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Barclays will pay $450M for manipulating interest rates

lpast

lpast

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Typical slap for the rich and corporate CROOKS...they do this kind of criminal garbage all the time and they get fined and no one goes to jail...if they are paying 450 million fine they made 3 billion off the backs of regular people. The entire administration from the CEO down should do prison time.
Theres several other banks under investigation for the same thing...they have "STOLEN" billions off the little guys. These are part of the infamous JOB CREATORS arent they ?






Barclays and its subsidiaries will pay more than $450 million to settle charges that they tried to manipulate interest rates that can affect how much people pay for loans to attend college or buy a house.


Barclays is one of several major banks reportedly under investigation for such violations.
The incidents occurred between 2005 and 2009 and sometimes took place daily, the U.S. Commodity Futures Trading Commission said Wednesday in announcing the settlement. A $200 million civil penalty levied against Barclays is the largest in the CFTC's history.
Barclays also agreed to pay $160 million as part of an agreement with the Justice Department's criminal division on a related matter. It will also pay nearly $93 million to British regulators.
The Justice Department said its related criminal investigation continues. Barclays has agreed to cooperate with that probe.

Barclays will pay $450M for manipulating interest rates
 
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lpast said:
Typical slap for the rich and corporate CROOKS...they do this kind of criminal garbage all the time and they get fined and no one goes to jail...if they are paying 450 million fine they made 3 billion off the backs of regular people. The entire administration from the CEO down should do prison time.
Theres several other banks under investigation for the same thing...they have "STOLEN" billions off the little guys. These are part of the infamous JOB CREATORS arent they ?






Barclays and its subsidiaries will pay more than $450 million to settle charges that they tried to manipulate interest rates that can affect how much people pay for loans to attend college or buy a house.


Barclays is one of several major banks reportedly under investigation for such violations.
The incidents occurred between 2005 and 2009 and sometimes took place daily, the U.S. Commodity Futures Trading Commission said Wednesday in announcing the settlement. A $200 million civil penalty levied against Barclays is the largest in the CFTC's history.
Barclays also agreed to pay $160 million as part of an agreement with the Justice Department's criminal division on a related matter. It will also pay nearly $93 million to British regulators.
The Justice Department said its related criminal investigation continues. Barclays has agreed to cooperate with that probe.

Barclays will pay $450M for manipulating interest rates
Click to expand...


This is the shyte, along with the entire housing bubble before that, the dotcom bubble before that and the savings & loans scandal before that... these are the events that passed through my mind when I read how this poor bastard got roasted and sent to jail for stealing $1.5 million from the bank and gambled it all away.

Of course that idiot should go to jail but that he gambled away $1.5 million of a bank's broken ATM money and goes to jail but if you do it large scale in the billions or trillions... no worries. Just pay the fine with the same money you were intending to gamble away anyhow.
 
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poweRob said:
This is the shyte, along with the entire housing bubble, dotcom bubble before that and the savings & loans scandal before that... that went through my mind when I read how this poor bastard got roasted and sent to jail for stealing $1.5 million from the bank and gambled it all away.

Of course that idiot should go to jail but that he gambled $1.5 million of bank money away and goes to jail but if you do it large scale in the billions or trillions... no worries. Just pay the fine with the same money you were intending to gamble away anyhow.
Click to expand...

Like ive said time and again...the rich and corporations always steal from us and 9 out of 10 get away with it.
 
lpast said:
Like ive said time and again...the rich and corporations always steal from us and 9 out of 10 get away with it.
Click to expand...

This is my breakdown.

Blue collar steals from blue collar = someone goes to jail
Blue collar steals from white collar = someone goes to jail for a long time
White collar steals from white collar = someone goes to jail
White collar steals from blue collar = no one goes to jail
 
poweRob said:
This is the shyte, along with the entire housing bubble before that, the dotcom bubble before that and the savings & loans scandal before that... these are the events that passed through my mind when I read how this poor bastard got roasted and sent to jail for stealing $1.5 million from the bank and gambled it all away.

Of course that idiot should go to jail but that he gambled away $1.5 million of a bank's broken ATM money and goes to jail but if you do it large scale in the billions or trillions... no worries. Just pay the fine with the same money you were intending to gamble away anyhow.
Click to expand...

think of it as a spider web
the big ones just fall right thru it, unfazed
only the small are captured
 
poweRob said:
This is my breakdown.

Blue collar steals from blue collar = someone goes to jail
Blue collar steals from white collar = someone goes to jail for a long time
White collar steals from white collar = someone goes to jail
White collar steals from blue collar = no one goes to jail
Click to expand...

That might change if enough blue collars got themselves a gun. LOL.
 
poweRob said:
This is my breakdown.

Blue collar steals from blue collar = someone goes to jail
Blue collar steals from white collar = someone goes to jail for a long time
White collar steals from white collar = someone goes to jail
White collar steals from blue collar = no one goes to jail
Click to expand...

I know you're a liberal but you have this one right, and believe it or not, MOST conservatives agree with you. This has got to stop, and the only way that happens is if the Fed's smack them hard all the way down to the secretary.


Enough already with the pay this and you don't go to jail crap!


Tim-
 
lpast said:
Typical slap for the rich and corporate CROOKS...they do this kind of criminal garbage all the time and they get fined and no one goes to jail...if they are paying 450 million fine they made 3 billion off the backs of regular people. The entire administration from the CEO down should do prison time.
Theres several other banks under investigation for the same thing...they have "STOLEN" billions off the little guys. These are part of the infamous JOB CREATORS arent they ?






Barclays and its subsidiaries will pay more than $450 million to settle charges that they tried to manipulate interest rates that can affect how much people pay for loans to attend college or buy a house.


Barclays is one of several major banks reportedly under investigation for such violations.
The incidents occurred between 2005 and 2009 and sometimes took place daily, the U.S. Commodity Futures Trading Commission said Wednesday in announcing the settlement. A $200 million civil penalty levied against Barclays is the largest in the CFTC's history.
Barclays also agreed to pay $160 million as part of an agreement with the Justice Department's criminal division on a related matter. It will also pay nearly $93 million to British regulators.
The Justice Department said its related criminal investigation continues. Barclays has agreed to cooperate with that probe.

Barclays will pay $450M for manipulating interest rates
Click to expand...

If they really did make 3 billion from illegal activities then this 450 million dollar fine is nothing more than the government getting its cut or hush money to the government.Everyone involved in this should be thrown into prison.That should real prison too not that bull **** ***** rich boy prison that Martha Stewart went to.
 
Hicup said:
I know you're a liberal but you have this one right, and believe it or not, MOST conservatives agree with you. This has got to stop, and the only way that happens is if the Fed's smack them hard all the way down to the secretary.


Enough already with the pay this and you don't go to jail crap!


Tim-
Click to expand...


Even though he's a prostitue doer... I'd love for the Secretary of the Treasury or especially the Attorney General to be Elliot Spitzer. As a meager state attorney general, he had wall street crooks ****ting their pants.
 
lpast said:
Like ive said time and again...the rich and corporations always steal from us and 9 out of 10 get away with it.
Click to expand...

yawn-government steals far more and yet you turn a blind eye to that.

when are you gonna figure out that your lot in life is not the fault of corporations or those who make more than you do?
 
poweRob said:
This is my breakdown.

Blue collar steals from blue collar = someone goes to jail
Blue collar steals from white collar = someone goes to jail for a long time
White collar steals from white collar = someone goes to jail
White collar steals from blue collar = no one goes to jail
Click to expand...

any proof of that idiocy

ever heard of Steve Warshak
 
jamesrage said:
If they really did make 3 billion from illegal activities then this 450 million dollar fine is nothing more than the government getting its cut or hush money to the government.Everyone involved in this should be thrown into prison.That should real prison too not that bull **** ***** rich boy prison that Martha Stewart went to.
Click to expand...



Some times James, you are right on the mark and find the right words too.
 
TurtleDude said:
any proof of that idiocy
Click to expand...

Other than the whole economic crash with no one going to jail... just nominal fines?

TurtleDude said:
ever heard of Steve Warshak
Click to expand...

Most rules tend to have an exception. The only way a white collar generally goes to jail for stealing from blue collar is if the face of the criminal gets too much publicity. Kind of hard when people do their criminal activity under the guise of "corprations are people too" therefore no human face is actually responsible for the criminal deeds. Just a company logo that gets a fine.
 
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