US builds criminal cases on rate fixing scandal

[bigrebnc1775]

U

 

[bigrebnc1775]

Know

 

[bigrebnc1775]

How

 

[bigrebnc1775]

2

 

[bigrebnc1775]

use

 

[bigrebnc1775]

the

 

[bigrebnc1775]

quote

 

[bigrebnc1775]

Function

 

[bigrebnc1775]

?

 

[Truthmatters]

dear fact avoiding asshole.

use your head for something other than a suppository.


The investigations started the same month the tip on the illegal actions began.


why didnt Fox tell you that?

 

[Full-Auto]

dear fact avoiding asshole.

use your head for something other than a suppository.


The investigations started the same month the tip on the illegal actions began.


why didnt Fox tell you that?

You have been owned and bitch slapped fool.

It is why we mock you

 

[Truthmatters]

just claiming a slapping does not make one.

ANSWER THIS?


why did Fox not report the investigations began the same month the tip came in?

 

[bigrebnc1775]

dear fact avoiding asshole.

use your head for something other than a suppository.


The investigations started the same month the tip on the illegal actions began.


why didnt Fox tell you that?

You have been owned and bitch slapped fool.

It is why we mock you

Who in the hell is she talking too?

 

[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

did you read the article?

 

[Truthmatters]

why did you people NOT KNOW they began an investigation the same month the tip came in?

 

[Full-Auto]

just claiming a slapping does not make one.

ANSWER THIS?


why did Fox not report the investigations began the same month the tip came in?

You are abouT the slowest poster on this board, so you seeing the light will never be expected. Those of your moral CHARACTER have no sense of honor or justice.

Therefore you will always be a low life democrat incapable of independent thought.

 

[The Infidel]

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.

She is the worst kind of whore....

givin' it away for free

 

[The Infidel]

The investigations started the same month the tip on the illegal actions began.


why didnt Fox tell you that?

why did Fox not report the investigations began the same month the tip came in?

why did you people NOT KNOW they began an investigation the same month the tip came in?

Wut?

 

[Katzndogz]

why did you people NOT KNOW they began an investigation the same month the tip came in?

Ohhhhh so you are claiming sheer incompetence! An investigation that went noplace and did nothing. Mostly because Tim Geithner was in charge. After finding out in 2008 that there was rate fixing, it took two years to begin the investigation. The Libor Investigation - WSJ.com

What is Geithner covering up?

 

[Truthmatters]

In the United States, Barclays offered to pay a fine of $200 million to the C.F.T.C., slightly below the initially proposed range, according to government officials close to the case. Mr. Meister’s team soon accepted the offer, securing the biggest fine in the commission’s history.

On June 27, British and American authorities announced the deal with Barclays, which agreed to pay more than $450 million total. “For this illegal conduct, Barclays is paying a significant price,” Mr. Breuer said then.






this is not nowhere.



http://www.msnbc.msn.com/id/4818748...-criminal-cases-interest-rate-fixing-scandal/