*Breaking
Reuters reports German regulator BaFin has begun a special probe of Deutsche Bank into possible manipulation of LIBOR rates.
As we noted over the weekend, JP Morgan and Bank of America appeared to be submitting the most blatantly fabricated LIBOR rates during the depths of the financial crisis in 2008-2009, yet American regulators such as the SEC, CFTC, and DOJ have yet to even blink from their regularly scheduled porn. While LIEBORGATE appears to be reaching contagion stage in Europe, what will it take for the 1st US bank to be officially implicated?
From Reuters:
German markets regulator BaFin is conducting a special probe of Deutsche Bank (DBKGn.DE) as part of a wider investigation into possible manipulation of the London Inter Bank Offered Rate (Libor), two people familiar with the matter said on Friday.
The German regulator declined to comment specifically on whether it was probing Deutsche Bank, but said it was in looking into suspected manipulation of Libor rates by banks.
“We are making use of our entire spectrum of regulatory instruments, so far as this is necessary,” a spokesman said.
Deutsche Bank shares extended losses after the news and traded 4.3 percent lower at 1523 GMT.
Results from the probe are expected to emerge in mid July, one of the sources said.
They said the investigation was a so-called special probe initiated by the regulator, which is more severe than routine probes which are initiated by a third party, for example a bank.
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Kind of scary to think they have THAT much power to control the illusion. What’s even more scary to me is that fact that 10′s of millions of American’s couldn’t give two shits.
The question now becomes is there any bank or any form of loan program that has not been corrupted by these criminals. I can’t one.
kinda like pulling on that one thread that’s pulled on a sweater… soon enough, you end up with a giant mess of loose yarn, and no more sweater. The whole thing is gonna fall apart soon enough.
“what will it take for the 1st US bank to be officially implicated?”Time. Regardless of what the trigger proves to be, I don’t think a rigging of LIBOR could have been done without at least tacit participation by a few of the large US banks. Some underling at Barclay’s or some other bank will likely spill the beans under duress.We’re actually lucky this broke in England. UK regulatory agencies will act with a little more bite and the political intelligentsia is more apt to get angry on issues like this vs. the US. In the end, this is going to come to the US. It’s too big not to be linked to US institutions.
Yeah FW, Let Nigel Farage get a good hold on this one. His rant will be heard worldwide and in short order I suspect.
The only reason 10s of millions of Americans won’t really care is because they are not educated enough to understand what the import of such fraudulent activities mean to them and their investments/pocketbook. But, then, that is just the way TPTB want it. Dumb sheeple (maybe that is what the chemtrails are about…). I’m glad I was raised in a home where Austrian economics was passionate foreplay to understanding the nonsense of fiat “money”. Stack more and more often I keep telling all my friends and family (who don’t get tired of my broken record). Stackers day WILL come, and likely (read here “hopefully” with a little understanding and insight) soon.
Several of the LIBOR bankers in this conspiracy are US banks with even more on the list that have US banking footprints even though they are HQ in UK, Germany and France. We may not be ground central in this scandal and corruption but we are well within the periphery Bix Weir noted in the names of the 17 or so banks some prominent US financial institutions, JPM and Citibank were part of the group.
Most Americans don’t know about it, because our Media is not talking about it. The American Media is so controlled that it’s pathetic. We are just lucky because we have great sites like this to keep us informed so thanks to the Internet as long as we have it.
Don’t you find it strange that other countries are going after their Banksters and digging deep but the Crooked Politicians here are applauding them especially Jamie Dimon.
The Fed is controlling the Banks and the Fed is controlled by the Elite.
M45;
I agree 427 that we want to know the truth but most Americans believe the News Media and they are not getting the truth. I’ve spent lots of time telling my family and friends but they just don’t listen as I am not an authority in their eyes as the News Media is to them. Sad
ha ha ha I heard that M45!
Can’t say that I can add much here. You guys have it covered. Heading to the river now for a 4 hour float. Have a great day all.
