EXCLUSIVE: Prosecutor, Regulators Close to Making LIBOR Arrests
The language used in this article makes it clear that THERE WAS A GRAND CONSPIRACY AMONGST THE LARGEST BANKS IN THE WORLD!
"charging them with colluding to manipulate global benchmark interest rates"
"traders
at major banks allegedly sought to influence the London Interbank
Offered Rate, or Libor, and other global rates that underpin hundreds of
trillions of dollars in assets."
"financial
regulators are focusing on a ring of traders from several European
banks who allegedly sought to rig benchmark interest rates such as
Libor"
"regulators
are checking emails among a group of traders and believe they are close
to piecing together a picture of how the suspects allegedly conspired
to make money by manipulating rates"
"More than a handful of traders at different banks are involved"
"There are also probes in Europe concerning Euribor, the Euro Interbank Offered Rate"
"more than a dozen current and former employees of several large banks are under investigation"
"documents
released by the New York Federal Reserve Bank this month that show
regulators in the United States and England had some knowledge that
bankers were submitting misleading Libor bids"
"banks
face a growing number of civil lawsuits from cities, companies and
financial institutions claiming they were harmed by rate manipulation"
END
The "hits"
on my 2012 Timeline article are greatly increasing as the pressure
builds. I will be revising this article in the next few weeks to get a
better up to the minute take but the major themes are all coming true:
2012: Timeline on the Road to RootA(for paid Private Road Members)
Timing is EVERYTHING on our Road and you should be braced for a major blow to the Global Fiat Monetary System.
A blow that will be UNRECOVERABLE.
May the Road you choose be the Right Road.
Bix Weir
www.RoadtoRoota.com
