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View Diary: Libor --- OUTRAGE .... Please!!!! (210 comments)

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  •  I am outraged!! (11+ / 0-)

    All Big Banks colluded and cheated with some goverment officials and regulators  to manipulate the day interloan lending rates that impacts all banking products in order to preserve and keep alive the fairy tale that they were /are solvent...even after that bailouts. And while doing that they also were able to skim money off the top by posting "profits" and getting substantial bonuses and salaries based on those fantasy "profits". And these best and brightest are still running things and cheating, manipulating, colluding, rigging, and gaming the sytem all  while continuing to collect huge sums of money for themselves off of this fantasy.

     The whole financial based system is whacked...what is reality anymore?

    But the mafia racketeering angle works

    The banks own the polticians or are the same as them....the ruling class elite is cheating and rigging the system big time and in doing so, skimming off  huge sums of money while asking everyone else to suck it up in the form of austerity.

    Time to Nationalize the banks. Or regulate them like utilities.

    Its not that complicated, using words like cheating, rigging, manipulating, enabling, racketeering, skimming bonus money off the top of fake fantasy and fake profits.

    The Plutocratic States of America, the best government the top 1% and corporations can buy. We are the 99%-OWS.

    by emal on Wed Jul 04, 2012 at 04:12:39 PM PDT

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