Barclay's LIBOR manipulation

ILW

homelessskilledworker wrote: »

And now this, after all the stuff with RBS and Fred the shred, undeserved bonuses, rigged AAA ratings, Bank bailouts etc etc.

Would anyone not believe that it is in the realms of possibilty that the property market is rigged.

In what way?

CLAPTON

Wookster wrote: »

If fraud (which is a criminal offence) is obtaining pecuniary advantage by deception, then why isn't manipulation of LIBOR a criminal offence that should see these traders and the senior managers who instructed them locked up for a few years?

Can someone with a legal brain explain this to me please?

in the UK there would first be a 5 or 6 year investigation with a few people then being charged

the case would drag on for a further year or two before it was discovered that the prosecution had accidentally forgotten to disclose some evidence

the judge would then declare a mistrial and everyone would go home without a stain on their character.

worldtraveller

Barclays SP currently down 9.5%.

Debt_Free_Chick

Bob will go before the weekend

JasonLVC

Debt_Free_Chick wrote: »

Bob will go before the weekend

Its where he is going to go work next is the bigger worry....old (dodgy) habits are hard to break.

Graham_Devon

Has he been knighted yet?

Debt_Free_Chick

JasonLVC wrote: »

Its where he is going to go work next is the bigger worry....old (dodgy) habits are hard to break.

Back to the US as he will no longer have a job in the UK and therefore no work permit

worldtraveller

JasonLVC wrote: »

Its where he is going to go work next is the bigger worry....old (dodgy) habits are hard to break.

Maybe his mate Mandy would be able to help him. Mandy allegedly coached him ahead of his appearance in front of a Commons committee back in January, 2011. Funny that, because Mandy had earlier called him the "unacceptable face of banking" :think:

Graham_Devon

LOL love it. Labour are straight onto attacking osbourne, suggesting they didn't know about this statement until 2 minutes before it happened :doh:

They want the police and special fraud investigations bought in. She asks George why this was not regulated, but labour granted the powers.

She's now trying to stand up for the mortgaged homeowners, suggesting they have lost out to market fixing, and should be able to look to compensation.

Trouble is, as all parties know, there is no party in the right here. They are just asking questions of each other that they know can't be answered. Labour are trying to focus all this on the time when the colaition were in power and saying the coalition is at fault for not preventing it.

Unfortunately, most of it happened on their watch.

Debt_Free_Chick

Graham_Devon wrote: »

LOL love it. Labour are straight onto attacking osbourne, suggesting they didn't know about this statement until 2 minutes before it happened :doh:

They want the police and special fraud investigations bought in. She asks George why this was not regulated, but labour granted the powers.

She's now trying to stand up for the mortgaged homeowners, suggesting they have lost out to market fixing, and should be able to look to compensation.

Trouble is, as all parties know, there is no party in the right here. They are just asking questions of each other that they know can't be answered. Labour are trying to focus all this on the time when the colaition were in power and saying the coalition is at fault for not preventing it.

Unfortunately, most of it happened on their watch.

I find this side of politics a complete waste of time and money.

It's simply a willy-waving competition