One of the most revered and trusted figures in finance is the London interbank offered rate (LIBOR). This is the amount of interest banks charge when lending to one another for periods ranging from overnight to one year. The LIBOR is used as the variable in hundreds of trillions of dollars of finanical transactions and derivatives. It is therefore crucial that this be a rock solid, impeccable, and trusted standard, like an atomic clock that is used to set the time of every other clock in the world. But it appears some bankers have colluded to set the atomic clock ahead by one second to get a slight advantage over their clients. They have fraudulently manipulated LIBOR to squeak out extra money from the derivatives they sell to their clients. This is why people need to start going to prison. When all you do is fine them lunch money, then fraud is incentivized and it will only get worse and worse to the point where they are now fucking with LIBOR, for chrissakes. This is organized crime. These are mobsters fixing the race. As I have tried to point out several times here, the people who are being ripped off by this fraud are...YOU. If you have a retirement fund or money market fund of some kind, you are the client that is being repeatedly ripped off. If you have a mortgage that is fixed to LIBOR, which every non-fixed mortgage on the planet is, then you may have been paying more than you should have been. The money they are stealing is coming from your pocket. And some people who are willfully blind to Wall Street's thievery are completely okay with you being robbed. That makes them the best kind of sucker. The willing idiot victim who just stands there as his pockets are gone through, saying, "Fraud? What fraud? Whatchu talkin' bout? I no see no fraud!" UBS Turning Whistleblower in Libor Probe Just like in organized crime, the first mobster to confess and cooperate with the cops gets the biggest break. And that is what UBS is doing. They are cooperating first to minimize their punishment. And this is how crime rings are broken up. You break one of the mobsters and he rats out all the others. It is way past time to use the Racketeering Influenced and Corrupt Organizations (RICO) Act against these criminal enterprises. It is time to start sending these mobsters to prison and start confiscating their illegally gained assets under RICO. Or...we can just blame negroes for our troubles and call it good.