By Ken Hildebrand: It
was shortly after midnight when the movie “The Dark Knight Rises”
started. A few minutes later, a lone gunman entered the theater and
started shooting. He murdered 12 people and wounded 59 others, in what
some have called the worst shootings in this nation’s history.
This is not a tragedy but cold blooded, premeditated murder. Armed
with what has been reported as an AR-15 semi-automatic assault rifle, a
shotgun, 2 pistols, a knife and some type of gas grenades as well as
full body armor, he systematically killed 12 people including a
6-year-old girl.
The response from the media has been swift and predictable. Coverage
has been on around the clock and unsurprisingly, the speculation has run
amok, not that this is anything new for the lame stream media.
Who is this guy? Why did he kill these people? What groups was he
affiliated with? These are all legitimate questions and thus should be
answered. But then the false information and speculation started.
Submitted by Tyler Durden: For over four years, virtually everyone in the
finance industry knew that Libor was manipulated. The stench of
manipulation rose to the very top and thanks to a document release of formerly confidential information, we now know for a fact that
even the Fed was in on it - recall that as part of production, the Fed
provided a transcript of an April 2008 phone call between a Barclays
trader in New York and Fed official Fabiola Ravazzolo, in which the
unidentified trader said: "So, we know that we're not posting um, an honest LIBOR."
And yet without any tangible, black on white evidence, there was no
catalyst for pursuing legal action. That all changed when in a desperate
attempt to protect its ass, Barclays decided to rat out everyone by
settling with regulators, and "turn state" producing e-mail based
evidence, most of it quite visual (after all what is more tangible to
the common man that evil bankers sipping on Bollinger), which
essentially threw years of quiet cartel cooperation under the bus. As a
result, regulators, enforcers, and legal authorities, many of whom were
in on this manipulation from the beginning, no longer had an excuse to
not pursue civil and criminal charges against perpetrators, who until
recently were footing the tabs at various gentlemen's venues and ultra
expensive restaurants. And while the imminent waterfall of civil
prosecution will force bank litigation reserves to go through the roof,
here comes, with a very long delay, the criminal charges. As Reuters reports, here come the arrests.
