Business Summary Links By Day
The Biggest
Financial Scandal In History? http://albertpeia.com/anotherbiggestfinancialscandal.htm ‘We always
knew that the financial markets were rigged, but this is getting
ridiculous. It is now being alleged that 20 major banks have been
systematically fixing global interest rates for years. Barclays has
already been fined hundreds of millions of
dollars for manipulating Libor (the London Inter Bank Offered Rate).
But Barclays says that a whole bunch of other banks were doing this too.
This is shaping up to be the biggest financial scandal in history, and criminal
investigations have been launched on both sides of the
What Is Libor?
As
mentioned before, Libor is the London Inter Bank Offered Rate. A recent Washington Post article
contained a pretty good explanation of what that means....
In
the simplest terms, LIBOR is the average interest rate which banks in
Why Does Libor Matter?
If
you have a mortgage, a car loan or a credit card, then there is a very good
chance that Libor has affected your personal finances. Libor has been a
factor in the pricing of hundreds of trillions of dollars of loans, securities
and assets. The following is from a recent article by Maureen Farrell....
These
traders influenced the pricing of the
Equities
Fumble As Broke Banks Mounting
ZeroHedge.com Tyler Durden 7-5-12 , Thunder
Road Report On The Death March: Approaching A New Financial System , The
Next Imminent Bailout: Eminent Domain
It seems that governmental efforts to save the underwater and ineligible
homeowner from his own fate are reaching fever pitch. Not only do we hear
today of the up to $300mm in Agriculture Department Rural Housing Service
loans that may have financed ineligible projects or borrowers
with a high potential inability to repay the loans; but yesterday's
WSJ reports on the growing call for 'eminent-domain' powers to be used by local government officials in
California to stop the "housing
bust's public blight on their city". In yet another
get-out-of-jail-free card, the officials (helped by a friendly local hedge-fund
/ mortgage-provider) want to use the government's ability to forcibly acquire
property to remove underwater homes, restructure the mortgage (cut principal),
and hand back the home to the previously unable to pay dilemma-ridden
homeowner. As PIMCO's Scott Simon puts it: "I don't see how you could find it anything
other than appalling", as this would crush property prices further and
drive up borrowing costs. As we noted earlier, until these
mal-investments are marked to market, there will be no useful growth in our
credit-bound economy but transferring wealth to the 'mal'-investor seems like a
terrible idea. , 80%
Of The World's Industrial Activity Is Now Contracting , Guest
Post: Guess Who’s Bailing Out Bankrupt Western Governments Now... Fourteen years ago during the Asian financial
crisis, Indonesia endured a currency collapse, a severe 2-year recession,
and an embarrassing IMF bailout. Western bureaucrats wagged their fingers
incessantly at Indonesia, lecturing the country about the dangers of
excess and fiscal irresponsibility. How sweet the irony is. In a stunning
rags-to-riches story,
Infowars.com | Alex discusses
the progressively deteriorating global economy and review evidence that
indicates the world is in the grasp of criminal banks.
Barclays
Scandal Forces Out Chairman Marcus Agius
Guardian.co.uk |
Resignation is a move intended to take some of the pressure off the bank’s
chief executive.
Barclays
Brawl: ‘Elite manipulated market, UK laws only give slap on wrist’
RT | The chief
executive of the
The
Secret of Wall Street’s Hedge Fund Hyena Success
Prisonplanet.com | Rob Dew
covers the latest story of crony corruption on Wall Street.
UKIP Nigel Farage on collapsing Eurozone
RT |
8,733,461:
Workers on Federal ‘Disability’ Exceed Population of New York City
CNS News | A record of 8,733,461 workers took
federal disability insurance payments in June 2012, according to the Social
Security Administration.
AP Business Highlights
...Yahoo Market
Update…
Compendium of Important
Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
Infowars.com | Now is the time to put an end to Obama’s
treasonous and tyrannical behavior.
http://albertpeia.com/impeachobama.htm
Wobama’s Choom Gang Bangin’ { This
brief video (11 mb) is well done and worth a
watch! }
http://www.albertpeia.com/wobamaschoomgangbangin.wmv
PAPER:
Obama's grandfather tortured by the British? A fantasy (like most of the
President's own memoir)... { http://albertpeia.com/wobamaschoomgangfantasy.htm }
Drudgereport: Obama: 'Sometimes I Forget' Magnitude of Recession…{
Oh! How conveniently forgetful, though the vast majority of americans don’t
have wobama’s luxury of feigned amnesia suffering from what wobama did and
didn’t do contrary to promises last time around the perpetual campaign trail
littered with his typical jive-talking b***s***! The following headline will
help him remember some of his sordid, pot-clouded high school past! }...
FLASHBACK: Obama's Sordid High School Past...
By Ben Shapiro ‘While the Washington
Post has been diligently digging into relatively innocent high
school pranks
by Mitt Romney, they’ve spent the last few years diligently ignoring President
Obama’s far more controversial high school days.Obama,
by all accounts, was a habitual drug user in high school. He tried cocaine, he
admits in Dreams From
My Father; he “tried drugs enthusiastically.” The Chicago Tribune reported back in 2007
that Obama thanked the “Choom Gang” in his high school yearbook; “chooming” was Hawaiian slang for smoking pot. The Honolulu Advertiser reported that Obama’s
senior portrait “prominently displayed … A package of ‘Zig-Zag’
rolling papers and a matchbook.” One of Obama’s close friends was arrested for
drug possession during high school.In his memoir,
Obama talked about routinely getting high. “Junkie.
Pothead,” he wrote. “That’s where I’d been headed: the final, fatal role of the
young would-be black man.” But, according to Obama, he only got high because he
was contemplating deep matters: drugs could “push questions of who I was out of
my mind.” Obama told students in 2007 that this activity constituted “goofing
off” and “wasting time”:"I will confess to you
that I was kind of a goof off in high school as my mom reminded me," Obama
said. "I went to high school in
Cracks
in the Washington Post story on Romney’s ‘pranks’ emerge
Correction
Request: Washington Post Uses Falsehood in Romney Hit Piece
Media
Downplays Obama's Past, Tries to Define Romney with Teen Prank
If we're going to delve deep into a candidate's past, let's delve deep into a
candidate's past. Here's Obama in his own words admitting to physically shoving
a little girl named Coretta. Yes, it was at this moment that the first
shot in the War on Women was fired.
http://albertpeia.com/obamashovesgirl.png
No doubt that after expending all that energy
bullying an innocent little girl, young Obama readied himself
for round two by eating a Golden Retriever. More on this breaking story here.If
you're wondering what the rules are regarding a candidate's past; how far back
we're allowed to go in an attempt to define them -- the answer is simple: the
corrupt media will let us know.
STONE: 'Playing a
cruel and cynical game'...
Unites Republicans?New Black Panther Niggers Plan Newspaper Cover With
Zimmerman In Noose { and civilized people everywhere should respond with
niggers in nooses and contributions to the Klu Klux Klan! } ...
LOONEY CLOONEYLAND: BIG CAMPAIGN BOXOFFICE FOR NIGGERO
– Meanwhile, looney clooneyland ain’t doin’ so well with the niggero model –
see next headline! ...Failed Wobama model illustrated: 16 Reasons To Move Away From
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{ some prior links of current interest }
