jobs and then you had the urge to pass it on. -Terry Pratchett

07-12-2012, 03:15 AM	#6 (permalink)
Ariane Senior Member Looking down at the uncanny valley Join Date: Apr 2009 Posts: 2,525 My Mood:	Three California cities have declared bankruptcy recently, there is going to be huge incentives for them to sue. I believe that at some point in the near future, banks will be BEGGING for a government take over. __________________ ArianeB's Life in the Metaverse and Blog

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

07-07-2012, 07:38 PM	#2 (permalink)
Rebel Television Les Yeux Sans Visage Embodiment of Scarlet Devil Join Date: Dec 2007 Posts: 1,428	But he's so gentle and sweet!

07-11-2012, 04:43 PM	#5 (permalink)
Cristiano Hive Mind Director Amish Mafia 4EVER Join Date: Jun 2007 Location: Miami, FL Posts: 23,271 My Mood: SL Join Date: Dec 2002 Business: ANOmations Client: Viewer 2 Blog Entries: 18	Libor Scandal Could Turn 'Ugly' As U.S. Cities Begin To Sue

Logo

Site Navigation