Two stories this week prove once again – that the big banks are literally criminal enterprises.
Initially, all of the big banks have engaged in Mafia-style “bid-rigging” of municipal bonds,
to bilk money from every city in the nation
… to the collective tune of tens billions of dollars.
And Barclays and other large banks
– including Citigroup, HSBC, J.P. Morgan Chase, Lloyds, Bank of America, UBS, Royal Bank of Scotland –
manipulated the world’s primaryinterest rate (Libor)
which virtually every adjustable-rate investment globally is pegged to.
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