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When the people fear their government, there is tyranny.
When the government fears the people, there is liberty.
-- Thomas Jefferson

During times of universal deceit, telling the truth
becomes a revolutionary act.  -- George Orwell

First they ignore you, then they ridicule you, then they
fight you, then you win.  -- Mahatma Gandhi

Just as ObamaForgeryGate scandal, LIBOR scandal was festering since 2008, but now it is exploding

Posted on | July 17, 2012 | 5 Comments

LIBOR-gate Explodes: What will Obama Do About His Banker Connections?
The “LIBOR-gate” scandal is exploding in the U.S., as cities, states, and municipalities across the U.S. examine how much money they have been bilked out of by the banks’ fixing of the LIBOR rate. The LIBOR is used to determine lending rates for trillions of dollars of credit, from loans between financial institutions, to credit cards, adjustable-rate mortgages, and the interest-rate “swaps” which have sunk cities across the U.S. as interest rates have gone down. The U.S. Commodities Futures Trading Corporation estimated that the LIBOR is tied to more than $900 trillion worth of loans, swaps and futures contracts. For comparison, a recent estimate of total world GDP puts it at $70 trillion.
https://larouchepac.com/node/23328

Category: Uncategorized

Comments

5 Responses to “Just as ObamaForgeryGate scandal, LIBOR scandal was festering since 2008, but now it is exploding”

  1. Veritas
    July 17th, 2012 @ 8:10 am

    All of these scandals must be taking their toll on the leading Dems.

    First, Obama makes odd, disparaging remarks about business owners and entrepreneurs to his own detriment.

    He associates with politicians who blame 9/11 on the Jewish people.

    His stress level stops him from self-monitoring his words giving the world a clear view of his corrupt and hateful self.

    Now, Harry Reid shows his desperation and nervous meltdown with an ignoble, and OSTENSIBLY RACIST, comment.

    (From Drudge: REID: ‘ANGRY WHITE MEN’ TRYING TO BUY ELECTION… )

    Do we detect more than a little “hate speech” from Mr Reid?

    He has sunk as low as the leader of his party..right into TAQIYYAH THUGGERY!

  2. kw
    July 17th, 2012 @ 8:38 am

    Uh-Oh

  3. Veritas
    July 17th, 2012 @ 1:02 pm

    More Cracks in the Flimsy Obama Veneer:
    ——

    From Fox Nation:

    A thousand-plus packed the auditorium, last night, July 16, at Reform Congregation Keneseth Israel in Elkins Park, Pa. for a rally sponsored by Jewish Americans for Obama.

    While the crowd may have been almost all Jewish

    not all of them were for Obama

    and things at times got

    contentious

    with shouting matches breaking out in the audience.

    The headline speaker was Democrat National Committee Chairwoman Debbie Wasserman Schultz, who represents Florida’s 20th District in Congress.

    Unexpected heckling to her claims that the

    President was

    a strong supporter of Israel

    visibly upset and flustered her.

  4. The Phoenix
    July 17th, 2012 @ 9:53 pm

    Now this is almost incredibly hard for me to believe…that most Jewish people at that gathering were for Obama! They are being conned!

    I’m wondering if they need to see Orlys’ Site, to get them to see the truth? But how is it that they haven’t come across Orlys’ Site, yet?

    Don’t Jewish attorneys/writers, etc., pass this info on? We know that Orly does, but why aren’t these other folks spreading the word?

  5. Mobile Money Cup
    October 26th, 2012 @ 5:45 pm

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