First Bankster LIEBORGATE Arrests Imminent

Four years into the financial crisis, not a single Wall Street bankster outside of Bernie Madoff and Russell Wasendorf have been arrested.
Four weeks into the LIBOR rate-manipulation scandal, that is reportedly about to change.
Reuters has just reported that US prosecutors and European regulators are close to arresting individual traders related to their manipulation of global interest rates.
No mention of any arrests for a single high level executive or Central Bank employee (either the ECB, Bank of England, or the Fed)- merely individual trader scapegoats taking the fall for now.
That may likely change in the coming weeks and months as the scandal intensifies.

Reuters reports:

U.S. prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with a sweeping investigation into the rate-rigging scandal.

Federal prosecutors in Washington, D.C., have recently contacted lawyers representing some of the individuals under suspicion to notify them that criminal charges and arrests could be imminent, said two of those sources who asked not to be identified because the investigation is ongoing.

Defense lawyers, some of whom represent individuals under suspicion, said prosecutors have indicated they plan to begin making arrests and filing criminal charges in the next few weeks.

 

Look for the individual traders arrested to make plea agreements and rat out those directing and orchestrating the LIBOR manipulation- high level execs and the Western Central banks.
This will be the banks’ Watergate’ and tobacco litigation scandal all rolled into one before the crisis is over.

Comments

  1. It will be interesting to watch the liberal lame stream bought & paid for media ignor THIS

  2. Da yooper…. I wouldn’t be surprised if you don’t hear any of this on CONSERVATIVE TALK SHOWS either.  Both control certain aspects of the media, and both are completely FOS (full of sheet)

  3. O…………Boy

    Brother SRSrocco dont get me started on the likes of Hannety & his toadies who also ignor so much news it makes me sick. The GDP ( generaly dumb public ) are not told the whole truth even by them

  4. Rule Number One in the ‘Banker Arrest Club’.   Be the first to rat out your cronies.  Bankers do really badly in jail.  This is going to worthy of some viewing.  Is anyone selling tickets to this event?

  5. I’d much rather see them remove, and put in storage, the Big Bronze Bull statue out in front of Wall Street.  I knew they’d find a few poor suckers to blame this on.  You and I know a Rigging this size goes right up to the CEO.  Traders can’t do this on they’re own for years and years without someone on top knowing.

    Boycott the Bull.  Remove the Bull.  Occupy the Bull.

    Now I know why they picked a Bull instead of an Elephant

  6. All the CEO and their subordinates should all be arrested for Fraud, Terrorism, Drug Trafficking & Laundering Trafficking Proceeds etc.. 

  7. Really? Where was the announcement that Corzine is among the ‘suspects’ targeted for arrest and prosecution? What about past and present Treasury Secretaries?

    SHOW TRIALS! DOG & PONY SHOWS! PUNCH & JUDY PUPPETS ALL!

  8. “The world is a dangerous
    place,

    not because of those who do
    evil,

    but because of those who look
    on

    and do nothing.”

    –Albert Einstein

  9. I’m thinking  the  HSBC  cartel should, could and would be one of the first to do a serious perp walk (right along side of JPM)  Drug laundering for the narcos and Al Queda,  theft of SLV silver stores, manipulation of interest rates last year, heavily involved in LIBOR manipulations.  Does this bank have any  legal operations?  I doubt it.

  10. Can’t help but notice we’ve been talking about everyone but Goldman Sachs lately. For now, they’ve even been mentioned as being outside the Libor scandal. Even JP Morgan and Dimon are feeling the heat on every front. Ever since Alessio Rastani said “Goldman Sachs rules the world” on BBC, the focus has been on every other bank BUT them. I think Goldman Sachs is getting ready to eat these other banks as they die off one-by-one. After all, Goldman Sachs alumni are the ones installed as technocrats, politicians, regulators, federal officials, etc. Everyone else is allowed to look bad, while those doing “god’s work” take control of all the cheap assets of the bankrupt 0.99% and centralize their power. Suddenly we’ve forgotten who orchestrated this whole entire downward spiral to begin with.

  11. I sure the list will be filled with low level fall guys, not the true criminals..

  12. GS  got a 2 level down grade to A3,  a $6.9 billion collateral call   and could only come up with about 1/3 of that.  It does not bode well for GS to be short $3-4 billion .  They may be hobbled or they may be ready for a fall. Some think they may be the first for the axe.  Their derivative book is reputed to be large, highly exposed and shaky from the bits of info that have filtered through recently.  Their silence could be that they don’t want to be in the glare of bad news while Blankfein tries to fix the portfolios. Good luck on that Lloyd.

     If Greece and Spain fail, GS will be vaporized most likely unless Blankfein can pull some strings. Dimon has more clout but who knows.  GS is Romney’s bank and banker.  They  manages his $250,000,000 portfolio.   Money talks. Maybe Bernanke will have a Saturday night meeting ala Paulson and force a few trillion down the throats of these TBTF banks.

  13. What no one wants uncovered will be uncovered if you all stick together. It is going to take all of us. No matter what the odds are. Their corrupt systems is rapidly unfolding before us.

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