START A PETITION 25,136,189 members: the world's largest community for good
START A PETITION
x

The Wall Street Scandal of All Scandals


Business  (tags: finance, ethics, cover-up, corruption, business, banking, wall street, libor world )

Nancy
- 652 days ago - opednews.com
Libor is the benchmark for trillions of dollars of loans worldwide -- mortgage loans, small-business loans, personal loans. It's compiled by averaging the rates at which the major banks say they borrow.



Select names from your address book   |   Help
   

We hate spam. We do not sell or share the email addresses you provide.

Comments

Craig Pittman (44)
Monday July 9, 2012, 1:58 pm
It just never seems to stops. Thanks Nancy.
 

Alllan Yorkowitz (462)
Monday July 9, 2012, 2:55 pm
I have never heard of Libor, but this article was overwhelming.
 

Mary away T. (188)
Monday July 9, 2012, 7:42 pm
Thanks Nancy, I watched the video about this a few days ago.
 

Gloria picchetti (279)
Tuesday July 10, 2012, 8:43 am
They won't stop until everyone who isn't a billionaire lives in a tent.
 

Zee Kallah (39)
Tuesday July 10, 2012, 10:19 am
Never had all these problems when we were using the barter system.

However, our lives were much simpler. I guess it costs to complicate things!

Now, it's not a matter of our farm community or small cities --- it's THE WORLD!!!
 

Kerrie G. (135)
Tuesday July 10, 2012, 11:17 am
Noted, thanks.
 

. (1)
Tuesday July 10, 2012, 12:39 pm
Noted. Thank you Nancy.
 

Past Member (0)
Tuesday July 10, 2012, 4:10 pm
Tear down Wall Street and put up a public forum park in its place!!
 

Eternal Gardener (700)
Tuesday July 10, 2012, 5:07 pm
When you think they can't possibly get any lower, these little greedy men manage to go even lower! They are a very shrewd bunch of criminals!
 

Lois Jordan (55)
Tuesday July 10, 2012, 6:18 pm
Noted. Thanks, Nancy. I'd heard of LIBOR, but didn't know what it was until now....and this all started under the Bush Regime. It's taken 4 yrs. into the Obama Admin. for this to finally explode in the media and some "action" to begin. It's not resignations we need, it's massive fines and jail time!....And this is how we've become a "TRICKLE UP" economy--our money trickles up and disappears into the pockets of cheating, thieving liars without consciences.
 

Dandelion G. (399)
Tuesday July 10, 2012, 8:04 pm
Thank you for getting this Libor out there for people to learn. Judy had placed a video on about this a few days back. Anyone wanting to view the video can go to"
Video on libor from Current TV

The fact is, so much is going on that we have had no idea about, but like with everything, eventually the truth is found out, however the damage has been done. But we need regulations, we can not expect the criminals to regulate themselves. The millions and billions they have access to is too tempting, they are like alcohols, they can't stop, it's never enough.
 

ellen m. (233)
Wednesday July 11, 2012, 2:37 am
OCCUPY!
 

Marianna Molnar Woods (9)
Wednesday July 11, 2012, 3:54 am
noted
 

Robin snackers (20)
Wednesday July 11, 2012, 10:24 am
It's getting worse!!
 

Lindsay Kemp (1)
Wednesday July 11, 2012, 12:06 pm
This has been happening in the UK, too. One of our banks has been fined almost 300million pounds. This behaviour is disgraceful. Banks need to have rules and regulations and this needs to happen quickly to restore public opinion and trust.
 

Teresa Cowley (272)
Thursday July 12, 2012, 12:39 am
This is simply sickening, and I'm quite sure it will continue. They'll do as they usually do and find a scape-goat or two, pay a bit of a fine--then it's "back to business as usual"--and the workers the world over get to pay and suffer, and watch the usual rich-folk rack in the money!
 
Or, log in with your
Facebook account:
Please add your comment: (plain text only please. Allowable HTML: <a>)

Track Comments: Notify me with a personal message when other people comment on this story


Loading Noted By...Please Wait

 

 
Content and comments expressed here are the opinions of Care2 users and not necessarily that of Care2.com or its affiliates.