The data that curious researchers were compiling couldn’t be explained using the prevailing definition of what LIBOR supposedly was: a trustworthy interest rate that accurately gauged the market price of borrowed US dollars held overseas by the world’s biggest banks.
Deutsche Bank, long coddled by the German government, is mired in a swamp of costly “matters,” such as the Libor rate-rigging scandal or the carbon-trading tax-fraud scandal that broke with a televised raid by 500 police officers on its headquarters. It’s writing down assets and setting up reserves to settle these allegations.
Peter Lanza, is the tax director for General Electric, a corporation that paid -$0- in Federal income taxes on $14.2 billion dollars in profits last year. Three of the employees from GE Capitol, the unit overseen by Lanza, were sentenced to time in prison on October 18th 2012 for Libor bid-rigging scheme. The men are the first to be sentenced as part of an ongoing investigation of bid-rigging in auctions. It just so happens that GE Capitol, Peter Lanza’s Unit, was the one involved in the bid-rigging schemes that used LIBOR rates to manipulate the municipal market.
The female who runs The Economist Magazine, is married to the biggest bankster of them all – Evelyn de Rothschild.
How convenient for team Rothschild to sell the young bankers down the river while they upstream the family jewels (i.e. gold and silver) through the imposition of newer, better and faster global monetary systems that is able to bond with the Chinese. Historian Niall Ferguson’s take on the Rothschild role in the battle of Waterloo:
Jacob Rothschild ~ Con Artist ~ Nathaniel Charles Jacob Rothschild, 4th Baron Rothschild by Derry Moore, 12th Earl of Drogheda
Over the past few years, the dishonesty and perfidy of the international banking industry have been exposed for all to see. This, of course, has not been enough to convince the governments of the world to blow up the existing financial system and replace it with something more controllable or accountable.
Pretty much everybody in the world with subpoena power has hit JPMorgan Chase with requests for information in the Libor-rigging scandal.
The biggest U.S. bank revealed the extent of its involvement in the probe in a filing Thursday morning with the Securities and Exchange Commission, saying regulators in the U.S., U.K., Canada, Switzerland and more had asked it for information:
The Department of Justice — home of the US Marshals — has now blown the lid off of the biggest financial scandal in human history… after a highly covert three-year investigation.
The LIBOR scandal has started the Great Revealing of Financial Tyranny. Mass arrests must begin with mass charges, and mass court cases — and that has now arrived. Disclosure of many great hidden truths will follow.
Nathaniel Charles Jacob Rothschild, 4th Baron Rothschild by Derry Moore, 12th Earl of Drogheda
Note: The Bank of England is Rothschild. It is, like the Federal Reserve (co-owned by blood-line families along with the Rothschilds) , anything but Government owned, despite its official sounding name. All central banks are Rothschild owned but (I believe Russia, China, Syria, Iran, Iceland, Cuba, Venezuela, & North Korea). The BIS is also a Rothschild enterprise.