'The Mob Learned From Wall Street': Eliot Spitzer On The 'Cartel-Style Corruption' Behind Libor Scam [Video]
Excellent…worth posting….let your readers see the magnitude of this as well as who’s picking their pockets on a daily basis………….
9 minute video……….
Moderator / Guest quotes: “This is the mega-scandal of mega-scandals”……. “LIBOR is like the Sun of the center of the financial universe. Every interest rate in the world comes back to LIBOR”……. “If you futz around with LIBOR you are affecting hundreds of trillions of dollars each day!”…. “This is the ‘business model’ of these ‘too big to fail’ banks. Making as much money as quickly as possible, in any way that they cannot get caught. The entire business model is corrupt and rotten to its core”…… “This is a cartel-style corruption, it’s just not Barclay’s. We have reached a crescendo”…..”This is about ‘Lie-More’, the business model of these big banks”……”Wall Street is a high-crime area and we need to send the cops in”…..”The implications of this are awesome”…..”These are not really banks, they’re finance and trading companies. They hide behind the name ‘bank’ “…..