Senate To Question Bernanke And Geithner On LIBOR
Couldn't we simply fast-forward through the various Congressional dog-and-poney LIBOR events until Dimon and Blankfein sit before the Senate and explain to their minions that there was absolutely no fraud. Not here, not there, not anywhere.
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WASHINGTON - Sen. Tim Johnson, the chairman of the Senate Banking Committee, said Tuesday that Federal Reserve Board Chairman Ben Bernanke should be prepared to discuss the possible illegal manipulation of the London Interbank Offered Rate, or Libor, by banks in Europe, Japan and the United States when he appears before the panel later this month. Johnson said that Treasury Secretary Timothy Geithner should also be prepared to answer senators' questions on the scandal at a separate hearing also to be held this month. Johnson said that his committee staff has begun to schedule bipartisan briefings with "relevant parties" to learn more about the Libor allegations and related enforcement actions. "It is important that we understand how any manipulation may impact American consumers and the U.S. financial system," Johnson said in a statement. The U.K. bank Barclays PLC was fined roughly $450 million for fixing Libor.
Barclays has said that BoE and Federal Reserve officials were aware of the issue.
Jul 10, 2012 at 4:58 PM
Reader Comments (18)
Wall Street Supporters In Congress Unmoved By Libor Probe
http://www.bloomberg.com/news/2012-07-03/wall-street-supporters-in-congress-unmoved-by-libor-probe.html
"But, for all the political hay-making and speculation about a grand conspiracy, it is Barclays' other Libor-related activities that should be the priority.
What the FSA revealed is repeated efforts by derivatives traders to have the bank's Libor submission tweaked to their advantage. Attempts to play down the exigencies of the worst crisis since the 1930s is bad; this, however, is worse. It is the clearest, most tangible evidence of the culture of casual, buccaneering amorality at the root of the near-collapse of the global financial system four years ago. As such, it is this that must be addressed. In such a context, the mud-slinging, party politicking, and barefaced expediency that has characterised the past week in Westminster should be seen for the sideshow it is.
Were the problems confined to Barclays, such concerns would not arise. But there are as many as 20 other banks under investigation over similar allegations. And, just as Libor is used as an international benchmark for interest rates, so inquiries into its manipulation, and the fallout from it, are spreading around the world. For all the new regulations in the aftermath of 2008, the global banking industry is yet to see changes remotely in proportion with the scale of the crisis it precipitated. The Libor scandal may just be the tipping point."
in full
http://www.independent.co.uk/opinion/leading-articles/leading-article-politics-is-a-distraction-from-the-libor-scandal-7924862.html
Why the LIBOR Scandal Matters: ‘Destruction of Confidence to the Nth Degree’
http://finance.yahoo.com/blogs/daily-ticker/why-libor-scandal-matters-destruction-confidence-nth-degree-144511452.html
The SENATE is going to 'ask' BERNANKE and GEITHNER about the LIBOIR issue?
Goldman/Sachs-paid-for POLITICIANS are going to 'demsand' that Goldman/Sachs APOINTEES are going to 'divuldge' 'GOLDMAN?SACHS' 'priveledged information that might harm the international interests of the MIC 'Goldman/Sachs, AMEN, TPTB?
THANK GOODNESS that OBOMNEY/ ROMBAMA (#1 contributors, GOLDMAN//SACHS) are going to call for 'more accountability' in their respective 'next term(s).
This story has, indeed, restored my confidence in 'THE AMERICAN DREAM'.
I wave my flag, in the hopes that this WET DREAM of sex with the BANKERS will nsoon end.
The total lack of sense of purpose in the investigating committee forced me to respond with the above trashy, sophomoric imagery of what is about to transpire in the LIBOR hearings. Apologies punctuated with mewling and sighs of hero worship is all we will get for our vote and our tax payments. The hard earned cash of investment and tax payments is still being shoveled out the back door to Europe in exchange for valueless derivative scrip repayment. Hang every poliTICK wearing a necktie just to be on the safe side.
Reckoning that the "Idocracy" (Welcome to Costco, I love you) ain't `sposed to start for another generation or so .. gee wilickers .. the price of avarice requires the "beleiver" shed any sense of survival and reality,
Saw stretch job "Dispy Smellosy" on the tube declaring women elected congress were women of power. Okay we let them getaway with calling us consumers (go to work tomorrow and call your boss a consumer and see where it lands. But self ascribing themselves as persons of f*cking power? They're f*cking civil service employees. They f*cking work for us - we employ them - we pay millions a month so "Strech Job" can fly back to CA wheneve, to get get her pores sucked, in an air force jet.
They only power they have is the power we have authorized them to use. So what do they do - authorized themselves like they're some kind of f*cking zero brained low iodine Viceroy.
They're a crazy bunch of sick.f*cks, thats what they are - most of those faces have been slammed out from CSPAN for more than 20 f*cking years!
Thank you DIebold and Executive Ordering Bloodied Hand Prince of Peace!
BTW: If Dr Paul can get a plurality of delegates in Nebraska this weekend hes an official nominee for the office of president of the United States.
Only 450 Million for a RICO violation and counterfeiting of Trillions USD. Sh*t, Barclays probably pig in poked 500 times that into their coffer.
Contest: The Parliamentary Pussy Contest: Will US senators be more pussified questioning the son of father that employed Obumbi's mommy and our very famous counterfeiter in chif, Ben, the "Skank' Bernackiwacka? Poll immediately after the "allsrtar even : Briber Flesh Puppets vs Bribees.
I almost pissed my pants reading that.
The Senate is full of shit, of course. Yesterday, the lowly North Carolina Utilities Commission disemboweled the CEO of the country's largest electric utility, Duke Energy. Not that the media noticed of course.
http://usabailout.com/content/duke-energy-ceo-caught-lying-under-oath-media-sleeps
The U.S. Senate couldn't even give Jamie Dimon a proper blowjob.
Exclusive: Encana tipped off Chesapeake to land plans in Michigan - Emails
http://www.reuters.com/article/2012/07/11/us-chesapeake-encana-land-idUSBRE86A0G620120711
These land grabs are an important facet of the frauds going on...
Later, around 1982, Timmy Geithner could be found working closely with Richard Perle at times. Perle was working for U.S. Senator Henry Jackson during the Lowry/Evans special election race. The Vancouver Club was a topic of discussion and I could guess what that meant. The Vancouver Club catered to the lowest of the low. Did Richard Perle go there? Ask Doug Feith, Eliot Abrams, Paul Wolfowitz, and Dick Cheney. They certainly could tell you about the 1980s Vancouver Club in Vancouver, B.C.. So could Richard Perle but I do not want to be sued.
Gary did 2 1/2 years in prison, minimum.
What happened at yesterday's hearing was amazing, and yet relatively few people (unless they've been around legal proceedings for awhile) would have noticed it because there weren't any Perry Mason-style fireworks. Instead, the examiner maintained his monotone delivery, which frequently lulls witnesses into a false sense of calm that leads them into delivering extremely damaging testimony without even knowing it until it's too late. (This is an excellent deposition tactic; for trials, not so much.)
That's a long way of saying I can somewhat understand the weak TV coverage, which depends on explosive action for ratings. But for the print media to whiff altogether on THE event in the hearing--major CEO's credibility destroyed on central issue--absolutely stunned me.
HTL3--great story. However, Geithner's appearance therein would have put him at about 21 years old. Is that correct?
Cheyanne, I would have to say that at the time, Geithner appeared to be 17-21 years old. He was very shy and he stood out in my mind because his skull was the only head on the campaign that was larger than mine. When I was in fifth grade, my head was the largest in the school until Ricky B______ showed up. A size nine, at least. Geithner did some account work for Lowry of some kind. I do not know exactly what. He sure stuck close to Richard Perle. I can imagine Geithner's life in danger at this time. He snapped and was singing like a bird once recently. The FBI threw him out into the street. We need the FBI remanned starting at the top. They are dangerous and traitorous.
Pat could tell you the same things about Hitlery that I could. Hitlery is insane and a clear and present threat to good people everywhere. Six witnesses were interviewed by the FBI in Seattle concerning the pistol they found free of fingerprints on icnVe osterF. It was purchased under false pretenses at Seattle Hardware for the governor's wife with cash by a campaign worker against his own wishes and then illegally taken out of state. The FBI talked to me because I am the person who wrote down the serial numbers.
When you add up the skull and bones crowd, CIA, FBI, freemasons, Knights Templar, Knights of Malta, Rhodes scholars, and the jesuits surrounding Bill Gates and Bush41, you can see the nature of the financial and military sabotage attacks on the U.S since 9/11/2001. Most people use about 10% of their brain and believe the four lies their mothers tell them. The four lies that they are perfect, safe, pretty(or handsome) and smart, which leaves them comfortable in their little bubble nest not unlike a spittlebug, whose self confidence is dependent on the delusions of spit. What a mess.
http://www.wanttoknow.info/mind_control/19890629_washington_times_franklin_affair
There is a lot of stuff out there about it if you know where to look, I posted something on it once by Tom Flocco.
http://www.tomflocco.com/fs/PhotographerTied.htm
The video producer who filmed that snuff film was introduced as Hunter Thompson to survivors before the filming, but conflicting testimony that the video producer was not the political satirist who roasted Bush41, Bush43, and Nixon in his books and national media every chance he got. The video producer apparently looked much like HST but at least one witness said that Hunter S. Thompson was NOT the video maker present. Bonacci had been through unimaginable trauma and I do not discount his observations. I spent a lot of time on this one. The statement that after Thompson had insulted and exposed intense loathing for snakes like Bush41 and Nixon repeatedly in the national press, he filmed the murders of children with them defies logic and defies being an MO for Thompson. Bush41 was photographed with a kidnapped and doped up Johnny Gosch soon after his kidnapping, providing an MO for Bush41.
Thompson's neighbor in Aspen was Bani Sad'r.
Sad'r's large acreage next to Thompson would have enabled invasive access to Thompson's house where he had been suffering a painful terminal illness for years.
These are very bad people, and I know there are tens of thousands of soldiers out there who would like to be sure enough of testimonies to serve up extremely bad days to these creeps. Congress has become such a degenerate pack of worms that they should be served up for Iron Mike Tyson as sparring partners. The CFRtv wants immoral genetic slag congressional and presidential candidates to enable the coincidental rise of the NWO=OWO degenerates. Read Hunter S. Thompson's work on the likes of Bush41 and friends. He condemns them at every turn, as God would have it.