US builds criminal cases on rate fixing scandal

[Truthmatters]

NYT: US builds criminal cases in rate-fixing - Business - US business - The New York Times - msnbc.com


As regulators ramp up their global investigation into the manipulation of interest rates, the Justice Department has identified potential criminal wrongdoing by big banks and individuals at the center of the scandal.

The department’s criminal division is building cases against several financial institutions and their employees, including traders at Barclays, the British bank, according to government officials close to the case who spoke on the condition of anonymity because the investigation is continuing. The authorities expect to file charges against at least one bank later this year, one of the officials said.

The prospect of criminal cases is expected to rattle the banking world and provide a new impetus for financial institutions to settle with the authorities. The Justice Department investigation comes on top of private investor lawsuits and a sweeping regulatory inquiry led by the Commodity Futures Trading Commission. Collectively, the civil and criminal actions could cost the banking industry tens of billions of dollars.

 

[Katzndogz]

When will Tim Geithner be arrested?

 

[bigrebnc1775]

When will Tim Geithner be arrested?

That was not TM's intent for this thread and you know it, so stop it.

 

[Truthmatters]

why would they arrest Geithner?

 

[Truthmatters]

my intent is to discuss the news.


I am not surprised you dont want to discuss this news

 

[Katzndogz]

Tim Geithner as head of the Federal Reserve did not participate in rate fixing, instead he offered his advice in covering it up to make sure US banks were able to be ensnared.

News Article - Economia e Finanza con Bloomberg - Repubblica.it

No matter what was done in England or any other part of Europe, US authorities can't do anything about it. These are matters for those countries and obama doesn't really rule the world no matter how he and other democrats dream he does.

Tim Geithner drawn into Libor scandal - chicagotribune.com

With Libor scandal threatening to migrate from London to Washington, pressure is growing on Geithner and other regulators to explain what they knew and when.

On Thursday, several key Democratic senators called on the Justice Department to hold accountable bankers and regulators who failed to "stop wrongdoing that they knew, or should have known about."

 

[Truthmatters]

ummm, your articles dont say he did anything wrong you fool

 

[Full-Auto]

When will Tim Geithner be arrested?

Excellent question...............


As I read the story this am, It occurred to me the biggest manipulator has been the fed.

In fact as a direct result of his actions we pay higher prices for everything.

 

[Truthmatters]

what did geihtner do that you want him arrested for?

 

[Full-Auto]

what did geihtner do that you want him arrested for?

QE for starters but we already know you lack the capacity for understanding monetary issues.

 

[Truthmatters]

QE isnt illegal you fucking idiot

 

[Full-Auto]

QE isnt illegal you fucking idiot

Right right.

Democrats approve of hyper inflation.

Printing money out of thin air.

Infact democrats just like the trillion dollar deficits, made it so.

You are not smart enough to have this conversation, that much is painfully obvious.

 

[bigrebnc1775]

ummm, your articles dont say he did anything wrong you fool

[ame=http://www.youtube.com/watch?v=q5j6Yk0qAgQ]Last week Geithner was arrested and released! - YouTube[/ame]

 

[Full-Auto]

ummm, your articles dont say he did anything wrong you fool

[ame=http://www.youtube.com/watch?v=q5j6Yk0qAgQ]Last week Geithner was arrested and released! - YouTube[/ame]

a little in your face for TM.

 

[Mad Scientist]

TM i've told you before that you should get your LIEbor Scandal info from either ZeroHedge or Max Keizer.

From July 3rd:
And Now The Fed Gets Dragged Into LiEborgate | ZeroHedge

As was first reported two days ago, and confirmed today, Barclays' natural response to allegations it single-handedly manipulated the interest rate complex for up to $500 Trillion notional in IR-sensitive swaps and other products (it didn't - everyone else did it too), was to drag everyone into the scandal, starting off with the Bank of England (and about to drag Whitehall into it too), and specifically the man who was next in line for governorship of the English Central Bank: Paul Tucker.

I've read accounts that the total amount of swaps is actually in the area of 1,500 Trillion worldwide and that's 2008 numbers, it's much bigger now.

That is what the Bankers are trying to saddle the taxpayers with and is the reason you need to support the "Occupy" crowd. It can never be paid of and will only put us into Debt Bondage.

Those Banks that made the bets need to go bankrupt so that our economies can recover and move on. No amount of stimulus will fix it. Ever.

 

[Katzndogz]

During his tenure as head of the Federal Reserve Geithner was our chief regulator. In his position he became aware of rate fixing by LIBOR. Instead of protecting American banks, he advised LIBOR on how to conceal the rate fixing so that American banks would not know that such fixing was going on.

IF he did not know, and he claims he did not know then he is simply too incompetent to hold office. Maybe he can blame that on Turbo Tax too.

He and Eric Holder should share a cell.

 

[Truthmatters]

During his tenure as head of the Federal Reserve Geithner was our chief regulator. In his position he became aware of rate fixing by LIBOR. Instead of protecting American banks, he advised LIBOR on how to conceal the rate fixing so that American banks would not know that such fixing was going on.

IF he did not know, and he claims he did not know then he is simply too incompetent to hold office. Maybe he can blame that on Turbo Tax too.

He and Eric Holder should share a cell.

the articles you gave said nothing about that you fool.

 

[Truthmatters]

Fox is NOT a trustable source of news.

they fucking pretended for YEARS that Obama was not a citizen.

they fucking lie

 

[Truthmatters]

get another source

 

[Full-Auto]

get another source

Pull you head out of Obamas ass.