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Matt Taibbi: Biggest Price Fixing Scandal Ever
Submitted by Guest on Sat, 04/27/2013 - 07:24
Hawaii Political Info introduction: Matt Taibbi, whom everyone should know by now writes for Rolling Stone, pens, "Everything is rigged."
Wonder if that has anything to do with gasoline prices?
While realizing we will be called anti-Semites and racists for doing so, may we point out who the power players in the banking industry are?
Rolling Stone
The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There's no price the big banks can't fix
by Matt Taibbi
April 25, 2013
Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world's largest banks may be fixing the prices of, well, just about everything.
You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that's trillion, with a "t") worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history – MIT professor Andrew Lo even said it "dwarfs by orders of magnitude any financial scam in the history of markets."
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