US builds criminal cases on rate fixing scandal

[bigrebnc1775]

Fox is NOT a trustable source of news.

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

they fucking lie

I don't think FOX would make that kind of accusation unless there was some truth too it. But you can continue on with your partisan hackery dance

 

[Truthmatters]

fox paid money in court to lie to viewers


fox claimed fast and furious was some big scandal for a whole fucking year.

they lie their asses off.

If only Fox is reporting it that way then its a fucking lie like all their other lies

 

[Full-Auto]

fox paid money in court to lie to viewers


fox claime fast and furious was some big scandal for aw whole fucking year.

they lie their asses off.

If only Fox is reporting it that way then it that way then its a fucking lie like all their other lies

Your post proves you the Liar low life................

 

[Katzndogz]

TM is a paid obamabot. Has to be.

 

[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.

Lawmakers in London and Washington are examining whether regulators looked the other way as banks artificially depressed the rates. On Friday, it was disclosed that a Barclays employee notified the Federal Reserve Bank of New York in April 2008 that the firm was underestimating its borrowing costs. Despite the warning signs, the illegal actions continued for another year.

But in April 2008, a senior enforcement official at the Commodity Futures Trading Commission, Vincent McGonagle, opened an investigation. He directed the case along with another longtime official, Gretchen Low


At first the case stalled as the agency waited months to receive millions of pages of documents when Barclays pushed back against the American regulators, according to the officials close to the case. By the fall of 2009, the trading commission received a trove of information, providing a broad view into the wrongdoing.

A series of incriminating e-mail and instant messages, regulators say, laid bare the multiyear scheme. In one document, a Barclays employee said the bank was “being dishonest by definition.”

The case gained further traction in early 2010, when the agency’s enforcement team engaged the Justice Department. The department’s criminal division, led by Mr. Breuer, agreed that regulators had a strong case. The investigation continued until January 2012, when the trading commission notified Barclays lawyers that they were entering the final stages before deciding about an enforcement action.








in April 2008, a senior enforcement official at the Commodity Futures Trading Commission, Vincent McGonagle, opened an investigation

 

[bigrebnc1775]

fox paid money in court to lie to viewers


fox claimed fast and furious was some big scandal for a whole fucking year.

they lie their asses off.

If only Fox is reporting it that way then its a fucking lie like all their other lies

OMG a little gun running by the government without the Mexican government knowing about it and it's nothing to you, unless it was BUSH doing it.

 

[Full-Auto]

TM is a paid obamabot. Has to be.

I have seen that scum bag defend every single act of despicable and criminal behavior on the dems part.

You will find no one on this board of lower moral character.............

 

[bigrebnc1775]

TM is a paid obamabot. Has to be.

I don't think she's paid to do it, I think she does it for free.

 

[Truthmatters]

where is this claimed communication from Geithner saying what you claim ?

 

[Truthmatters]

in April 2008, a senior enforcement official at the Commodity Futures Trading Commission, Vincent McGonagle, opened an investigationin April 2008, a senior enforcement official at the Commodity Futures Trading Commission, Vincent McGonagle, opened an investigation


where in that is proof they ignored what they knew?

 

[Truthmatters]

These cases take time to build.

You cant arrest every CEO on the spot when you get a whistleblower, you have to get evidence without your perp knowing you are collecting evidence so they cant distroy it before you can get to it.



You people are dupes

 

[bigrebnc1775]

where is this claimed communication from Geithner saying what you claim ?

Why can't you use the quote function, you dumb bitch?

 

[Truthmatters]

why do you embrace lies about your own people and believe international bankers who fucked the whoile world for their own pockets sake?


what the fuck is wrong with you people?

 

[Truthmatters]

when this story breaks onto the national scene right before the elections people will KNOW without a doubt that your right wing plans for LESS regulations on these heros of yours is an idiots idea

 

[Truthmatters]

when will you fools get tired of being lied to by Fox?

 

[Full-Auto]

when will you fools get tired of being lied to by Fox?

When will you quit lying low life?

 

[Truthmatters]

gee fox never told you they started investiging the same month they recieved the inside tip about it huh?


gee I wonder why?

 

[Truthmatters]

how very sad you just keep going right back to fox after you get slappped over and over and over by them.



when will you people learn your being used?

 

[Katzndogz]

in April 2008, a senior enforcement official at the Commodity Futures Trading Commission, Vincent McGonagle, opened an investigationin April 2008, a senior enforcement official at the Commodity Futures Trading Commission, Vincent McGonagle, opened an investigation


where in that is proof they ignored what they knew?

Did you really say this? OMG. There are times I just can't believe that I'm seeing what I'm seeing!

If they had NOT ignored what they knew, the scheme would have been exposed in 2008. Geithner was our HEAD regulator, if he knew, he covered it up. Maybe he was paid to cover it up. If he didn't know, it is the very pinnacle of incompetence because he was head of the Fed and chief regulator. He should have known.

 

[bigrebnc1775]

Do