How much more evidence do you need that governments work for those guys?
"1st British guilty plea secured from banker in Libor case" Bloomberg News October 08, 2014
LONDON — A senior banker from a leading British bank has pleaded guilty to conspiring to manipulate London interbank offered rates.
The individual, who can’t be identified by order of the judge Tuesday, is the first to plead guilty in the Serious Fraud Office’s interest-rate rigging investigation. Twelve have been charged in connection to the British case.
The office released a statement Tuesday confirming last week’s plea and saying it could not comment further on the matter for legal reasons.
Authorities around the world have been investigating the rigging of interbank offered rates, benchmarks used to calculate about $300 trillion of securities, including mortgages, credit cards, student loans, and other consumer lending products. Two individuals have pleaded guilty this year to Libor-manipulation charges in the United States.
This is the biggest and longest financial fraud in the history of the world, conducted by criminal bankers who all were made tremendously wealthy, and yet it gets so little coverage as the "investigations" grind on forever as the banks have gone back to bu$ine$$ as u$ual.
The banker who pleaded guilty in Britain will be sentenced later.
When you are not looking, likely because of ISIS.
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Welcome to the we$tern $y$tem of Ju$tus.
Related: HSBC and Beyond
