+ 英,리보금리 조작은 메가톤급 사건 - 밥의 의회증언

 

英,리보금리 조작은 메가톤급 사건 - 의회증언

 

리보금리조작은 메가톤 사건 중 메가톤급인데 그게 우리에게까지 닥쳤다

LIBOR: the 'mega-scandal of all mega-scandals' is upon us

Madison Ruppert, Contributor

Activist Post . Friday, July 6, 2012

런던리보금리조작 사태는 분 minute단위로 커지고 있다. 이것은 미 연준이 직면한 대규모 이해상충 케이스로 가고 있고 연준이 이미 공여한 16조달러 긴급대출이 적절해보이게 하고 있다.

바클레이즈 전 사장 밥다이아몬드가 영국의회에서 증언한 내용은 금융범죄자체다. 그는 한마디로 금융계 구조악이 오랜 세월 벌어진 일인데 그 끔찍한 일을 나만 한게 아니니 제발 자신을 비난하지 말라고 증언했다.

밥 사장은 4년전인 2008년도 금융사태 당시에 금융계실권자로부터 리보금리를 인위적으로 낮게 책정하라는 지시성 이멜을 받은 것을 폭로해버렸다. 이제 면책성 폭탄돌리기가 시작된 것이다. 그런 지시의 장본인은 영국은행 BOE(로스차일드 소유)부총재였던 폴 터커였다.

이렇게 되면 금리조작사태는 단순히 미국, 영국의 국채에 대해서 특혜를 주었다는 비리만이 아니라 영. 미의 전 금융권이 모두 예외 없이 이런 금리왜곡을 해서 자신들의 배를 불리며 세계의 금융지배구조를 유지하려했다는 혐의에 연루되는 엄청난 사실이 드러난 것이다.

그런데 밥 사장의 증언은 영국은행의 지시에만 그치지 않고 화이트홀, 즉 영국정부고위직이 모두 금리조작비리에 관련 됬으며 특히 영국수상이 직접 이 사태에 연관되어있음을 폭로하고 있다. 아, 이제 이 사건은 어디로 튈지 아무도 모른다. 금융공급권을 통제해서 세계국가를 지배하는 금권 메카니즘이 완전히 폭로되고 있기 때문이다.

요약번역: http://blog.daum.net/petercskim/7863688

 

Friday, July 6, 2012

LIBOR: the 'mega-scandal of all mega-scandals' is upon us

Madison Ruppert, Contributor
Activist Post

The London Interbank Offered Rate, or LIBOR, scandal is growing by the minute and is shaping up to be one of the largest, if not the single largest, financial scandals of all time. This has the potential to make the massive conflicts of interest at the Federal Reserve and the $16 trillion in “emergency loans” given out by the Federal Reserve look reasonable.

For the uninitiated, as it were, the scandal centers on British financial institution Barclays, the former CEO of which testified yesterday before the British Parliament.

Bob Diamond’s testimony on July 4, 2012 was almost painful. Diamond fell back on the incredibly tired excuses used by the criminals in the financial sector which were accurately summed up as “a long version of ‘It was awful, but don’t blame me.’”

LIBOR is, to put it in a crudely simple fashion, is the fluctuating rate at which banks can borrow from each other. However, this isn’t just a rate which affects UK banks.

Indeed, the LIBOR is used as an indicator for many of the world’s various fluctuating rates spanning a wide range of so-called “financial products.”

This is because the LIBOR is used as a rough indication of the level of confidence between one bank and another, with high rates indicating a low level of confidence and uncertain financial stability.

One of the most important, although hardly surprising, aspects of the scandal surrounds an email from October 29, 2008 written by Diamond to then-CEO John Varley.

The email allegedly details a conversation between Diamond and deputy governor of the Bank of England, Paul Tucker, held just earlier that day in which Tucker actually encouraged Diamond to artificially lower LIBOR rates.

A Barclays’ memo to the Treasury Select Committee released by the Telegraph on July 3 also reveals, “Subsequent to the call, Bob Diamond relayed the contents of the conversation to Jerry del Missier [then head of markets at BarCap].”

However, the memo also claims:

Bob Diamond did not believe he received an instruction from Paul Tucker or that he gave an instruction to Jerry del Missier. However, Jerry del Missier concluded that an instruction had been passed down from the Bank of England not to keep Libors so high and he therefore passed down a direction to that effect to the submitters.

This is just the beginning. As Matt Taibbi (watch the below video for more great comments from Taibbi on this scandal) correctly points out in his blog for Rolling Stone:

What’s even worse is that Diamond’s email suggests that Tucker was only following orders, i.e. that Tucker had received phone calls from ‘a number of senior figures within Whitehall’ – that is, the British government – expressing concern about Barclays’ high Libor rates.

If true, this would mean that Tucker was essentially playing the messenger for the British government in instructing Diamond to create a false sense of financial stability by the manipulation of borrowing rates.

In the email, Diamond actually says that the problem with Barclays was that they were actually reporting the real lending numbers, not ones artificially deflated before release.

“I asked [Tucker] if he could relay the reality, that not all banks were providing quotes at the levels that represented real transaction,” wrote Diamond in the email.

Tucker then slyly instructed Diamond to fudge the numbers in what Taibbi characterizes as “the painfully oblique manner of an English gentleman trying to engage a prostitute without using any dirty words.”

Tucker first said to Diamond that “while he was certain [Barclays] did not need advice,” Barclays need not report the high (read: true) rates that they had been reporting.

Diamond then relates that Tucker said, “It did not always need to be the case that [Barclays] appeared as high as [it has] recently.”

The attempts by Barclays to downplay the email and push blame away from Diamond and del Messier in the passage of the memo quoted above are just plain laughable.

Barlcays admits, “Certain traders sought to manipulate Barclays Libor submissions by sending requests to submitters,” and that, “The majority of these were sent during 2005 to Sept 2007 and sporadically in 2008/2009. There were no further requests to submitters after May 2009.”

However, they claim, “There was no knowledge by anyone in the bank above desk supervisor level of this conduct at the time. Senior management were not aware.”

This, I believe, is a laughable assertion when one actually looks at the facts. One would have to play quite fast and loose with the interpreting the quite clear wordage of the Diamond email in order to support such a position.

Taibbi, for one, suspects that the Diamond email’s mention of figures from Whitehall could be, if nothing else, “an awesome piece of political jungle defense by Diamond, tossing a hand-grenade into the seat of Her Majesty’s government minutes before he’s supposed to be grilled by parliament.”

Taibbi notes that unfortunately (at least for now) the only evidence we have regarding the mention of Whitehall is Diamond, “and under normal circumstances his word should mean less than nothing.”

This is especially true coming from a man who actually claimed in 2011 that it was time for banks to stop apologizing for what they had done.

Yet, we do, in fact, know that the conversation between Diamond in Tucker did occur and we know that they did discuss LIBOR. The only problem is that we don’t know how far this chain of damnation really goes.


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This article first appeared at End the Lie.

http://www.activistpost.com/2012/07/libor-mega-scandal-of-all-mega-scandals.html

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