In 2008- 2009
we suffered the looting of the U.S. economy by major banks and finance
capital. The looting produced our current economic
crisis, crashed the world economy, and caused the massive cutbacks we presently
suffer in schools, in public pensions, in employment of police, fire, the
bankrupting of cities and the cuts to health care and the social safety net.
Now- we learn- it has all happened again. It is called the Libor scandal and it
is just breaking in London.
Barkley’s Bank has admitted a form of fraud of fixing the Libor rate
which will also involve major U.S. banks including Citi Group, J.P. Morgan and
others. These banks have bought
the U.S. Congress to prevent effective regulation of their practices.
See Sheila Bair ( a Republican) on Bill Moyers and
Company. Here. http://billmoyers.com/segment/sheila-bair-on-keeping-banks-honest/
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