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Thread: Barclays will pay $450M for manipulating interest rates

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    Barclays will pay $450M for manipulating interest rates

    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
    Last edited by Redress; 06-27-12 at 11:10 PM. Reason: Fixed Title for User

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    Re: Barclays will pay $450M for manipulating interest rates

    Quote Originally Posted by lpast View Post
    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

    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.
    Last edited by poweRob; 06-28-12 at 12:28 AM.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    Re: Barclays will pay $450M for manipulating interest rates

    Quote Originally Posted by poweRob View Post
    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.
    Like ive said time and again...the rich and corporations always steal from us and 9 out of 10 get away with it.

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    Re: Barclays will pay $450M for manipulating interest rates

    Quote Originally Posted by lpast View Post
    Like ive said time and again...the rich and corporations always steal from us and 9 out of 10 get away with it.
    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
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    Re: Barclays will pay $450M for manipulating interest rates

    Quote Originally Posted by poweRob View Post
    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.
    think of it as a spider web
    the big ones just fall right thru it, unfazed
    only the small are captured
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Barclays will pay $450M for manipulating interest rates

    Quote Originally Posted by poweRob View Post
    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
    That might change if enough blue collars got themselves a gun. LOL.
    The ghost of Jack Kevorkian for President's Physician: 2016

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    Re: Barclays will pay $450M for manipulating interest rates

    Quote Originally Posted by poweRob View Post
    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
    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-
    “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
    “Socialism is great until you run out of someone elses money” Margaret Thatcher

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    Re: Barclays will pay $450M for manipulating interest rates

    Quote Originally Posted by lpast View Post
    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
    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 **** pussy rich boy prison that Martha Stewart went to.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: Barclays will pay $450M for manipulating interest rates

    Quote Originally Posted by Hicup View Post
    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-

    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.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    Re: Barclays will pay $450M for manipulating interest rates

    Quote Originally Posted by lpast View Post
    Like ive said time and again...the rich and corporations always steal from us and 9 out of 10 get away with it.
    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?

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