Posted on January 3, 2013 3:51 pm by zandocomm
Update: CT School Shooter Killer
Link To LIBOR SCANDAL
The father of Newtown Connecticut school shooter Adam Lanza is Peter Lanza who is a VP and Tax Director at GE Financial. The father of Aurora Colorado movie theater shooter James Holmes is Robert Holmes, the lead scientist for the credit score company FICO. Both men were to testify before the US Sentate in the ongoing LIBOR scandal. The London Interbank Offered Rate, known as Libor, is the average interest rate at which banks can borrow from each other. 16 international banks have been implicated in this ongoing scandal, accused of rigging contracts worth trillions of dollars. HSBC has already been fined $1.9 billion and three of their low level traders arrested.
Filed under: news | Tagged: Adam Lanza, FICO, GE Energy Financial Services, Genworth Financial, HSBC, Libor, London Interbank Offered Rate, Newtown Connecticut, Robert Holmes, Update: CT School Shooter Killer Link To LIBOR SCANDAL | 12 Comments »
Posted on December 17, 2012 3:17 am by zandocomm
Libor Scandal Grows As The Fathers Of Two Mass Murderers Were to Testify
Adjustable Rate Mortgages
In the wake of the mass murders that took place in Newtown, Connecticut on Dec. 14, information on the shooter, and his family, is slowly being discovered by law enforcement other sources. One interesting connection to the tragedy that took place at the Sandy Hook school is that the father of Adam Lanza has a connection to the theater shootings that took place in Aurora earlier this year by James Holmes.
Both fathers of the shooters were allegedly expected to testify in the Libor scandal that rocked the banking world in June.
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Filed under: news | Tagged: Adam Lanza, banking scandal, Connecticut, HSBC, Libor, libor scandal, libor scandal grows, Libor Scandal Grows As The Fathers Of Two Mass Murderers Were to Testify, London Interbank Offered Rate, Newtown Connecticut, Robert Holmes, Sandy Hook | 4 Comments »
Posted on December 16, 2012 12:59 am by zandocomm
BREAKING NEWS: CT School Shooter Killer Link To LIBOR SCANDAL
Updated Sunday Dec 17, 2012- 10:30 pm cst
Updated Monday Dec 17, 2012
N.W.W.: The following story has been thoroughly checked as accurate. Feel free to check this posting yourself links are provided below. If you have anything to add to this story pleas post it in comments. I have added links to verify this story’s accuracy even further. Please look below for links confirming the story.
Link below to planet infowars.com has changed there headline stating that there is no link. However data shows that there is a link in there jobs. For the full info to this story go to http://www.fabian4liberty.com/breaking-news-ct-school-shooter-killer-link-to-libor-scandal/
Information below confirmed from: planet.infowars.com
The father of Connecticut school shooter Adam Lanza, Peter Lanza, was the tax director for General Electric, a corporation that paid -0- taxes on 14.2 billion dollars in profits last year.
According to Fabian4Liberty, Peter Lanza was scheduled to testify in the ongoing global LIBOR scandal. In what could only be described an amazing coincidence, the father of Colorado Batman shooter James Holmes, Robert Holmes, was also a LIBOR witness in his position with FICO .
Filed under: news | Tagged: Adam Lanza, BREAKING NEWS: CT School Shooter Killer Link To LIBOR SCANDAL, Colorado, Connecticut, Ernst & Young, Federal Bureau of Investigation, FICO, GE Capital, GE Energy Financial Services, General Electric, HSBC, James Holmes, Libor, London Interbank Offered Rate, Morgan Stanley, Newtown Connecticut, Peter Lanza, Robert Holmes | 67 Comments »
Posted on October 16, 2012 9:30 am by zandocomm
Banks Sued by U.S. Homeowners
Over Rigging of Libor Benchmark
Barclays Bank PLC world headquarters (Photo credit: Wikipedia)
U.S. homeowners filed a lawsuit against 12 banks, including Barclays Bank Plc and JPMorgan Chase & Co. (JPM), claiming that manipulation of the benchmark Libor lending rate made their mortgage repayments more expensive.
Traders at banks in Europe and North America such as UBS AG (UBSN), Bank of America Corp. (BAC) and Royal Bank of Scotland Group Plc (RBS), “unjustly enriched themselves” by manipulating the rate, according to the complaint. That allowed them to increase the payments by homeowners on adjustable rate loans, boosting profit, according to the lawsuit.
Libor, or the London interbank offered rate, is the benchmark for more than $300 trillion of securities and loans. The rate is calculated from a daily poll carried out by Thomson Reuters Corp. on behalf of the British Bankers’ Association, a London-based lobby group. Lenders are asked to estimate how much it would cost to borrow from each other for different periods and in different currencies.
Tupperware It Works
Filed under: news | Tagged: Bank of America, Banks Sued by U.S. Homeowners Over Rigging of Libor Benchmark, Barclays, Deutsche Bank, JPMorgan Chase, London, London Interbank Offered Rate, new york, UBS | 1 Comment »
Posted on July 22, 2012 9:56 pm by zandocomm
Exclusive: Prosecutors, regulators close to making Libor arrests
English: Deutsche Bank building – Sydney (Photo credit: Wikipedia)
(Reuters) – Prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with a sweeping investigation into the rigging scandal.
Federal prosecutors in Washington, D.C., have recently contacted lawyers representing some of the suspects to notify them that criminal charges and arrests could be imminent, said two of those sources, who asked not to be identified because the investigation is ongoing.
Defense lawyers, some of whom represent suspects, said prosecutors have indicated they plan to begin making arrests and filing criminal charges in the next few weeks. In long-running financial investigations it is not uncommon for prosecutors to contact defense lawyers before filing charges to offer suspects a chance to cooperate or take a plea, these lawyers said.
Tupperware Tighten Tone And Firm
Filed under: news | Tagged: Barclays, commodity futures trading commission, Deutsche Bank, Exclusive: Prosecutors, Libor, London Interbank Offered Rate, New York Federal Reserve Bank, regulators close to making Libor arrests, UBS, united states | Leave a Comment »
Posted on July 8, 2012 11:11 pm by zandocomm
DAVID KOTOK: LIBOR-Gate Will Take Down Many More Bankers, And The Claims Will Spiral Into The Trillions
Federal Reserve Bank of NY, 33 Liberty Street (Photo credit: Wikipedia)
In Europe, post-ECB, credit spreads widened. Good-guy yields declined; bad-guy yields rose. See our updated EU contagion series at http://www.cumber.com. Note how Swiss yields are negative until the 5-year maturity (which is a whopping 7 basis points). For new readers, see our archives on why the Swiss 10-year government bond is now the de facto benchmark for the eurozone. The European Central Bank demonstrated too little, too late. This week’s Draghi Q&A did not help matters. We continue to underweight Europe. It is still too soon to bottom fish.
In the US, the employment statistics release shows an ongoing but weakening, very slow recovery. A plus 80 thousand nonfarm jobs is better than minus 80 thousand. We see nothing to alter this slow but marginally positive growth outlook. The Fed’s additional “Twist” is a whimper, not a shout. In fact, that is probably a good thing, since monetary policy has its limits, and we are near them. We expect no more from the Fed for the rest of this year unless there is a seriously negative event. In our US ETF accounts we are still holding a cash reserve. In managed taxable and tax-free bond accounts we are slowly bringing in duration and using tactical hedging where appropriate. Our newly launched US high-yield debt strategy is developing well.
Filed under: news | Tagged: And The Claims Will Spiral Into The Trillions, Barclay, DAVID KOTOK: LIBOR-Gate Will Take Down Many More Bankers, European Central Bank, federal reserve system, Jon Corzine, JPMorgan Chase, London Interbank Offered Rate, MF Global, united states | Leave a Comment »