Who knew Richard Pryor in _Superman III_ was such a f--king prophet? He's proven an inspiration for an entire generation of banksters and their cronies.

ya know i would link to this and spread it around. but grandma will be offended by the word bull****

Real confidence is earned as a result of transparency and honesty. Once destroyed, it's not easily regained.

...and once again it's all about "recapitalizing" the banks...they must be saved at any and all costs...laws shmaws...the banks must survive the coming global debt bust...make no mistake...that is the goal...whenever Bernanke speaks, it's about "jobs" the "economy", BS...that's just a smoke screen to keep the dumb****s thinking the government is looking out for them...it is not...it is looking out the biggest banks...no more complicated than that.

~~~~~~

My "Are you kidding me" moment of the day from the noon news...

1. USPS contracts out to private companies the hauling of mail between states.

2. The private trucker drives the truck to the destination USPS parking lot.

3. The private trucker then gets out of his truck and a USPS trucker backs the truck up to the dock.

I kid you not...the unions actually set it up so that a unionized Postal Worker must drive the truck the last 50' of the trip "for safety reasons".

Fortunately, the USPS recently ended that policy and now allows truckers to park their own trucks.

...and wouldn't you know it...some trucker jumped out of his truck before backing it up to the dock...didn't engage the brake...the truck started to roll and he was killed...and now the unions are blaming the new policy and demanding the USPS truckers once again park the trucks for the truckers.

Unbelievable levels of corruption and stupidity from the very top to the very bottom.

Quote:

A 0.01% move would be $30 billion that was stolen.

Oh hell, it is not all that different than HFC, just another scam to skim your ass.

TEN MINUTES waiting on the DOJ line thus far....

.....and I was hung up on when I gave them the list of items they have been solidly ignoring......

202-514-2000

Calling again.

Karen1p, I'm sure they hung up so they could stop everything and get right on the things on your list.

Lowbeyond wrote..

ya know i would link to this and spread it around. but grandma will be offended by the word bull****

My Grandma used to swear in Polish, so as not to offend her grandchildren. We all picked up on what she was doing, even though we didn't know the exact words she was saying, very quickly. My Great Grandmother was famous for cussing up a blue streak...again, in Polish...but we never learned exactly what she was saying.

I am certain that both of them were very familiar with the word bull****, but it was unlikely to have been among their more colorful Polish expressions...it probably didn't translate well.

Karen...keep hammering away! They really need to know how you feel about this issue.

Karen, the government takes care of the government. As soon as we figure that out, it is necessary to figure out what the govenment uses on the outside to take care of the government. I think we start with banks, arms manufacturers and the medical industry, not including the employees of the industry. Throw in the unions and we have a nice group that butters up the politicians, enriches their families and creates the corporate state.

Part of this game is making certain one group wins. I think Karl hit it on the head. They won't miss a penny, in that they throw them on the floor all the time. Result is the penny a day is $1 billion a year US and if you get one from everyone on earth, it is $20 billion. The typical swap that extends outside the banks is done to hedge some kind of financing costs. **** all those guys out of 1 or 2 BP and they never miss it. Most are worried about 25 bp or 50 bp. Maybe we are talking $30 trillion worldwide, another $6 billion. Maybe the CB's themselves are on the wrong side of these trades, another few billion. Then we have the various governments and of course, the mortgages world round that are tied to the LIBOR.

Throw in the no one saw it coming nonsense. Who is no one? Is it all the people underground in the local cemetaries, because a hell of a lot of us saw it coming? The Fed wasn't so stupid they didn't see it coming, so were they letting bankers take advantage of the system in order they make more money? This is the real original reason for every CB on Earth, to be certain bankers make money.

Banks making money wouldn't be so bad if the money remained in the capital reserves of the banks, but it didn't. It was looted out through bonuses and through buying back stock at peak prices. Would any of us let these outfits invest our money after watching them buy their own stocks back at what price? We witnessed MF Global in another form is all, the whole bank game being who can get the imaginary profits out of the banks.

Banking is a zero sum game. There can't be any more money paid back to banks than what is created by banks. In order to continue to service debts, more and more property has to be forked over to the money creators. There is nothing else we can give them other than control of our property in payment of debt, besides the credit they create. In bowing to their public recapitalization, we are merely allowing this elite group to remain alive to acquire more of what we think we own. Another Ponzi scheme, created and legalized by the State.

A little off topic, but thought you would enjoy. Greece (and the world) is running a Mafia-style bust-out scheme. Beauty and brains, watch this: http://www.youtube.com/watch?v=-kDOOjbP9....

How much did Jeffy Immelt know? Think about how much it helped GE Capital, and thus propped up GE as a whole.Think about how long he was on the board of the NY Fed, and who else, including Dimon, was there with him. Just massive unprecedented ****ing corruption and fraud.

if all these big banks were colluding to suppress LIBOR why are we not seeing LIBOR (and everything tied to it, like credit card prime rates, mortgages, interest payments), etc inch higher?

and of course the government (both here and overseas) isn't going to investigate, regulate, or prosecute. the banks were manipulating LIBOR lower! they were helping to move interest rates in a direction consistent with Bernanke and our governments own policy!

Central banks were encouraging this manipulation, for sure. The only question to ask is as always about the timing. Why Barclays, and why now?

Low wrote..

ya know i would link to this and spread it around. but grandma will be offended by the word bull****

I know my mother would be offended. Of course, this is the same 80-year-old mother who floored me a few months ago by casually complaining that they had changed the local radio air time to The Michael Savage Show.

After I picked my jaw up off the floor, I asked her how long she'd been a member of The Savage Nation. I'd always bored her to tears, and quickly, with my political rants about our lawless leaders. Now, I'm having to change the subject when Barry the Idiot comes up. Of course, she's now a fervent Republican, so I'm having to educate her about the bipartisan thieves running the two-faced monster in Washington.

Larry J wrote..

During the War of 1812, British troops burned much of Washington DC. And to think we never had the decency to thank them.

Celebrate your favorite bicentennial - August 24, 2014!

Karen1p wrote..

.....and I was hung up on when I gave them the list of items they have been solidly ignoring......

Effing uppity peasant wench that you are!

Usk: "Why Barclays, and why now?"

I've been wondering about this too, especially given that apparently Barclays was the whistleblower? Especially given this from Bloomberg "BREAKING: Barclays Revealed Libor Scandal Four Years Ago" http://www.bloomberg.com/news/2012-07-06.... and the original article "Libor Banks Misstated Rates, Bond at Barclays Says (Update2)" http://www.bloomberg.com/apps/news?pid=n.... .

There's a couple of things I find very intriguing. First is the silence about Euribor and the ECB (given the leverage in the EU, surely the Continental Banks were at the highest risk of detonation, with any slight moves upward in rates? Ever since, pressure on rates is still in the same direction). Secondly, the amazing silence surrounding all this, across Europe at the time.

You would have thought journalists and the media, would have been over this story like fleas on a dog.

Spanky,
In reply to your "off topic" post, I would like to say my 85 year old mother did that very thing to Bank of America and JPMorgan Chase. She ran up two credit cards from them both and then defaulted. When these creditors now call her she said, "You got your bailout, and now I got mine!"

Love my Mom!

All it takes is for one party, who sells an indispensable good to demand hard money in trade (gold, silver, platinum, diamonds) and all these games go up in smoke. And you KNOW what that indispensable commodity is. Too bad the assclowns who own the most of it are willing to take paper currency in return. Actually, it's fortunate. Fortunate that they are willing to sell us their liquid gold for paper promises.

SUCKERS!!