“Your working hypothesis should be that every bank in the industry did some version of this same thing. There will be more to come.”-unnamed banking official in letter to British news media
02 July 2012, Marcus Agius, a chairman of evil British Empire’s Barclays has resigned. Barclays recently settled with U.S. and U.K. regulators over the LIBOR scandal. The settlement was a pittance compared to the damage Barclays, and other banks caused.
The general public in Britain has been calling for Barclays boss, Bob Diamond, to resign as well. Public officials are calling for criminal charges: “…when we’re setting up the National Crime Agency we should look at the record of the Serious Fraud Office. I suspect financial crime is easier to get away with in this country than practically any other sort of crime.”-Ken Clarke, Justice Secretary of United Kingdom
Barclays “systematically” falsified data to set the London Interbank Offered Rate, or LIBOR. Regulators from Switzerland and U.K., are investigating at least 20 banks, including the top three banks in Japan (for fraudulent Tokyo Interbank Offered Rate or TIBOR), banks in Canada, U.S. and European Union! Elites from Japan, North America and Europe are members of the private organization Trilateral Commission.
Mervyn King, Governor of the Bank of England, said LIBOR “is now dead”, and even called the very banking system he represents “deceitful”! Now the British government is calling for a new independent investigation into the British banking system and LIBOR.
The amount of money manipulated by the LIBOR (and now TIBOR) scandal is estimated at more than $361 trillion USD!!!