The Bankers Rob the Banks Again- you and I will be forced to pay

 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/

Also see William K. Black.  Here http://www.youtube.com/watch?v=Rz1b__MdtHY

Prosecute the bank CEOs and Wall Street

 Steve Kroft of “60 Minutes” got tired of waiting for the Justice Department to prosecute the big banks that caused the financial crisis.   They asked the questions that the media has been avoiding.

This is a good start.  the next step is to prosecute the CEO's of the major banks.  Only 2 have been prosecuted for the fraud of  $14 Trillion.  Based upon the Savings and Loan fraud of the 1980's, at least 1,000 should be going to jail.  Ask the Obama Administration,  ask your Congressperson why no one is going to jail.

Robert Scheer. You can arrest an idea. On Truth Dig.

"For a confirmation of that point, I also intended to present the mayor with the transcript of U.S. District Judge Jed S. Rakoff’s ruling this week rejecting the sweetheart deal between the SEC and Citigroup. The settlement, one of dozens like it offered to the banks, would have let Citigroup off the hook for a pittance in fines in return for closing cases involving immense corruption on the part of the bankers, who would not have to admit guilt for their crimes.