A New Nightmare on Wall Street? U.S. Banks Face Criminal Probe into Global Interest Rate-Fixing Scheme as Barclays Blows The Whistle on America’s Financial Giants!

• Practically, all major western global banks are Illuminist owned IMO. The LIBOR is used to set many interest rate levels for eg. the interest rates on home loans. When it is kept artificially high, it means that home owners must pay more to the banks for their monthly payments. This is the way the banksters are rigging the markets to make their enormous profits.
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• It helps that the Illuminists also own practically all central banks. And these central banks set the interest rates at which these global banks can borrow from the central banks. You borrow dirt cheap at close to zero percent and then you lend out at high interest rates and maintain the high interest rates for existing loans. It helps a great deal that the Illuminist banksters own the politician snakes. They will just get a small slap on the wrist when caught! Marvellous scam!
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  A new nightmare on Wall Street? U.S. banks face criminal probe into global interest rate-fixing scheme as Barclays blows the whistle on America’s financial giants! 
  By Toby Harnden and Thomas Durante, http://www.dailymail.co.uk/ 
  Some of America’s top banks are set to be dragged into a major criminal investigation of a global interest rate-fixing scandal about to engulf some of Wall Street’s biggest institutions. The worldwide probe centres on claims traders at Barclays colluded with rival banks to keep interest rates at levels to their benefit.
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  Barclays agreed to pay a whopping $453million in fines to the U.S. Justice Department and the UK’s Financial Services Authority. But it emerged tonight the bank had struck a deal of ‘extraordinary co-operation’ with regulators in Washington and London – potentially exposing collusion on interest rates among banks across the globe.
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  The bank admitted to manipulating key interest rates, increasing pressure on other banks to cooperate in a probe that could cost the financial industry billions of dollars.
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  The agreement came after coordinated investigations lasting years and is just the first in a series of potential cases against other financial firms, including HSBC, Citigroup and JPMorgan Chase.
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  But it is Barclays’ decision to co-operate with authorities that has sent a wave of panic through financial institutions across America. It is believed that part of Barclays chief executive Bob Diamond’s agreement with American authorities would be to give up other top banks around the world who may be involved.
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  ‘This is the proverbial tip of the iceberg,’ said Hervey Pitt, former chairman of the Washington-based Securities and Exchange Commission. He added: ‘It is in Barclays’ interest to prove the old adage that misery loves company and I expect they’ll be implicating a lot of their colleagues in other banks.’
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  As a part of the deal, Barclays admitted its role in rigging the LIBOR (London Interbank Offered Rate) and EURIBOR interbank crucial interest rates to mask the scale of their bad debts. And American authorities say Barclays is not alone, with a number of other banks also taking part in a full-scale, global fraud.
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