John Maenpaa

@ritchiepage2001

Christian/Patriot/Libertarian-Socialist and I support: AFL-CIO & IWW & ACLU & Occupy & Declaration Of Independence & Constitution #union #iww #WIUnion #occupy

#union #iww #ows #occupy #p2 #p21 #tlot #tcot

[VIDEO] Recent Libor Settlements Are Just Tip of the Iceberg

http://www.cnbc.com/id/100439641

Shorthand for the "London interbank offered rate," Libor is a key measure that sets the basis for interest rates on various global financial instruments. Eighteen banks submit estimates for US Dollar Libor on a daily basis, and an average is chosen.

Of those 18 banks, at least a dozen are under investigation by regulators, sources have said – and only three banks, thus far, have reached settlements on the matter.

In total RBS, Barclays and UBS will pay nearly $3 billion in fines stemming from the multi-year practice of artificially suppressing these benchmark interest rates, a practice that spanned the f...

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680 days ago

#union #iww #ows #occupy #p2 #p21 #tlot #tcot

[VIDEO] Recent Libor Settlements Are Just Tip of the Iceberg

http://www.cnbc.com/id/100439641

Shorthand for the "London interbank offered rate," Libor is a key measure that sets the basis for interest rates on various global financial instruments. Eighteen banks submit estimates for US Dollar Libor on a daily basis, and an average is chosen.

Of those 18 banks, at least a dozen are under investigation by regulators, sources have said – and only three banks, thus far, have reached settlements on the matter.

In total RBS, Barclays and UBS will pay nearly $3 billion in fines stemming from the multi-year practice of artificially suppressing these benchmark interest rates, a practice that spanned the f...

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